Welcome to the 84th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 6th and March 13th, 2022.
🔥 The DeFi Bulletin
- Biden issued an Executive Order on crypto, stating that Federal agencies are going to evaluate their approach with different priorities in the digital asset sector.
- Andre Cronje recently left the DeFi space(again🤣), deactivating his twitter account, and ceasing support of a multiple frontends.
- The Avalanche Foundation announced their $290M incentive program, aiming to further grow subnets.
- xPollinate rebranded to Connext Bridge on March 7th.
- Sense Protocol announced their guarded launch, with Sense aiming to launch on the Ethereum mainnet.
- CryptoStats announced that their future plan is to become a DAO.
- Nexus Mutual joined others in partnering with Bancor for their DAO Treasury management solution.
- $SWIV recently had its token genesis event as part of its launch.
- Our Round 13 of Gitcoin Grants is live.
- Upstream secured a $12.5M Series A funding round.
- WalletConnect closed an $11M funding round, aimed at further building out cross-wallet relations.
- KurateDAO secured a $6.85M investment, with Polychain leading the funding round.
- Socket raised $5M in funding, with the round led by Framework Ventures.
- Cega, a startup aimed at building exotic structured products, secured $4.3M in funding.
- Hubble Exchange announced their $3.3M strategic funding round, with the round led yet again by Framework Ventures.
💱 DEX Report
- DexGuru is holding a DAO Bootstrap Phase, with people who could participate in early pre-DAO decision making, including those who tipped before February 1st, and specific token/NFT holders.
💎 NFT News
- Yuga Labs, the creator of Bored Ape Yacht Club, now controls three of the most valuable NFT collections on the market
- Immutable, an NFT startup, raised an undisclosed amount in funding, holding a $2.5B valuation.
Thanks for reading, and be sure to catch the 85th issue of The Defiprime Post out this time next week! 👋♦️👋