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“# 1inch announces rebrand to ‘1inch Network,’ laying groundwork for expansion ” Decentralized finance platform 1inch announced today a rebrand to “1inch Network” — a facelift designed to better reflect the current and future state of the multi-chain, multi-protocol platform as it continues to grow, according to 1inch co-founder Sergej Kunz. “For us it is…
“# Reef Finance aims to simplify DeFi investing through Baskets protocol ” Reef Finance, a DeFi ecosystem powered by Polkadot, has released a new investment product aimed at helping passive investors gain access to a broader portfolio of cryptocurrencies. Reef Baskets V1 is described as an “Ethereum-based framework for deploying collections of DeFi tokens” and…
“# Ether price takes on Bitcoin — What’s behind the sharp rise in demand? ” Breaking new all-time highs, the recent price action of Ether (ETH) took the crypto market by storm and signaled an official start to alt season. Several analysts are predicting that Ether will surpass its previous all-time high of $2,130 and…
“# Equilibrium raises $2.5M to secure support for Polkadot parachain bid ” Equilibrium, a Polkadot-based decentralized finance project and parachain candidate, has raised $2.5 million from a number of venture funds primarily involved in the Polkadot ecosystem. Heavy Polkadot backers like KR1, Signum Capital and Hypersphere Ventures joined Equilibrium’s round. Other participants from the general…
“# C.R.E.A.M. launches Iron Bank flash loans, eyes cross-chain capital efficiency ” In a press release today, C.R.E.A.M. Finance announced a new feature for (and, by proxy, an unofficial relaunch of) Iron Bank, the protocol-to-protocol lending platform designed for flash and undercollateralized loans. C.R.E.A.M., which founder Leo Cheng describes as “the yolo-est Compound fork,” is…
“# ChainSwap raises $3M from investors including Alameda Research and NGC Ventures ” Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry. In an April 7 announcement, ChainSwap stated that it raised the funds…
“# Kyber Network introduces Uber-style surge pricing for DeFi token swaps ” Decentralized exchange Kyber has launched a Dynamic Market Maker, or DMM, in what it claims is a world first. The new platform, which was announced on April 5, has been designed to optimize fees and enable extremely high capital efficiency for liquidity providers….
“# Developer-focused DeFi aggregator Instadapp launches governance token ” In a blog post yesterday, decentralized finance (DeFi) management and protocol aggregator platform Instadapp announced the launch of their governance token, INST. While not currently transferable by the average user, the token is set to go fully live later in the year to coincide with a…
“# AllianceBlock brings DeFi product suite to Avalanche ” AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming “Internet of Finance” protocol. Once completed, the product integration will allow users to access AllianceBlock’s DeFi Investment Terminal, P2P financial services, nonfungible token capabilities and KYC solutions…
“# Fei Protocol struggles with a bug as holders are mostly unable to sell the token ” Wednesday’s crypto market correction put a heavy burden on the FEI project, the latest attempt at creating an algorithmic stablecoin that would remain stable in the face of market turbulence. Due to the particular mechanics of the protocol,…