DeFi Check

2021-06-06 09:12:17 Panther Protocol has raised $8 million

Panther Protocol has raised more than $8 million from more than 140 investors to develop a privacy-focused DeFi solution. The protocol will allow users to issue 1:1 secured synthetic assets that preserve privacy. Using zk-SNARK, such assets hide all information about trading them online.

Investments have come from more than 140 participants, including Alphabit Fund, Arcanum Capital, Black Dragon, DeepVentures, Defiants, Ellipti, Moonwhale, Protocol Ventures, Kosmos VC, Rarestone Capital and Titans Ventures.

These funds will be used to develop a protocol that is compatible with a number of DeFi applications. Open / Comment

2021-06-04 09:30:16 Bitcoin price shows bearish signs

Last week, the BTC price began a recovery above the $35,000 level against the U.S. dollar.

However, the price failed to consolidate above the 40,000 USD level and it remained well below the simple moving average of 100 (4 hours). A high was formed around 40,971 USD and the price began a new decline. There was a break below the 38,000 USD support level.

Bitcoin traded below the 50% Fibonacci retracement level of the uptrend from the low of USD 31,296 to the high of USD 40,971. Also, a major bearish trend line with resistance around $37,500 is forming on the 4-hour chart of the BTC / USD pair.

Now the pair is testing the 76.4% Fibonacci retracement level of the upward movement from a swing low of $31,296 to a high of $40,971 Open / Comment

2021-05-28 23:28:47 Uniswap turns its attention to Arbitrum, which will launch on Friday

This interest is evidenced by a Snapshot community survey, "to gauge interest in deploying Uniswap v3 at Arbitrum." The survey, organized by Compound founder Robert Leshner, will last two days. The move reflects a growing appetite for lower fees from the world's leading blockchain for DeFi applications. ETH has risen in value and DeFi's online value has risen to 62 billion, transaction fees on decentralized exchanges (DEX), dollars such as Uniswap, have become prohibitive for small users.

Arbitrum claims it can offer significantly higher transaction throughput than Ethereum, while reducing the fees to almost zero. The system uses rollup technology to batch process transactions before they are included in the chain. Open / Comment