Recap of DeFi Space, January 2023

Feb 1

🆕 New DeFi Products

Flux Finance
Flux Finance is a decentralized lending protocol that can support permissionless cryptoassets alongside permissioned tokens. The project aims to allow users to borrow stablecoins, which they can collateralize with real-world assets.
Dove
Dove is a cross-chain AMM, and Dove Protocol’s take on the “dAMM”. The project aims to use cross-chain messaging to allow for trading to happen on multiple chains, with liquidity staying unified and secure on Ethereum.

Phuture is a sponsor of our newsletter 🙏

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).

❓ What's new at Defiprime?*

SynFutures, a permissionless web3 infrastructure platform made for derivatives ✅

🎙️Interviews with DeFi projects

We recently talked with Joe Sticco of JPEGz, and topics like Sticco's background, JPEGz's backstory, the business and goals of JPEGz, and future predictions for DeFi.

🔗 Noteworthy Links

💸 Venture Financing

Ondefy raised $1M in funding, aiming to foster further DeFi adoption.
Msafe, an Aptos-based multisig wallet, secured $5M in funding.
The Easy Company, a web3 social wallet, closed a $14.2M seed funding round.
Jumbo announced its $3.5M funding round, aiming to deliver its DEX ecosystem to the NEAR protocol.
Alkimiya raised $7.2M in funding, aiming to grow its cash flow hedging protocol further.
Exactly Protocol secured $2M in funding and shortly afterward launched on the Ethereum mainnet.
HashKey Capital has closed its third fund with $500M in funding.
Diva announced its $3.5M seed funding round, funding their distributed liquid staking protocol.
Obol raised $12.5M in funding, aiming to decentralize Ethereum staking infrastructure.
Flashbots sought to raise $50M in funding, aiming to achieve unicorn status.
Cypher secured $4.3M in funding, with Y Combinator leading the funding round.
Blue, a DeFi startup, announced their $3.2M funding round.
Metahood closed their $3M funding round, hoping to build a Zillow for the metaverse.
Mask Network raised $5M in strategic funding, with DWF Labs leading the round.
Davos, a startup, secured $500K in pre-seed funding.
Gateway, a web3 credential protocol, announced its $4.2M funding round.
Hyper Oracle, a zero-knowledge startup, closed a $3M funding round.
Tribes, a web3 social wallet, launched this month with $3.3M in funding.
QuickNode has raised $60M in Series B funding, with the project holding an $800M valuation.
Tholos secured $1.5M in pre-seed funding, aiming to build a highly usable, functional digital asset custody.

🗓️ Upcoming DeFi Events

ETHTLV 2023 - 01 Feb 2023 - Tel Aviv, Israel
ETHDenver 2023 - 24 Feb 2023 - Denver, US
Interop Summit 2023 - 27 Feb 2023 - Denver, US
DAODenver 2023 - 27 Feb 2023 - Denver, US
DeFi Denver - 01 Mar 2023 - Denver, US
WAM 2023 - 01 Mar 2023 - Online
WalletCon 2023 - 01 Mar 2023 - Denver, US
Schelling Point Denver - 02 Mar 2023 - Denver, US
Liquid Staking Derivatives Networks at ETHDenver - 03 Mar 2023 - Denver, US
MEV and Proof of Neutrality at ETHDenver - 03 Mar 2023 - Denver, US
EDCON 2023 - 03 Apr 2023 - Vienna, Austria
NFT.NYC 2023 - 12 Apr 2023 - New York City, US
DAO TOKYO - 13 Apr 2023 - Tokyo, Japan
Consensus 2023 - 26 Apr 2023 - Austin, US
Next Block Expo Warsaw Summit - 24 May 2023 - Warsaw, Poland
EthCC 2023 - 17 Jul 2023 - Paris, France
DappCon 2023 - 11 Sep 2023 - Berlin, Germany
Permissionless 2023 - 11 Sep 2023 - Austin, US
Mainnet 2023 - 20 Sep 2023 - New York City, US

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