Gelato Network launches ‘G-UNI’ Uniswap v3 management token
The new system will rebalance Uniswap v3 positions every half hour, allowing users to reap additional fees with less single-sided liquidations. Go to Source Powered by WPeMatico
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Bitdao Collects $230 Million in Private Capital From Investors
As the decentralized finance movement proves its staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi R&D, Funding, & Liquidity As decentralized finance (defi) slowly regains its footing following the May … Read more
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit. Go to Source Powered by WPeMatico
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools. Go to Source Powered by WPeMatico
New DAO launches after $230M funding round including Peter Thiel, Alan Howard
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit. Go to Source Powered by WPeMatico
Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’
On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes that “no one … Read more
As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
Alchemix and Yearn.Finance appear to be squaring off with Curve and PoolTogether, but for now there appear to be harmonious solutions. Go to Source Powered by WPeMatico
DeFi exchange dYdX raises $65M in Series C fundraiser
The dYdX platform allows users to trade perpetual contracts with exposure to various crypto markets. It claims to have built the fastest decentralized exchange through layer-two solutions. Go to Source Powered by WPeMatico
B.Protocol announces v2 platform for DeFi liquidations
B.Protocol says v2 will optimize liquidations of “big debt” with significantly smaller capital requirements on decentralized finance lending platforms. Go to Source Powered by WPeMatico
Algorand (ALGO) price strengthens as institutional investors back the project
Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week. Go to Source Powered by WPeMatico