DEFI
What is DeFi?
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
bloXroute Raises $70M in Series B Funding to Speed up DeFi transactions
As a critical infrastructure provider for quick decentralized finance (DeFi) trades on Ethereum, Polygon, and Binance Smart Chain, bloXroute has raised $70 million in Series B funding to boost its quest of reducing latency on blockchain networks.
White Star Capital Announces Second Digital Asset Fund Anchored by Ubisoft
Multi-stage investment platform, White Star Capital, has announced the first close of its second Digital Asset Fund (DAF II), with backing from top investors like Ubisoft.
Ethereum Layer-2 Protocol Boba Network Values at $1.5B following $45m Funding
Boba Network, an Ethereum-based Layer-2 protocol Optimistic Rollup scaling solution, has successfully completed its Series A funding round in which it pulled as much as $45 million from investors.
DeFi Technologies Inc's Subsidiary Valour Owns over $274m in AUM
DeFi Technologies Inc announced Wednesday that its subsidiary Valour records $274 million in assets under management (AUM).
Interoperability Protocol LayerZero Labs Secures $135m Investment
Decentralized full-chain interoperability protocol LayerZero Labs has secured a $135 million investment co-led by Sequoia Capital, FTX Ventures and Andreessen Horowitz.
Axie Infinity's Home Ronin Network Suffers Over $600m in another DeFi Hack
The Ronin Network has suffered what is being tagged as the largest hack in the history of Decentralized Finance (DeFi) which funds in excess of $625 million carted away by the hackers.
Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund
To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.
Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity
To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.
Cake DeFi Floats $100M Venture Fund for Web3.0
Cake DeFi, a Singapore-based decentralized finance investment platform, has launched its new $100 million venture capital arm.
Yearn Finance Founder Andre Cronje Allegedly to Stop Contributing to DeFi
Andre Cronje, the renowned blockchain developer who came to the limelight with the establishment of Yearn.Finance is allegedly going to stop contributing to Decentralized Finance (DeFi) and cryptocurrencies in general.