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Tag: DeFi

DeFi futures and options exchange Zeta raises $8.5m

Zeta Markets (“Zeta” or “the Platform”), a cutting-edge decentralized finance (DeFi) futures and options exchange built on Solana, today announced that it completed a $8.5M strategic funding round led by Jump Capital.

The round, conducted via private token sale, had participation from Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime, and SkyVision Capital. This raise comes off the back of…

With the metaverse, NFTs and DeFi on the rise, Ethereum miners rake in $2 billion in revenue — a…

Ethereum mining saw revenue of nearly $2 billion in November.This is the seventh consecutive month that revenue from mining for Ethereum has been higher than the returns from Bitcoin mining.One of the reasons for the boost in Ethereum mining fees is the jump in demand for validating transactions as the hype around NFTs, the metaverse and DeFi continues to build.High gas fees may not be a good thing for users trying to push transactions through on the Ethereum blockchain, but miners are more than happy raking in the big bucks. According to research by The Block, Ethereum mining revenue…

Will Reach Full-Scale Interoperability And Expand Into DeFi In 2022

Lisk Enters New Development Phase: Will Reach Full-Scale Interoperability And Expand Into DeFi In 2022

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Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services

Source: AdobeStock / RealPhoto Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon’s cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.Some commenters have questioned whether a decentralized protocol that relies on services from a centralized corporation is really decentralized.”Time to retire “decentralized finance”. We aren’t decentralized, the old guard will keep trying to use it as their…

Jelurida & Accenture Team Up To Develop Mainstream Blockchain-Integrated Business Models

Jelurida, a Swiss-based blockchain software company, is the name that is making significant strides in capturing a piece of the rapidly growing blockchain industry and expanding its capability to real-world use cases.2021 has become a year of promises, with a slew of blockchain-based initiatives and crypto-focused trends such as Decentralized Finance, NFTs, and Metaverse.Despite initial objections, high-profile firms and businesses are embracing the technology and working to incorporate it into their business model.In some ways, blockchain is constantly evolving the business model. In…

DeFi And Metaverse Cross-Chain Aggregator Company XY Finance Raises $12 Million

XY Finance recently announced it raised $12 million. These are the details.
XY Finance — a rapidly growing blockchain company — announced that it has raised a $12 million funding round led by investors including Circle Internet Financial, Infinity Ventures Crypto, Mechanism Capital, TRON Foundation, Morningstar Ventures, Yield Guild Games Ventures, Block Capital, and Animoca Brands. The full consortium includes more than forty investment firms.
This funding round also comes as XY Finance is about to conduct its Initial DEX Offering (IDO) on December 9.
Through a…

Asia’s Richest Man is Bullish on Blockchain

His comments come as India prepares to introduce a new bill in parliament to regulate the crypto sector.
Blockchain and DeFi, or decentralized fiance, will level the playing field in finance, Indian billionaire businessman Mukesh Ambani said at the Infinity Forum this week.
«Today it still is a world where large companies get easier finance and small companies don’t get easier finance, and the same thing with people, and I think that will change,» Ambani said.
«Great Democratizer»
The chairman of Reliance Indistries, a conglomerate that includes energy, petrochemicals, natural gas,…

What Is a Smart Contract?

Welcome to the third installment of PYMNTS’ eight-part series on DeFi!
Over the coming days be looking at every part of decentralized finance — the biggest, hottest, most rewarding and risky part of the blockchain revolution.
At the end of it, you’ll know what DeFi is, how it works, and the risks and rewards of investing in it.
See Part 1: What is DeFi?
See Part 2: What Are the Top DeFi Platforms?
So, you want to know what a smart contract is, and why you should care?
Well, start with this. Smart contracts are what turned crypto into an industry.
Bitcoin may be the largest and…

SiennaSwap adds Bitcoin, Monero trading pairs in push for privacy-focused DeFi

Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies. Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna token, chief evangelist Monty Munford confirmed with Cointelegraph. The decision to incorporate Bitcoin and Monero transactions follows a “huge amount of requests for additional yield options” from both…

SERUM’s Edward Zuo: The Future of DeFi on Solana

Project Serum aspires to become a fully-fledged financial ecosystem that brings unprecedented speed and very low transaction costs to the world of Decentralized Finance (DeFi). At its core sits a decentralized exchange (DEX) which is designed around a fully on-chain central limit order book and matching engine.
Partners of Serum’s ecosystem can compose with this on-chain order book to share liquidity and match orders for both retail and institutional users.
Serum was originally founded by Sam Bankman-Fried (SBF) – CEO at one of the leading centralized crypto exchanges…

Metaverse DeFi Protocol Rikkei Finance Lists on Huobi and PancakeSwap Following Dual IDO and IEO

Further to a recent announcement, Rikkei Finance launched its dual IDO and IEO for its native governance token today, quickly selling out. Currently, Rikkei’s native token, $RIFI, is live trading on both Huobi and PancakeSwap.
Rikkei Finance is a metaverse DeFi protocol, built on Binance Smart Chain, that enables safe and secure open lending offering cross-chain support, NFT collateralization, and peer-to-peer insurance cover. The long-awaited IDO started alongside Rikkei Finance’s IEO, having previously been postponed since August.
It follows a successful $5.6 million fundraising…

Spool’s LBP and the Promise of Accessible Yield Optimization

Yield optimization platforms have become one of the hallmarks of the DeFi industry. The problem with most of these solutions, however, is that they’re not accessible to everyday users. While at the core of their functionality is the ability to automate yield farming operations, they don’t always deliver on user experience nor composability.
This is the need that Spool is looking to meet. The new project has recently announced a December 13 Fair Launch using Balancer’s Liquidity Bootstrapping, or LBP, via the Copper platform. The project will distribute 5% of its total…

