🍣 0xMaki Says He “Won’t be Returning” to SushiSwap Amid Leadership Crisis

Hello Defiers! Here’s what we are covering today, News 0xMaki Says he “Won’t be Returning” to SushiSwap as it Wallows in a Leadership Crisis Balancer DAO’s Treasury Is Rapidly Diversifying Across DeFi Sudoswap to Test a DEX for Swapping NFTs NFT Game ...

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SushiSwap Crisis

0xMaki Says he “Won’t be Returning” to SushiSwap as it Wallows in a Leadership Crisis

LEAD SushiSwap has been mired in drama recently, with accusations flying, factions reportedly forming in the team and its CTO resigning. One of token holders biggest hopes throughout — as price and volume slips — has been that core developer 0xMaki would return. Those hopes may be dashed.

WON’T RETURN Maki, who stewarded SushiSwap in its early days and left the DEX on Sep. 17, told The Defiant he won’t return full-time to the project.

“I won’t be returning but will be advising/mentoring any individual or group of people who will be leading it for the next years,” the SushiSwap co-founder said over Twitter DM Wednesday.

STEALTH PROJECT Maki said he will begin working full-time in mid-January for a project currently in stealth mode. He is also advising projects like Tokemak, TraderDAO, and PieDAO, among many others.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Treasuries

Balancer DAO’s Treasury Is Rapidly Diversifying Across DeFi

DIVERSIFYING The Balancer community has begun integrating itself with other decentralized finance protocols by trading its governance tokens for those of other DAOs, also known as treasury swaps.

TREND This could be the start of a larger trend of DAOs taking a more active role in other DAOs, using the strength of their holdings to trade for influence across decentralized finance (DeFi). Holders of Balancer’s governance token, BAL, are considering two proposals now, from mStable and PrimeDAO, following a successful proposal from the algorithmic stablecoin project, Fei, that closed on November 12.

“For now we (BLabs founders/investors) don’t vote to avoid any influence on the community’s opinion. However we are very excited about these swaps that generate long term alignment between other DAOs and ours,” Balancer Founder Fernando Martinelli wrote in the email.

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NFT Swaps

🧐 Sudoswap to Test a DEX for Swapping NFTs

NEWS In a plan that may advance the idea that NFTs are tradable assets, Sudoswap, a marketplace for nonfungible tokens, plans to launch an automated market maker (AMM)-based decentralized exchange for swapping NFTs.

TESTNET In a Dec. 7 tweet thread, Sudoswap developer “0xmons” announced the team is hoping to deploy its AMM to testnet before the end of the year, noting plans for a cross-chain deployment in the future.

BASE LAYER 0xmons describes the forthcoming DEX as a “capital-efficient, gas-optimized base-layer protocol for NFT liquidity” that supports both single and dual-sided liquidity provision.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Ethereum Wallets

📬 NFT Game Launches Encrypted Messaging for Ethereum Wallets

END-TO-END The team behind Parallel, an NFT-based sci-fi card game, launched an end-to-end encrypted messaging service for Ethereum wallets called inb0x on Dec. 7. The beta version currently supports MetaMask hot wallets only. The developers plan for the protocol to eventually be compatible with any Ethereum wallet using its 0x or Ethereum Name Server (ENS) address.

WEB3 In a Dec. 9 blog post, Parallel describes inb0x a “simple messaging tool built for web3” that allows users to “securely communicate to and from their Ethereum address.”

ENCRYPTED MESSENGER “Users can connect to inb0x with their MetaMask wallet […], chat with the person behind a certain wallet, make offers on NFTs, and more.” The team says an encrypted messenger service offers players of their game “talking strategy” as a core aspect of the experience.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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The Tube

🔗 Quick Take: SBFs laces, MongooseCoin - Congress gets Crypto'ed

Links

🔗 EOS community halts payments worth $250 million in EOS to Block.one and Brock Pierce: The Block

The EOS community today elected to stop ongoing payments to Block.one — the company that originally designed the network — over claims that it is no longer acting in the network’s best interests.

🔗 Messari Launches Governance Portal as DAOs Inch Toward Mainstream: CoinDesk

Keeping track of decentralized autonomous organizations (DAOs) just got a little less painful. Crypto research firm Messari announced Wednesday the launch of “Messari Governor” – a platform for engaging in the governance of many of crypto’s top DAOs.

🔗 Voltz, the Interest Rate Swap AMM, Announces it’s $6m Seed Round Led by Framework Ventures: Medium

Voltz is excited to announce its $6m Seed round, led by Framework Ventures, to bring Interest Rate Swaps to DeFi through a novel Automated Market Maker (AMM) that is up to 3,000 times more capital efficient than alternative models.

🔗 Decentralized Governance Structures: Medium

Governance enables modern society. Governments decide where to allocate tax income and influence the levers that control the flow of value in our economy.

🔗 Crypto Moguls Prepare for Capitol Hill: The New York Times

Today, the chiefs of six cryptocurrency companies will testify before the House Financial Services Committee about the promises and perils of crypto assets.

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Avalanche 🔺 @avalancheavaxAva Labs has been selected to join Mastercard Start Path (@MAstartpath) Crypto, a startup engagement program dedicated to exploring and solving how blockchain technology can democratize use cases for people and businesses around the world medium.comMedium9:15 AM ∙ Dec 9, 2021639Likes195Retweets

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Art Blocks @artblocks_ioIt's Wednesday, which means we're gearing up for another episode of After Dinner Mints! We're very excited to have generative artist, @cheyuwu345, as our special guest on tonight's show. Join us on the livestream at 7pm PT/10pm ET:

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youtu.beEpisode 29: Art Blocks After Dinner Mints w/ Che-Yu WuAfter Dinner Mints - Episode 29 - 21.12.09Interview with Che-Yu WuArt Blocks home website: www.artblocks.ioJoin us on discord: discord.gg/artblocksSubscribe ...2:15 PM ∙ Dec 8, 202171Likes7Retweets

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🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

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