Cryptocurrency Analysis and News Portal
In the wake of the spectacular failure of centralized exchanges such as FTX, both crypto natives and investors have increased their focus on decentralized finance (DeFi) and security. Quasar is aiming to address these issues by creating a dedicated layer 1 protocol that will allow investors to deposit funds into
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Venture capital firm Shima Capital led the round at a $70 million valuation. Source
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The funding round was co-led by North Island VC, Distributed Global and Pantera Capital. Source
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On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its v4 update. The firm cites the Cosmos blockchain's decentralization and performance as reasons for being
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The re-launch as “Crescent” comes after Gravity DEX struggled to establish itself as a larger player within the broader Cosmos ecosystem. Source
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According to Daniel Hwang, head of protocols at Stakefish, which runs a validator for Juno, members of the Juno community are trying to figure out who would have been motivated to execute the attack for no obvious financial gain. According to Hwang, token holders are pointing fingers at potential culprits
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Osmosis relies on smart contracts instead of middlemen to execute trades between users. Much of its value proposition, however, arises from its future plans. The DEX aims to expand to other blockchains, such as Ethereum, as well as blockchains compliant with the Inter-Blockchain Communication (IBC) protocol. Original Source
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The creators of the Tendermint-based Terra suite of stablecoins are opening a fund to foster its tokens’ usage anywhere people are doing decentralized finance (DeFi) – and that primarily means Ethereum.Announced Thursday, Terraform Labs has launched a $10 million fund, Terraform Capital, to drive integrations of either its dollar-pegged stablecoin,
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