🦄 Recap: DeFi Week of Dec. 19
Hello Defiers! Happy Yuletide! We are pleased to bring you this special Friday edition of the The Defiant Recap in observance of the Christmas weekend. No surprise, there was a lot of action this week. The market, for starters, demonstrated the resilienc...
By:
Weekly RecapHello Defiers! Happy Yuletide!
We are pleased to bring you this special Friday edition of the The Defiant Recap in observance of the Christmas weekend. No surprise, there was a lot of action this week.
The market, for starters, demonstrated the resilience we have come to expect (not getting cocky!) from DeFi. Sam Haig reported on Terra’s timely surge this last week, and Brady Dale looked into Terra’s stablecoin, UST, surpassing DAI in market cap. Owen Fernau wrote about how Polygon’s sudden code change sparked quite the furor.
Speaking of jockeying between market leaders, Bored Ape Yacht Club’s floor price briefly overtook CryptoPunks this week. And institutional investors also made a significant move in DeFi: SEBA, a Swiss bank, applied for whitelisting status on Aave Arc, the landing platform’s offering catering to TradFi players.
We were especially excited to see The Infinite Machine movie’s first mint of NFTs sell out in 28 hours, raising $670,000 for production of the film based on the book by Camilla Russo, The Defiant’s founder.
Next week The Defiant will be going dark as we take a break before the New Year. But that doesn’t mean the content will stop! We have prepared a smorgasbord of stories and profiles and market dispatches and lists chronicling all the madness and thrills of this DeFi year. Starting Monday, we’ll be rolling out a series of pieces on the biggest stories, top Defiers, biggest bummers, and what to watch for in 2022.
It’s been an absolute pleasure reporting for all you Defiers this year and we’re so grateful for your support and input! Have a good one! ✊🏼 🍾 🎄 🦄
The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
🙌 Together with:
- Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
- Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
- Polymarket is a decentralized information markets platform, harnessing the power of free markets to demystify the real world events that matter most to you. Learn More!
- Sorare Experience true football connection in The Global Fantasy Football Game! Trade & collect, play with football NFTs #OwnYourGame Learn More!
DeFi Alpha Newsletter
Check out and subscribe to DeFi Alpha, a weekly newsletter by The Defiant and DeFi Dad, packed with tutorials and tips on how to earn yield in DeFi
The Tube
📺 The Defiant Weekly: Olympus DAO ($OHM) What is it and where is it going next? (with JaLa)
📺 First Look: IT ACTUALLY WORKS! Peer to peer encrypted messaging using MetaMask!
📺 Tuesday Tutorial: How to be safer and smarter using Metamask
📺 Quick Take: We fact-checked your favourite millionaire "Finfluencer" - what did we find?
Thursday
Hello Defiers! Here’s what we are covering today,
News
- Bored Apes’ Floor Price Briefly Passes CryptoPunks as NFT Race Intensifies
- Compound DAO Uses Public Bidding Process To Hire Security Auditor
- Transak Launches Fiat Onramps to Top L2s Arbitrum and Optimism
Links
- Uniswap goes live on Polygon: The Block
- NFT lending platform Arcade raises $15 million in Series A funding: The Block
- B.Protocol Raises $2.2M to Backstop DeFi Liquidations: CoinDesk
- Binance Will List Convex Finance (CVX) and ConstitutionDAO (PEOPLE) in the Innovation Zone: Binance
- YIP-65: Evolving YFI Tokenomics The proposal has entered a voting phase: Yearn Finance
- Excited to be partnering with @AlchemyPlatform to launch@Web3University: OpenSea
Wednesday
News
- Dorsey’s Caustic Tweet Sparks Debate About Who Truly Owns Web3
- Aave Advances Institutional Strategy as Swiss Bank Seeks Whitelist Status
- Fei Protocol Merges With Rari Capital To Create $2B Liquidity Player
- Terra’s Stablecoin UST Overtakes DAI in Market Cap: CoinGecko Data
The Infinite Machine Movie
Links
- Play to earn economies as base layer protocols for games: Medium
