Andrea Dal Mas’ Post

"... Brevan Howard Digital & Framework Ventures co-led $69 #million #funding round for Berachain at $1.5 #billion #valuation, citing sources.Last year Berachain raised a $42M SeriesA with #investors including #HackVC, #Polychain, #ShimaCapital, #CitizenX and #RobotVentures. Berachain is a #Layer1 #Ethereum compatible blockchain built using #CosmosTechnology...Cosmos is known for its Inter-Blockchain Communication Protocol (#IBC), one of the popular blockchain interoperability solutions. For example, #MUFG is integrating Japan’s #Progmat Coin stablecoin platform with public blockchains using technology based on IBC. ... #Berachain is novel in several ways Berachain aims to address one of #cryptocurrency ’s #challenges. If crypto holders want to earn a return on their crypto, they have to choose between staking in Proof of Stake networks like Ethereum or locking up their crypto in #DeFi #liquidity #pools. Berachain essentially combines the two. Hence, instead of #ProofOfStake, it calls its consensus mechanism #ProofOfLiquidity.  There’s a two step process. In order to participate, crypto holders have to lock up their tokens with a DeFi liquidity pool, whether that’s an #AutomatedMarketMaker (#AMM), a lending protocol or something else. From this they earn one of the #blockchain’s native #tokens, BGT, which cannot be sold. The liquidity provider has two options with their earned #BGT tokens. They can either stake BGT with one of the blockchain’s validators and earn a return in the form of a native #stablecoin, Honey, or convert BGT to a liquid tradable token, BERA. Hence, unlike Ethereum, which uses #ETH for #staking and gas, Berachain uses two tokens. BGT is for staking/delegating and governance and BERA is for gas used to run #smartcontracts. There’s not a lot of detail on #Honey, but we’re guessing it will be an #algorithmic #stablecoin. The documentation states Honey will aim to be equivalent to one USDC. BGT uses governance extensively. New DeFi protocols, liquidity providers, tokens have to pass governance votes to be used in the DeFi protocols. There’s extensive use of whitelists. One other feature is that the blockchain’s founders are so far pseudonymous. Berachain is squarely targeting the #DeFicommunity. For a blockchain that has yet to launch, it has a large and active social media following. For example, it has more than 850,000 followers on X, compared to a million for Avalanche. #BrevanHowardDigital ’s blockchain interest It’s not surprising that Brevan Howard Digital chose to #invest. Berachain combines two themes it has already shown an interest in – blockchain #interoperability and DeFi. It was one of the backers of the Wormhole cross chain interoperability solution. It also plans to use the #DeFi #fund #tokenization #protocol #Libre." Ledger insights  #blockchainfunding #BrevanHoward #Decentralizedfinance DeFi #distributedledger #DLT #Bloomberg #Frameworkventures ##VC #VCs #assetmanagement

We're thrilled to share the latest milestone achieved by our client, Blockchain Venture Capital Inc. (CSE: BVCI). In their recent press release, BVCI reveals a groundbreaking development in the world of #blockchain and distributed ledger #technology. 🌐 Breaking Barriers: Bridging Private and Public Chains BVCI has successfully connected its proprietary BVC Chain, a cutting-edge private blockchain platform and distributed ledger technology, with Polygon Labs, a public blockchain designed to create a multi-chain system compatible with Ethereum. This innovative prototype marks a significant step forward, subject to regulatory approvals, towards enabling trading capabilities between BVCI’s CADT stablecoin and numerous other #cryptocurrencies. 💵 CADT Stablecoin: Redefining Stability in the Canadian Crypto Landscape BVCI's CADT stablecoin is a pioneer in #Canada, being the first stablecoin fully backed by Canadian dollars held in custody by a federally regulated Canadian financial institution. Designed to mitigate the volatility commonly associated with cryptocurrencies like Bitcoin, CADT presents a stable and secure alternative for #investors and enthusiasts alike. Read the full press release here: https://lnkd.in/esXSk3iS Skyline is paid by $BVCI for IR services. Disclaimer 17(b) here: https://lnkd.in/dfxAN_h

