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Celo, a decentralized payments protocol, has closed a $20m fundraise from investors including a16z (Andreesen Horowitz), Greenfield One and Electric Capital.

The post A16z backs DeFi payments platform Celo’s $20 million raise appeared first on The Block.

The Ethereum 2.0 or Eth2 staking contract now holds over 3 million ether (ETH), worth more than $5 billion at current prices.

The post Over 3 million ETH, worth more than $5 billion, has been staked in the Eth2 contract appeared first on The Block.

SCB 10X, the venture capital unit of Thailand’s Siam Commercial Bank, has launched a new $50 million fund to invest in blockchain and decentralized finance (DeFi) startups.

The post Siam Bank’s VC arm to invest $50 million in blockchain and DeFi startups appeared first on The Block.

Quick Take

• Mirror Protocol is a synthetic asset issuance platform built on the Terra blockchain (Cosmos SDK) that launched on December 3rd, 2020
• Since its launch, Mirror Protocol has facilitated a peak of $44.4 million in daily trade volume and has $188.9 million in locked liquidity
• Mirror Protocol’s design resembles that of stablecoin issuance protocol MakerDAO, which has led to an issue where synthetic assets trade at a premium to their real market price