Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between April 11th and April 18th, 2021.
Welcome to the 38th 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 11th and April 18th, 2021.
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🔥 The DeFi Bulletin
According to a report, Big crypto VC deals have already doubled in 2021 compared to the full year of 2020.
The decentralized organization 0x DAO, created by ZRX holders, has fully gone live.
Theta Vaults, an option to earn high yield on ETH through running automated call strategies, has gone live.
Gicoin has grown its treasury to accelerate open-source developers to earn while building projects.
ConsenSys has fully closed its $65M funding round led by large investors like JPMorgan, Mastercard, and more.
The DeFi mutual fund, Sheesha Finance, has raised $9.4M to make decentralized finance more accessible to the mainstream.
For those involved with Nerve Finance, they have recently secured a funding round led by investors like Three Arrows Capital, CMS, Alameda Research, and more.
Reportedly, Huobi DeFiLabs has invested in Antimatter, a service with the goal of delivering innovative on-chain options for products across the DeFi ecosystem.
Defiant Media has reportedly raised $1.4M in a pre-seed round to build a Financial Information Platform for Web3.
Binance has led a $1.6M seed round for the DeFi startup MOUND, also known as the developer of Pancake Bunny.
Enso Finance has raised $5M with the goal of enabling composable trading and social trading strategies in DeFi.
The DeFi tracker Step Finance has raised $2M from investors in the Solana Ecosystem.
The dVIX protocol has secured funding to develop volatility indexes on the Ethereum blockchain.
Coin98 Labs, a DeFi arm of Coin98, has raised a seed round led by investors including Hashed, ParaFi, Multicoin, Spartan and more.
BENQI has closed a $6M strategic round, to fund its goal of creating algorithmic liquidity markets on Avalanche.
The cross-chain Aggregation protocol, O3 Swap, has secured a $2M investment.
Pendle has raised $3.7M from leading investors, with the goal of creating the next layer of DeFi Yield Markets.
💱 DEX Report
Traders interested in Uniswap and Aave should know that the dYdX exchange has now listed Uniswap and Aave markets on their platform.
The Crypto DEX MakiSwap has raised $1.4M from leading investors to build a Yield Farming platform, along with a AMM exchange, on Heco.
For users of ShapeShift, they have recently launched new, decentralized native bitcoin trading through integration with the THORChain.
💎 NFT News
MEME v2 has officially been released.
The USPS has planned to support postage tokens, digitally stamped on ePostage labels and the physical item being mailed.
A mysterious, yet known digital artist Pak has recently launched an NFT burning platform, named burn.art, along with a token named ASH.
Thanks for reading, and be sure to catch the 39th issue of The Defiprime Post out this time next week! 👋♦️👋