New DeFi Products
Alkimiya Protocol
The Alkimiya Protocol is a new DeFi product that hopes to build a permissionless, non-custodial protocol which enables miners to sell their hashpower through a bilateral contract, and build a structured products engine in which users can restructure their contracts into other forms of yield-generating assets, backed by cash flow.ARCx DeFi Passport
ARCx’s ‘DeFi Passport’, is a new product which hopes to allow users to leverage their on-chain activity so they can prove their ‘creditworthiness’, on a scale from 0 to 999, and qualify for additional benefits across crypto protocols, similar to how high credit scores can help investors clinch lower rates.Circle Yield
Circle Yield is a new program by Circle which aims to allow companies to access new, profitable ways to build corporate treasury programs using rapidly growing digital asset lending markets.AladdinDAO
AladdinDAO is a protocol launched by a consortium of 14 founding contributors and investors, who are passionate about bringing some order to the crypto world, and aim to leverage DeFi big brains to research and analyze opportunities in DeFi and bring them to the broader community.Compound Treasury
Compound Treasury is a DeFi product which is designed to further access to the Compound protocol, and aimed at non-crypto native businesses and financial institutions
Aave is a sponsor of our monthly newsletter 🙏
Aave is an open-source and non-custodial protocol for money market creation on Ethereum. Originally launched with the Aave Market, it now supports a Uniswap Market and enables users and developers to earn interest and leverage their assets. Aave also pioneered Flash Loans, the first uncollateralized loan option in DeFi, and an innovative building block for developers.
What’s new at Defiprime
Defiprime listed a handful of new products this month. They include:
Liquidity, which is a decentralized borrowing protocol which allows you to draw interest-free loans against Ether, used as collateral✅
Alchemix, a future-yield-backed synthetic asset platform, which has flexible instant loans which repay themselves over time✅
DefiLlama, a multi-chain defi TVL stats dashboard, in which data connectors are contributed to and maintained by a community✅
Lido, which is a liquid staking solution for ETH 2.0, which allows users to stake their ETH without having to maintain infrastructure✅
Interviews with DeFi projects
What about a Euro stablecoin? Claude Eguienta told us about the token issuance protocol and Euro stablecoin that they are building at Mimo.
Sovryn: Bitcoin-Based Trading and Lending Platform Ororo shared Sovryn backstory, and told us how they are building a bitcoin-based DeFi platform for seamless lending and borrowing.
Wondering about NFTs? Bruno Marshall told us about their novel NFT Marketplace platform built on Harmony, and the intersection of emerging creators and the passion economy with DeFi solutions.
What really is the Liquidity Protocol? Robert Lauko of Liquidity itself explains, along with telling how Liquidity is governance free, and a censorship-resistant interest-free borrowing protocol.
Noteworthy Links
How important is the P/S ratio for a governance token’s price?
Examination of the role of stablecoins in protocol treasury management
An open letter to the stalwart on DeFi, and how it rebuilds the traditional financial system
Zapper-Polygon bridge post-mortem; Unlimited approvals are bad
PDF of DAO model law by coalition of automated legal applications
💸 Venture Financing
Syndicate raised $800K from 100 community members, from early users and partners, to friends in the community.
Coinvise raised $2.5M to build a social network for the Web3 Creator economy.
Tracer DAO raised $4.5M to bring Tracer’s perpetual swaps to the Arbitrum mainnet.
Nansen raised $12M in Series A Funding, led by Andreessen Horowitz.
RabbitHole raised $3.6M in a seed round to build an on-chain resume for the future.
Rarible raised $14.2M to launch a NFT marketplace on the Flow blockchain, flesh out its platform, and hire new team members.
SynFutures raised $14M in Series A Funding, led by Polychain Capital, CMS, and more.
Goldfinch raised $11M from Andreessen Horowitz so they can build the next phase of DeFi credit.
dYdX, a DEX, raised $65M in a Series C led mainly by Paradigm.
The Umee Protocol raised $6.3M in a seed round to create a Cross-chain DeFi Hub.
InstaDApp raised $10M in new funding to build a ‘middleware’ for the DeFi space.
Unbound Finance raised $5.8M, led by important investors like Pantera Capital and Michael Arringont’s XRP capital.
SmartDeFi raised $1M in pre-seed funding, so they can bring DeFi to the masses like Robinhood.
Divergence raised $2.9M in seed and private financing rounds, with investors like Arrington’s XRP Capital, and more.
Solana Labs raised $314M in private token sale rounds led by a16z (Andressen Horowitz), and Polychain Capital.
Solana also raised a warchest of up to $450M so they could challenge Ethereum.
Sherlock raised $1.5M in a pre-seed round to protect DeFi users from smart contract exploits.
Impossible Finance raised $7M to build their DeFi protocol (how did they do it?).
Lithium Finance raised $5M for their protocol to bring pricing data of illiquid, non-public assets for DeFi.
Composable Finance closed a $7M funding round led by key strategic investors.
Upcoming DeFi Events
Ethereum Community Conference 4 - 20 Jul 2021 - Paris, France
Smart Contract Summit #1 - 05 Aug 2021 - Online
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