Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between February 19th and February 26th, 2023.
Welcome to the 133rd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between February 19th and February 26th, 2023.
🔥 The DeFi Bulletin
Jump Crypto counter-exploited a hacker for $140M.
Hope Finance recently suffered an exploit, losing $2M taken from user funds.
Galois Capital has shut down, after losing $40M to the FTX scandal.
WalletConnect's V1 will shut down on June 28, 2023.
Polygon Labs has cut its staff by 20%.
Ethereum developers have scheduled the Shanghai upgrade on the Sepolia testnet for February 28th.
ConsenSys is looking at notification service refinement with its Hal acquisition.
Eclipse, a rollup provider, has launched a software to allow Solana apps to be compatible with Polygon.
Swarm recently launched tradable stocks and bonds on DeFi.
Perennial went live on Arbitrum.
Synthetix V3 also went live on Ethereum.
The TON Blockchain has frozen $2.6B worth of inactive tokens, around 20% of their supply.
Blocto, a wallet, has closed a $80M Series A funding round.
Beldex has raised $25M in funding, with DWF Labs leading the round.
Chaos Labs has raised $20M in seed funding, aiming to automate on-chain risk optimization.
Huma Finance has secured $8.3M in funding, hoping to enable borrowing against future income.
Sentio closed a $6.4M seed funding round, with Lightspeed leading investment.
TipLink has announced its $6M funding round, with the round co-led by Sequoia and Multicoin.
Kaito, an AI-powered engine, has secured $5.3M in funding.
Affine Protocol has closed a $5.1M funding round, aiming to develop DeFi yield offering.
Gateway.fm has raised $4.6M in funding, with Lemniscap leading the round.
$Factor, an Arbitrum-based project, has closed a $4M funding round.
Renegade has secured $3.4M in funding, with Dragonfly leading the round.
Tsunami Finance announced its $1.3M pre-seed funding round.
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
Frax Finance has voted to fully collateralize its $1B stablecoin.
💎 NFT News
A lawsuit over NBA Top Shot Moments being considered unregistered securities could affect the NFT market.
Blur has gained traction over OpenSea for the time being, with Blur recording $1.04B in volume compared to OpenSea's $479M.
Thanks for reading, and be sure to catch the 134th issue of The Defiprime Post out this time next week! 👋♦️👋