Recap of DeFi Space, November 2023
Hello DeFi Trailblazers!
🍂 As we step into the brisk and bustling month of November, it's our pleasure to present you with the latest edition of DeFi Digest. In a world where the leaves are shedding and the days are getting shorter, the decentralized finance sector continues to experience a constant sunrise of innovation, growth, and exciting developments.
🔥 This month's issue is packed with deep dives into the latest DeFi trends, comprehensive analyses of emerging technologies, and insights into the shifting landscapes of blockchain finance. From the rise of cross-chain protocols to the evolution of DeFi insurance, we’re covering the spectrum to keep you at the forefront of this ever-evolving space.
💡 November has been a remarkable month in DeFi, marked by significant milestones, the launch of cutting-edge platforms, and a strengthened community focus. We’ve seen DeFi platforms not just surviving but thriving amidst the global economic shifts, reinforcing the resilience and adaptability at the core of decentralized finance.
🌟 Among the highlights, we will be exploring innovative yield farming strategies, breakthroughs in decentralized governance models, and the integration of AI and machine learning in DeFi analytics. We're also keeping a close eye on regulatory developments, ensuring you stay informed and ahead in this dynamic landscape.
🍁 As the year begins to wind down, the pace of innovation in DeFi shows no signs of slowing. We are excited to bring you the latest and most impactful stories, providing a beacon through the complexities and opportunities of November’s DeFi world.
Thank you for your continued engagement and enthusiasm. Here's to another month of exploring, learning, and growing together in the vibrant world of decentralized finance!
Warm regards,
The Defiprime Team
🔗 Noteworthy Links
Frax Finance regains control over domain after hijack attempt
KyberSwap appeared to have lost $47M in an exploit; Recovers $4.7M
Qredo down to six months of operation, and has cut 50% of staff
Aave pauses V2 on Ethereum, freezes certain assets on V3 per an issue
Arbitrum Governance approves initial vote on activating token staking
Bloomberg: DeFi is becoming less competitive a year after FTX
What is Milkman? CoW Swap’s solution for Delayed Execution Trading
dYdX starts paying trading rewards following governance vote
💸 Venture Financing
Kana Labs raised $2M in seed funding, hoping to use the funds to fuel its growth and expansion.
According to a Wu Blockchain report, the quantity of VC funding rounds and the funds invested in each round have reached new lows.
Llama secured $6M in funding, with the round led by the founders of Polygon and Aave.
StablR, a Euro stablecoin startup, closed a $3.5M seed funding round.
Pimlico raised $4.2M in seed funding, with the round led by a16z.
Stackr, an Ethereum scaling startup, announced its $5.5M seed funding round.
Lightspeed Faction launched a $285M crypto VC fund.
Napier Finance secured $1M in funding.
Glacier Network closed a $2.9M seed funding round, aiming to use the funds to deliver programmable data composability for trustless data primitives.
Kinto, a startup, raised $5M in funding.
Uniblock, a San Francisco/Toronto-based startup, announced its $2.3M funding round.
Taproot Wizards secured $7.5M in funding for its Ordinals project.
Panoptic closed a $7M funding round, hoping to build a perpetual options platform.
De.Fi raised $5M in funding, with OKX and Binance leading as investors.
Privy announced its $18M Series A funding round, with the round led by Paradigm.
IntentX secured $2.5M in seed funding.
MYX closed a $5M seed funding round, with the round led by Sequoia Capital.
Setter raised $5M in seed funding, with a16z leading the round.
Coinchange, a yield platform, announced its $10M funding round.
Grove, an infrastructure provider, secured $7.9M in funding.
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