Tag: DeFi

CMS Trading leads $1.3 million fundraise for Ethereum-Polkadot bridge

CMS Trading leads $1.3 million fundraise for Ethereum-Polkadot bridge

ParaState — a project that offers Ethereum developers access to the Polkadot blockchain — has raised $1.3 million in a seed fundraising round, the firm told The Block.  Led by CMS Trading, the funding round included participation from Kenetic Capital, FBG Capital, and JRR Capital, according to a press statement. The firm raised at a […]

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Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown

Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown

PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such as lending and borrowing, leveraging and investing. Lendefi is an innovative second-generation DeFi lending protocol that allows lenders to earn interest on stablecoin deposits, and for borrowers to obtain undercollateralized loans (UCLs) to invest in popular digital assets. The main advantage of Lendefi […]

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These Ethereum DeFi tokens have 100x potential, according to Lark Davis

Ethereum DeFi token with a market cap of less than $200 million could rise up to 100 times, according to Lark Davis. According to the YouTuber, the lending protocol Aave has the strongest fundamentals in the DeFi sector. Crypto trader and influencer Lark Davis has released another video for investors looking to make “real gains.” […]

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Decentralized derivatives exchange dYdX raises $10 million in Series B

Decentralized derivatives exchange dYdX raises $10 million in Series B

Decentralized derivatives exchange dYdX has raised $10 million in Series B funding. Announcing the news on Tuesday, dYdX said the round was led by Three Arrows Capital and DeFiance Capital, with participation from Wintermute, GSR, Scalar Capital, and others. Existing investors, including a16z and Polychain Capital, also backed the round. With fresh capital at hand, […]

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Ethereum (ETH) approaches its ATH as on-chain data suggests continued uptrend

Ethereum (ETH) approaches its ATH as on-chain data suggests continued uptrend

An increased outflow of Ethereum reserves from exchanges suggests that the ETH price could double in the short term. DeFi sector governance tokens could offer the highest profit opportunities. Close to retaking its all-time high, Ethereum‘s price has outperformed Bitcoin recently. Therefore, analysts are bullish while the indicators point to an extension of the uptrend […]

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Ethereum ATH Pushes Staked ETH to $4 Billion, Novogratz Targets $2,600

Ethereum prices reached their highest ever levels during Monday morning’s Asian trading session, coming just shy of $1,500. Bigger price predictions have been made by some of the industry’s top players. A few hours ago, several exchanges including Binance reported their highest ETH prices at around $1,475 but the asset has retreated a little since […]

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