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Coinbase Ventures backing DeFi in the Polkadot ecosystem

The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host of DeFi capabilities on Polkadot, as well as Karura, which is building a DeFi ecosystem on Kusama. Acala has already built four core products for the Polkadot ecosystem: Liquid DOT staking, a stablecoin, an automated market maker decentralized exchange and a sovereign wealth fund.

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Source: Cryptocurrency - investing.com

U.S. rolls out first update to flood insurance pricing in 50 years

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