Curve’s Stablecoin Trades Within 0.5% Range For First Month

MakerDAO Mulls Proposal To Boost DAI Savings Rate

Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

FTX Leadership Borrowed Over $1B From Alameda

DeFi Users Jump But Boom is a Mirage: Chainalysis

SBF Rues FTX Bankruptcy Filing As Screws Tighten: Report

Podcast: JPMorgan’s First DeFi Trade: Behind The Scenes

Does SBF Have A Get Out Of Jail Free Card?

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Businesses Can Now Accept USDC With Apple Pay

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash

Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report: Decrypt

Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager: Source: CoinDesk

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Fall of SBF’s Empire Rocks Layer 1 As It Was Rebounding From Tough Year

 There was a time when Solana’s relationship with Sam Bankman-Fried was a good thing. Not anymore. Perhaps no DeFi player has been hit harder by the FTX disaster than Solana, the Layer 1 blockchain that, until recently, had attracted users and buzz with its high-speed, low cost performance.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Incoming CEO John Ray Cites ‘Complete Absence of Trustworthy Financial Information’

 Former FTX CEO Sam Bankman-Fried and other executives at the now-bankrupt crypto exchange were loaned more than $1B by sister company Alameda Research, according to a 

 released Thursday. Another $2.3B was loaned to Paper Bird Inc. Alameda, Paper Bird and FTX are largely or wholly owned by Bankman-Fried and are among the 100-plus companies in his empire to have filed for Chapter 11 bankruptcy in Delaware last week.

Liquity’s Chicken Bonds enhanced yield with DeFi Saver

 is an all-in-one dashboard for creating, managing and tracking positions with automatic liquidation protection and leverage management options for only the most trusted DeFi protocols, Liquity among them.

Liquity, interest-free borrowing protocol built on Ethereum, recently introduced a novel product offering 

. Chicken Bonds are a new, innovative form of bonding mechanism in DeFi.

 to those willing to bond their Liquity native stablecoin LUSD. In exchange for depositing and bonding LUSD, users accrue boosted LUSD (bLUSD), derivative token.

Primary benefit for bonding LUSD instead of supplying to Liquity’s Stability Pool is the 

 users get from Liquity’s internal liquidation mechanism as well as from other liquidity sources like the pools in Curve. Alongside improved liquidity for the LUSD stablecoin, the most important benefit to users is 

bonding with no time commitment or maturity

. Users can withdraw principal LUSD fully and 

 at any time, renouncing the accrued interest. The other option being to 

 and claim accrued bLUSD, forgoing the initial LUSD deposit.

As the most comprehensive decentralized frontend for Liquity, 

continues its devoted support with dedicated Chicken Bonds dashboard and advanced protocol actions and strategies. Alongside basic actions, DeFi Saver offers users options to Claim and Sell bLUSD or Rebond (Claim, Sell and create new bond). DeFi Saver team is even preparing automation options for the new Liquity innovation.

Get the most out of your Liquity experience with 

Data Shows Activity Spike Came from Existing Users and MEV Bot

 Ever since FTX halted withdrawals and filed for bankruptcy last week, several DeFi protocols have enjoyed surging transaction volumes and fee revenue. However, FTX’s collapse has not spurred a rush to self-custody, according to research from blockchain analytics firm Chainalysis.

Says Altruist Persona Was ‘Just PR’ in Wide-ranging Interview with Vox

 Disgraced FTX co-founder and former CEO Sam Bankman-Fried (SBF) said his overtures to regulators and his cultivated image as a do-gooder were “just PR” in an 

Terraform Labs Commissioned Study to Quantify Support for Stablecoin During May Crisis

 In a bid to quell speculation about how Terra defended its stablecoin UST during its meltdown last May, two organizations connected with the failed blockchain ecosystem spent a whopping $3.4B in May to support its dollar peg, according to an audit released Wednesday.

that are changing the world, and dive into a variety of topics such as institutional crypto adoption, crypto investing for institutions, DeFi, crypto derivatives, stablecoins, tokenization, issuance of digital assets, regulation, web3, custody & wallets, metaverse and gaming.

 MakerDAO, the No. 1 DeFi platform with more than 

 in total value locked, now allows users to transfer its DAI stablecoin between Ethereum’s mainnet and Layer 2 networks, the protocol announced on Wednesday.

 Circle, the issuer of the dollar-pegged USDC stablecoin, has unveiled an integration with Apple Pay, the payment service with over half a billion 

 around the globe. Merchants will be able to accept USDC as payment using this new feature.

Don’t look now, but the FTX collapse has spurred a wave of interest in decentralized finance platforms. DeFi protocols are experiencing double digit increases in the number of users over the past week, according to data from Nansen, the blockchain analytics platform.

Crypto lender Genesis tried to raise a $1 billion loan from investors to avoid a “liquidity crunch” driven by the fallout from crypto exchange FTX’s collapse, according to a 

, the American arm of the world’s largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to a person familiar with the plans.

If you have received a grant from us then you are eligible to claim an Aave Grants NFT through 

!

Creating an on-chain credential will help build connections between grantees and allow other communities to engage with grant recipients 👻

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Alp Gasimov. Podcast was led by Camila, edited by Alp.

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News

Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

FTX Crisis

FTX Leadership Borrowed Over $1B From Alameda

DeFi Users Jump But Boom is a Mirage: Chainalysis

SBF Rues F...

🌪 Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL