Beyond Finance raises $7.5M, democratizes access to synthetic products
Beyond Finance, a decentralized platform for creating and trading synthetic financial products has announced a $7.5-million round of fundraising from leading blockchain funds, including Moonwhale Ventures, A195, DuckDAO, Cryptomeria Capital, Blocksync, X21 Digital, Rarestone Capital, Master Ventures, Consensus Capital, and more. The announcement comes after the company raised the funds simply by word of mouth over the past few weeks, without any advertising in the lead-up to its initial DEX offering scheduled for early April. […]
Related News
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an investment firm and an incubator for decentralized finance platforms — told Cointelegraph China that synthetic assets, NFTs and digital securities are redefining the way capital markets operate. Lai especially believes that the value of synthetic assets could give each individual....
Up almost 30% during today’s trading session, decentralized cross-chain exchange THORChain (RUNE) trades north of $5.28. One of the top gainers in the current relief rally across the market, the network has activated synthetic assets, a new feature that could attract use cases and users to the platform. Related Reading | Monero And Zcash Take Off With 15% Gains, Here’s What May Have Spurred The Rally Per an official post, synthetics assets are tokens pegged to the value of their underlying collateral, such as Bitcoin or Ethereum. In order words, users can now access BTC, ETH, and....
Weed and mushrooms aren’t the only drugs you can get on the dark web with Bitcoin. According to the Irish Mirror, teenagers are using the digital currency to buy so-called synthetic cannabis — known popularly as Spice — on online dark web marketplaces. Children as young as 14 are purchasing the “legal highs,” which are not against the law in the UK and other countries. Many users of legal highs — in the US, UK and elsewhere — have become very sick, sometimes even brain damaged, due to smoking the synthetic marijuana. The legal drugs are meant to affect users similar to cocaine and....
29 July 2021: PERI Finance is launching on BSC Mainnet With 1025% APY on Staking and an aim to launch a whole Dapp ecosystem and leverage staking rewards to become a popular choice. Once all the tests are completed PERI Finance will officially open Staking dApp at BSC main net, allowing the BEP20 PERI holders to stake their PERI at staking dApp to receive the staking rewards. PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity on the Polkadot network. It gives an opportunity to access a wide range of both....
Derived Finance, a decentralized synthetics assets trading platform, announced a $3.3 million funding round led by over 30 crypto venture capital firms. Announced Tuesday, Derived Finance successfully completed a private funding round raising over $3.3 million shortly before launching their initial DEX offering, slated for October 13th. The funding will be used to develop key features for the Derived Finance ecosystem, build additional multi-chain solutions, and add more synthetic assets to the platform. The funding round attracted some of the biggest names in the crypto venture capital....