Welcome to the 191st issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between April 14th and April 21st, 2024.
🔥 The DeFi Bulletin
- Avi Eisenberg was convicted of fraud due to his $110M trading scheme.
- OKX launched its new L2 on the mainnet, aiming for 50M users on-chain.
- Worldcoin seems to be building an L2 chain.
- CoinGecko released its 2024 Q1 report.
- Kraken unveiled its own crypto wallet.
- Scroll unveiled its loyalty program, Scroll Sessions.
- Ondo Finance unveiled its Noble integration, bringing tokenized treasuries to the Cosmos ecosystem.
- Multis Team is collaborating with Safe to build cross-chain smart wallet infrastructure.
- Heroglyphs, an Ethereum protocol, took inspiration from Bitcoin mining for its solution to token distributions.
- Parcl, a Solana-based betting platform, lost 40% of its TVL after its airdrop.
- Puffer Finance, an Ethereum liquid restaking protocol, raised $18M in Series A funding.
- Centrifuge secured a $15M investment, hoping to create institutional RWA lending.
- Homium, a project hoping to tokenize home equity loans, closed a $10M funding round.
- Blast DEX Thruster raised $7.5M in seed funding, holding a $70M valuation.
- CVEX secured $7M in funding ahead of its mainnet launch.
- Usual Labs raised $7M in funding, with the round co-led by Kraken Ventures and IOSG Ventures.
- Nebra announced its $4.5M seed funding round, with the round co-led by Nascent and Bankless.
- Ord.io announced its $2M pre-seed funding round, hoping to use the funds for Runes expansion.
- Merlin Chain secured an undisclosed amount of funding.
- Check out our airdrop page.
💵 State of the Stablecoins
- Tether unveiled reorganization plans.
- The recently unveiled Lummis-Gillibrand Payment Stablecoin Act prohibits unbacked, algorithmic stablecoins.
💱 DEX Report
- Drift is set to airdrop 100M tokens to users.
💎 NFT News
Thanks for reading, and be sure to catch the 192nd issue of The Defiprime Post out this time next week! 👋♦️👋
