📈 Osmosis Lights Up the Market with 80% Run in Last 14 Days

Hello Defiers! Here’s what we’re covering today: Markets Osmosis Lights Up the Market with 80% Run in Last 14 Days News Aave’s New Platform Attracts 30 Institutional Players in Big Push for Growth DeFi Projects Embrace Vote Locking Governance Tokens t...

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





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Market Action

📈 Osmosis Lights Up the Market with 80% Run in Last 14 Days

NEWS Osmosis, a decentralized exchange, has made its way to the front page of CoinGecko as its token has repeatedly rallied in the new year.

TOKEN APPRECIATED Osmosis’ OSMO token sits at an all-time high of $8.56 in mid-morning trading U.K. time. OSMO’s market cap is $2.3B, after the token appreciated about 80% in the past 14 days, according to CoinGecko. The price action makes OSMO the 73rd most valuable digital asset in the world.


Osmos’s 14-day sprint. Source: CoinGecko

VOLUME Price isn’t the only factor looking up for the decentralized exchange (DEX) — Osmosis notched an all-time high of $112M in volume on Jan. 4, according to a dashboard provided by the project. That’s enough to push Osmosis’ daily volume above that of Curve Finance, a DEX and DeFi’s largest project in terms of total value locked (TVL).



DeFi Lending

🧲 Aave’s New Platform Attracts 30 Institutional Players in Big Push for Growth

WHITELISTED Thirty institutions have joined Aave Arc, the DeFi lending giant’s platform catering to TradFi and crypto firms, the platform said today. The firms, which signed up on a whitelisted basis, include Galaxy Digital, a financial services firm, CoinShares, a digital asset investment outfit, and Wintermute, a market maker.

BET Aave Arc is a separate deployment of Aave v2, facilitating familiar crypto asset lending and borrowing services and utilizing an additional smart contract layer that restricts access to permissioned entities. The venture is a bet that investment firms are keen to play in DeFi but don’t want to run afoul of regulatory risks.

FIAT RAMPS Aave Arc is designed to help institutions develop new products and services utilizing digital assets, including “protocol deployments connected to debit cards,” high yield savings accounts, and regulated fiat ramps to DeFi dapps.



🔐 DeFi Projects Embrace Vote Locking Governance Tokens to Boost Valuations

HAMMERED Vote locking governance tokens is the new hotness for decentralized finance protocols. DeFi had a good 2021 but the tokens underlying the big protocols did not. DeFi tokens have been hammered, and many of their investors are wondering if they shouldn’t have just bought and held ETH instead.

CRV Founders and DAOs are looking for ways to enhance the value of their tokens. More seem to be following the lead of Curve Finance, which has required DAO participants to lock their CRV tokens up to participate in governance ever since the governance token came out in 2020.

SHIFT The community behind the top yield aggregator, Yearn Finance, recently decided to follow Curve’s lead and shift to a vote locking system, but it’s only the latest in a growing string of projects to do so.


DeFi Regulation

📢 Giancarlo Assails ‘Defensive and Reactionary’ Crypto Policy and Calls for Single U.S. Watchdog

TURF BATTLES Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), said turf battles between federal agencies were bad for crypto and joined Coinbase’s call for the creation of a single regulator overseeing digital assets.

REGULATOR “They’re absolutely right that there should be a single regulator,” Giancarlo said during a panel in Washington on Jan. 4 hosted by the American Enterprise Institute, a think tank.

BATTLE Giancarlo said there was persistent disagreement between the CFTC and SEC regarding who holds jurisdiction over digital assets. “That battle’s not going away. The SEC’s not going to run from this. The CFTC is not going to yield,” he said.


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The Tube

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🔗 OpenSea raises $300 million at $13 billion valuation, with backing from Coatue and Paradigm: The Block

NFT marketplace OpenSea has closed a $300 million Series C funding round that values the company at $13 billion.

🔗 CoinFund, Franklin Templeton Back Metaversal in $50M Funding Round: CoinDesk

NFT venture studio Metaversal raised $50 million in a Series A funding round that was led by CoinFund and Foxhaven Asset Management and that included Franklin Templeton, the company announced Tuesday.

🔗 How to use zkSync: Bankless

We’re bullish on modular blockchains. It’s how Ethereum will scale to millions of users while maintaining cheap transaction fees. Importantly, we believe this thesis will be a big narrative this year.

🔗 What Crypto Can Learn From Elizabeth Holmes’ Fraud Conviction: CoinDesk

After a yearslong saga of accusations, investigations and angry denial, erstwhile business media darling Elizabeth Holmes has reached the final stage of investor grief: conviction.


Larva Labs @larvalabsAnd here's the first use of the new Meebits API!


isotile @isotileMeebits have joined the family of @isotile metaverse along CryptoPunks and Autoglyphs. Check out the test video we made to see what a party between both looks like! Thanks to @larvalabs for developing the API along @MeebitsDAO 💕 #metaverse #NFTCommunity https://t.co/LXk4sCKbtK11:47 PM ∙ Jan 4, 2022249Likes60Retweets


Uniswap Labs 🦄 @Uniswap👀


hayden.eth 🦄 @haydenzadams9/ Here’s where Labs is headed in 2022: 🧑‍💻 Inspire developers with with more DevX tools & widgets + make it easier to participate in community governance 📱 Create more paths to cheap, secure, seamless trading & coordination 🧠 Continue leading the way in DeFi innovation12:31 AM ∙ Jan 1, 2022116Likes24Retweets

Trending in The Defiant

🧑‍💻 ✍️ 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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The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr)