New DeFi Products
Gateway
Gateway, a Substrate blockchain governed by COMP token-holders, is an open ledger for cross-chain interest rate markets.Kine
Kine, created at the start of March by the Kine Protocol Team, is a decentralized derivatives protocol, mainly focused on trading derivatives on Ethereum.Optimism Dai Bridge
The MakerDAO community will be launching an ‘official’ DAI on Optimism L2.0x DAO
The 0x DAO is a project to continue the process of becoming a fully decentralized technology and network.SafeSnap
SafeSnap is a governance tool suite focused on decentralized execution of crypto governance proposals.Fuse
Fuse, made by Rari Capital, is an open interest rate protocol that is focused on supporting isolated markets, where pool creators can choose all the parameters they want.Hop
The Hop Protocol provides a token bridge for the layer-2 ecosystem of Ethereum, enabling moving funds from one L2 network to another.Ellipsis.finance
Ellipsis.finance is a BSC-based fork of Curve, which allows stablecoin swap with low slippage, and minimal fees.NFT Flash Loans
NFT Flash Loans is a new feature on the NFT20 protocol that allows developers to borrow without collateral once liquidity is returned to the pool within a single block.
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:
Autofarm, a cross-chane yield aggregator ✅
NFT20, a permissionless protocol enabling trade, swaps and more ✅
Reflexer, a platform where anyone can use crypto collateral to issue reflex indexes ✅
Multichain.xyz, a cross-chain bridge enabling bi-directional token transfers ✅
Venus, an algorithmic money market and stablecoin protocol ✅
Vesper, a suite of yield-generating products ✅
Akropolis, which allows executing automatic dollar-cost averaging into BTC/ETH and participating in different liquidity mining programs ✅
Unit Protocol, a decentralized protocol that allows you to mint the stablecoin $USDP ✅
PancakeBunny, a DeFi yield aggregator platform ✅
Tally, a voting dashboard aggregating data from DeFi protocols ✅
Interviews with DeFi projects
Tally - Co-Founder Dennison Bertram discusses how Tally empowers user-owned governance through a voting dashboard, tooling, and more.
Indexed Finance - Founder Dillion Kellar talks about Indexed Finance’s backstory, along with explaining DeFi index investing niche, and capitalization weighted pools.
FinNexus - Co-Founder Ryan Tian and CEO Boris Yang share the backstory behind FinNexus, and its goals for the future.
B.Protocol - CEO Yaron Velner explains how the protocol is eliminating the gas wars and shifting miner profit to protocol users.
Noteworthy Links
Leading DeFi Projects, wallets, and exchanges invest to bring Solidity to zkSync
Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’
💸 Venture Financing
1kx and Spartan Group co-led the $4M round for DeFi options protocol, SIREN Markets.
The Bitcoin-based protocol, Sovryn, raised $10M in token sales.
Unslashed Finance raised $2M in funding for a crypto insurance company.
FinNexus completed a $1.5M round of financing.
Zaki Manian’s Sommelier Finance had raised $3.5M to help DeFi Investors avoid impermanent losses.
Alchemix announced a $4.9M raise, led by investors including CMS, Alameda and e-Girl Capital.
Maple Finance had raised $1.4M for a reputation-based DeFi lending platform.
Tally raised $1.5M to boost on-chain governance in the compound’s DeFi ecosystem.
Vega closed a $5M raise, with investment from companies like Arrington Capital, Cumberland DRW, and Coinbase Ventures.
Bounce Finance had raised a funding round including investors like Coinbase Ventures, Pantera Capital, and Blockchain Capital to build a NFT Auction House.
The Ethereum scaling and security startup StarkWare raised $75M in Series B funding, led by investors Paradigm and others.
The Blockchain data provider, Covalent, had raised $2M to better decentralize its platform.
Genesis Shards raised $2.7M in an attempt to create a new pre-IDO market, using DeFi NFT options.
Charm had raised seed investment from investors, including Divergence Ventures, DeFiance Capital, and Delphi Ventures.
The crypto venture firm Dragonfly Capital had launched a $225M fund to invest in DeFi, NFT, and more.
Investors had poured $239M into the Integral platform on the launch day.
NFT Market SuperRare has raised $9M from investors like Mark Cuban, Samsung, and more.
Gro had raised $7.1M in seed investment in an attempt to make DeFi more accessible.
Element Finance had raised $4.4M to bring more liquidity to fixed rate income and interest markets.
Upcoming DeFi Events
Scaling Ethereum - 09 Apr 2021 - Online
Open Web Community Conference - 16 Apr 2021 - Online
Ethereum in the Enterprise 2021 - 22 Apr 2021 - Online
DeFi Connected - 05 May 2021 - Online
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