Questions remain about promised scalability improvement from Ethereum 2.0.
The bug resulted in roughly 2,000 ETH (or $4.8 million at today's prices) being returned to borrowers prematurely.
A16z led the round, which will enable the startup to build a network of lenders and borrowers and ramp up hiring.
The Rainmaker program aims to bring more liquidity to Ethereum and Polygon-based decentralized finance (DeFi) ecosystems.
The San Francisco-based DEX builder has processed $2.2 billion in trades and is now “hugely profitable.”
The project, led by Tendermint’s former strategy lead, secured backing from Polychain Capital, Coinbase Ventures and others.
Custody and trading services for DeFi tokens is the first step, to be followed by a suite of yield-generating products.
Polygon’s cheaper transaction costs and faster block time have driven increased adoption by a number of major projects.
“Proof-of-HUMANity” could also thwart front-running DeFi bots.
Pantera and Polychain are backing the project.
Positive news from El Salvador couldn't completely overcome negative news out of China.
The India-based startup will use the funding to continue developing a “middleware” layer for the DeFi ecosystem.
The money came from a "crowd loan" and included more than 8,500 contributors.
The project's UND token interacts with AMMs like Uniswap and PancakeSwap.
Oxygen will enter its beta stage in the next two to three months, co-founder Alex Grebnev said.