DeFi
Binance’s BNB Chain to Offer New Decentralized Storage System
BNB Greenfield’s test net will be released over the next few months, according to the project’s white paper, released Wednesday morning.
DeFi Outlook in 2023
Decentralized derivatives exchange dYdX COO George Zeng discusses his outlook on DeFi in the coming year and how decentralized exchanges may be impacted as regulators narrow their scrutiny over recent bankrupt centralized exchanges like FTX. Plus, insights on navigating the crypto winter.
DeFi Marketplace Archimedes Raises $4.9M in Seed Round Led by Hack VC
The decentralized finance lending and borrowing platform is launching in February.
Original Terra Lending Protocol Mars Hub Deploys Mainnet, Issues Airdrop
The protocol will initially be rolled out on Osmosis, Cosmos' largest decentralized exchange.
Cardano-Based Djed Stablecoin Has Attracted 27M ADA Tokens as Reserve Backing
Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing.
DeFi Liquidity Protocol Squid Raises $3.5M Round Led by North Island Ventures
The Axelar-based protocol connects users with cross-chain assets for borrowing and lending.
Structured Finance Platform Intain Opens Tokenized Marketplace for Asset-Backed Securities
The marketplace will be built as an Avalanche Subnet.
NFT Marketplace Sudoswap Airdrops Tokens to Liquidity Providers and 0xmon Holders
SUDO holders can vote on on-chain governance proposals, and the tokens are initially non-transferrable.
Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret
The allegations from the head of Nomad, a LayerZero competitor, come just before Uniswap votes on whether to partner with LayerZero.
DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement
The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.
