Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between July 4th and July 11th, 2021.
Welcome to the 50th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 4th and July 11th, 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
Chainswap was recently exploited for $8M, with the hacker market dumping the tokens.
The London hard fork and EIP-1559 are scheduled to occur around the date of August 4th. It’ll reduce ETH supply with a burning basefee on each transaction.
A group of crypto lobby groups have recently called for ‘well-balanced’ approaches to regulating DeFi.
Aave is to reportedly launch permissioned deployment for institutions in July, with Aave Pro supporting BTC, ETH, AAVE, and USDC pools.
The Graph have recently launched the Decentralized Data Economy, with a Graph Explorer, Subgraph Studio, and curation on the network going live, and anyone can curate data.
0x and Brave have partnered so that Brave can power their Brave Swap with the 0x API, to enable token trades directly from your Brave wallet.
Yearn Vaults have now recently expanded to Enzyme Finance, allowing access for Yearn Vaults on another platform.
Wondering about the possibility of fixed rates? Teddy Woodward of Notional Finance recently did an interview, explaining how Notional is trying to introduce fixed rates to crypto and a new set of use cases in DeFi. Find out here.
The DeFi investing platform, Zerion, has raised $8.2M in Series A funding, led by Mosaic Ventures.
Solrise Finance, a decentralized asset management protocol on Solana, has recently closed a $3.4M funding round.
UMA has raised $2.6M with the token being sold to a small group of DeFi enthusiasts. Raise was structured with so-called range token - a new treasury primitive that enables DAOs to access funds and diversify their treasury without directly selling their native tokens
The DeFi Protocol, Tranches, has raised $1.5M in a seed funding round, led by investing firms Three Arrows and Spartan.
Beta Finance has recently announced that Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital have partnered with them as strategic investors.
💱 DEX Report
DEX PancakeSwap’s token has jumped 15% in value over 24 hours, amid their burn event.
Balancer has recently launched their Stable Pools, which aim to bring lower fees and improved value to all traders.
💵 State of the Stablecoins
The USDC Stablecoin Backer, Circle, is to go public that values it at $4.5B in a SPAC Deal.
💎 NFT News
The sales volume of NFT has surged to $2.5B in the first half of 2021, from just $13.7M in the first half of 2020.
Thanks for reading, and be sure to catch the 51st issue of TheDefiprime Post out this time next week! 👋♦️👋