Masa Finance Launches Soulbound Web3 Identity Protocol for Ethereum
Masa Finance has launched the first soulbound identity protocol for the Ethereum mainnet, according to a Jan. 17 press release shared with Cointelegraph. The protocol will allow for standardized soulbound tokens to be minted on Ethereum for Know Your Customer verification, credit scores and other use cases.
DeFi Begins Recovery As TVL Exceeds $45 Billion
The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called ‘mini bull run,’ we’ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.
Osmosis DEX Explained
In this article, we’ll explore the unique contribution Osmosis is making to the DeFi space.
DeFi, DAOs and NFTs: Crypto is Redefining how Charities Raise Funds
Non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and decentralized finance (DeFi) are redefining how charities raise donations and distribute funds to those most in need. Through ever-evolving crypto and blockchain-related technology, crypto philanthropists told Cointelegraph that they've witnessed “new wealth distribution mechanisms" never seen before. “Philanthropy has traditionally been seen as a high-cost-of-entry, individualistic activity but with web3, collective decision-making bodies like DAOs can use tools that streamline financial coordination and encourage more participation,” explained Omar Antila, Product Lead at Crypto for Charity. (Cointelegraph)
SushiSwap's New DEX Aggregator will '10x our Market Share' — Head Chef
Just a month after warning of a "significant deficit" in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform which it says is intended to "10x" its market share in 2023. Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post saying it will focus on its product stack in line with prior plans to make Sushi more sustainable, "Sushi commands ~2% of the AMM market & 0% of the aggregation market. By executing our vision, we intend to 10x our market share in 2023." (Cointelegraph)
2022 Year in Review - Staking
When talking about staking in the blockchain ecosystem, one could be referring to two different concepts. It could be the kind of staking that is used to participate in a Proof-of-Stake consensus algorithm or the one that users lock their tokens in a DeFi project to earn rewards for helping increase its TVL or preserve some token’s value.
Autofarm Announces $5M Investment in AI-Fi: Decentralized AI Finance
Autofarm announces that it is securing a private $5 million strategic investment round in January 2023. This fundraising aligns with the progress Autofarm is making in the integration of advanced Artificial Intelligence (AI) and Machine Learning (ML) technologies through the establishment of AutoLabs, an in-house research division dedicated to exploring the integration of AI/ML technologies.
DeFi Was the Most Attacked Ecosystem in 2022: Finance Redefined
The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didn’t diminish the damage caused by vulnerabilities and attacks in 2022.
Exactly Protocol Raises $2 Million in Funding and Launches on Ethereum Mainnet With Fixed and Variable Interest Rates To Complete the DeFi Credit Market
Exactly Protocol is thrilled to announce its official launch on the Ethereum Mainnet, marking a significant milestone for the protocol. The team is proud to report that it has raised $5 million since its founding last year, with the latest funding round bringing in an additional $2 million.
