History is Made: Composable Finance Enables Parachain Crowdloan Contributions...
Composable Finance, a decentralized finance (DeFi) infrastructure project aiming to improve financial applications on the blockchain, has announced its acceptance of stablecoins into its crowdloan. This is a major development in the space, as it marks the first time that users can contribute stablecoins into a crowdloan for a parachain, instead of having to purchase […]
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The Polkadot parachain auctions are continuously creating waves in the blockchain and DeFi space as promising projects are participating and seeking support to enable their vision for the future of the Dotsama ecosystem. Composable Finance has officially launched their crowdloan for the auctions in the second batch, opening the door for the DeFi ecosystem to support their efforts in securing a Polkadot parachain. It is important to note that Composable Finance has previously procured a Kusama Parachain and is taking a similar approach in their campaign for the DOT parachain. ....
Composable Finance, an innovative blockchain protocol, is running ahead of schedule in its development of an interoperable ecosystem for decentralized finance (DeFi), which can be broadly defined as the use of blockchain to power financial tools. To keep up with their pace of development, the company is raising funds from user contributions through a crowdloan, with the goal of procuring a popular tool called a parachain in the upcoming weeks. Composable has been making great strides towards obtaining and building its parachain, Picasso, which will be on Kusama, the canary network of the....
PRESS RELEASE. Litentry, a decentralized identity aggregation protocol, has revealed the launch of its Crowdloan Reward Program scheduled to go live from November 4, 2021. This represents a significant development in its quest to win a slot ahead of the upcoming Polkadot parachain auction. Join the crowdloan on Binance now to enjoy 20% LIT (20,000,000 LIT) total supply with an extra $2.5M reward pool, with approx. 2760% APY as of Nov 4. An Innovative Crowdloan program Crowdloan is a growing trend taken by projects to receive enough funding to participate in Polkadot’s parachain....
Understanding the available data and current standings for the parachain auctions on Kusama. Eleven projects joined the race when Kusama parachain auctions started on June 15. A few more got in during the latter auctions of the first batch. With impressive gains to the tune of 900,000 KSM (approximately $180 million, at the time of writing), are Kusama auctions still fair and democratic, or is everything already decided by whales? Let’s analyze the available data and attempt to illuminate the current standings. Where we are nowAs announced on June 8, the first batch of parachain auctions....
Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, Blockchain Capital, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those who participated. This latest round of funding marks another step in Composable’s journey to build and launch what it believes to be the final missing “LEGO” building block in the Web3 and DeFi technical stack:....