DeFi

Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices
The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations.

‘Bridge Szn’ Continues With $2M Raise for Stablecoin Connector Symbiosis
Blockchain.com Ventures is leading an investment in a different type of cross-chain bridge.

Polychain Leads $23M Bet on Startup Streamlining DeFi Portfolio Management
Sommelier uses a cross-chain network of validators to manage Uniswap v3 positions.

Wormhole Adds User Interface Support for Terra’s Network
The move allows users to port digital assets between multiple blockchains without “double wrapping” Terra tokens.

DeFi Protocol Element Finance Raises $32M in Series A Round
Polychain Capital led the round, which also included Andreessen Horowitz and other previous investors.

PsyOptions Raises $3.5M for Options Liquidity Mining and NFT Derivatives
A Solana-based options platform from a pair of twin brothers has raised $3.5 million in an initial funding round.

DeFi Insurance Protocol Solace Goes Live
Insurance claims will be automatically validated, and payouts will be made in a single transaction.

DeFi Is Like Nothing Regulators Have Seen Before. How Should They Tackle It?
Without middlemen to deputize, the SEC and other regulators will have to rethink their approach to enforcement. A lot could go wrong.

Market Wrap: Ether Outperforms Bitcoin as Traders Look to Altcoins
Analysts see strong fundamentals for alternative cryptocurrencies.

Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit
While institutional investors have largely ignored the SHIB coin, the meme-token is rising thanks to its grassroots community.

