Recap of DeFi Space, February 2023
🆕 New DeFi Products
Blowfish Protect
Blowfish Protect is a browser extension that aims to upgrade your web3 security, by flagging transactions on your screen and explaining how signing transactions may affect you.MEV-Share
Flashbot’s MEV-Share protocol aims to distribute a portion of the MEV to Ethereum users, rather than just validators and builders.oSnap
oSnap is a gasless governance tool, allowing DAOs to come to a token-based consensus, with on-chain execution performed by UMA.
❓ What's new at Defiprime?
Blur, a zero-fee NFT marketplace with a fast UI and many tools ✅

Phuture is a decentralised protocol that simplifies crypto asset investment through its on-chain index fund products; offering passive exposure with best-practice methodologies, monthly rebalancing, and optimised yields. Phuture’s product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
🔗 Noteworthy Links
Ethereum: Sepolia Shapella Announcement, Shanghai upgrade
Paxos under investigation by New York Regulator, Paxos didn’t administer BUSD “Safely”
Blur launches Token Airdrop, escalates royalty battle with OpenSea
💸 Venture Financing
Rysk Finance has raised $1.4M in funding, aiming to spearhead on-chain market making.
Archimedes, a DeFi marketplace, has secured $4.9M in seed funding.
Fungify has closed a $6M funding round, hoping to build a new NFT lending primitive.
KuCoin Ventures backed Port3, a social data portal, with Port3 closing a $3M funding round.
Elementus announced its $10M funding round, hoping to continue building accessible infrastructure.
Blur raised funds to further build its marketplace, as the round became oversubscribed.
Caldera secured $9M in funding, aiming to enable web3 at scale.
Aura Network closed a $4M Pre-Series A funding round, with the round co-led by Hashed and Coin98.
Nefta announced its seed funding round, with the company holding a $32.5M valuation.
Salsa raised $2M in pre-seed funding, aiming to further build its messaging platform.
Sending Labs closed a $12.5M funding round, hoping to build a web3 communication stack.
Ironblocks secured $7M in funding, aiming to build its blockchain cybersecurity platform.
Phi announced its $2M seed funding round, hoping to build a social gaming onboarding platform for web3.
Beldex has raised $25M in funding, with DWF Labs leading the round.
Chaos Labs has raised $20M in seed funding, aiming to automate on-chain risk optimization.
Huma Finance has secured $8.3M in funding, hoping to enable borrowing against future income.
Sentio closed a $6.4M seed funding round, with Lightspeed leading investment.
TipLink has announced its $6M funding round, with the round co-led by Sequoia and Multicoin.
Kaito, an AI-powered engine, has secured $5.3M in funding.
Affine Protocol has closed a $5.1M funding round, aiming to develop DeFi yield offering.
Gateway.fm has raised $4.6M in funding, with Lemniscap leading the round.
Factor, an Arbitrum-based project, has closed a $4M funding round.
Renegade has secured $3.4M in funding, with Dragonfly leading the round.
Tsunami Finance announced its $1.3M pre-seed funding round.
Republic canceled its $75M fund, following the crypto collapse and SEC guidance.
The Blockchain Founders Fund raised $75M in funding, aiming to encourage mass adoption.
Mangrove closed a $7.4M Series A funding round, hoping to enable market makers to operate without locked capital.
Ether.Fi, a non-custodial liquid staking platform, announced its $5.3M funding round.
Portal, an infrastructure startup, closed a $5.3M funding round.