🦄 The Story of Ethereum to Become a Movie and NFT Collection

Hello Defiers! Here’s what we are covering today,

News

• The Story of Ethereum to Become a Movie and NFT Collection
• Rising Fees on Avalanche Trigger Scramble for Solutions
• ConstitutionDAO Irks Donors as Gas Fees and Transaction Costs Eat Into Refunds

Podcast

🎙Listen to this week’s podcast with Geoff Cook here:

Video

• Tutorial: Say ADIOS to Impermanent Loss with Bancor V2

Links

• Senate Banking Panel Head Seeks Added Information About Stablecoins From Issuers, Exchanges: CoinDesk
• How will decentralized hosting change the future of social media?: Forkast
• Ronin Chain (by Axie Infinity) Integrates with Covalent: Covalent
• Tolkien estate blocks ‘JRR Token’ cryptocurrency: The Guardian
• Case Study: Harvesting Volatility with a 50/50 Balancer Pool: Medium
• Ripple CEO blasts Dogecoin for ‘inflationary dynamics’: CoinTelegraph
• Next week the first Miami @AxieInfinity Meetup is happening!: Axie Infinity

Most Read on The Defiant

• Wolf Game NFTs Spark Frenzy with Sales of $52M in Five Days
• Acala Network Wins Polkadot’s Parachain Slot as Auction Shifts to Next Phase
• Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDT

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• 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, is fintech’s next big event--30,000+ online meetings for 3,000+ DeFi & TradFi participants! Online Mar.22-24. Learn More

Ethereum Cinema

🦄 The Story of Ethereum to Become a Movie and NFT Collection

NEWS “The Infinite Machine: How an Army of Crypto Hackers is Building the Next Internet with Ethereum,” the hit book by Camila Russo detailing the history of Ethereum, is about to be made into a movie with its own NFT-driven community.

NFTs “The Infinite Machine” has become the go-to reference for anyone wanting to understand the history of Ethereum, selling out at least twice on Amazon. The Infinite Machine movie aims to be the first mainstream feature-length film about crypto, leveraging Ethereum technology and NFTs to fund its production and turn its audience into a community.

SUBSCRIBERS The sale of the collection will take place on the Ethereum network in the following weeks. Those who participated in Russo’s proof-of-pre-order campaign for the book and subscribers of The Defiant will be eligible for special perks in the sale. Join the project’s Discord and follow it on Twitter for the latest updates.

PRODUCTION The movie will be produced by Alejandro Miranda of Versus Entertainment, a Spanish audiovisual production and distribution company, and a US-based production company to be announced. Camila Russo, the book’s author and founder of DeFi content platform The Defiant, and Francisco Gordillo, co-founder of crypto hedge fund Avenue Investment, are executive producers.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Gas Fees

📈 Rising Fees on Avalanche Trigger Scramble for Solutions

CREEPING UP Transaction fees are a touchy subject in crypto. First there was Ethereum, with simple trades on Uniswap going for over $100, as of Nov. 23, according to Etherscan. Now, in the wake of a weekend Twitter war in which transaction fees played a central role, users are reporting on the social network that fees on Avalanche, another Layer 1, are creeping up as well.

SCREENSHOT “Avalanche transaction fees for swaps up to $20 tonight,” tweeted Eric Conner, co-founder of EthHub, the Ethereum information resource. Conner’s screenshot shows a transaction interacting with the router contract of Trader Joe, the decentralized exchange (DEX) on Avalanche.

FEES Fees for the contract have declined since then — they’re hovering in the $1.50 range as of Nov. 23, though swaps with transaction fees as high as $5 have occasionally appeared throughout the day.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DAOs

😠 ConstitutionDAO Irks Donors as Gas Fees and Transaction Costs Eat Into Refunds

REFUNDING FUNDS ConsitutionDAO, the group that fell short in its bid to purchase the first edition copy of the U.S. Constitution, has announced that it will dissolve and return all funds to contributors. Now comes the thornier issue of refunding funds minus Ethereum gas fees.

HISTORIC DOCUMENT Following days of deliberating its next move, ConstitutionDAO announced it will shut down on Nov. 23 one day after its refund portal went live. The DAO broke fundraising records and attracted mainstream media attention in its quest to buy the sole remaining privately owned copy of the historic document.

IMPOSSIBLE TIMELINE “This project was a landmark event,” ConstitutionDAO posted to Twitter. We made history and showed the entire world that a group of internet friends can use the power of web3 to face a seemingly insurmountable goal and achieve incredible results on an impossible timeline.”

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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The Tube

📺 Tutorial: Say ADIOS to Impermanent Loss with Bancor V2

Links

🔗 Senate Banking Panel Head Seeks Added Information About Stablecoins From Issuers, Exchanges: CoinDesk

The head of the powerful U.S. Senate banking committee sent letters on Tuesday to stablecoin issuers and exchanges seeking information on how companies are protecting consumers and investors amid the risks highlighted in the recent report by the President’s Working Group on Financial Markets.

🔗 How will decentralized hosting change the future of social media?: Forkast

There’s a joke on crypto Twitter along the lines of “GM to everyone except those that dumped crypto,” with GM standing for “Good Morning” — a tongue-in-cheek comment poking fun of those who left the game too soon.

🔗 Ronin Chain (by Axie Infinity) Integrates with Covalent: Covalent

We’re excited to announce that the Ronin Chain has integrated with Covalent, allowing developers way more velocity to access best-in-class data to build dApps.

🔗 Tolkien Estate Blocks ‘JRR Token’ Cryptocurrency: The Guardian

The Road might go “ever on and on” for Bilbo Baggins, but it has come to a sharp end for the developer of a cryptocurrency called JRR Token, after the estate of JRR Tolkien took legal action to block it.

🔗 Case Study: Harvesting Volatility with a 50/50 Balancer Pool: Medium

Balancer Protocol’s flexibility presents the opportunity for liquidity providers to generate substantial swap fee revenue using uncorrelated, highly volatile assets.

🔗 Ripple CEO blasts Dogecoin for ‘inflationary dynamics’: CoinTelegraph

The CEO of Ripple, the company behind the XRP cryptocurrency, is not a fan of the meme-based digital currency Dogecoin (DOGE).

Brycent 👑🚀🚀 @brycent_Next week the first Miami @AxieInfinity Meetup is happening! Make sure you signup. I'll be there. 🤩 RSVP: eventbrite.com/e/axie-miami-m…eventbrite.comAxie Miami Mixer!Jihoz and other Axie community leaders are in Miami! Let’s celebrate a fruitful 2021 and discuss our dreams for the coming year.6:11 PM ∙ Nov 23, 2021343Likes80Retweets

Most Read on The Defiant

• Wolf Game NFTs Spark Frenzy with Sales of $52M in Five DaysThere’s a new game in town. Wolf Game, a new play-to-earn concept that brings together NFTs and DeFi on the Ethereum blockchain, has taken crypto by storm and players can’t get enough.
• Acala Network Wins Polkadot’s Parachain Slot as Auction Shifts to Next PhaseAcala Network secured Polkadot’s first parachain slot on Nov. 18, winning the auction with a bid of 32M DOT (worth roughly $1.3B at the time) that was supported by more than 81,000 unique addresses. Acala Network is now slated to go live alongside the next four parachain auction winners in mid-December.
• Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDTIf decentralized finance were a character in a fable, we could imagine it as a rebel warrior taking on the world — traditional finance in particular. Then we can think about that rebel’s different body parts as composed of the industry’s best projects so far.

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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, Bailey Reutzel, 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).