This Week in DeFi – March 4

DAI Interest Rates 30 Day Avg. 49 k66sCp

To the DeFi community,
This week, Electric Capital announced $1 billion in capital split between two funds, $400 million for VC investments and $600 million for investing in crypto tokens. The crypto-centric funding will be used to bolster projects in DeFi, decentralized infrastructure, and the NFT space, while also supporting participation in DAOs and helping grow Web3 participation.
 

1/ @ElectricCapital has raised $1 billion in new capital, our largest fundraise yet.
The web3 economy built on top of the programmable money stack will be one of the defining disruptions of the 2020s.
Where are we going to invest $1 billion?https://t.co/9no7saqyQK
🧵👇
— Avichal – Electric⚡️Capital (🇺🇦, 🇺🇦) (@avichal) March 1, 2022

 
1inch added support for P2P swaps on all supported chains, creating a potential new option to compete with OTC desks or other trades that can’t support large trades without significant slippage. Sharing addresses is also done via URLs instead o

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