DeFI News by Thebittimes.Com

Crypto All-Stars ($STARS) has now raised $2.1 million in its ICO as meme coins appear to be gearing up for another supercycle. In just two months, Crypto All-Stars’s fundraising efforts managed to pull in an average of over $260,000 each week from investors eager for the launch of the industry’s first unified meme coin staking platform, which will serve as a returns multiplier for tokens in the sector amid another bull run. With meme coins reaching a collective valuation of $50 billion in October and substantial returns from micro-cap meme coins making headlines – surpassing even Bitcoin’s ($BTC) returns – the evidence points to an imminent bullish push. Crypto All-Stars provides not just mere novelty but also a way for the sector to generate gains in both bullish and bearish market conditions.  Investors looking to support the launch of this protocol can currently participate in the presale at $0.0014887 per $STARS toke...

Polygon co-founder Sandeep Nailwal and Stani Kulechov, founder of Aave, were among investors in a fundraise for Llama, a protocol aiming to provide easy-to-use tools for on-chain organizations. Llama, an access control and governance platform for smart contracts, raised $6 million during a seed funding round led by Founders Fund and Electric Capital. The capital raise is earmarked for further development of Llama’s platform which co-founders Shreyas Hariharan and Austin Greene say would allow developers to focus on their core products.  Llama is excited to announce our $6 million seed round led by @foundersfund and @ElectricCapital to streamline access management for smart contracts. pic.twitter.com/11UmcKcfy4 — Llama (@llama) November 6, 2023 Hariharan’s statement regarding the announcement noted that builders could leverage Llama to scale their on-chain entities by defining roles and permission for critical actions such as protocol upgrades, moving treasury funds, edi...