Great report by Bloqboard on decentralized lending activity occurred in 2018, when a whopping $250M worth of crypto denominated loans and borrows were routed via open protocols and settled on public blockchains.
"the most interesting aspect of MakerDAO is the fact that its interest rate (‘stability fee’) is completely independent of the Fed funds rate. It has seeded a new borrowing rate — one that is highly competitive and sustainable due to its robust cryptoeconomic ecosystem."
In depth piece exploring the implications of an at-scale CDP market with MKR.
Extremely in-depth analysis of LBC volume and trends.
The conclusion gives chills: "in the 4th quarter of 2018, as Bitcoin price and interest seemed to hit their doldrums, 23 countries on LBC had their best quarters ever. Almost all of these countries are in the developing world."
A decentralized, unstoppable and uncensorable alternative to Patreon is here, built on Blockstack and using BTC on-chain or Lightning for payments. Creators will 'own' their patrons and their data and no one will be able to censor them financially. Just how it was meant to be.
A glimpse into the future of open finance investing with Abra's latest feature, which enables anyone (from a list of 155 countries) with bitcoin in her wallet to invest in traditional stocks, commodities and ETFs.
Abra is deploying the same technology (crypto collateralized contracts) used already for trading of crypto assets and fiat currencies to other asset classes, taking the risk of price movements in the collateral and hedging it away in the open market.
Another slightly unusual one this week: a state-backed regional fund (GO Philly Fund) is raising $50M for a blockchain focused fund to invest in startups located in the broader Philadelphia area.
The $15M first closing comes from institutional investors like EPAM Systems, Pennsylvania’sBen Franklin Technology Partners, Provco Group, Fulton Bank and SRI Capital, while the remaining $35M will be raised via a STO (powered by the Securitize platform).
Dharma Labs, the makers of the decentralized lending protocol, have closed a $7M round led by existing investor Green Visor Capital and participated by Coinbase Ventures, Polychain Capital, Y Combinator, Passport Capital, Blockchange and Ripple’s Xpring fund.
The funding seems geared towards taking to market Lever, an application built on top of Dharma's own lending smart contracts that allows traders to execute high-volume non-custodial margin lending of crypto assets competing with centralized alternatives, BlockFi and Genesis and to some extent with decentralized dydx/expo, Maker etc.
Dharma took the non ICO route back when every man and his dog was doing one, so it's now flexible enough to explore more traditional monetization routes with a fee making business such as Lever.
Donut has raised a $1.8M (€1.6M) Seed round led by Redalpine with participation from AngelList’s Philipp Moehring and Andy Chung, N26 Bank board member Marcus Mosen and former N26 CMO Kelly Ford; for a "new home for your digital assets".