DeFi
Fantom Commits $314M in FTM to Boost Ecosystem Development
Projects are rushing to claim a piece of the DeFi pie with hundreds of millions in incentives, but not all implementations are equal.

Polkadot’s Parallel Finance Raises $22M at $150M Valuation
The startup wants to become a DeFi “brand” across multiple blockchains.

Celo Taps Aave, Curve, Sushi and More in $100M DeFi Incentive Program
The phone-focused proof-of-stake chain is betting big on user adoption in collaboration with Ethereum’s top DeFi platforms.

Avalanche Added to DeFi Exchange Aggregator OpenOcean
The trading portal is adding Avalanche to its mix of networks.

DeFi Protocol Cream Finance Hacked for Second Time This Year
The attacked drained just over $25 million of AMP tokens and ether.

Solana, Boosted by Move Into NFTs, Enters List of Top 10 Cryptocurrencies by Market Cap
Institutional demand for SOL has increased in recent weeks.

Market Wrap: Bitcoin and Stocks Rise on Dovish Fed
Bitcoin returns above $48,000 as risk rally continues.

DeFi Protocol Tranchess Surpasses $1B in Total Value Locked in Two Months
The project has been rising quickly in DeFi Llama’s rankings of DeFi platforms.

RLY Holders Approve Social Token Platform’s Decentralization Plan
The proposal’s 36 voters unanimously backed Rally’s plan to spawn a venture studio, an Asia-focused affiliate and other new entities.

A16z Details Its New Approach to Crypto Governance
Perhaps the most powerful force in decentralized finance (DeFi) governance, venture capital (VC) giant Andreessen Horowitz (a16z), said it would “open source” its DeFi delegation procedures. The move comes after a pair of controversial votes in Uniswap’s DAO governance system.

