Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between May 9th and May 16th, 2021.
Welcome to the 42nd 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 9th and May 16th, 2021.
Want more in-depth knowledge? We have communications over at our Telegram channel @defiprime. Check out defiprime’s latest news, interviews, guides and more with daily updates.
🔥 The DeFi Bulletin
xToken got recently exploited for $25M.
More than $1.8M was stolen from BSC’s PancakeSwap lottery pool.
After their attack, Rari Capital has allocated more than $26M from their developer fund to compensate the victims.
According to a report from CipherTrace, more than $156M was stolen in DeFi hacks just this year.
The Maker Foundation Company is focusing on its dissolution at the earliest for December 31st, 2021, as the next step for decentralization.
Want to know about the best Polygon DeFi Projects and its ecosystem? Find out here.
Binance is to reportedly list Shiba Inu (SHIB) in their innovation zone.
AKITA, SHIB, and a few other dog-themed tokens were sending LP tokens to Vitalik Buterin wallet in a kind of marketing gesture. Then VB dumped these tokens and donated profits to charity.
Tether has detailed their reserve composition for the very first time.
Opium Protocol and their turbos have gone live on BSC.
Wall Street traders are finding new leases and using old tricks in the crypto market.
Elon Musk’s appearance on SNL didn’t help the value of DOGE, and definitely didn’t help his public appearance.
Curve has recently begun discussion on further expansion of sidechains and L2s.
Huobi Group’s Investment Arm has dedicated more than $100M to DeFi investment.
The Brooker Group, a listed financial consultancy, is to invest almost $50M in DeFi and dapps.
dTrade has closed a $6.4M seed investment round with Three Arrows Capital, Polychain, and more.
The Polkadot-centric derivatives exchange has raised more than $6.4M in seed investment funding.
The founders of Deribit are leading a $2.5M round for a decentralized referral network, Attrace.
💱 DEX Report
The DEX aggregator ParaSwap has raised more than $3M in a seed extension round.
Balancer V2 also launched this week, after a year in development.
The DOGE-USD Perpetual market has recently gone live on a Layer 2 at dYdX.
💎 NFT News
Binance is announcing Binance NFT, a large NFT Marketplace launching in June of 2021.
Sky Mavis Series A has raised more than $7.5M so that they can scale Axie Infinity and NFT gaming to millions of users.
JennyDAO has raised $7M to acquire and fractionalize many NFT Collections.
Thanks for reading, and be sure to catch the 43rd issue of The Defiprime Post out this time next week! 👋♦️👋
Excellent information. Got improving my knowledge in Defi.