MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

Hello Defiers! Here’s what we’re covering today:

Investors Plow $28M Into LUSD Chicken Bonds

Coinbase’s 1.5% APY is Half the Savings Rate Offered by Banks

Deribit Freezes Withdrawals and Deposits After $28M Exploit

Daily Defiant: PayPal’s Misinformation Fine Shows Why We Need An Alternative To Fintechs

Crypto Exchange Deribit Loses $28M in Hot Wallet Hack, Pauses Withdrawals: CoinDesk

MakerDAO co-founder Nikolai Mushegian dies at 29 in Puerto Rico: CoinTelegraph

GM spores, our frens @mycelium_xyz started a referral competition!: Arbitrum

Record $760M Stolen in Exploits During ‘Hacktober’

Aave Rolls Up its Sleeves With Only 5% of Goals Met

Multichain Questioned About Management of Millions in User Funds

The open economy is taking over the old one. Subscribe to keep up with this revolution. 

 (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

 is a community-led grants program, focused on growing a thriving ecosystem of contributors within Aave by funding ideas, projects and events that benefit the protocol or surrounding ecosystem.

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. 

Liquity Increases Protocol-Owned Liquidity By Nearly $500,000

 As yields across DeFi continue to slide lower, the use of a recently-launched novel mechanism is going up. Enter Chicken Bonds, a new product from Liquity that offers users an enhanced yield over a period of time in exchange for bonding the LUSD stablecoin.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Offering Comes After Last Week’s Partnership With MakerDAO

 Coinbase, the largest crypto exchange in the US, has

 that its users residing in the US, the U.K. and the European Union, excluding Germany and Italy, can now earn up to 1.5% APY on their USDC stablecoins.

Become a Goldfinch Member for enhanced yields

Goldfinch is a decentralized credit protocol with a mission to connect the world’s capital to the world’s growth, with yields generated by real-world lending to growing off-chain businesses, and loans fully collateralized by real-world assets. The protocol has been noted as having one of DeFi’s highest yields for USDC lending, with Investors earning a 7.8%—18.5% USDC APY, and up to 23% est. APY including GFI rewards.

: empowering Goldfinch’s Investors and aligning the protocol’s participants with the network’s long-term success.

Investors on Goldfinch will be able to join a Membership Vault to:

Receive yield enhancements via Member Rewards

Support Goldfinch’s growth and expansion

Access exclusive communication channels and other benefits

Goldfinch’s global network of Investors have already loaned over $100M USDC, reaching over 1M people and businesses via the protocol’s Borrowers across 20+ countries, to earn yields uncorrelated to DeFi’s volatility. Goldfinch Membership is a new opportunity to further align Goldfinch’s Investors with the protocol’s long-term growth.

Upgrade your participation for enhanced yields from Member Rewards, and own the new global credit paradigm. Sign up for the 

Exploiters Rip Off Hot Wallets at Exchange

 Deribit, a cryptocurrency derivatives exchange, has lost $28M in an exploit, the firm said Wednesday 

 The exploiter managed to compromise Deribit’s BTC, ETH, and USDC hot wallets shortly before midnight, Nov. 1, the exchange said.

A Step-by-Step Guide to Ethereum-based Applications

 A decentralized application (dApp) is software program hosted on a blockchain network and run by a smart contract. Unlike regular apps one uses on a mobile phone or a laptop, dApps are powered by multiple servers.

Crypto Exchange Deribit Loses $28M in Hot Wallet Hack, Pauses Withdrawals

Cryptocurrency options and futures exchange Deribit has been hacked, with $28 million being drained from its hot wallet.

Nikolai Mushegian, co-founder of the cryptocurrency lending platform MakerDAO and the decentralized Dai stablecoin, was found dead in Puerto Rico last week.

 started a referral competition!🍄



Check it out below.👇 





— Arbitrum (💙,🧡) (@arbitrum) 

Record $760M Stolen in Exploits During ‘Hacktober’ 

Call it Hacktober.The crypto market suffered a record $760M in exploits in October, according to 

, a blockchain security company which lists MakerDAO, DeFi’s largest protocol, as a customer.

Aave Rolls Up its Sleeves With Only 5% of Goals Met 

A v3 deployment on Ethereum, a stablecoin, and a debit card. Aave, the trailblazing DeFi lending protocol, has a lot of work to do.

Multichain Questioned About Management of Millions in User Funds 

The vast majority of crypto lost to hacks this year was stolen from bridges, the technology that allows users to transfer digital assets between blockchains.

🧑‍💻 ✍️ 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.

General chat on The Defiant’s Discord server

Full transcript of exclusive podcast interviews

 weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad

Weekly live DeFi Alpha call with yyctrader

 edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels

Subscriber-only chats on The Defiant Discord server

Full access to The Defiant’s content archive

Hello Defiers! Here’s what we’re covering today:

News

Investors Plow $28M Into LUSD Chicken Bonds

Coinbase’s 1.5% APY is Half the Savings Rate Offered by Banks

Deribit Freezes Withdrawals and Deposits After $28M Exploit

Podcast





Video

Daily Defia...

🐓 Investors Plow $28M Into LUSD Chicken Bonds