Category: Protocol

DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol

DeFi startup Balancer Labs rolls out latest version of its automated market-making protocol

Decentralized finance (DeFi) company Balancer Labs has launched Balancer V2, the second version of its automated market-making protocol. Balancer V2, which has been in the works for over a year, features a new user interface, lower gas costs, and an updated community multisig, among other updates. According to the Balancer Labs team, the platform’s new […]

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Enso raises $5 million to build decentralized social trading platform

Enso Finance, a project aimed at creating a dedicated social trading platform on the Ethereum network, has raised $5 million. Leading the round were VC firm Polychain Capital and the Dfinity Beacon Fund. The funding round involved participation from companies like Multicoin Capital, P2P Capital, and Spartan Group, as well as angel investors from Synthetix, […]

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Monday market decline triggered second-highest amount of liquidations in DeFi space’s history

Monday morning’s market fall triggered the second-highest amount of DeFi-related liquidations in the ecosystem’s history, according to available data.  In total, out of the more than $24.1 million worth of liquidations, approximately $13.7 million came from DeFi protocol Compound. Aave saw the second-highest number in liquidations, making up about $5.4 million of the total.  The […]

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Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

Balaji Srinivasan, Gitcoin co-founder back $750K seed round for decentralized notification system on Ethereum

The team behind a decentralized notification protocol Ethereum Push Notification Service (EPNS) has raised $750,000 at a valuation of $5 million, the startup announced on Tuesday.  The India-based service received backing from several investors in the web3 ecosystem,  including former Coinbase CTO Balaji Srinivasan, former head of smart contracts at MakerDAO Mariano Conti and Gitcoin […]

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