With $8.5M in Funding, Can Strips Finance Make DeFi Derivatives Click?
The funding round for the Arbitrum-based platform included Sequoia Capital India and Multicoin Capital.
With $8.5M in Funding, Can Strips Finance Make DeFi Derivatives Click?
Strips Finance has raised $8.5 million to launch a new derivatives platform in November that will initially enable interest rate swaps (IRSs) via automated market makers (AMMs), the decentralized exchanges over which much of DeFi is transacted. CEO Ming Wu shares insights into the launch as part of the latest effort to overcome the ecosystem-wide reluctance in DeFi to embrace more complex financial instruments.
XDEFI Releases Cross-Chain Wallet for DeFi, NFTs
The Chrome extension aims to compete by offering access to blockchains not available on MetaMask.
Binance Dedicates Another $1B to Smart Chain Project
Binance’s latest move came as a number of other new Ethereum-alternative projects are also dedicating hundreds of millions of dollars in incentives.
DeFi Perpetuals Exchange Futureswap Launches New Version After $12M Funding Round
Framework Ventures, Ribbit Capital and Placeholder.vc are backing a project that taps into existing liquidity pools on Uniswap.
Airdrop Ethics: VC Firm Draws Ire Following $2.5M Ribbon Finance Exploit
The DeFi community has once again found itself embroiled in a debate concerning the nature of on-chain ethics.
NFT Rentals: Why VCs Are Backing a Puzzling New Project
Animoca Brands is leading a $1.5 million bet on reNFT, a year-old DAO that lets you rent out NFTs on the Ethereum mainnet.
‘Self-Repaying Loan’ Platform Alchemix to Expand Collateral Types, Strategies
A DeFi platform with few real-world comparisons is eyeing an extensive expansion.
Analytics Platform Nansen Expands to Fantom, Spotlighting Emerging DeFi Ecosystem
It’s still the early days for Fantom, said Nansen’s Alex Svanevik, but promising growth has made it the data site’s third network.
Bitcoin Futures Market Suggests Huobi a Loser in China Crackdown
Bitcoin’s move to $50,000 has revived bullish sentiment, lifting futures premiums on most major cryptocurrency exchanges, which are often seen as a gauge of speculative interest. Though on the Huobi exchange, historically skewed toward Chinese customers, the premium hasn’t budged, potentially due to its decision to suspend services to China-based clients.
