Few companies in the VC space have exposure to crypto as a16z has. Founded in 2009 by Marc Andreessen and Ben Horowitz, Andressen Horowitz began investing in crypto companies in 2013 with investments in Coinbase and Ripple and now has just under 50 Web3 companies in its portfolio. On May 17th, the company published the...
zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market. To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional...
It is commonly believed that Bitcoin is one of the most private methods to send money and that payments are concealed somewhere in the blockchain. The fact is that using Bitcoin to make a payment is the most visible method to do so. Unlike a traditional bank, where your data is private, every Bitcoin transaction is recorded in the blockchain, a public ledger....
The Polygon ecosystem has witnessed historical growth in the past several months and now supports over 19,000 dApps—an increase of over 170% from January this year. According to data from Alchemy, this growth is also evident in the number of monthly active teams building on Polygon, which grew from 3,000 to 8,000 in the last five months alone. The...
After weeks of speculations, leading Ethereum Layer-2 solution Optimism has...
Cardano founder Charles Hoskinson tweeted a link to the Hydra website on April 20. The website contains node installation instructions, a quick start guide, and demo content. Check out the Hydra Website: https://t.co/FXHwEtuoAK...
Kraken, one of the largest centralized crypto exchanges in the world, launched its Bitcoin Lightning service on April 1st this year, but the success of the service seems to be anything but a joke. In less than three weeks, usage of the Lightning Network on Kraken has sent the exchange into the position of being the sixth largest node on the Lightning network...
We recently announced Bifrost's Collator Mainnet launch, bringing cross-chain staking to the Dotsama ecosystem. However, there is much more to the announcement than it may at first seem. Additionally, some terminologies can be a little hard to understand for the average crypto investor. Staking...
Blockchain oracles enable accessing, processing, and transmitting information between the outside world of off-chain data and smart contracts. While they already represent a crucial piece of the infrastructure that makes DeFi and decentralized applications possible, oracles are likely to become more prominent in the future. How are...
Bitcoin’s “scaling solution” for fast payments, the Lightning Network, is becoming increasingly popular around the globe. According to a fresh research report (pdf) by Arcane Research, Lightning payments are...
Major cryptocurrency payment service provider BitPay has added support for the Lightning Network (LN), Bitcoin’s (BTC) Layer-2 scalability solution, granting users access to a faster and cheaper method of transacting their BTC. In an announcement shared with CryptoSlate...
The Graph’s hosted service is about to be integrated into the Ethereum layer-2 scaling solution built on optimistic roll-up technology, according to a press release from Boba Network....
Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. A month ago Yearn Finance launched its first layer-2 powered service on optimistic...
Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent...
Deployed on Arbitrum, Sperax USD (USDs) entered the DeFi space as the “first auto-yield stablecoin.” The Sperax protocol leverages a dual token system with a stablecoin ($USDs) and a governance token ($SPA). CryptoSlate talked to Sperax, who explained what makes the hybrid stablecoin special and in which aspects $USDs harnesses the power of DeFi to deliver passive yield to stablecoin holders....
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