Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 191st issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between April 14th and April 21st, 2024.
🔥 The DeFi Bulletin
Avi Eisenberg was convicted of fraud due to his $110M trading scheme.
OKX launched its new L2 on the mainnet, aiming for 50M users on-chain.
Worldcoin seems to be building an L2 chain.
CoinGecko released its 2024 Q1 report.
Ondo Finance unveiled its Noble integration, bringing tokenized treasuries to the Cosmos ecosystem.
Multis Team is collaborating with Safe to build cross-chain smart wallet infrastructure.
Heroglyphs, an Ethereum protocol, took inspiration from Bitcoin mining for its solution to token distributions.
Parcl, a Solana-based betting platform, lost 40% of its TVL after its airdrop.
Puffer Finance, an Ethereum liquid restaking protocol, raised $18M in Series A funding.
Centrifuge secured a $15M investment, hoping to create institutional RWA lending.
Homium, a project hoping to tokenize home equity loans, closed a $10M funding round.
Blast DEX Thruster raised $7.5M in seed funding, holding a $70M valuation.
Usual Labs raised $7M in funding, with the round co-led by Kraken Ventures and IOSG Ventures.
Nebra announced its $4.5M seed funding round, with the round co-led by Nascent and Bankless.
Ord.io announced its $2M pre-seed funding round, hoping to use the funds for Runes expansion.
Merlin Chain secured an undisclosed amount of funding.
Check out our airdrop page.
💵 State of the Stablecoins
The recently unveiled Lummis-Gillibrand Payment Stablecoin Act prohibits unbacked, algorithmic stablecoins.
💱 DEX Report
Drift is set to airdrop 100M tokens to users.
💎 NFT News
Thanks for reading, and be sure to catch the 192nd issue of The Defiprime Post out this time next week! 👋♦️👋