Welcome to the 72nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between December 5th and December 12th, 2021.
Want more in-depth knowledge? We have communications over at our Telegram channel @defiprime. Check out defiprime’s latest news, interviews, guides, and more with daily updates.
🔥 The DeFi Bulletin
- Gelato Network was recently notified of an exploit, which included a vulnerability in a G-UNI router contract on Sorbet Finance.
- 6 Cryptocurrency CEOs testified before Congress about digital assets, specifically crypto, and the future of finance. Some CEOs included those from FTX, Circle, Paxos, and others.
- The CTO of SushiSwap, Joseph Delong, quit the company as Sushi’s internal scandal continues to escalate.
- A DAO has emerged, named TheSpiceDAO, which aims to fulfill a $3M crypto plot to liberate the canceled Jodorowsky movie adaptation of Frank Herbert’s Dune.
- Polygon acquired Mir Protocol, a ZK-rollups startup, for $400M recently, on December 9th.
- OlympusDAO recently announced their new Cohort 4 launch partners, which include Thorswap, Gelato Network, ICHI, and 3 others.
- The New York Times recently published an article about Web3 and Crypto.
- OpenZeppelin recently published the results of their audit of Tally SafeGuard.
- Kyber’s DMM protocol, which used to be dmm.exchange, has now been rebranded to KyberSwap.
- WOO Network recently announced the formation of their DAO, WOO DAO, to help support their own decentralization.
- Interested in crypto lending? We recently talked with the founder of Solend, Rooter, about how they built a lending protocol on Solana, and their process of going from an idea to a project on the mainnet. Find it here.
- Mysten Labs, a company made up of Ex-Facebook crypto engineers, raised $36M, with the lead investor being a16z.
- Zeta raised $8.5M in their funding round, with their lead investor being Jump Capital.
- Two Australian Crypto Veterans raised $6.4M for Block Earners, a platform which will allow casual users to more easily stake Australian dollars into stablecoins, and earn yield.
- BlackPool, a Fabric Ventures DeFi product, raised $6M with the help of 6 investors.
- Voltz, a project which aims to be an interest rate swap AMM, raised $6M in seed funding, with the lead investor being Framework Ventures.
- JellyFi raised $4.4M in seed funding recently, to help their goal of creating uncollateralized crypto loans.
💱 DEX Report
- dYdX has recently announced and launched their second trading competition, with $250K in prizes. The competition will be hosted from December 9th to December 16th, at 18:00 UTC.
Thanks for reading, and be sure to catch the 73rd issue of The Defiprime Post out this time next week! 👋♦️👋