Meme Coins

2020 DeFi Recap so far

2020 DeFi Recap (So Far)

This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.

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Vitalik Whiplashes Holders of SHIB Meme Coin and Sells Tokens for Charity

ETH’s and BTC’s impressive recent growth had nothing on dog-based meme coins ––at least until Ethereum’s creator, Vitalik Buterin, stepped in to sell a large chunk of the token’s total supply to give the proceeds to charity. GameStop stock and Dogecoin have proven memes have real market power. But the thing about meme coins is …

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Dissecting the Memenomics of Dogecoin

Another week, another wild, Elon Musk-tweet driven, Dogecoin gyration. The latest one has chart arrows pointing down. But beyond what’s behind the most recent swing, let’s look at what’s driving the whole pendulum: hype. Irrational speculative manias have been present as long as there have been markets; they’re a part of human nature. But at …

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“It Was Exciting But Also Terrifying:” Yam Finance’s Backstory

In this week’s interview, I spoke with Dan Elitzer and Clinton Bembry, who were part of the founding team of Yam. Yam Finance is an experiment in rebasing cryptocurrencies, plus token incentives, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji and opened the …

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Was it a Pump and Dump? Few Will Ever Understand

A leaked Telegram chat has the DeFi community decrying that some of the space’s most well-known influencers were orchestrating a pump and dump scheme around a token called $FEW, an accusation the crypto personalities involved deny. The question is whether the group was created with the specific purpose of leveraging the members’ follower base to …

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YAM Finally Finds Fertile Ground After Succesful Rebase

Yam Finance’s first successful monetary exercise yesterday marks a new start to DeFi’s original food-based token YAM is an experiment in rebasing cryptocurrencies, plus token incentives (aka yield farming) to drive liquidity, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji. Its Aug. 11 …

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Hypebeast Culture Drives MEME Rally Amid Market Bloodbath

It was a sea of red in the market yesterday. But while Ether slid by almost 10% and all DeFi tokens plunged even deeper, one project astonished the crypto world accelerating the 10x increase it had seen in the last seven days: $MEME A ticker most would pass off as a pump and dump. But …

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