🤖🪙 Lombard, a #startup aiming to integrate #Bitcoin into the Decentralised Finance (DeFi) space, has successfully secured $16 million in seed #funding. This funding round signifies growing interest in harnessing the potential of Bitcoin within the Web3 ecosystem. 📈 Polychain Capital led the seed round, with participation from a consortium of prominent investors including BabylonChain Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund, Nomad Capital , and strategic partnerships with major cryptocurrency exchanges like Bitget, Bybit, and OKX. 🤖 Read more here: https://shorturl.at/WILzU Olaf Carlson-Wee David Tse #crypto #fintech #technology #news #innovation

Blockchain technology is poised to potentially unlock a $400 billion revenue opportunity for asset managers by enabling the tokenization and fractionalization of private assets, according to Polygon Labs head of institutional capital, Colin Butler, who explains to Cointelegraph how the financial sector is on the brink of launching blockchain-based products and services that could disrupt the global finance landscape.

🔥 💱 Cryptocurrency is hitting the finance market hard and transforming it from the core. And the city of Zurich is not behind in this race! 💎 💰 I'm excited to share our latest article showcasing Zurich's influential cryptocurrency startups changing the memory of our finance market. Read it here 👉 https://lnkd.in/eUc-j6BD In the spotlight we've 15 remarkable tech startups and their pioneers. Featuring : 1. Shift Cryptosecurity - Founded by Arnold Sternberg, Douglas Bakkum, Dr. Jonas Schnelling 2. Diamond Digital 3. Swisscard AECS GmbH 4. Glasschain AG Analytics - Founded by Alessandro Pecorelli, Matthias Gysi 5. MyMultiMiner GmbH 7. Juubel - Founded by Cihan Kuekmen 8. Trade6ix GmbH 9. 21Shares - Founded by Hany Rashwan, Ophelia Snyder 10. 21.co - Founded by Hany Rashwan, Ophelia Snyder 11. U•HODL - Founded by Artem Krotov 12. Rockaway Blockchain Fund - Founded by Jakub Havrlant, 14. BRD - Founded by Aaron Voisine, Adam Traidman 15. Santiment AG - Founded by Maksim Balashevich More power to these Startupsheroes and their ventures! Keep up the great work and keep transforming our world! #finance #cryptocurrency #startups #Zurich #fintech #blockchain #innovation #financeMarketTransformation

🏛️💰 Maker: A Comprehensive Overview 💰🏛️ 1. Inception and Purpose: 🚀 Origins of Maker: MakerDAO, the organization behind Maker, was founded in 2014 by Rune Christensen. MakerDAO's primary goal is to create a decentralized stablecoin ecosystem on the Ethereum blockchain. Maker's flagship stablecoin, Dai, is designed to maintain a stable value pegged to the US dollar through a system of collateralization and decentralized governance. 💡 Decentralized Stablecoin: Maker's mission is to provide a decentralized alternative to traditional stablecoins by creating a stable and reliable cryptocurrency backed by collateral and governed by a decentralized community. Dai's stability is maintained through smart contract mechanisms that adjust the supply based on market demand and collateralization ratios. 2. Technology and Features: 🔗 Collateralized Debt Positions (CDPs): Maker operates on the principle of Collateralized Debt Positions (CDPs), where users lock up collateral assets, such as Ether (ETH), to generate Dai stablecoins. These collateralized assets are held in smart contracts, and users can generate Dai up to a certain percentage of the value of their collateral, known as the collateralization ratio. ⚙️ Dai Stability Mechanisms: Maker utilizes several stability mechanisms, including the Dai Savings Rate (DSR) and the Stability Fee, to maintain Dai's peg to the US dollar. The DSR incentivizes users to lock up Dai in savings contracts by earning interest, while the Stability Fee adjusts based on market conditions to encourage or discourage Dai generation. 3. Adoption and Ecosystem: ⚡ Growing DeFi Ecosystem: Maker has become a cornerstone of the decentralized finance (DeFi) ecosystem, with Dai serving as a key stablecoin for lending, borrowing, trading, and other financial activities on Ethereum and other blockchain platforms. Its robust and decentralized infrastructure has attracted a diverse range of users and applications. 🌐 Integration with DeFi Protocols: Maker's Dai stablecoin is integrated with various DeFi protocols and platforms, including decentralized exchanges (DEXs), lending platforms, liquidity pools, and payment networks. Its stability and liquidity make it a preferred choice for users and developers seeking to access and utilize decentralized financial services. Category: Governance Date of launch:2014 Founder: Rune Christensen Link to the CoinMarketCap:https://lnkd.in/euw2Z3a4 Link to the Website:https://lnkd.in/egt49GAD 🏛️💰 #Maker #Dai #DeFi @MakerDAO @ethena_labs @summerfinance_

Ever wondered which Bitcoin startups are truly revolutionizing the Crypto Industry in California? 🧐 We've profiled some of the most exciting and promising companies in the industry, and we are thrilled to introduce them to you! 🎉 Read more: https://lnkd.in/eZp3MGQy 📖 Featuring: CryptoWise.ai The risk-enduring Mandril Exchange from Andre Askari Verifybtc, a smart initiative by Gabriel Rojo, Weili Hong, and FinTech at Berkeley, a cooperative with no known founders yet providing massive value. BitIRA and First Digital IRA (FDIRA), startups making waves in the Bitcoin and Cryptocurrency world. Research warriors Arrowlabs Cryptography pioneers Fabric Systems Blockchain enthusiasts iCoin Technology AI & Crowdsourcing trailblazers Caroami Crypto data visualization giants LunarCrush founded by Joe Vezzani and Jonathan F. Masters of multi-chain swapping Layr Let us know who your favorite is! 🌟 #Bitcoin #Cryptocurrency #Blockchain #FinTech #Startup #CaliforniaStartups

Terraform Labs' Early Investors: Unveiling The Montenegrin Prime Minister In the rapidly evolving world of cryptocurrency, every piece of news can significantly impact market trends and investor confidence. Recently, the spotlight has turned to Terraform Labs, a notable pla Author: Betty Ligmart https://lnkd.in/ekM3S9hb #Crypto #News #TerraformLabsblockchain #TerraformLabscrypto #TerraformLabsnews #TerraformLabsprojects #TerraformLabstechnology

Binance Labs Spins Off from Binance Group Despite the reorganization, Binance Labs continues its operations, investing in projects like Babylon and providing incubation for various initiatives. Binance Labs, the foremost cryptocurrency exchange by trading volume globally, seems to have been spun off, according to the website of the venture capital and incubation division. This action took place earlier this year, signifying a noteworthy progression throughout the four-month tenure of CEO Richard Teng. The website of Binance Labs now unequivocally declares its autonomous operation, distinct from that of […] Binance Labs Spins Off from Binance Group #BinanceGroup #BinanceLabs #CryptocurrencyExchange

BITCOIN-NATIVE STABLECOIN PROJECT BITSMILEY JOINS FORCES WITH PORTAL TO MAKE DEFI ON $BTC MAINSTREAM - bitSmiley is the first project looking to build a stablecoin native to the #Bitcoin network itself and is backed by top investors such as @OKX  Ventures and ABCDE, the latter of which was founded by Huobi co-founder DujunX. - Portal_Finance meanwhile is leading omni-chain DeFi protocol with products such as cross-chain DEXs, Swap SDKs, and wallet solutions. - Portal is backed by the likes of ShimaCapital and NGC Ventures. - The pair’s partnership, announced today, will see BitSmiley’s $bitUSD stablecoin become accessible on networks outside of just $BTC. - According to J, co-founder at bitSmiley… "With our stablecoin, $bitUSD, integrated into the Portal DEX Network, we are enhancing the trading landscape with more diverse asset trading and collateral options." - BitSmiley chose to partner with Portal owing to its security-first cross-chain technology which involves “no bridges, custody or wrapping”. - BitSmiley’s overcollateralized stablecoin will further become purchasable using non-Bitcoin native cryptocurrency assets - a key component in the project’s vision of making ‘DeFi on Bitcoin (BTCFi) broadly accessible’. - Portal founder Chandra Duggirala further added… "Currently, bitSmiley's Bitcoin-based $bitUSD stablecoin is minted by depositing only native BTC, but we are excited for Portal Network's cross-chain atomic swaps architecture to support a groundbreaking, new collateralization feature." Image: BitSmiley/Portal