Welcome to the 171st issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between November 19th and November 26th, 2023.
🔥 The DeFi Bulletin
- KyberSwap lost $47M in an exploit.
- Spooky suffered a frontend exploit; however, only $5K was stolen.
- Indexed Finance is to distribute the remainder of its treasury after combating hijacking attempts.
- PancakeSwap’s governance proposed a $veCAKE launch to boost governance liquidity and reach.
- Former Revolut employees are launching a new wallet named Zeal.
- Kinto, an Ethereum L2, migrated to the Arbitrum ecosystem.
- Aragon DAO was funding a lawsuit against its own founders.
- Privy secured $18M in Series A funding, with the round led by Paradigm.
- Panoptic raised $7M in funding, hoping to use the funds to build a perpetual options platform.
- Chainwire’s round for its De.Fi product hit its goal of $5M.
- IntentX secured $2.5M in seed funding, with the round led by Magnus Capital.
💵 State of the Stablecoins
- Tether froze $225M of $USDT after a DOJ investigation.
- Circle announced a Bridged USDC standard.
💎 NFT News
- CoinGecko purchased Zash, an NFT data startup.
Thanks for reading, and be sure to catch the 172nd issue of The Defiprime Post out this time next week! 👋♦️👋
