Protocol

Interoperability protocol LayerZero’s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz’s (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens …

Resolv Labs, the firm behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto-native yield platform and USR stablecoin, the team told CoinDesk in an exclusive interview. The …

Also: New grants for DePIN; DAO governance merger

An unexpected change in the redemption mechanism of the protocol’s yield-generating token caught investors off-guard, throwing the DeFi community into disarray.

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 7-13.