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“# Yearn Finance reveals ‘Coordinape’ decentralized grant distribution platform ” Yield vault protocol Yearn Finance has revealed today the details of “Coordinape,” a new platform for distributing the $40,000-per-month Yearn DAO community grants budget — just one initiative in a wider effort to further decentralize Yearn’s governance. Yearn founder Andre Cronje — who said in…
“# Ren price rallies 40% after adding LUNA, SOL and FTM to its ecosystem ” The cryptocurrency sector has emerged as a hot topic on the global stage in 2021 thanks in large part to the growth of decentralized finance and non-fungible tokens which have caught the general public’s attention. Throughout the sector there is…
“# Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher ” High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors. In addition to the development of lucrative secondary markets…
“# DeFi platforms Zapper and Aave announce Polygon sidechain integrations ” As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today. Both lending protocol Aave…
“# Kava launches Hard V2 to become first full lending protocol in the Cosmos ecosystem ” Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain. The Kava 5.1 upgrade…
“# New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher ” On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. This is a major step in the…
“# Delta Exchange completes $5M token raise following investments from DeFi players ” Delta Exchange, a cryptocurrency derivatives platform, has successfully concluded a $5 million private sale of its native Delta Exchange Token (DETO), setting the stage for wider adoption of its retail derivatives marketplace. Some well-known names in decentralized finance, or DeFi, participated in…
“# Flamingo (FLM) TVL rises as Ethereum gas solutions remain elusive ” Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers…
“# Pantera Capital backs Liquity Protocol’s $6M Series A funding round ” DeFi lending platform Liquity Protocol has secured $6 million in Series A funding to expand its on-chain borrowing services, underscoring the continued growth of cryptocurrency loans. The funding round was led by Pantera Capital, a crypto-focused venture capital firm, with additional contributions from…
“# Kakao’s Klaytn expands NFT offerings to OpenSea following 800% quarterly growth ” Klaytn, the blockchain project of South Korean tech giant Kakao, has partnered up with NFT marketplace OpenSea to bring a non-fungible token market to its platform. Klaytn is a smart-contract platform developed by Kakao’s blockchain wing, Ground X, which will develop its…