Opyn, previously a leverage platform that has since pivoted to insurance has launched on mainnet. By building on top of a generalized options protocol called the Convexity Protocol, Opyn has created an insurance contract for Compound deposits. It works by creating tokenized put options known as oTok...
This report is part of a weekly series where we explore and evaluate the fundamentals of Open Finance. You can view prior reports here. If you’ve been following crypto over the past year, you’ve likely seen this chart measuring the amount of value locked in DeFi. Since most applications require cap...
BlockFi, one of the largest crypto lending platforms announced a $30 million Series B led by Valar Ventures with participation from WInklevoss Capital, Castle Island Ventures, Morgan Creek Digital, among others. The firm plans to use its fresh capital to bring on additional staff, expand its geograp...
According to a press release today, Chainalysis announced the global roll out of its anti-money laundering (AML) compliance solution for Tether (USDT). The solution, Know Your Transaction (KYT) for Token Issuers is a real-time AML compliance solution for tracking a token's full lifecycle. While Chai...
Avantgarde Finance, the lead developers behind the Melon protocol, and AK Jensen a hedge fund platform have partnered to test out a compliant blockchain-powered hedge fund. They have submitted an application to test their technology in the sixth cohort of the Financial Conduct Authority (FCA) sandbo...
Layer-2 scaling project SKALE will be the first project to distribute its token through Activate, a platform built by ConsenSys Codefi for launching decentralized networks. Activate's unique design allows investors to purchase new assets but deters speculation by requiring token holders to use these...
Reuters reported today that JP Morgan is in discussions to merge its blockchain unit Quorum with Consensys. The deal is likely to be announced within the next six months according to sources. JPMorgan has been considering spinning off Quorum for around two years. Why it matters: - Since April of la...
Earlier today, the Web3 Foundation announced it partnered with Coinbase’s custody subsidiary to offer a custody solution for Polkadot’s native token, DOT. Investors that participated in Polkadot’s previous token sales can now claim their DOT allocations with their existing Coinbase Custody accounts....
Ameen Soleimani, creator of MolochDAO and Spankchain released a specification for MetaCoin, a crypto-collateralized stablecoin designed to remove some perceived weaknesses in MakerDAO. It will utilize a similar two-token model as Maker and Dai but will create some structural changes to the system. F...
Following the launch of its TRUMP futures contract last week, cryptocurrency derivatives exchange FTX announced today it has added five more futures contracts for other presidential candidates. The new contracts include Bernie Sanders (BERNIE), Joe Biden (BIDEN), Mike Bloomberg (BLOOMBERG), Pete But...

3 coins to keep an eye on 👀