Your Weekly DeFi News in Bite-Sized Fashion
Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between February 26th and March 5th, 2023
Welcome to the 134th 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 26th and March 5th, 2023.
🔥 The DeFi Bulletin
MyAlgo, an Algorand wallet, was the subject of a $9.6M exploit.
Robinhood recently received a subpoena request from the SEC and the California Attorney General’s office.
Uniswap’s wallet is barred from releasing on Apple’s App Store.
Multicoin Capital’s Hedge Fund reportedly lost 91.4% last year, according to an investor letter.
Liquid staking has replaced lending as the second-largest crypto sector.
Hashnote, an institutional startup, is the first to emerge from Cumberland Labs, a web3 incubator.
The Lido community was participating in preliminary voting for a software snapshot planned to be the V2 upgrade of Lido.
Iron Bank told Alpha Homora to take ownership of their $30M bad debt.
The Blockchain Founders Fund has raised $75M in funding, hoping to encourage mass adoption of web3.
The hosts of the Bankless Podcast have raised $35M for a venture fund.
Mangrove has secured $7.4M in Series A funding, hoping to enable market makers to operate without locked capital.
Ether.Fi, a non-custodial liquid staking platform, has closed a $5.3M funding round.
Portal, an infrastructure startup, has raised $5.3M in funding.
Term Labs announced their $2.5M seed funding round, with the round led by Electric Capital.
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
Coinbase is to halt trading of $BUSD due to not meeting their listing standards.
💎 NFT News
Insrt, an NFT finance protocol, has secured $2.2M in a SAFT round.
Thanks for reading, and be sure to catch the 135th issue of The Defiprime Post out this time next week! 👋♦️👋