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

MakerDAO Mulls Proposal To Boost DAI Savings Rate

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Genesis Halts Withdrawals At Lending Business

Congressional Hearing on FTX to Cast Spotlight on Crypto’s Annus Horribilis

SuperRare Auctions NFT Subscription Passes For More Than $4M

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

CZ Strives to Show Binance is Different From FTX

Unsecured DeFi Lenders Look Shaky in Face of FTX Contagion

House Committee Calls on SBF, Binance to Testify on FTX Collapse: Decrypt

FTX’s former CEO claims crypto exchange is still solvent: The Guardian

Overcollateralization in DeFi. Always traceable, block by block: MakerDAO

A word from our wonderful sponsors, who make this newsletter possible:

 is the leading decentralized liquidity protocol. Aave governance has greenlighted the development of GHO – a decentralized, collateral-backed stablecoin that will be native to the Aave protocol. Launching on testnets soon!

 is revolutionizing Bitcoin mining with a decentralized marketplace for buying and selling hashpower. Help us test the network in beta and earn real BTC hashpower to sell, trade, or mine. 

DeFi should be better – and it’s about to get radically better with 

. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. 

 is a permissionless & secure Ethereum Smart Layer 2 creating the decentralized finance foundations for the web3 economy. Bridge Free & explore our ecosystem during our first anniversary!

, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. 

DeFi Lender Unaffected by FTX Yet Takes Steps to Fend Off Potential Contagion

 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.

, the service supports leading Layer 2s Arbitrum and Optimism, enabling near-instant transfers between the two chains and fast withdrawals back to the Ethereum mainnet.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Users Of Gemini Earn Unable to Withdraw Assets as FTX Contagion Spreads

 Genesis Global Capital, the lending arm of leading digital asset brokerage Genesis Trading, announced Wednesday that it has halted withdrawals and new loans due to “unprecedented market turmoil” created by FTX’s collapse.

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 

House Financial Services Committee to Call SBF to Testify on Exchange’s Failure and Practices

 In a year when regulators and lawmakers were bearing down on cryptocurrencies, the FTX disaster was the last thing the industry needed. And now, the U.S. House Financial Services Committee plans to hold a hearing in December on the failure of the No. 2 crypto exchange.

Magic Eden Raises ‘Fair Mint’ Mechanism in Busy Week for NFTs

 SuperRare, an Ethereum-based NFT marketplace that generated over $250M in sales, is experimenting with a new way for serious collectors to acquire pieces from leading artists in the NFT space.

 On Nov. 16, a collection of 250 Genesis RarePasses was sold through a Dutch Auction that started at 138 ETH ($166,000) after RarePass #1 was purchased at that price.

Podcast: Robinhood is coming after MetaMask with Polygon Web3 Wallets

A Step-by-Step Guide to One of Ethereum’s Key Scaling Solutions

 Polygon has become a Swiss Army-knife for fixing Ethereum’s scalability problems. One of the latest methods Polygon uses to make Ethereum’s ecosystem faster and more efficient is zkEVM, the zero-knowledge Ethereum Virtual Machine.

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.

 Just like FTX, Binance maintains billions of dollars worth of its own tokens on its balance sheet. So is the globe’s No. 1 cryptocurrency exchange vulnerable to the same type of bank run that poleaxed Sam Bankman-Fried’s exchange last week? 

 The fallout from FTX’s collapse is just starting and within decentralized finance, platforms enabling unsecured loans are the most exposed relative to collateralized counterparts with millions in loans on the line, while total value locked slides.

The House Financial Services Committee will next month hear from Sam Bankman-Fried on the collapse of his crypto empire, lawmakers announced today.

Sam Bankman-Fried, the former chief executive of the 

, has claimed the company he founded is still solvent, even as its new boss, who oversaw the final days of Enron, begins the formal bankruptcy process.

Overcollateralization in DeFi. Always traceable, block by block. → 

News

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Genesis Halts Withdrawals At Lending Business

Congressional Hearing on FTX to Cast Spotlight on Crypto’s Annus Horribilis

NFT Roundup

SuperRare Auctions NFT Subscription Passe...

🏎 MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults