Introducing Bluefin, and the Road Ahead
Today, we announce the public launch of Bluefin on Arbitrum! This is an exciting milestone as we build the most performant and easy-to-use decentralized exchange for both professional and first time traders alike. We look forward to providing our users the experience, performance, and price efficiency of an order book exchange, along with the security benefits of self-custody.
What Makes Firefly Different
Exchanging digital assets, such as tokens and NFTs, is the single most popular use case of blockchain today. In the crypto trading sector, perpetual swaps particularly outweigh the spot and NFT markets in terms of daily trading volumes. Currently, close to 100% of perpetual swap volume flows through centralized crypto exchanges (CeFi), where the execution is opaque, and user funds…
The Vision for Firefly
Firefly was born out of a vision to push the limits of DeFi by making DeFi faster, less expensive, more accessible and technologically robust than ever before. The platform aims to onboard millions of users to open finance in the next five years and empower everyone connected to the Internet with frictionless access to markets.
Derivatives DEX, dTrade Raises $22.8M for its Market Makers
dTrade, a high performance, low fee Decentralized exchange, will launch with deep liquidity bolstered by some of the largest market-makers (MMs) in crypto. The newly announced $22.8mm raise for the market-making fund comes from Hypersphere, Polychain, DeFiance, Alameda, CMS, Divergence, MGNR, Altonomy, and more. The capital has been pledged for an on-chain loan to MMs who will provide liquidity to…
Five Harvard startups receive investment worth $500k in The MBA Fund pitch competition
Five Harvard startups successfully received funding at The MBA Fund’s 2021 Annual Pitch Competition held on April 21st. Started in 2018, The MBA Fund is an early-stage fund that backs student and alumni founders from Harvard, Stanford, and Wharton. Since 2019, the fund has also organized an annual pitch competition where student/alumni founders present their startups to VC judges in…
Cloudastructure Raises More Than $29 Million in First RegA+ Offering
Cloudastructure, which provides cloud-controlled video surveillance systems to enterprises, announced today it has secured more than $29.6 million in crowd-sourced commitments from more than 10,000 investors and over $22 million in exercisable warrants in its first RegA+ offering.
dTrade Closes $6.4M Seed Round
We are happy to announce that dTrade has closed a seed investment round co-led by Three Arrows Capital and DeFiance Capital, with Polychain Capital, ParaFi Capital, Huobi, Mechanism Capital, Magic Ventures, Bixin Ventures, IOSG Ventures, Hypersphere Ventures, DeFi Alliance, LongHash Ventures and Fenbushi Capital participating.
Bidali: Next Generation Payments and Gift Cards
Bidali aims to create the world’s first user-owned bank and payments network. It is extremely difficult to make the transfer of value from crypto to dollars and back smooth, but Bidali and others are working to solve this problem to enable the next stage of crypto adoption.