š¦ Ape Diaries: Inside Gasless Yield Farming on Aurora
Hello Defiers! Hereās what we are covering today, News ConstitutionDAO Members Decry High Gas Fees After Narrowly Losing Auction Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move Tutorial Ape Diaries: Gasless Yield Farming on Auro...
By: Ā Ā
Hello Defiers! Hereās what we are covering today,
News
- ConstitutionDAO Members Decry High Gas Fees After Narrowly Losing Auction
- Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move
Tutorial
Podcast
šListen to this weekās podcast with Nadya of Pussy Riot here:

Video
- SuperMassive NFT Show: J1mmy, Kingship and SupDucks' FrankyNines
- Keeping it Real: Taproot, Van Eck ETF shutdown and Coinbase NFTs
- First Look: Sweep the Floor with Genie | Metaverse Aggregator
Links
- Binance Completes Aribitrum One Integration and Opens Layer 2 ETH Deposits: Binance
- Introducing Aave Arc: Mirror
- Chainlink Keepers Now Live on Polygon Mainnet to Automate Smart Contract DevOps: Polygon
- $400M funding round to help Gemini build in the decentralized metaverse: CoinTelegraph
- Snoop Dogg, Deadmau5 Headline New Members of Outlier Venturesā Metaverse Accelerator: CoinDesk
- It's exciting to announce that @FireblocksHQ has submitted an Aave Improvement Proposal (AIP): Aave
- Uniswap Labs is excited to highlight many of the amazing Web3 apps integrated with the Uniswap Protocol: Uniswap
Most Read on The Defiant
- ParaSwap Airdrops PSP Governance Token to āActive Usersā
- OlympusDAOās Success Inspires Dozens of Forks
- 0L Aims To Revive Facebookās Libra Cryptocurrency With Fair Launch
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š Together with:
- Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
- Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
- Aave, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.
- Fintech Meetup, join fintechās largest online meetings event ā30,000+ online speed date meetings. Learn More and Get Ticket

DAOs
š ConstitutionDAO Members Decry High Gas Fees After Narrowly Losing Auction
NEWS ConstitutionDAO fell short in its bid to purchase the last remaining privately owned first edition print copy of the U.S. Constitution in a public auction held on Nov. 18. And some of the communityās members are grumbling that high gas fees may have been partly to blame.
LAYER 2 Although the community raised about $47M, the document was sold to an unknown bidder for $41M ($43.2M including auction fees). Supporters speculated that the DAO lost because it couldnāt produce enough additional funds to maintain the document. Others said the DAO may have made a stronger bid if it had used a Layer 2 blockchain instead of Ethereumās mainnet.
AUCTION āThe gas fees spent would have made up the difference of winning the auction,ā said dennis hegstad, the founder of LiveRecorder founder. This version of the U.S. founding charter is one of thirteen surviving copies printed after the Constitutional Convention of 1787. The late real estate developer Howard Goldman purchased itĀ from Sothebyās in 1988 for $165,000.
šREAD THE FULL STORY IN THE DEFIANT.IOš
DeFi Stablecoins
š Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move
DOUBLED The supply of UST stablecoin has more than doubled in the past nine days to reach $6.4B. That places the coin $2B behind DAI, the stablecoin produced by the Maker protocol, as of Nov. 18.
GOVERNANCE Fans of the Terra ecosystem, which produces the UST stablecoin, may need to hold off rejoicing though because the increase doesnāt stem from user demand but rather a governance proposal.

TREASURY Hereās what happened: The governance voted to burn 88.68M LUNA tokens, worth over $3.5B at the Nov. 18 price of $40.21. Those LUNA tokens came from āseigniorage rewards,ā which were deposited in Terraās treasury when users swapped them for UST tokens when demand pushed the stablecoinās value above $1.
šREAD THE FULL STORY IN THE DEFIANT.IOš
Yield Farming Primer
š¦ Ape Diaries: Gasless Yield Farming on Aurora, NEARās EVM-Compatible Blockchain
In which yyctrader walks us through a hot yield farming protocol and interviews Matt Henderson, head of product at Aurora.
YIELD FARM The first yield farm is live on Aurora, an Ethereum Virtual Machine (EVM) compatible blockchain built by NEAR Protocol. The best part? Zero gas fees as a gesture of goodwill to early adopters.
LIQUIDITY Trisolaris is a decentralized exchange on Aurora that launched its liquidity mining program on Nov. 16 and crossed $50M of Total Value Locked in just over a day.