- El Salvador buys 21 Bitcoin to celebrate Dec. 21, 2021: CoinTelegraph
- Kraken to Allow a New Way to Earn Crypto Rewards With Staked Acquisition: Kraken
- Under Armour Steps Into the Metaverse With ‘Wearable’ Steph Curry Sneakers: CoinDesk
- Arsenal adverts for cryptocurrency ‘fan tokens’ banned: The Guardian
- The Solana community has taken off in 2021 — and next year promises to be even better: Solana
- Here's the 5th of 12 artworks in my new @SuperRare series: SuperRare
Tuesday
News
- Polkadot’s Parachain Winners Make Strides in Building Sharded Ecosystem
- Yearn Finance Changes Up its Tokenomics and YFI Soars 85%
- Opyn to Unveil Squared ETH Token as DeFi Derivatives Race Heats Up
- Strip Mall Icon RadioShack Resurrected as a DeFi Play With Token
Links
- What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 1): The Block
- The Bull Case For ETH III | Anthony Sassano, DC Investor, Cyrus Youness: Bankless
- The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups: The New York Times
- Sorbet Finance Vulnerability Post Mortem: Medium
- YFI — Reborn As A Black Hole: Yearn Finance
- Join us for a special AMA event with the @dexalotcom team as we explore the first CLOB DEX built on Avalanche: Avalanche
Monday
News
- Polygon’s Surprise Code Change Triggers Questions and Controversy
- Market Action: Terra Leapfrogs Binance Smart Chain with Surge in TVL
Links
- Stablecoin supply grew by 388% this year, driven by DeFi and derivatives: The Block
- DeFi protocol Grim Finance lost $30M in 5x reentrancy hack: CoinTelegraph
- The Bank of England will push for tighter rules as institutions embrace crypto, official says: The Block
- We All Need to Stop Only Seeing the Dark Side of Crypto: Wired
- Let's take a look at this paper to understand why Optimistic Rollups is considered as the future of #Ethereum scaling!: Aribitrum
- One of our favorite storylines is how a group of generative artists raised around 45 million dollars for charity... in less than ONE year: Art Blocks
💜Community Love💜
Thanking all the amazing Defiers for the support and love this week (and always)!
§benji🎈 @benjix21I'm always blown away by @DefiantNews YouTube content. A+ content A++ production. It's like no other.11:24 PM ∙ Dec 22, 202120Likes1Retweet
Nahiko @NahiikoVideos from @DefiantNews are amazing I love it. The quality of both the presenter, the video and the content is top notch.3:36 PM ∙ Dec 22, 202134Likes1Retweet
CryptoDAV 🌖 @DVGloryPToday my $luna pretty much 20x getting me 6 digit gains for the first time. Mega thanks to the @DefiantNews for bringing it to my attention. Your YT channel is a 💎!!!10:30 AM ∙ Dec 22, 202129Likes1Retweet
blog.galaxy.ecoThe Defiant Community Rewards Program is launched on Project Galaxy with Metafactory & Viral LoopsProject Galaxy has always been dedicating to pushing Web3 forward, and this time we are doing this with The Defiant and friends! We are super thrilled to announce that The Defiant is now launching a…11:52 PM ∙ Dec 21, 202144Likes14Retweets
youtu.beIs it time for PFP’s to grow up?Follow The Defianthttps://thedefiant.io/https://twitter.com/defiantnewshttps://thedefiant.io/https://t.me/DefiantNewshttps://t.me/DefiantChat#TheD...6:04 PM ∙ Dec 20, 20217Likes3Retweets
1:25 PM ∙ Dec 19, 202116Likes3Retweets
LegalTechLIVE @LegalTechLIVELooks like Colorado, much like Wyoming, is working to on-board the #Web3 economy and provide legal structures for the space to grow. Check out the post from @DefiantNews #legaltech thedefiant.io/solving-the-ri…10:12 PM ∙ Dec 16, 20216Likes3Retweets
1:08 PM ∙ Dec 23, 202119Likes11Retweets
Frederic van Strydonck @fvanstryI minted this beauty from @ETHMovie yesterday. (Art by @HPictur) @CamiRusso opensea.io/assets/0x674d3…
6:37 PM ∙ Dec 21, 202157Likes19Retweets
2:00 PM ∙ Dec 21, 202172Likes38Retweets
🧑💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Sanuel Haig, Bailey Reutzel, and yyctrader, and edited by Edward Robinson, yyctrader, Bailey Reutzel, and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
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.
