Framework Ventures’ DeFi Fund Booms as Tech Team Staffs Up

dHEDGE has announced that $1.1 million will be injected into its fund managers’ pools by six of the platform’s investors and the dHEDGE DAO. Some of the biggest names in DeFi, including Framework Ventures and Alameda Research, are backing the expansion of decentralized asset management protocol dHEDGE.The investors and the protocol’s decentralized autonomous organization (DAO) will collectively invest $1.15 million into an initial cohort of 33 fund managers operating on the platform.dHEDGE is a non-custodial social trading platform that allows users to choose asset managers to pool their....

Digital asset manager Grayscale has launched a new DeFi fund with CoinDesk Indexes, according to a press release. The Grayscale Decentralized Finance (DeFi) Fund will offer its clients exposure to some of the major tokens in the sector. The fund will track the CoinDesk DeFi Index, created on May 10, 2021, to “measure the investable […]

The leading United States digital currency exchange is backing Acala, Polkadot’s all-in-one DeFi hub. Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem.The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host of DeFi capabilities on Polkadot, as well as Karura, which is building a DeFi ecosystem on Kusama. Acala has already built four core products for the Polkadot ecosystem:....

Australia-based VC firm Future Capital has launched a US$30m global investment fund for bitcoin companies called the Future Capital Bitcoin Fund (FCBF). The firm - which is led by Domenic Carosa, a tech entrepreneur turned investor - says it is Australia's first dedicated investment fund for the digital currency. The FCBF is expected to go live this month and it is currently accepting investments in AUD, USD, RMB and BTC. Future Capital is also looking for companies interested in receiving funding. "Bitcoin has the potential to dramatically alter the manner in which transactions take place....

In a major breakthrough for the decentralized finance (DeFi) space, one of the most popular stable coins, DAI, has been made available for use on the applications in the RSK ecosystem, Bitcoin’s smart contracts platform. RSK and the RSK Infrastructure Framework (RIF) development team have achieved this by using the RSK-Ethereum cross-chain bridge. Trading pairs for DAI have been enabled on RSKSwap, a Uniswap-style DEX for the RSK network. Bridging Maker and RSK The integration […]