DeFi

DeFi Digest: Alpha Homora and Shell Protocol

DeFi Digest: Alpha Homora and Shell Protocol

Quick Take Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, …

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Equilibrium, a Polkadot-based project for cross-chain DeFi, raises $5.5 million

Equilibrium, a Polkadot-based project for cross-chain DeFi, raises $5.5 million

Equilibrium, a Polkadot-based, cross-chain decentralized finance (DeFi) project, has raised $5.5 million.  Sharing the news exclusively with The Block on Thursday, Equilibrium said the money was raised via a new “token swap” method, in which investors exchanged their old tokens with new ones. Specifically, Native Utility Token (NUT), from Equilibrium’s EOS-based product line, was exchanged …

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Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

As the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains. Adding to this trend, Polkadot-based Reef Finance has closed a $3.9 million seed funding round for its cross-chain suite of DeFi services, the company announced Wednesday. Included …

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Aave becomes second DeFi protocol to hit $1 billion in total value locked

DeFi protocol Aave launches new governance framework on mainnet

DeFi lending protocol Aave has launched its new governance framework on the Ethereum mainnet, the Aave team announced on Friday.  Aave Governance was previously run on the Kovan and Ropsten testnets, where users could trial vote on Aave Improvement Proposals (AIPs) that would be used to further develop the token. With the launch on mainnet, …

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First Mover: Bitcoins Hit Exchanges as Bloomberg Touts Crypto and DeFi Hedge Fund Seeks $50M

First Mover: Bitcoins Hit Exchanges as Bloomberg Touts Crypto and DeFi Hedge Fund Seeks $50M

The upcoming U.S. presidential election has become one of the most contentious in history, fraught with searing divisions over everything from the economy to race to the continued health of democracy itself.   So it’s not surprising that Wall Street options traders are now pricing in expectations of elevated market volatility around the November election. Analysts for the …

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New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin (BTC) and other non-Ethereum assets. The product, called Harvest and built on the Kava blockchain, allows users to stake their crypto so it can be lent out to other users. Harvest will initially support deposits of BTC, BNB, BUSD and …

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Ethereum under pressure from DeFI; Can Bitcoin capitalize?

Ethereum under pressure from DeFI; Can Bitcoin capitalize?

2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had …

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