DeFi Trading App Dharma Now Connects Directly to US Bank Accounts

Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer (CTO) at Opensea. Opensea’s New Valuation One of the leading marketplaces for NFTs globally, Opensea recently confirmed it is acquiring the defi crypto wallet startup Dharma Labs. The acquisition of Dharma Labs for a price thought to be between $110 million and $130....

Decentralized community governance isn’t always so decentralized. This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance.Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used to describe it — if you visit the website now you basically only see mentions of DeFi and some very trippy images.The Dharma website design is now very… daring. And inspired by Uniswap in some ways.Like Uniswap and Compound, Dharma is....

Dharma’s Uniswap governance proposal risks giving it too much power, according to critics in the community. Decentralized exchange Uniswap is currently undergoing its first governance vote, which was submitted by open-source lending protocol Dharma. But a number of community members have raised concerns that if successful, the proposal will hand Dharma too much control over the future direction of Uniswap.The proposal, for which voting ends on October 19, suggests a reduction in token governance and quorum thresholds. This potentially gives the top holders — of which Dharma is one —....

The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms. OpenSea announced Tuesday the acquisition of Dharma Labs, a cryptocurrency lending platform and digital wallet, for an undisclosed amount. According to the statement, Dharma Labs would effectively shut down and its co-founders, Nadav Hollander and Brendan Forster, will become OpenSea’s new chief technology officer and its head of strategy, respectively.OpenSea claimed this acquisition will help accomplish its mission to scale product development, grow its team, expand its safety and....

DOOR rewards over $500,000 in DOOR Coin to launch an app that connects Consumers directly with Advertisers and disrupt a 500B online ad market. DOOR has launched its decentralized app that connects consumers who are looking for specific products and services directly with Advertisers.  Built using cryptocurrency, DOOR rewards consumers for opting into the program […]