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Camila Russo

Element Finance Raises $4.4M to Boost Fixed Rate DeFi Markets 

Byte, DeFi News / By / September 15, 2021 / ,

Element Finance raised $4.4M in a seed round led by Andreessen Horowitz and Placeholder accompanied by SV Angel, A.Capital, Scalar Capital, and Robot Ventures.  Angels included Joseph Lubin, Fernando Martinelli, Stani Kulechov, Mariano Conti, Robert Leshner and Tarun Chitra. The project aims to bring liquidity to the fixed-rate income and interest markets Users will be …

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InsurAce Raises $3M in Round Led by Alameda & HashKey

Byte, DeFi News / By / September 15, 2021 / , ,

InsurAce, the Singapore-based insurance protocol, raised $3M in a token-based funding round led by Alameda Research and HashKey Capital. Investors from the project’s $1M seed round, DeFiance Capital, ParaFi Capital, Hashed and Signum Capital, also participated. The round was completed with institutional investors, including, IOSG Ventures, ImToken Ventures, LongHash Ventures, HashGlobal, Tembusu Partners, Factorial Ventures, …

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Dedaub Claims $250k in Bounty for Primitive Finance Bug

Byte, DeFi News / By / September 15, 2021 /

ArmorFi CTO Robert Forster has awarded the Dedaub Team $250k $ARMOR tokens following the successful disclosure of a critical vulnerability in Primitive Finance to Immunefi. The award is part of the R Bounty program, now renamed the Founders Bounty, where Foster, working together with Immunefi, pledged that amount to anyone who discovered a flaw in …

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dYdX is Latest Major DeFi Project to Move to L2

DeFi News, Dive / By / September 15, 2021 / , ,

Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution.  dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare, …

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DeFi Dev Offers $320k to Whoever Finds Critical Bug in Ethereum Dapp

Byte, DeFi News / By / September 15, 2021 / ,

ArmorFi’s CTO Robert Forster is partnering with bug bounty platform Immunefi to personally offer the equivalent of $320k to anyone who can find a critical smart contract bug in any Ethereum ecosystem project. The program, which is hosted on Immunefi and called the R Bounty, is designed to encourage responsible disclosure of critical vulnerabilities. The …

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Equilibrium Creating Version of Curve on Polkadot

Byte, DeFi News / By / September 15, 2021 / , ,

Equilibrium, an interoperable money market, announced on a Feb. 9 Medium post plans to create a version of Curve Finance’s automated market maker on the project’s chain within the Polkadot ecosystem. Equilibrium will be able to facilitate trading for homogeneous assets on Polkadot, whether they are DOT-based or different tokenized versions of the same asset, …

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Yearn Loses $11M in 2021’s First DeFi Hack

DeFi News, Dive / By / September 15, 2021 / ,

Yearn Finance, the yield aggregation protocol founded by Andre Cronje, has been hacked. One of the platform’s so-called vaults lost $11M, and the attacker got away with $2.8M.   It’s the first DeFi hack of the year, after $100M worth of attacks in the sector last year, according to a report by Ciphertrace. About half of …

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Goldfinch Says it Has Enabled $1M in Un-Collateralized Loans

Byte, DeFi News / By / September 15, 2021 / ,

Goldfinch, a newly launched DeFi lending protocol focusing on loans without collateral, today announced a $1M funding round and progress on its pilot lending program in emerging markets.  Goldfinch, which launched in December, said it’s working with PayJoy in Mexico, Aspire in Southeast Asia, and QuickCheck in Nigeria, which have collectively drawn down $1M from …

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Ledger Suffers Another Data Leak

defiant / By / September 16, 2021

Ledger customers’ data has been leaked yet again, putting the state-of-the-art hardware wallet company into another compromising position.  Ledger announced on Twitter that it has been targeted by rogue Shopify team members who exported over 200 merchants’ customer databases in April and June of 2020. 292,000 customers have been affected, and Ledger says that while …

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DeFi10 Returned 370% Thanks to ETH and Airdrops

DeFi News, Dive / By / September 15, 2021 / ,

TLDR: At the start of the year, I invested $1,100 in 10 DeFi applications, plus MakerDAO’s Dai Savings rate as a benchmark. The requirement was that they could give me passive income; I would just send 100 Dai into their smart contracts, never touch it again, and then hopefully have more than 100 Dai at …

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