Welcome to the latest edition of our newsletter, where we dive into the world of decentralized finance (DeFi) and explore the ever-evolving landscape of blockchain-powered financial solutions. In this issue, we bring you the latest updates, trends, and insights from the rapidly expanding realm of DeFi, where traditional financial systems are being disrupted and reshaped by decentralized protocols. From decentralized exchanges and lending platforms to yield farming and governance models, we aim to keep you informed about the exciting developments, opportunities, and challenges in this revolutionary space. Join us as we unravel the potential of DeFi and its profound impact on the future of finance.
🔗 Noteworthy Links
Ethereum mainnet finalization issues for 25 minutes, Post-Mortem
a16z urges the UK to consider a more nuanced regulatory framework
$crvUSD deployed on Sepolia testnet, redeployed a day afterward
Neigut predicted a ‘Cambrian Explosion’ of Bitcoin L2 protocols
Former OpenSea executive was convicted of NFT Insider Trading
Novel Canto Block Explorer
Uniswap weighs enriching token holders and liquidity pool fees
Synthetix founder wants to buy back and burn millions of $SNX tokens
An Introduction to Web3 with Implications for Financial Services
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).
💸 Venture Financing
FARE Protocol, a crypto firm, raised $6.2M in funding before its token launch.
Temasek, a Singaporean state-owned firm, has denied a $10M investment in the algorithmic currency system Array.
Cetus completed its seed funding round at the start of the month, raising an undisclosed amount of funding.
Credibly Neutral, a new VC firm, secured $5.5M in funding.
Portals, a DeFi aggregator, closed a $2M seed funding round.
OpenTrade announced its $1.5M funding round, aiming to use the funds to build structured crypto financial products.
AlienSwap raised $12M in funding, hoping to build the leading NFT trading layer.
Pudgy Penguins, an NFT project, secured $9M in funding.
Artifact Labs announced its $3.25M funding round, with Blue Pool Capital and Animoca Brands leading the round.
Blockworks closed a $12M funding round, with the media firm holding a $135M valuation.
Odsy Network, a wallet developer, raised $7.5M in funding.
Dolomite closed a $2.5M funding round, aiming to revolutionize decentralized money markets and hedging.
Asymmetry Finance secured $3M in funding, joining the liquid staking market.
Red Beard Ventures announced its $25M funding round, with Animoca Brands leading the round.
Mask Network announced its own investment in TON in the middle of May.
Wormhole secured $50M in funding for its cross-chain ecosystem fund.
Dispersion Capital launched a $40M venture fund for web3 infrastructure.
Moondance Labs closed a $3M seed funding round.
Openfort raised $3M in funding for a frictionless web3 gaming wallet.
Fastlane, a VC, secured $2.3M in funding.
Transak, a payments firm, announced its $20M funding round.
🗓️ Upcoming DeFi Events
Prague DeFi Summit - 06 Jun 2023 - Prague, Czech Republic
DeFi Security Summit 2023 - 15 Jul 2023 - Paris, France
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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