Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between May 21st and May 28th, 2023.
Welcome to the 146th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 21st and May 28th, 2023.
🔥 The DeFi Bulletin
Jimbos Protocol was exploited for $7.5M three days after its V2 launch.
WDZD Swap was exploited for $1.1M.
An ex-CFTC commissioner has stated that $ETH can be a commodity and security.
Hong Kong is letting retail investors trade crypto per new rules.
Aave is considering a proposal to expand into the Coinbase Base network.
Synthetix's founder wants to buy back and burn $SNX tokens.
Astaria, an NFT lending platform led by an ex-Sushi CTO, has gone live.
Lyra is launching an improved version of its protocol on Optimism.
Voltz, a protocol, has launched SOFR swaps on Avalanche.
Dispersion Capital has launched a $40M venture fund for web3 infrastructure.
Moondance Labs has closed a $3M seed funding round.
Openfort has raised $3M in funding for a frictionless web3 gaming wallet.
Fastlane, a VC, has secured $2.3M in funding.
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).
💵 State of the Stablecoins
💱 DEX Report
An influx of traders are heading to DEXs for memecoins, ahead of their listing on centralized exchanges.
Vega Protocol has activated on-chain trading for decentralized derivatives.
Thanks for reading, and be sure to catch the 147th issue of The Defiprime Post out this time next week! 👋♦️👋