🚂 Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
Hello Defiers! Here’s what we are covering today, News Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam A Crypto Architect Takes Us Inside the ‘Visual Language’ of the Metaverse On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Pr...
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Hello Defiers! Here’s what we are covering today,
News
- Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
- A Crypto Architect Takes Us Inside the ‘Visual Language’ of the Metaverse
- On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Proof-of-Stake Shift
- Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
Podcast
🎙Listen to this week’s podcast with Nick Johnson of ENS here:
Video
- First Look: What is Protocol Owned Governance? | First Look into Lobis - approved fork of OlympusDAO
Links
- Crypto group Galaxy Digital seeks to raise $500m in debt market: The Financial Times
- Ultimate Crypto Tax Guide: Bankless
- $106M worth of Metaverse land sold last week: DappRadar: CoinTelegraph
- Unifying Cross-Chain Liquidity with Connext: Medium
- Jack Dorsey’s Square changes corporate name to Block: CNBC
- Crypto Advocacy Panel Livestream: Bankless
- How to make money as web3 dev? Many ways: Avalanche
Trending in The Defiant
- Surging Ether Hits 42-month High Against BTC
- Tutorial: The Degen Savings Portfolio Featuring Abracadabra, Curve and Convex
- CloneX NFTs Sell Out in Auction Roiled by Attacks and Controversy
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- Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
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- Fintech Meetup, is fintech’s next big event--30,000+ online meetings for 3,000+ DeFi & TradFi participants! Online Mar.22-24. Learn More
Layer 2s
🚂 Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
NEWS A Uniswap community member has called for the decentralized exchange (DEX) to launch a liquidity mining program and incentivize users to migrate to its Layer 2 deployments on Arbitrum and Optimism.
SECOND STAGE On Dec. 1, Hop Protocol’s growth lead “zkLito” announced they had submitted a detailed proposal for L2 liquidity incentives for Uniswap’s second stage of governance. Their previous proposal had passed an initial temperature check in Uniswap’s governance forum last month.
KICKSTART zkLito describes the proposal as both seeking to entice “deep liquidity for key pairs on L2,” and more importantly to “kickstart L2 adoption by incentivizing users to bridge and shift their DeFi activity to L2s.”
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Metaverse Design
🏙 A Crypto Architect Takes Us Inside the ‘Visual Language’ of the Metaverse
DECADES How would building design change if architects didn’t have to think about them lasting for decades? Or if the structure and layout could change with a few mouseclicks?
VIRTUAL BUILDINGS That’s the opportunity architects can seize in the metaverse. Most architects would probably say that isn’t appealing at all, because they undertook the discipline to design structures people would experience for a very long time, but for Kirk Finkel, better known as Untitled, XYZ, a full time Web3 architect, it’s inspiring to work with virtual buildings that are iterative to a degree that can’t even be fathomed in the physical world.
100 YEARS “There’s a different relationship because it’s not there for 100 years,” he told The Defiant in a phone call from his analog space in Brooklyn. “The visual language of the building can change so quickly.”
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Ethereum 2.0
🎂 On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Proof-of-Stake Shift
ROADMAP The Ethereum community is celebrating the first anniversary of the Ethereum 2.0 Beacon Chain, which set the network’s roadmap toward Eth2 into motion with its launch on Dec. 1, 2020.
LOCKED UP According to data aggregator Staking Rewards, Ethereum 2.0 is now the second-largest proof-of-stake network by staked capitalization with $38.4B locked up. While Solana currently leads with nearly $88.2B, 77.4% of SOL’s supply is locked in staking compared to just 7.10% of Ether.
LAUNCH Many analysts believe it’s only a matter of time until Ethereum ascends to the top spot. Ethereum’s upcoming chain-merge is expected to increase staking rewards by several multiples. Since the Beacon Chain’s launch last year, Ethereum has completed several major upgrades in its Eth2 roadmap and shift from proof-of-stake consensus.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
DeFi Regulation
🏛 Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
NEWS U.S. Treasury Secretary Janet Yellen said non-custodial protocols will not be subjected to stringent reporting obligations in line with updated guidance concerning crypto assets from the Financial Action Task Force (FATF), an intergovernmental organization that sets anti-money laundering guidelines for dozens of nations.
STANDARDS FATF finalized its updated guidance in late October calling on nations to subject DeFi protocols to anti-money laundering standards, including the collection and sharing of detailed information relating to transactional counterparties.
VASPS “Creators, owners and operators or some other persons who maintain control or sufficient influence in the DeFi arrangements, even if those arrangements seem decentralized, may fall under the FATF definition of a [Virtual Asset Provider (VASP)] where they are providing or actively facilitating VASP services,” the guidance reads.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
The Tube
📺 First Look: What is Protocol Owned Governance? | First Look into Lobis - approved fork of OlympusDAO
Links
🔗 Crypto group Galaxy Digital seeks to raise $500m in debt market: The Financial Times
Galaxy Digital, the crypto financial services company founded by Mike Novogratz, is seeking to raise $500m in the debt market as digital asset companies race to tap investor enthusiasm surrounding the rapidly growing industry.
🔗 Ultimate Crypto Tax Guide: Bankless
Dear Bankless Nation, It’s December. Almost the end of the year. Is anyone else going “OMG what about my taxes?”
🔗 $106M worth of Metaverse land sold last week: DappRadar: CoinTelegraph
Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar.
🔗 Unifying Cross-Chain Liquidity with Connext: Medium
The multi-chain market has arrived. Thanks to years of research, open source development, and the learn-in-public ethos of crypto developer ecosystems, we now find ourselves in the midst of heterogeneous L1 blockchains and L2 scaling solutions, each with its own scaling capabilities and design trade-offs.
🔗 Jack Dorsey’s Square changes corporate name to Block: CNBC
Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business.
🔗 Crypto Advocacy Panel Livestream: Bankless
This is the Crypto Advocacy & Education Summit, which we're hosting to go along with the Ethereum Foundation's $500,000 donation to the Gitcoin Round 12 matching round for the ‘Crypto Advocacy’ track.
moralis.ioMoralis HackathonPut yourself in the forefront of the developer world and participate against other development teams. The main prize pool provided by Avalanche and Moralis is $350,000.8:55 PM ∙ Nov 30, 2021375Likes64Retweets
Trending in The Defiant
- Surging Ether Hits 42-month High Against BTCEthereum has made another leg up against Bitcoin, with the ETH/BTC chart tagging its highest level since May 2018.
- Tutorial: The Degen Savings Portfolio Featuring Abracadabra, Curve and ConvexCurve is now the largest DeFi protocol with $22B in Total Value Locked across seven blockchains.
- CloneX NFTs Sell Out in Auction Roiled by Attacks and ControversyOn Nov. 29, RTFKT Studios was all set to begin the public sale of its CloneX avatars. Then the attacks on its website started.
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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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