Posted 9/7/2023, 11:00:00 AM

Pantera Capital Leads $16.5M Investment in ZK-Powered DEX Brine Fi at $100M Valuation

Brine Fi raises $16.5M led by Pantera Capital at $100M valuation
Fundraising notable amid VC winter for crypto/blockchain startups
DEX volumes have plunged in crypto bear market
Brine Fi uses StarkWare for high-speed, private trades on Ethereum
Aims to attract institutions worried about front-running, costs
Pantera sees demand for self-custodial DeFi with better UX

coindesk.com

Relevant topic timeline:

9/8/2023

Brine Fi Raises $16.5M for Decentralized Crypto Exchange Offering Privacy and Front-Running Protection

Brine Fi, a decentralized crypto exchange (DEX), has raised $16.5 million in Series A funding at a valuation of $100 million, attracting investor interest due to its orderbook-based system and privacy features, as well as the recent scrutiny faced by centralized exchanges. The DEX aims to combine the benefits of a DEX and a centralized exchange (CEX) by offering features such as an orderbook and zero-knowledge proof technology to prevent frontrunning. Brine Fi is targeting both retail and institutional traders and plans to comply with potential regulatory requirements in the future.

9/23/2023

DeFi Activity Slows in August Despite New Investments; Exploits Hit Balancer and None Trading

Summary: Economic activity in the DeFi sector dropped by 15.5% in August, according to an analysis by investment management fund VanEck, while blockchain capital announced two new crypto-focused funds totaling $580 million, and Balancer protocol attributed its recent exploit to a vulnerability in its DNS service provider. Additionally, Chainlink and Arbitrum have partnered for decentralized application development, and the top 100 DeFi tokens experienced a bearish week.

9/26/2023

DeFi Derivatives Platform Avantis Labs Raises $4M to Enable On-Chain Forex and Commodities Trading

Decentralized finance (DeFi) derivatives ecosystem Avantis Labs has raised $4 million in a seed funding round led by Pantera Capital to grow its flagship product Avantis, a perpetual-trading and market-making protocol that aims to enable forex and commodities to be hedged and traded on-chain without the need for tokenization, with plans to expand its capabilities beyond perpetual trading to include options trading in the future.