DeFi
Terra’s 25-Fold Price Jump This Year Shows Growing Bet on Algorithmic Stablecoins
The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
Cryptocurrency Custodian Anchorage Adds Five More DeFi Tokens
In a further sign of "institutional DeFi" momentum, the regulated custodian is adding 1INCH, BNT, CRV, REN and SUSHI.
Decentralized Exchange Aggregator 1inch Network Expands to Polygon
The move will provide 1inch users access to liquidity sources on Polygon, like SushiSwap and Aave.
JPMorgan and Other Banks Plan to Issue Credit Cards to People With No Credit
A pilot program launched by JPMorgan and several major banks will issue credit cards to people with no credit scores. Instead of credit scores, the U.S. banks will share other customer data, including bank statements and other banking habits. "The Hash" panel discusses how it's connected to crypto and how traditional finance is changing in response to DeFi.
Hedge Fund Giants Millennium, Matrix and Point72 Standing Up DeFi Funds: Sources
DeFi is booming and institutions are edging towards it, trying to figure out how to get a slice of the alpha.
Polkadot-Based Derivatives Exchange Raises $6.4M at $50M Valuation
Su Zhu’s Three Arrows co-led the funding round for dTrade. The project looks to decentralize crypto derivatives trading.
Crypto App Alice Raises $2M for US-Centric Terra DeFi Portal
Backed by Arrington Capital, the app will try to replicate host blockchain Terra’s South Korea successes in the U.S.
Huobi Group's Investment Arm Dedicates $100M to DeFi, Mergers
Huobi Ventures will consolidate the firm's investment strategy.
DeFi Protocol xToken Suffers $24.5M Exploit
The protocol said minting has been paused on all contracts while an investigation takes place.
Slingshot Picks Ethereum Layer 2 Polygon for Full Launch
Trading on Ethereum will be added further down the line, said CEO Clinton Bembry. But for now, “insane transaction fees” were effectively pricing people out of DeFi.
