defiant

Ledger Suffers Another Data Leak

Ledger customers’ data has been leaked yet again, putting the state-of-the-art hardware wallet company into another compromising position.  Ledger announced on Twitter that it has been targeted by rogue Shopify team members who exported over 200 merchants’ customer databases in April and June of 2020. 292,000 customers have been affected, and Ledger says that while …

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A Blockchain Expert Might be the New SEC Head

Joe Biden’s new SEC chair may be, if not an advocate, at least very knowledgeable on blockchain technology. President-elect Joe Biden will be appointing MIT professor Gary Gensler as chair of the U.S. Securities and Exchange Commission, Reuters reported. Gensler is a Professor of the Practice of Global Economics and Management at MIT’s Sloan School …

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EIP-1559 Is Ready. Or is it?

Ethereum Improvement Proposal 1559, a long awaited update to Ethereum’s core codebase, was rumored to be ready for deployment yesterday in a leaked Discord conversation on Twitter. The proposal aims to change Ethereum’s transaction fee mechanism to improve user experience and reduce ether inflation. Most Significant  As EIP-1559 is viewed by the broader Ethereum community …

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DeFi Founders Empathize With Cronje’s “Rant”

Yearn Finance founder and prolific DeFi builder Andre Cronje posted a part two to his initial post “Building in #DeFi sucks.” And while they didn’t say it sucks, other prominent founders in the space agreed that the pressure is on. Cronje’s post offered a glimpse into the intense pressure that’s put on developers, especially in …

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Notional Comes out of Stealth With Fixed Lending Protocol

Notional Finance has come out of stealth with $3M in liquidity following a closed beta over the past quarter. Notional users can lend and borrow the stablecoins DAI and USDC at fixed rates using ETH or WBTC as collateral. A 10k USDC loan has a fixed APR of 4.27%, while a 10k USDC deposit has …

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Aragon Faces Wave of Resignations and It’s Not Clear Why

[Story was updated at 2:58pm EST] The Aragon community is facing mass resignations and nobody in the leadership team is being forthright as to what exactly is driving the exodus.  The latest high-profile resignation was from Jorge Izquierdo, chief executive of Aragon One, the for-profit entity building tools and apps on the Aragon protocol. Izquierdo, …

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elastic

Elastic Finance: Definition, Use Cases and Framework by AmpleSense DAO

Rebase Tokens and Elastic Finance: They’re Not What You Think Elastic finance (EeFi) offers an exciting monetary and technological innovation, the likes of which has not been seen in the cryptocurrency market in many years. The emerging elastic finance sub-sector – led by Ampleforth – features tokens that experience dynamic supply adjustments called rebases. The …

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ShapeShift Embraces DeFi, Axes KYC

ShapeShift will be fully embracing DeFi protocols and getting rid of KYC. The Colorado-based company will now route traders to decentralized exchanges, rather than holding cryptocurrency and being the counterparty in customers’ trades. This change allows it to stop collecting users’ information. Only ether and ERC20 tokens are supported for now. Fundamental Change  “Today, ShapeShift …

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“There is Now a Floor for GNO,” With GnosisDAO, Arca’s Jeff Dorman Said

Hedge fund Arca, which holds Gnosis tokens, argues the prediction markets protocol should make a tender offer for GNO because the coin is trading below the project’s total assets. While the DAO provides a floor for the token price, it’s not clear what upside it will create, Arca Chief Investment Officer Jeff Dorman said. Stefan …

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Yearn Merges With Cover to Make DeFi Safer

After a series of flash loan attacks where DeFi protocols lost $100M in damages, Yearn acquired Cover Protocol to provide decentralized insurance. The project pays out claims from exploits or certain attacks on smart contracts, using a the  Snapshot voting tool to decide coverage. The claim will move to its Claim Validity Committee (CVC) to …

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Yearn Partners with Akropolis in Move for Institutional DeFi

Yearn Finance announced a merger with Akropolis, trailing a series of Yearn partnerships and recent ecosystem hacks.  Earlier this month, Akropolis lost $2M in an exploitation attack. This technical partnership highlights the permissionless nature of DeFi, where Akropolis could make the unilateral decision to integrate itself in the Yearn ecosystem. Akropolis enables under-collateralized lending protocol …

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NFT Platform Rarible Closes Seed Round With CoinFund

Rarible, a digital art-focused NFT platform, has raised an undisclosed amount in a pre-seed round closed by crypto investment firm CoinFund. “The investment will help Rarible develop a community-governed, blockchain-based NFT marketplace that enables a direct relationship between digital content creators and buyers,” Rarible’s announcement said. CoinFund supports its investment with the view that blockchains …

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SushiSwap Drains Uniswap Liquidity. Still, Everyone Won

DeFi experienced what seemed like its first-ever hostile takeover today, except instead of stock buyouts and management shakedowns, it was driven by users switching platforms following their own economic incentives. Crypto capitalism at its finest. 1) well the migration is done; sushiswap is livehttps://t.co/c2JGZJ65Ch — SBF (@SBF_Alameda) September 9, 2020 SushiSwap, a fork of Uniswap, …

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SushiSwap’s Vampire Scheme: Hours Away and With $1.3B at Stake

Hello Defiers! Today’s issue focuses on the SushiSwap / Uniswap debacle, which is shaping up to be one of the most interesting developments in DeFi this year. In less than two days SushiSwap will try to drainUniswap’s liquidity. With $1.3B still in SushiSwap, LPs may very well jump ship at the last minute or they …

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