Day: October 8, 2021

ribbons

Divergence Ventures Returns 702 ETH to Ribbon Finance After Gaming Airdrop

DeFi venture fund Divergence Ventures tried to game the airdrop of Ribbon Finance, one of its own portfolio companies, and it worked — but it’s returning the tokens. The fund, which put $25,000 into Ribbon Finance, returned 702 ETH today after extracting as much from the protocol’s airdrop.  At 1:07 PM, Divergence Ventures, which was …

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RBN Airdrop Holders Hit Jackpot as Ribbon’s Token Becomes Transferable

First DYDX, now RBN. After governance rejected a proposal to make RBN transferable in June, a second go-round passed, garnering over 99% support from voters.  The unlock happened at 12pm UTC on Oct. 7 and was a windfall for investors who received tokens in an airdrop because they could finally sell them. Ribbon Finance airdropped …

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Yearn Finance Launches on Red Hot Fantom and Goes Multichain

The yield aggregator, Yearn Finance announced last night that it has gone live on Fantom and incorporated the blockchain into the new version of its user interface. “The Realm of Multichain beckons. And Yearn has heeded the call,” Vany, a Yearn Discord admin, said in the announcements channel. “Today, we go multichain with the launch …

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NFTs Are Changing Everything But Are They Built to Last? (Hint: Some Are)

Are NFTs a bubble? That’s been the burning question ever since the first specimens of this breakthrough application on the Ethereum blockchain captured the imaginations of crypto heads and non-crypto fans alike.  In this research piece for The Defiant, we will unpack this query as definitively as possible. And what better place to start than …

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