WonderFi acquires parent company of Bitbuy for $162M - Deepstash
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WonderFi acquires parent company of Bitbuy for $162M

DeFi platform WonderFi Technologies agreed to purchase First Ledger Corp , the parent firm of the first regulated crypto exchange in Canada, Bitbuy, this week for an impressive $162 million in a bid to expand the presence of cryptocurrency and DeFi across the country.

Backed by renowned billionaire investor Kevin O’Leary, WonderFi detailed its method of funding the takeover through the issuance of 70 million new shares, paying $15.7 million in upfront cash in addition to $23 million in deferred cash via a vendor-take back note due in 12 months.

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Terra Research proposes new utility for TerraUSD and LUNA

“UST Goes Interchain: Degen Strats Part Three,” the lengthy governance post extensively detailed the methods and procedures in which Terra’s native token, LUNA , and $139 million of TerraUSD (UST) could be deployed to “bring awesome UST us...

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DeFi liquidity provider and market maker Tokemak would receive $50 million in UST for a maximum of six months, and lending and borrowing platform Rari Fuse would receive $20 million in UST across the same period. Yield aggregator Convex Finance would receive $18 million, while OlympusDAO would ge...

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Terra Research presented a governance proposal to expand the influence of UST and LUNA, Aave Arc launched a DeFi pool for whitelisted projects, and WonderFi Tech purchased First Ledger Corp for $162 million — all coming to you in this week’s Finance Redefined.

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New service Aave Arc aims to enhance institutional adoption in DeFi

thirty organizations were granted primary whitelist entry to the service, including digital asset custodian Fireblocks, alongside Anubi Digital, Canvas Digital, SEBA Bank, GSR and crypto yield aggregator Celsius.

Following the successful completion of prerequisites such as Know Your Custome...

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