Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 130th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between January 29th and February 5th, 2023.
🔥 The DeFi Bulletin
Stargate is to reissue $STG tokens following the Alameda wallet hack.
The Uniswap DAO voted to select Wormhole as their bridge provider for deployment on the BNB chain.
a16z used 15M tokens to vote against Uniswap deploying on the BNB chain.
Everland Finance, a Solana lending project, recently shut down, citing a liquidity crunch.
Lyra, an options AMM, was recently deployed on Arbitrum.
Centrifuge, a lending protocol, has accrued $6M in debt.
MakerDAO revenue fell by 42% in 2022, per the shrinking lending market.
Rally, a social token project, shut down its Ethereum side chain, leaving some users' assets in purgatory.
Buffer recently launched on the Arbitrum mainnet, alongside an announcement for their referral program.
Archimedes, a DeFi marketplace, closed a $4.9M funding round.
Port3 announced a $3M seed funding round, with the round led by KuCoin Labs.
Rysk Finance raised $1.4M in funding, aiming to spearhead market-making for derivatives.
💱 DEX Report
The DEX Dexalot started a new hybrid subnet on Avalanche.
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).
💎 NFT News
Fungify secured $6M in funding, aiming to build a new NFT lending primitive.
Thanks for reading, and be sure to catch the 131th issue of The Defiprime Post out this time next week!