BIS urges regulation of DeFi

The central bank of central banks is worried about “decentralized finance.”The Bank for International Settlements, an umbrella group for central banks, said in a report this week that it’s concerned there’s a “decentralization illusion” in DeFi.DeFi is a rapidly-growing part of the cryptocurrency market that promises to deliver traditional financial products like loans and savings accounts without involvement from regulated middlemen such as banks.But regulators are increasingly concerned about platforms offering DeFi services that may not be as “decentralized” as advertised.”What we found…

The decentralization in DeFi just an illusion, BIS says

Dive Brief:
The Bank for International Settlements (BIS), in its Quarterly Review published Monday, encouraged policymakers to step in and regulate decentralized finance (DeFi) before it potentially picks up steam and becomes more heavily linked with the traditional finance market.
The report cited high leverage, liquidity mismatches, interconnectedness and the absence of shock-absorbing capacity traditionally offered by banks as major vulnerabilities plaguing the DeFi ecosystem, and grounds for regulation.
“There is a ‘decentralisation illusion’ in DeFi…

Bumper’s Dec 9 Public Token Sale Brings Price Protection to DeFi

Even with the entry of giants such as Tesla and Square into cryptocurrency, the industry remains a volatile place for traders and investors. With over $100 billion currently locked in DeFi protocols, black swan events and flash crashes, such as the one seen in May 2021, continue to present a risk to anyone with money in the rapidly growing market.Bumper Finance introduces an innovative protocol enabling users to battle the roller coaster rides of volatility that exist in the markets; the protocol’s native BUMP token plays a central role in price protection and a public sale of the token…

How to choose a secure DeFi wallet, explained By Cointelegraph

The SafePal wallet is designed to address simplicity with a consolidated dashboard and cross-chain swapping features to support users with staking, amongst other earning opportunities.
SafePal is providing users with a solution that operates as a completely non-custodial decentralized crypto asset management platform. The solution comprises a software and hardware wallet for users both simply and conveniently, targeting users who are still reluctant to participate in DeFi.Learn more about SafepalContinue Reading on Coin Telegraph
Disclaimer: Fusion Media would like to remind you that…

XenophonDAO has benchmarked competitive products against Olympus DAO

XenophonDAO based on DeFi 2.0 is a decentralized reserve asset protocol. It was officially launched on November 10, 2021, in California, USA. The platform is created with the aim to establish a currency system that is not governed by policies or any artificial or centralized institutions. Since the launch XenophonDAO team is continuously working and the project is largely attracting users’ attention. Recently, XenophonDAO had benchmarked competitive products against Olympus DAO (OHM).
XenophonDAO- A platform built by the community and DAO
Xenophon is a decentralized reserve asset…

dYdX Founder Wants Leading DeFi Protocols to Aggressively Utilize DAO Treasuries for Growth

Antonio Juliano, the 28-year-old founder of crypto derivatives exchange, dYdX, says that DeFi protocols are missing out on a great opportunity for growth when they don’t capitalize on the large amounts of funds sitting in their DAO treasuries.

Juliano said this through a thread he posted on Twitter, identifying that there is a good opportunity for enormous growth for a protocol that is going to figure out how to effectively use funds into growth programs.

So far, DAO community treasuries are being criminally underused across the space 😕Whichever protocols…

Is inSure DeFi (SURE) a Bad Investment Monday?

InvestorsObserver analysis gives inSure DeFi a high risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

InvestorsObserver is giving inSure DeFi a high Risk/Reward Score. Find out what this means to you and get the rest of the rankings on inSure DeFi!

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Some of the Most Exciting Opportunities in #DeFi and How NFTs Factor Into That

Nasdaq published this video item, entitled “Some of the Most Exciting Opportunities in #DeFi and How NFTs Factor Into That” – below is their description.DeFi Technologies CEO Russell Starr joins Jill Malandrino on Nasdaq #TradeTalks to discuss some of the most exciting opportunities in #DeFi and how NFTs factor into that. #2022OutlookNasdaq YouTube ChannelGot a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

LaCucina to Launch its DeFi Engagement Platform on BSC By CoinQuora

LaCucina to Launch its DeFi Engagement Platform on BSC

LaCucina is planning to launch on Binance Smart Chain (BSC)
Its engagement enhancing system includes four points: External Farming, Rewards Multiplier System, Cooking Up Dishes, NFT Avatars
LaCucina plans to even the playing field through a just and equitable manner

LaCucina, a DeFi engagement layer platform, is preparing to launch on the Binance Smart Chain (BSC). They will be the pioneering team on the blockchain to offer the general public a way to get more excited about DeFi.
With its state-of-the-art, engagement-enhancing…

Missed Out on Ethereum? My Best Cryptocurrency to Buy Now and Hold

Ethereum (CRYPTO:ETH) went live in 2015, becoming the world’s first cryptocurrency powered by a programmable blockchain. In simple terms, that means the platform is more than a decentralized payments system.
Ethereum’s programmability makes it possible for developers to write code and build self-executing computer programs (smart contracts) on the platform. And those smart contracts form the core of decentralized applications (dApps), including decentralized finance (DeFi) products.
Why does that matter? Like all crypto transactions, DeFi products…

Real World DeFi and NFT Platform – Nairametrics

Venture capitalists have bet big on crypto start-ups in 2021, investing more than $27 billion globally as of late November, more than the previous 10 years combined, according to PitchBook.
Many of the investments were made by the venture capital arms of crypto companies, businesses whose continued growth will depend on the ecosystem expanding
FarmBit joins the list of top promising blockchain startups from Africa backed by CryptoLife Capital, a cryptocurrency asset portfolio investment and management platform.
The asset-backed financing platform recently received $240k seed…