DeFi
BlockTower Capital Launches $25M Fund to Invest in DeFi Projects
The fund will facilitate investment in a wider range of longer term, more illiquid assets, Axios reported March 4.

Bitwise Launches DeFi Index Fund
Asset manager Bitwise has recently launched a DeFi index fund, which has pulled in over $30 million in sales over the past two weeks. Matt Hougan, Bitwise's chief investment officer, explains the use case for DeFi and how the average retail investor can understand decentralized finance.

DODO DEX Drained of $3.8M in DeFi Exploit
The decentralized finance platform said it expects $1.88 million of the stolen funds to be returned.

Next Step for Institutional DeFi? Institutional NFTs
Ethereum-friendly custody firm Trustology is now supporting NFTs for lending and collateralizing.

Digital Assets Firm Taurus Integrates Aave Protocol to Improve Banking Access to DeFi
Taurus Group said it has integrated the Aave Protocols’ version 1 and 2.

Coinbase, Naval, Framework Ventures Back $19M Raise for a Capital-Efficient Stablecoin
The soon-to-launch Fei Protocol would mint stablecoins by simply selling them directly to users.

Paid Network Exploit Mints Attacker 60M Tokens: Report
The PAID token is down some 70% as of press time on the news.

Aave Founder Joins Variant Fund as a Venture Partner
Stani Kulechov will remain at the helm of Aave while also helping Variant source deals and work with founders.

DeFi Divorce: Yearn Cancels Tie-Up With Cover Protocol
Yearn added that yVault depositors who have purchased Cover protection will be unaffected.

DeFi and Staking Insurance Startup Unslashed Raises $2M
Experimental crypto zones like DeFi and staking are seeing an influx of insurance products, but not as we know it.

