New DeFi Products
Pontoon Finance
Pontoon Finance is a cross-chain liquidity mirror protocol that offers users one-click liquidity mirroring across many chains, including ETH, BSC, POLYGON, and more, enabling liquidity mirrors to unlock underutilised assets without need for intermediaries.Opium Bridge Protection
Opium Bridge Protection is a decentralized insurance for a variety of side-chain bridges, and aims to give you a high APR for the same risk.IDEX Hybrid Liquidity
IDEX Hybrid Liquidity is a combination of the best features of both orderbook and AMM DEXs, and pushes the boundaries of what’s possible by fusing pools with a high performance trading engine and also traditional orderbook. \oSushi
oSushi is a tokenomic proposal for SushiSwap, that is mainly proposed to allow the user to lock SUSHI for 1-4 months to receive oSushi, control emissions across ecosystem products in the future, allows you to vote on Onsen allocations, and more.Malt Stablecoin
Malt is an algorithmic stablecoin that aims to achieve a capital-efficient token that can be pegged to any value, for example, $1.Binance NFT
Binance NFT is, according to Binance themselves, a groundbreaking NFT Marketplace that is launching in June of 2021, and attempts to become the premier destination for NFTs and digital collectibles across all mediums.MiningDAO
MiningDAO is a protocol with goals of making block production on the Ethereum chain transparent, trustless, and more decentralized.$DESK
$DESK is CoinDesk’s new token rewards program, and allows CoinDesk conference attendees to earn $DESK beta reward tokens and redeem them for items and experiences.$GTC
$GTC is Gitcoin’s new governance token, and is completed by two crucial components that allow it to be decentralized and build an equitable protocol.JPG
JPG (no, not the image format) is a registry-based media curation protocol that brings together collectors, curators, and artists so that artists can find collectors.Divergence
Divergence is a decentralized platform for volatility-based derivatives, and offers traders the chance to gain volatility exposure to decentralized assets.
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:
Revert Finance, which provides actionable analytics for DeFi liquidity providers✅
QuickSwap, a permissionless decentralized exchange, based on Polygon Layer 2 scalability infrastructure✅
Interviews with DeFi projects
Privacy-preserving smart contracts - what are they? Find it out in our interview with the cofounder of Secret Network, Can Kisagun.
Noteworthy Links
Ever wondered how B.Protocol’s User Liquidity Mining Program works? Find out here.
Explanation of Uniswap and the rise of DeFi, by Hayden Adams
💸 Venture Financing
Secret Network raised $11.5M to further privacy and app development.
Multicoin Capital announced a $100M fund to invest in DeFi, NFT, and other decentralized projects.
Formation Fi raised $3.3M in strategic sales from DeFi Unicorns.
Drops closed a $1M private funding round so they could create new value for NFTs.
Charged Particles had raised $1M in 10x over-subscribed seed rounds.
Paradigm, and 3LAU had backed a $7.6M raise for a NFT Social Network.
The NFT Startup RTFKT raised $8M in seed funding, led by A16Z.
Lido, a ETH2 staking project, had raised $73M, led by Paradigm.
Bansky Burners raised $3M to build an NFT Platform on the Solana chain.
Upshot’s NFT Apprasial Protocol raised $7.5M from the CoinFund framework.
The Dapp List raised $1.7M to build a multi-chain ecosystem for web3 adoption.
The DEX aggregator ParaSwap had raised $3M in funding, led by Blockchain Capital and more.
The Brooker Group prepared a fund of almost $50M to invest in Defi, and Dapp startups.
DAO had raised $7M to acquire and fractionalize many NFT collections.
Deribit founders had led a $2.5M funding round for a decentralized referral network called Attrace.
dTrade had closed a $6.4M seed funding round earlier this month.
The Huobi Group’s Investment Arm dedicated $100M in funding to DeFi.
A Polkadot-centric derivatives exchange raised $6.4M in seed funding.
The DeFi Dashboard Zapper raised $15M to build an On-Platform App Store.
MCDEX closed a $7M investment led by investors like Alameda Research and Delphi Ventures.
The Flux Protocol raised $10.3M in seed funding so they could build DeFi Infrastructure on NEAR.
Lossless completed a $2.245M Private Sale Round, with some decent traction.
Meme.com, a platform which pairs memes with their own token, raised $5M from capital funds.
After Circle got a $440M fundraise, they are considering a SPAC deal.
Set raised a $14M Series A led by funds like 1kx and Hashed.
Balancer Labs partnered with Key Investors for $24.25M in token purchases.
Upcoming DeFi Events
The Conference.NFT - 17 Jun 2021 - Online
HackMoney - 18 Jun 2021 - Online
Ethereum Community Conference 4 - 20 Jun 2021 - Paris, France
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