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2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say
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“Price Feeds complete a critical component of Moonbeam’s developer infrastructure, and that’s something that will lead to the development of future DeFi products,” Niki Ariyasinghe, global head of partnerships at Chainlink Labs, said in a message. Original Source
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Mangata Finance, the Polkadot-based DEX, is all set for launch on June 6th. Recently, it had a successful crowdloan that was closed in just under an hour that secured it a slot on Polkadot’s innovation network Kusama. Over $2 million in value was bonded through the crowdloan, a process of staking
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Manta Network, a privacy layer project for the Polkadot ecosystem, has completed a new funding round to continue scaling decentralized finance (DeFi) use cases by boosting blockchain privacy.Announced Tuesday, Manta Network’s latest $5.5-million funding round included participation from more than 30 venture funds, including crypto hedge fund CoinFund and alternative
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Decentralized finance (DeFi) continues to expand beyond Ethereum with the help of top-tier investors. Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital. Other investors in the funding round include 1confirmation, Arrington XRP Capital, ParaFi Capital,
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