StarkDEX, on the different hand, makes use of state-of-the-art cryptographic STARK proofs to take on-chain transactions, course of them off-chain, after which batch them again on-chain so as to improve throughput. The challenges of this technique are purely technical, somewhat than social, as with Unipig (the place you simply need to get others to provide […]
DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z
Lending protocol Compound Finance simply raised $25 million in a spherical led by Andreessen Horowitz’s a16z crypto fund, marking one of many largest enterprise capital investments in a decentralized finance (DeFi) startup thus far. According to DeFi Pulse, Compound has almost $103 million value of crypto locked up in its automated system, which may generate […]
Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem
When cryptocurrency followers gathered in Osaka, Japan, this week for the Devcon developer convention, the halls have been full of buzz about smaller tasks looking for entry to ethereum’s decentralized finance smorgasbord, particularly loans and monetary merchandise, by way of interoperability. “Connecting to other chains doesn’t seem to be an ethereum developer’s priority,” Summa co-founder […]
Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition
Ripple has made its first transfer in the direction of constructing decentralized finance (DeFi) merchandise based mostly on XRP. With its acquisition of decentralized funds platform Logos Network, Ripple’s funding arm, Xpring, will add 9 New York-based engineers. Logos founder and CEO Michael Zochowski will grow to be Xpring’s “Head of DeFi Products.” Xpring didn’t […]
DeFi Upstart Dharma Brokers $6.4 Million in Crypto Loans in First 3 Weeks
Crypto mortgage platforms are booming as ether holders look to mitigate portfolio losses endured throughout 2018’s bear market. Among these decentralized finance (DeFi) purposes, San Francisco-based startup Dharma Labs is rising as one of many business leaders by facilitating greater than $6.4 million worth for crypto loans since its peer-to-peer lending platform launched on April […]