The DeFi Drop Volume 35
08 Apr 2022, by Bittrex Team
Biweekly, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.
Tencent’s WeChat, the largest messaging app in China, has suspended some accounts associated with NFTs, and clarified the rules around these digital collectibles. (CNBC)
Recently compromised crypto bridge project Wormhole, which allows users to send crypto across different chains, is planning a private token sale in a bid to raise close to $200 million. If successful, the sale would value the protocol at $2.5 billion. (The Block).
Is it RWA (real world asset) season? Earlier this week, 6s Capital, a commercial lender powered by DeFi protocol MakerDAO ($MKR), the protocol responsible for maintaining $DAI stablecoin, closed a real estate financing deal worth $7.8M for Tesla. (The DeFiant)
Element Finance announced the Element DAO and with it, plans to decentralize the yield aggregator. This also marks an airdrop of $ELFI tokens to protocol participants. (Element Fi)
To back a thesis that the future of crypto is “multi-chain,” Sequoia Capital, Andreessen Horowitz, and FTX Ventures co-led a $135 million Series A+ investment in LayerZero Labs. (Forbes)