DeFi Telegraph (eng) ( ICO reviews)

2021-12-07 17:28:01 SushiSwap CTO threatened to quit due to escalating struggles

Former members of the SushiSwap team claim that one key developer was expelled from the project, causing others to follow suit. Because of the slander, SushiSwap CTO Joseph Delong has threatened to leave if the current team doesn't get more support.

Joseph DeLong, CTO of decentralized exchange SushiSwap, said he will leave the project if the core team is not given more autonomy and increased compensation. This comes amid a wave of strife related to a previous layoff.

"I'm going to create Trident, and if you don't give us the autonomy to continue development, the ability to form leadership and increased compensation across the board, I will leave," he wrote Sunday. Open / Comment

2021-12-07 15:04:02 Robo-advisor Stacked has raised $35 million in additional investment

Stacked, an SEC-registered crypto-robot advisor, has raised $35 million in a Series A funding round. The round was led by Alameda Research and Mirana Ventures, with participation from Fidelity International Strategic Ventures, DRW Venture Capital, Alumni Ventures and Jump Capital.

Stacked is a web-based robot advisor that automates the process of investing in cryptocurrency using pre-created portfolios called "stacks." In 2021, Stacked automated more than $10 billion in transactions for tens of thousands of new investors.

"We registered with the SEC to provide the easiest and safest way to access risk-based cryptocurrency in just minutes with no prior experience," said Stephen Beavis, co-founder and COO of Stacked. Open / Comment

2021-12-06 20:10:13 Cardano-based SundaeSwap DEX has been launched on the test network

IOHK, the company behind the development of the Cardano blockchain, announced that SundaeSwap DEX is ready to launch on the test network. According to the company, the long-awaited launch of the decentralized exchange should turn out to be a huge community interest and high level of activity. The announcement was made on December 5, but on December 6 the developers have already encountered problems.

On the Twitter profile of SundaeSwap Labs there was a post about the postponement of the DEX launch. The developers reported that they encountered a bug and are now working on fixing it. They did not mention a deadline for fixing it or a new launch date for DEX on the test network. However, a few hours later the SundaeSwap decentralized platform was launched in the test network. Open / Comment

2021-12-06 19:08:02 Trading volumes on DEX aggregators hit a new high

More and more traders are turning to decentralized aggregators to find the best quotes for token exchanges. Trading volumes on popular decentralized exchange aggregators (DEXs) have risen to new highs in the past few weeks.

Decentralized exchange aggregators allow traders and token exchangers to scan multiple DEX platforms to get the best quote for an exchange.

According to Dune Analytics, the volume of popular DEX aggregators such as 1inch, 0x and Paraswap (PSP) has increased dramatically over the past month. Cumulative volume for these three hit a cumulative weekly high of $6 billion last week, up about 50% since early November. Open / Comment

2021-12-06 15:56:02 TVL decentralized finance has lost more than 5% in the last 24 hours

DEFI's total value has dropped from $257 billion to $250.55 billion since mid-November, and it has lost more than 5% in the last 24 hours. DeFi tokens such as Uniswap, Pancakeswap, Curve dao, 1inch and Sushi have lost between 15% and 23.9% of value in the last seven days.

At the time of writing, TVL in DeFi's myriad blockchain protocols was $250.55 billion. The cumulative value lost 5.08% over the last day, and Curve's protocol dominates most TVL listed with a dominance of 8.07%.

AMM Curve gets $20.23 billion TVL, which was up 1.13% last week. Makerdao is DeFi's second largest protocol with $18.56 billion TVL at the time of writing. The third largest protocol is Convex Finance with $15.14 billion today. Open / Comment

2021-12-06 14:23:01 Optimism Metis launches the Metis DAC stacking incentive program

More Optimism! Metis, the scaling solution based on Optimism's Optimism convolution technology, is sharing details about the stacking incentive program since the platform's deployment on the core network.

According to an official announcement released by the MetisDAO (METIS) team, its new stacking program in favor of a decentralized autonomous company (DAC), was launched on November 26, 2021. Metis DAC is an experiment designed to incorporate decentralized management principles into Layer 2 solutions.

Through this program, crypto-enthusiasts will participate in the management of a Metis Layer 2 network called Andromeda. To accelerate the introduction of Metis DAC, the network administration has introduced a massive rewards campaign. Open / Comment

2021-12-04 16:21:02 0x expands partnership with Celo to distribute $4.5 million ️

The 0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million, consisting of $3 million from CELO and $1.5 million from ZRX, to grow the 0x ecosystem through its community-centric decentralized autonomous organization (DAO).

This news follows a mid-November agreement between the two firms to integrate 0x's zero-cost API functionality into Celo's blockchain to improve the experience of DeFi developers seeking access to aggregated decentralized exchange (DEX)-based liquidity services with multiple blockchain support.

In August of this year, both Celo and 0x were founding members of DeFi for the People, a charitable decentralized financial initiative that raised $100 million. Open / Comment

2021-12-04 10:26:01 Bitcoin price dropped below $47,000

On Saturday, December 4, the price of the first cryptocurrency fell below the $47,000 mark. The drop over the past 24 hours was 16%, according to CoinGecko.

The price of bitcoin momentarily fell to the $42,000 level.

Ethereum has collapsed to $3500. As of this writing, the cryptocurrency is trading at $3800.

Other crypto-assets from the top 10 by capitalization except for Stablecoin also entered the red zone. Terra (LUNA) was in the top 10 for the first time.

In the bitcoin futures market, $961 million worth of positions were liquidated in the last 24 hours, and $342 million worth of positions were liquidated in an hour.

The cryptocurrency market capitalization fell to $2.28 trillion, the bitcoin figure is $898 billion, according to CoinGecko.

The Block analyst Larry Chermack recorded the liquidation of long positions worth $1.3 billion as digital gold fell to $42,000.

"First massive liquidation in a while," he wrote. Open / Comment

2021-12-03 19:08:02 Maven 11 Capital's second crypto investment fund has raised $120 million

Amsterdam-based crypto investor Maven 11 Capital has closed its second venture capital fund, raising a total of $120 million, according to a report.

The vehicle, dubbed Venture Fund II, is a closed-end fund that completed its "first raise" of $40 million in June. Since then, the Maven team has made 28 investments -- mostly in DeFi protocols and Web3 applications.

Maven has been involved in venture capital investing since 2017 and through its two funds has supported projects such as Celestia, Qredo (QRDO), Nym Technologies, Spectral Finance, Merit Circle (MC), Maple Finance (MPL), Anoma and Zapper.

Balder Bomans, a partner at Maven, said the company invests in both tokens and equity. But he added that he "believes very strongly that tokens will be the ideal choice in terms of cryptocurrency and the development of this asset class." Open / Comment

2021-12-03 17:26:01 IDEX launches hybrid liquidity exchange at Polygon

The hybrid model will combine traditional order book functions with automated market maker (AMM) liquidity pools in an effort to provide higher financial returns for liquidity service providers, as well as provide typical investment tools such as stop losses, limit orders and real-time executions.

Working on the Polygon network (MATIC) reduces transaction costs to a value of "10,000 to 100,000 times cheaper" than Ethereum's first tier, in addition to the benefits of Ethereum's full-stack network scaling mechanism.

Nearly half of all liquidity providers on Uniswap v3 were found to be incurring intermittent losses based on a snapshot of 43% of the platform's data. Despite this, the platform ranks first in daily trading volume on DEX with $2.8 billion, followed by PancakeSwap v2 with $2.3 billion. Open / Comment