Latest news

  • This Week in DeFi – May 22nd

    To Our DeFi Community,
    Another week in the books chock-full of progression and innovation! This Week in #DeFi @UniswapProtocol launches V2 @argentHQ rolls out DeFi update @UMAprotocol releases first synthetic token @TheRealBlockFi experiences data breach @WrappedBTC surges on Ethereum
    — DeFi Rate (@DefiRate) May 22, 2020 This week featured the launch of two new, key products for the DeFi ecosystem. First and foremost, one of Ethereum’s favo… … More

  • This Week in DeFi – May 15th

    To Our DeFi Community,
    Another promising week for DeFi is in the books.
    The week kicked off with ErisX launching the first US-regulated futures on ETH. While ErisX futures contracts aren’t the most widely traded, the key takeaway is that the CFTC will allow Ether-based futures contracts to launch legally in the US.
    Importantly, these are physically-settled futures contracts, meaning that the contracts require the digital delivery of ETH when the contracts expire – rather than the cas… … More

  • This Week in DeFi – May 8th

    To Our DeFi Community,
    Another exciting week in the world of DeFi.
    Late last week, we saw MakerDAO elect to support WBTC as a collateral type featuring a 1% stability fee with a 10M debt ceiling. While many ETH enthusiasts are worried about the adoption of other assets into the Maker protocol – thus taking away from the value proposition of ETH as trustless collateral – the addition of WBTC may have negligible effects on the stability protocol. According to DeFi Pulse, there’s … … More

  • This Week in DeFi – May 1st

    To Our DeFi Community,
    Another week in DeFi officially in the books!
    The most notable event this week was UMA – the permissionless derivatives and synthetic assets protocol – launching an Initial Uniswap Offering. For those that missed it, the offering deposited 2% of the 100M UMA supply into Uniswap along with roughly $500k in ETH, allowing anyone to participate. As a result, the token distribution event saw massive demand as UMA tokens were quickly soaked up from the open market. W… … More

  • This Week in DeFi – April 24th

    To Our DeFi Community,
    Another week in the world of DeFi in the books! Per usual, it’s been filled with excitement and innovation.
    The week started off with a bang as dForce – the Multicoin-backed Chinese DeFi startup – was hacked for $25M. The attacker leveraged what’s called a “reentrancy attack” via the ERC777 token standard which also allowed for the imBTC Uniswap exploit just a day prior. The attack comes the same week the dForce team closed their strateg… … More

  • This Week in DeFi – April 17th

    To Our DeFi Community,
    It’s been another thrilling week in DeFi. We saw two prominent projects, 0x and Gnosis, each announced new decentralized exchanges (DEXs), Compound launch its community governance, along with the first-ever ENS-backed loan.
    In addition, despite the global economic turmoil, DeFi VCs haven’t skipped a beat. First, we saw Atomic Loans – a DeFi platform for lending Bitcoin and receiving DAI or USDC loans – raise $2.45M led by Initialized along with part… … More