SCALABLE āAurora is an EVM built on the NEAR Protocol, delivering a turn-key solution for developers to operate their apps on an Ethereum-compatible, high-throughput, scalable and future-safe platform, with low transaction costs for their users,ā says the website.
INTERVIEW We went straight to the source and interviewed Matt Henderson, head of product at Aurora.
šREAD THE FULL STORY IN THE DEFIANT.IOš
Sponsored Post

Fintech Meetup is fintech's next big event! No Speakers. No Content. Just 30,000+ online meetings so you can meet the fintechs, banks, networks and investors who are driving DeFi and Fintech forward. Learn More & Get Ticket
Fintech Meetup: DeFi x TradFi x 30,000+ Online Speed Date Meetings! Join the next big event in Fintech and for the easiest way to create DeFi & Crypto opportunities, deals and partnerships.
Meet with DeFi & Crypto companies including BitPay, BlockFi, Circle, Onyx & Ripple (and many more!) plus the fintechs, networks and solution providers making DeFi & Crypto plays, including Finastra, Fiserv, JPMC Merchant Services, Mastercard, Veem & Visa (to name just a few!). Plus investors, banks, tech cos and many others.
Online, March 22-24. Qualifying startups can get discounted startup rates. Learn More & Get Ticket
The Tube
šŗ SuperMassive NFT Show: J1mmy, Kingship and SupDucks' FrankyNines
šŗ Keeping it Real: Taproot, Van Eck ETF shutdown and Coinbase NFTs
šŗ First Look: Sweep the Floor with Genie | Metaverse Aggregator
Links
š Binance Completes Aribitrum One Integration and Opens Layer 2 ETH Deposits: Binance
Binance completes the Arbitrum One mainnet integration and has opened deposits for ETH on Arbitrum One Layer 2. Please find your assigned ETH deposit addresses on the Aribitrum One Network in the Deposit Crypto page.
š Introducing Aave Arc: Mirror
Since its launch in January 2020, theĀ AaveĀ Protocolāan open source, decentralized, non-custodial liquidity protocolāhasĀ experiencedĀ exponential growthĀ with peak liquidity reachingĀ overĀ USDĀ 30Ā billion,Ā andĀ totalĀ active usersĀ totalingĀ nearlyĀ oneĀ million.
š Chainlink Keepers Now Live on Polygon Mainnet to Automate Smart Contract DevOps: Polygon
Polygon is committed to providing developers with the best infrastructure for building secure and fully functional dApps in an accelerated manner. Itās why we integrated both Chainlink Price Feeds and Chainlink VRF to give developers access to time-tested infrastructure for decentralized price oracles in DeFi and secure RNG in gaming and NFTs.
š $400M funding round to help Gemini build in the decentralized metaverse: CoinTelegraph
The Winklevoss twinsā crypto exchange, Gemini, will allocate capital from its $400-million funding round into building a āGemini experience in different Metaverses.ā
š Snoop Dogg, Deadmau5 Headline New Members of Outlier Venturesā Metaverse Accelerator: CoinDesk
Celebrities Snoop Dogg and Deadmau5, consumer brand guru Shaun Neff and the founders of Sandbox and the Polygon Network are the newest members of Outlier Venturesā Base Camp Web 3 accelerator and will invest in and advise the programās startups.

Aave @AaveAave5/It's exciting to announce that @FireblocksHQ has submitted an Aave Improvement Proposal (AIP) to be the very first whitelister of the Aave Arc market š» If approved by the Aave Governance, it will be the first permissioned Aave market ever in existence! app.aave.com/#/governance/4ā¦

app.aave.comAave - Open Source Liquidity ProtocolAave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on deposits and borrow assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services.1:13 PM ā Nov 18, 202190Likes2Retweets

Uniswap Labs š¦ @Uniswap1/ Uniswap Labs is excited to highlight many of the amazing Web3 apps integrated with the Uniswap Protocol and built by the community on uniswap.org. Check them out at

uniswap.orgEcosystem | Uniswap ProtocolSwap, earn, vote, and more with hundreds of web3 apps, integrations, and tools built on the Uniswap Protocol. Participate in the Uniswap ecosystem today!5:40 PM ā Nov 18, 2021166Likes35Retweets
Most Read on The Defiant
- ParaSwap Airdrops PSP Governance Token to āActive UsersāParaSwap, a decentralized exchange (DEX) aggregator and market maker, launched its governance token, PSP, on Nov. 15.
- OlympusDAOās Success Inspires Dozens of ForksThey say imitation is the highest form of flattery. In crypto, this manifests as forks, or copies of a projectās codebase. In that sense, OlympusDAO must be feeling pretty flattered.
- 0L Aims To Revive Facebookās Libra Cryptocurrency With Fair LaunchEvery now and then folks adjacent to crypto Twitter like to tweet out some version of āRemember Libra?ā.
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