Recap of DeFi Space, February 2023
đ 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
Flashbotâs 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.
â What's new at Defiprime?
Blur, a zero-fee NFT marketplace with a fast UI and many tools â

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. Phutureâs product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
đ Noteworthy Links
Ethereum: Sepolia Shapella Announcement, Shanghai upgrade
Paxos under investigation by New York Regulator, Paxos didnât administer BUSD âSafelyâ
Blur launches Token Airdrop, escalates royalty battle with OpenSea
đž 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.