Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between November 5th and November 12th, 2023.
Welcome to the 169th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between November 5th and November 12th, 2023.
🔥 The DeFi Bulletin
JPMorgan rolled out programmable payments with its JPM Coin.
Arbitrum DAO approved a proposal to activate token staking.
The Graph is set to roll out blockchain data services like AI-assisted querying.
Sushi is now live on Filecoin.
Flashbots’ co-founder announced a Telegram trading bot named “Alfred.”
Evmos is planning to deprecate Cosmos transactions, signaling a possible Ethereum alignment.
Mantle and Ondo Finance launched an RWA-backed $USDY yield token.
Lightspeed Faction launched a $285M VC fund aimed at early-stage startups.
Llama raised $6M in funding from investors, with investors including Polygon and Aave founders.
Stackr, a scaling startup, raised $5.5M in seed funding.
Pimlico secured $4.2M in seed funding, with the round led by a16z.
Sock, a self-custodial app, launched with $3M in seed funding.
💵 State of the Stablecoins
Raft was exploited for $3.3M, with the stablecoin’s value decreasing 50%; the hacker also lost money in this drop, however.
Circle released v2.2 for $USDC and $EURC stablecoins, including improvements like increased security, lower gas fees, and more.
Wintermute and NEAR are fighting over the failed $USN stablecoin.
StablR announced its €3.3M seed funding round, hoping to further build out its euro-based stablecoin and business.
💎 NFT News
Thanks for reading, and be sure to catch the 170th issue of The Defiprime Post out this time next week!