Cryptocurrency asset managers Pantera Capital and Arrington XRP Capital have co-led a $5.8 million private investment round for Unbound Finance, an up-and-coming DeFi treasury protocol for pooled tokens. The funds will be used to further develop Unbound Finance’s cross-chain stablecoin platform, including the development of native bridges for instant transfers between its … [Read more...] about Pantera Capital and Arrington XRP Capital lead $5.8M Unbound Finance raise
Finance
Unbound Finance raises $5.8m led by Pantera Capital and Arrington XRP Capital
Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first-ever decentralized cross-chain stablecoin. Unbound is aiming to create capital-efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization … [Read more...] about Unbound Finance raises $5.8m led by Pantera Capital and Arrington XRP Capital
Possible Yearn rival Convex Finance passes $1 billion in total value locked
While much of the market reels from a devastating pullback that has dragged DeFi’s closely-watched total value locked (TVL) figure down from all time highs, one protocol is shrugging off the macro weight and surging up the TVL leaderboard. Ethereum-based Convex Finance ($CVX) cracked a billion dollars in TVL earlier today, rising as high as $1.14 billion and briefly cracking … [Read more...] about Possible Yearn rival Convex Finance passes $1 billion in total value locked
Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability
Composable Finance, a DeFi interoperability protocol has announced a $7 million raise backed by 16 notable blockchain investment firms.According to a release issued on Tuesday, the funding round was led by Advanced Blockchain AG and Rarestone Capital. Other participants included Alameda Research, Spartan Group, Divergence Ventures, and Blockchain Capital, among … [Read more...] about Composable Finance raises $7M for cross-chain and cross-layer DeFi interoperability
Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million gone
Belt Finance, a decentralized finance (DeFi) platform based on smart contract network Binance Smart Chain (BSC), became the latest project to fall victim to a flash loan attack, losing over $6.2 million worth of tokens in the process.“On May 29, 2021, a flash loan attack was initiated on the BSC 4Belt (USDT/USDC/BUSD/DAI) pool. The attacker created a smart contract that used … [Read more...] about Flash loan attack on DeFi platform ‘Belt Finance’ sees $6.2 million gone