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Synchrony, an on-chain asset management protocol built on the Solana blockchain, has raised $4.2 million in strategic funding to further the development of its decentralized finance (DeFi) configurable indices.The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations as it attempts
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Decentralized finance (DeFi) insurance protocol Solace, which provides coverage policies for Aave, Compound and Uniswap among others, has gone live after eight months of development and four months on the Ethereum Rinkeby and Kovan testnets.The protocol provides compensation for losses by managing risk using assessment based on analytics instead of
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Element Finance, a decentralized finance (DeFi) fixed rate protocol, closed a $32 million Series A funding round at a $320 million valuation, the DeFi project announced on Tuesday.Polychain Capital led the round. Previous investors Andreessen Horowitz (a16z), Placeholder, A.Capital Ventures and Scalar Capital participated in the round, which also included
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The IDO season is not over yet. The past few months we have witnessed busy days as the crypto community was burdened with filling whitelisting forms and participating in community initiatives of upcoming IDO projects. The current state remains the same. This new DeFi energy project, IOEN, is fully invested
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French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and the submission aims to utilize the DAI stablecoin to refinance a covered bond concept. Societe Generale
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Through the integration of IPFS storage technology, a token incentive mechanism and DAO governance model, EpiK Protocol creates a global, open, autonomous community with four core capabilities of trusted storage, trusted incentives, trusted governance and trusted finance. It allows global community users to work together at an extremely low management
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Connext, a platform based on the Ethereum blockchain that allows users to conduct transactions across different Ethereum-based networks, announced the launch of NXTP, a tool that allows communication between different blockchains and their offshoots, known as layer 2 systems and sidechains.The launch comes two months after Connext raised $12 million
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Decentralized mortgage lender Bacon Protocol officially launched on Tuesday, allowing cryptocurrency investors to participate in the housing market through a new stablecoin that’s backed by USD Coin (USDC) and home loans. In addition to launching its protocol, Bacon announced Tuesday that it is holding a public sale of bHome token, which
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One of the threats that the crypto community face is the attack of cybercriminals. Many exchanges, projects, and apps often face one vulnerability exploitation or the other. Recently, BSC-based cross-chain pNetwork lost at least $12.7 million of tokenized Bitcoin to attackers. They have joined the many networks targeted and exploited by
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