Your Weekly DeFi News in Bite-Sized Fashion

Weekly newsletter of Defiprime @defiprime

Welcome to the 62nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week's issue covers events between September 26th and October 3rd, 2021. Want more in-depth knowledge? We have communications over at our Telegram channel @defiprime. Check out defiprime's latest news, interviews, guides, and more with daily updates. 🔥 The DeFi Bulletin A bug in a new upgrade for Compound Finance has left $80M worth of $COMP at risk of being misrewarded. One of the largest French banks, Société Générale, has recently applied for a $20M MakerDAO loan, using bond token collateral. Revolut, a fintech company with a value of $33B, is to reportedly launch its own Crypto Token, but the timing is subject to the decision of UK regulators. The owner of Guardian has recently invested in Unlock, which is an NFT protocol designed for subscriptions and memberships and is aimed at improving monetization for the creator economy. Nahmii has recently launched Nahmii 2.0, which includes Layer 2 commercial scaling for Ethereum, and also an $8M funding round led by DARMA Capital. MultiSafe, smart treasury management for crypto organizations, has recently rebranded to Coinshift. This occurred after a $2.5M funding round. Connext, an Ethereum-based network, has recently launched the NXTP Protocol to improve its own liquidity and expand itself, after a $12M funding round. Gelato has recently raised $11M in funding, as a race in the smart contract automation market is heating up. Roll has raised $10M in a Series A funding round on the 28th of September, with Roll aiming to provide infrastructure and APIs to allow you to create and integrate social tokens. XDEFI, a MetaMask challenger and multi-chain browser wallet, has recently raised $6M in a funding round. Avantgarde Finance recently wrapped up a $5.5M Series A funding round, with the lead investor being Blockchange Ventures. Angle Labs has recently raised $5M in funding, with the lead investor being a16z (Andreessen Horowitz). Layer3, an infrastructure platform that provides tools for DAOs, has recently raised $2.5M in seed funding. Kokoa Finance has recently raised $2.3M in a seed funding round, with the lead investor being Hashed. 💱DEX Report dYdX has recently hosted one of the first of its own Trading Competitions, which lasts from September 30th to October 7th and has $250K in prizes. 💵 State of the Stablecoins The Biden administration is reportedly considering ways to control stablecoin issuers like banks with bank-like regulation. Visa has recently unveiled a Layer 2 network and universal hub for stablecoins and central bank digital currencies. Float Protocol has wrapped up a $1.2M funding round on the 30th of September, in an attempt to create a truly decentralized, non-dollar stablecoin. 💎 NFT News Ripple has recently started a $250M fund aimed at funding and supporting new NFTs, and in addition, exploring how the XRP Ledger's speed and cost can support new uses for NFTs. TikTok has recently launched its first-ever NFT drop and released its creator-led NFT collection. Thanks for reading, and be sure to catch the 63rd issue of The Defiprime Post out this time next week! 👋♦️👋 #bitcoin #mcgNetwork #blockchain #cryptocurrency #instagood #art #NFTs #official #bitcoinmovement

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