🆕 New DeFi Products
Rollkit
Rollkit is a modular framework for rollups, focusing on security, scalability, flexibility, maintenance, and more. Support for sovereign rollups on Bitcoin was recently introduced.gtcETH
gtcETH is a project that aims to allow users access to the top liquid staking tokens while those same users contribute to public funding.Avocado
Avocado is a new web3 project that simplifies UX in the crypto space. This is achieved through network, account, and gas abstraction. In addition, there are upcoming features like two-factor security.
❓ What's new at Defiprime?
Osmosis, an AMM protocol allowing the construction of customized AMMs✅
Convex Finance, a Curve staking platform✅
Aura Finance, a protocol built on Balancer to provide maximum incentives to Balancer liquidity providers✅
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
Powell: We Don’t Want to Strangle Crypto Innovation, but Sector is a Mess
$3.3B of Reserve Risk removed from $USDC, Dollar De-peg closes
Justin Sun sued by SEC on Securities and Market Manipulation charges
Changpeng Zhao and Binance sued by CFTC over trading, derivative violations
Wake-up call for DAO Treasury Management; USDC De-peg
SushiSwap: Sushi Legal Defense Fund; Sushi looking for $3M $USDT for legal defense fund
Paradigm: Due to SEC Inaction, Registration is not viable for crypto projects
Intro to the Principles and Architecture of Curve Stablecoin
MakerDAO considers emergency switch to prevent future depegs for $DAI
Options Series Part I:L An Overview of the Options Landscape
Must read: Defining Real and Fake DAOs
dYdX launches a private testnet of its Cosmos-based blockchain
💸 Venture Financing
The hosts of the Bankless Podcast have raised $35M in funding for a crypto venture fund.
Insrt, an NFT finance protocol, secured $2.2M in a SAFT round.
Multicoin Capital’s hedge fund lost 91.4% last year, according to an investor letter.
Scroll, an L2 network that uses zk-rollups tech, closed a $50M funding round.
Trevor Traina raised $25M in funding for a ‘goof-proof’ web3 superapp.
Tensor announced its $3M funding round, hoping to use the money for a Solana-focused NFT trading platform.
Mauve, a compliance-first DEX, closed a $15M funding round.
Gyroscope secured $4.5M in funding as the platform hopes to launch a stablecoin.
Cubist raised $7M in funding, aiming to build tools for developers.
Proven, a firm providing ZK-proof tech so firms can prove solvency, announced its $15.8M funding round.
ECSA, a stablecoin issuer, secured $3M in funding.
CNHC, a stablecoin issuer, announced its $10M funding round.
Soul Wallet, a project aiming to bring self-hosted wallets, raised $3M in funding.
Seed Club Ventures secured $25M in funding, aiming to use the money to fund DAOs.
Particle Network, a middleware platform, closed a $7M funding round.
Cega, a Solana-based derivatives protocol, raised $5M in funding.
Conduit, an Optimism-based startup, secured $7M in funding, with Paradigm as the lead investor.
EigenLayer announced its $50M funding round, even amid a crypto winter.
Hydra Ventures, an investment DAO, closed a $10M funding round, aiming to fund other DAOs.
Cega managed to raise $9.3M total, aiming to accelerate exotic structured products on-chain.
Polytrade secured $3.8M in funding, aiming to improve global trade.
🗓️ Upcoming DeFi Events
NFT.NYC 2023 - 12 Apr 2023 - New York City, US
DAO TOKYO - 13 Apr 2023 - Tokyo, Japan
Consensus 2023 - 26 Apr 2023 - Austin, US
EDCON 2023 - 19 May 2023 - MONTENEGRO
Next Block Expo Warsaw Summit - 24 May 2023 - Warsaw, Poland
Prague DeFi Summit - 06 Jun 2023 - Prague, Czech Republic
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
ETHMiami 2023 - 27 Oct 2023 - Miami, US
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Great job, once again!