News

Coinbase Invested 1.1 million USDC in Uniswap and PoolTogether

The largest U.S. crypto company Coinbase has invested USD 1.1 million Coin (USDC) in the non-custodial exchange Uniswap and a decentralized lottery service PoolTogether.

John Williams

Apr 2, 2020 — 1 min read

The largest U.S. crypto company Coinbase has invested USD 1.1 million Coin (USDC) in the non-custodial exchange Uniswap and a decentralized lottery service PoolTogether.

In particular, 1 million USD Coin was invested in the liquidity pool of the USDC/ETH Uniswap service. The remaining 100,000 USDC were invested in the Compound-based PoolTogether lottery to increase user rewards.

The funds were invested through the Bootstrap Fund, created by Coinbase in September 2019, which specializes in supporting projects from the field of decentralized finance (DeFi). Also last Autumn, the U.S. company invested a million dollars in DeFi- service Compound and trading protocol dYdX.

According to DeFi Pulse, the total value of Ethereum blocked on smart contracts of financial applications is $643 million.

It should be noted that in February this figure exceeded $1 billion. It is possible that the decline in the figure is more due to a sharp drop in the price of Ethereum than to a decline in activity of users of DeFi applications.

RACE Protocol Introduces RACE Heroes NFT Pre-sale, Offering Exclusive Benefits for Early Adopters

RACE Protocol, a multi-chain infrastructure designed to facilitate the development and deployment of secure and fair web3 games, is thrilled to announce the launch of its RACE Heroes NFT Pre-sale. This exclusive collection of 10,000 unique NFTs provides early adopters with the opportunity to become a key part of

ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America

Vancouver, Canada, April 18th, 2024, Chainwire ceτi AI, a leader in decentralized artificial intelligence infrastructure, is pleased to announce its acquisition of Canadian company Big Energy Investments Inc., a firm specializing in strategic investment in high-performance computing infrastructure. This acquisition marks a significant first step in ceτi AI’s strategy

SeedHunter Marketing Module is live - Web3 Influencer Campaigns with payment in Stable Coins

Dubai, UAE, April 18th, 2024, Chainwire SeedHunter is a dedicated platform that facilitates and fosters collaborations between influencers and crypto projects to gain traction in the web3 community. The company has a new and fresh perspective on how to match high-potential influencers and KOLs with respective crypto projects and investors

Befitting His Lightning-fast Abilities, Speedy has Launched on Fantom Chain

Residing on the quickest blockchain network, meet Speedy, the lightning-fast dog on the planet. A product of The GOAT Foundation—pioneer web3 meme incubator—Speedy is live on the advanced and superior Fantom Chain. Acknowledged globally as the fastest dog, per the project website, Speedy starts a new chapter. Armed

Read more

RACE Protocol Introduces RACE Heroes NFT Pre-sale, Offering Exclusive Benefits for Early Adopters

ceτi AI Acquires Big Energy Investments Inc. to Boost Its High-Performance Computing Capabilities in North America

SeedHunter Marketing Module is live - Web3 Influencer Campaigns with payment in Stable Coins

Befitting His Lightning-fast Abilities, Speedy has Launched on Fantom Chain