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DeFi

USDC Launches on Hedera Hashgraph

  • The stablecoin will open the door to large scale development in the area of decentralized finance (DeFi) on the network.
  • USDC, the second largest stablecoin on the market, is now available on six different blockchains, including Ethereum, Algorand, Solana, Stellar, TRON, and Hedera.

SEBA Bank Enables Users to Earn Yields on Crypto

  • The new SEBA Earn product will enable customers to earn yields from proof-of-stake protocols such as Polkadot, Tezos and Cardano.
  • Institutions will also have access to DeFi programs, in addition to centralized lending and borrowing of BTC and ETH.

Staking Platform Stader Completes $4M Seed Round

  • Stader Labs aggregates DeFi protocols and applications into a simplified staking solution for delegators in order to maximize their returns.
  • The new funds will help the platform expand its product offering, as well as add support for a variety of blockchanns, including Solana, Ethereum, Polkadot, and others.

MetaMask Partners With Custodians BitGo, Qredo, Cactus

  • The institutional offering of MetaMask, which partnered with the three custodians, will offer the same functionalities as the standard wallet.
  • Launched back in December, MetaMask Institutional aims to provide institutional investors with access to the DeFi market.

Dharma Integrates 1inch Network to Power Swaps

  • The 1inch API has been fully integrated into the Dharma wallet.
  • The integration will increase the number of tokens the wallet supports by several thousand.

Social Token Platform Roll Raises $10M in Series A

  • The $10 million Series A was led by IOSG Ventures, and saw participation from Huobi Ventures, Alchemy, Audacity, and others.
  • The funds will help Roll expand its team and technical capabilities.

EMURGO Launches $100 Million Cardano Investment Fund

  • The fund will invest into early startup and growth-stage companies building on Cardano.
  • It will consist of two separate subsidiaries—EMURGO Africa and EMURGO Ventures.

Trading Platform eToro Launches DeFi Portfolio

  • DeFi is one of over 60 portfolio eToro offers.
  • It provides investors with ready-made exposures to some of the most popular DeFi tokens, including ETH, UNI, LINK, MATIC, and COMP.

Crypto Wallet Cobo Raises $40 Million to Launch New Offering

  • The round was led by DST Global, A&T Capital, and IMO Ventures.
  • Cobo will use the investment to expand its DeFi-as-a-Service (DaaS) offering.

1inch Network Launches on Arbitrum One

  • The 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Arbitrum One.
  • The extension will provide users with lower costs and higher transaction speeds.