Financial Industry News
Call it a “gentlecoin,” perhaps? A new decentralized finance (DeFi) project aimed at softening volatility has closed a $1.68 million seed round led by Paradigm, with participation from Standard Crypto, Compound founder Robert Leshner and Variant Fund, from a16z alum Jesse Walden. Reflexer Labs is building a new asset called rai (RAI) that’s meant to […]
Continue ReadingThe Chicago DeFi Alliance (CDA), which includes fintech firms Jump Trading, Cumberland DRW, CMT Digital, Volt Capital and others, is launching one of the first accelerator programs devoted entirely to decentralized finance (DeFi) startups starting in August.
Continue ReadingEthereum’s decentralized finance (DeFi) sector has undergone parabolic growth over the past few months. The value of coins locked in DeFi protocols has surged to a cumulative $4.25 billion for the first time ever. Simultaneously, the value of DeFi coins has gone parabolic. Many DeFi projects like Chainlink and Synthetix Network Token are up by […]
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Continue ReadingAmpleforth (AMPL) has been one of the top-performing cryptocurrencies over the past month. The asset, whose long-term price performance is measured by its market capitalization rather than its nominal price, gained ~5,000% in July. The asset has seen a steep correction over the past week as the focus of crypto investors has been on Bitcoin […]
Continue ReadingTo Bitcoin (BTC) proponents, the world’s need for a decentralized form of money is more apparent than ever, as challenges mount to government monopolies on money-printing and military force, from the U.S. to Uganda. It’s possible that this vision is attracting new investors into crypto, but this week’s price surge (notwithstanding the sudden bitcoin price whiplash at […]
Continue ReadingWhile Bitcoin and Ethereum have seen notable bounces since imploding on Saturday evening, Compound and other altcoins are underperforming. The Ethereum-based coin is down 7.5% in the past 24 hours as per data from Coin Market Cap. This comes in spite of the fact that decentralized finance (DeFi), which Compound is a market leader in, […]
Continue ReadingDeFi Dad is a DeFi super user sharing his money experiments and tutorials on Twitter and YouTube. He is an organizing member of the Ethereal Summit and Sessions, host of The Ethereal Podcast and a weekly contributor to The Defiant and Bankless. Ethereum has always been difficult to explain. Even the founders of Ethereum have […]
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