Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between May 30th and June 6th, 2021
Welcome to the 45th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 30th and June 6th, 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
Solana has raised more than $450M to attempt to challenge Ethereum.
DeFi protocols reportedly generated more than $370M in revenue just in May.
Dragonfly and Scalar are backing a new startup that calculates DeFi “credit scores”, which users can use to prove their creditworthiness.
DeFi is also helping fuel the crypto market boom by a lot, and also helping the volatility of the market.
BadgerDAO and Polygon are partnering to bring Bitcoin crosschain.
Gnosis’ client development team joined Erigon, formerly named Turbo-Geth, to release a new next-gen ETH client.
The crypto credit treating firm, Credmark, has pivoted to modeling protocol risks.
The 0x Protocol API, which aims to make it easy for DeFi devs to tap into liquidity, went live on Polygon recently.
Ever wondered about the Euro stablecoin and the new token issuance protocol? Find out here.
Composable Finance closed a more than $7M funding round with key strategic investors.
Impossible Finance raised $7M from a very long list of institutions and angel investors, as a Ycombinator of DeFi.
Lithium recently raised $5M for bringing pricing data for illiquid, non-public assets to DeFi.
Octane also closed a $1.7M investment in seed and private funding rounds.
Sherlock Protocol raised $1.5M in a pre-seed round so they could create a new model to protect DeFi users from smart contract exploits.
💱 DEX Report
DexGuru launched on Polygon recently.
Balancer Labs recently partnered with many key investors to complete a new round of $24.25M in $BAL token.
💎 NFT News
The crypto exchange FTX launched a platform for buying and selling NFTs recently.
The Pandora Protocol raised $2.4M from Industry heavyweights so they could bridge more off-chain assets to Open Finance with NFTs.
Thanks for reading, and be sure to catch the 46th issue of The Defiprime Post out this time next week! 👋♦️👋