🐧 Pudgy Penguins Fly as Floor Price Triples

Hello Defiers! Here’s what we’re covering today: News Pudgy Penguins Fly as Floor Price Triples Near Protocol Sitting on $500M After Latest Funding Round Opinion Why DeFi Should Make Markets Like Wall Street Banks DeFi Primers How to Transfer Tokens...

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



DeFi Primers


🎙Listen to the exclusive interview with Cosmos’ Ethan Buchman in this week’s episode:




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🐧 Pudgy Penguins Fly as Floor Price Triples

Topsy Turvy World of Pudgy Penguins is Back on the Upswing

By yyctrader

PEAK It’s been quite the roller-coaster ride for Pudgy Penguins. This week the collection’s floor price has tripled, briefly surpassing its peak in September 2021 with a high of 3.73 ETH ($12,000) yesterday, according to data from niftyprice.io.

FAVOR The NFT collection featuring 8,888 flightless denizens of the Antarctic in various forms has once again found favor with investors after closing a deal with US-based entrepreneur Luca Netz for 750 ETH ($2.4M).

CONTROL Announced on Apr. 2, the sale had been in the works for some time, and will see a team headed by Netz take over operational control and royalty rights from the original team of four co-founders. “Everything is aligned to make this one of the most prevalent projects of all time,” Netz told CoinDesk.



Fundraising Rounds

💰Near Protocol Sitting on $500M After Latest Funding Round

By Samuel Haig

NEWS Near Protocol has become the darling of heavyweight venture capitalists in the Layer 1 race. On April 6, the high-speed Layer 1 network announced it had raised $350M in a round led by Tiger Global, the venture fund led by billionaire financier Chase Coleman. FTX Ventures, Blockchange Ventures, and Dragonfly Capital, also joined the raise.

$500M Combined with its previous investment round in January, Near has now raised half a billion dollars this year so far. The previous round was led by Three Arrows Capital, with Alameda, A16z, and others also backing the protocol. Near has not disclosed its valuation.

LAYER 1s Near is a high throughput network supporting smart contract execution. It seeks to rival the likes of Ethereum and other low-cost Layer 1s such as Solana and Avalanche. In addition to fast and cheap transaction execution on its own Layer 1, Near also offers EVM compatibility through its sister-chain, Aurora.



💡Why DeFi Should Make Markets Like Wall Street Banks

The DeFi Ecosystem Needs to Solve the Liquidity Challenge

Guest writer Tarun Chitra makes a provocative case for emulating one of TradFi’s most basic features.

CENTRAL CONTROL The core promise of DeFi is a global financial system, open to all. It eliminates the need for banks and central control, saving consumers and small businesses tens of billions of dollars in fees collected by intermediaries from everyday financial transactions like buying a cup of coffee or sending money across borders.

HIGHER RETURNS Like every paradigm-shifting innovation, the DeFi ecosystem has experienced growing pains, but its long-term value is already coming into focus. With new protocols introduced each month that offer higher returns with fewer barriers to entry than traditional finance, DeFi is attracting new users at a rapid clip.

TOKEN ISSUANCE However, a core challenge has already emerged for DeFi developers: attracting consistent, long-term liquidity. Exchanges in DeFi (decentralized exchanges or dexes) require a flow of assets to enable the efficient exchange of tokens — many of which raise seed funds through token issuance to support DeFi platform development. To date, the easiest way for dexes to attract liquidity has been to incentivize participation through high yields that generate rewards for investors in return for the capital that powers the protocol.


DeFi Primers

🧐 How to Transfer Tokens to MetaMask from Trust Wallet

A Step-by-Step Guide for Ethereum Wallet Users

By Arya Ghobadi

PUBLIC KEY It’s a common misunderstanding: Many beginners believe that cryptocurrencies are stored in MetaMask, Trust Wallet, or other crypto wallets. This is incorrect — a crypto wallet only stores your public key and your private key, then uses your private key to sign and approve transactions.

SEED PHRASE Your wallet is on blockchain and it’s secured by your seed phrase, which means that if you place your Trust Wallet seed phrase into your MetaMask you will be able to get your tokens! In this tutorial, you will learn how to transfer cryptocurrencies from Trustwallet to MetaMask and also how to import your Trust wallet to MetaMask.

Open your trust wallet and Select the token that you want to send. We use ETH in this tutorial:



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It is possible to reach this goal by making advanced orders, automated strategies, structured products, and any automation more accessible and composable in DeFi. Sounds great - let’s get closer to it!

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🔗 Nifty News: Solana NFT sales pass $1.6B, wash trading on LooksRare and more: CoinTelegraph

The Solana network is gaining traction among nonfungible token (NFT) traders as total sales have surged past $1.6 billion, making it the third most active blockchain by NFT sales volume.

🔗 FTX.US backs 'Flash Boys' exchange IEX as firm maps out crypto strategy: The Block

Nearly a decade ago, IEX Group set out to transform markets by launching a new kind of trading venue to topple traditional equity venues.

🔗 Securing Ronin: Ronin’s Newsletter

Last week’s security breach has served as a potent reminder of the importance of truly distributed networks. We have considerable long-term ambitions for Ronin.

🔗 Elon Musk: a new kind of media baron charges into Twitter: The Financial Times

Tech billionaires have used their wealth before to make a mark in the news business. They include Amazon’s Jeff Bezos, owner of the Washington Post, and Salesforce’s Marc Benioff, who, with his wife, acquired Time in 2018.


Art Blocks @artblocks_ioFYI @tylerxhobbs will be hosting a meet & greet at the Art Blocks house in Marfa, TX on April 16th from 4-6pm. We'd love to see you there! It's also a great excuse to check out the gallery and the ultra-rare Fidenza wall


5:00 PM ∙ Apr 5, 202295Likes5Retweets

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⚙️ prePo: Smart Contract Engineer (Solidity)

prePO is looking for a Smart Contract Engineer to take ownership over the development of novel DeFi-related smart contracts.

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✒️ pre:Po Executive Assistant

prePO is looking for an exceptional Executive Assistant to work with the founder to perform a wide variety of operational, administrative and strategic tasks.

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🚀 Liquity Head of Growth (Crypto)

Liquity is seeking an experienced Head of Growth that can help grow its user base, boost LUSD adoption and overall stablecoin market share.

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🧑‍💻 ✍️ Stories in The Defiant are written by 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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