Compound Caps Borrowing Levels for 10 Assets to Reduce Risk

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Loyalty NFTs Have the Power to Drive the Next Bull Run

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DeFi Lending

Compound Caps Borrowing Levels for 10 Assets to Reduce Risk

COMP Tokenholders Vote to Limit Debt After Aave Freezes Lending Pools

By Owen Fernau

Another DeFi lending protocol is reducing risk a day after Aave passed a proposal to freeze 17 of its lending pools. Holders of Compound Finance’s COMP token voted unanimously to cap the borrowing level of 10 assets supported by the protocol.

Read the full story on The Defiant

DeFi Lending

Aave Decommissions Low Liquidity Asset Pools To Protect Against Attacks

Large CRV Trade Left DeFi Lender With $1.6M Bad Debt Last Week

By Samuel Haig

Aave, the leading DeFi money market protocol with over $5B in total value locked, has frozen multiple low-liquidity asset pools in a bid to protect against attacks like the one targeting Aave’s CRV pool that caused the protocol to incur $1.6M worth of bad debt last week.

Read the full story in The Defiant

Sponsored Post

The Fabricant Launch Wholeland : The Ultimate Web3 Fashion Experience

As a pioneering startup, The Fabricant is famous for its boundary-pushing digital craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion house in 2018. It sold the first ever digital garment on blockchain for $9,500 in 2019.

The Fabricant started to build the wardrobe of the metaverse via their NFT co-creation platform where you can co-create exclusive virtual garments to trade and wear in the metaverse.They collaborated with World of Women in 2022, to create a unique collection inspired by the women characters in the WoW NFT artworks.The Fabricant just announced a new full experience called Wholeland.

Wholeland is a digital fashion story and visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops. The collection of digital wearables, called XXories, are your keys to the experience. Minting an XXorie allows you to access Wholeland and go on a journey of fearless self expression.

Join the waitlist now to get access to the most innovative experience you’ve ever seen in Web3.

FTX Fallout

BlockFi Files For Bankruptcy

Crypto Lender Paused Withdrawals On Nov. 10 Citing FTX Exposure

By Aleksandar Gilbert 18 hours ago

The collapse of FTX has felled another crypto business, with centralized lender BlockFi filing for Chapter 11 bankruptcy on Monday. The move comes two weeks after BlockFi suspended withdrawals due to “the lack of clarity on the status of FTX.com, FTX US, and Alameda.”

Read the full story in The Defiant

DeFi Lending

Abracadabra Calls On Sushi For Emergency Assistance As Faulty Oracle Places $10M At Risk

renBTC Cauldron Could Accrue Bad Debt If Open Positions Are Not Closed

By Samuel Haig

The community of Abracadabra, a crypto lending protocol and issuer of the MIM stablecoin, has called on SushiSwap to make changes to two of its Bento vaults holding $10M worth of Abacadbra users’ assets that could be at risk.

Read the full story in The Defiant

Opinion

Loyalty NFTs Have the Power to Drive the Next Bull Run

Now That NFTs Have Proven Their Utility in a Very Tough Year Comes the Next Phase

Guest writer Huy Nguyen makes a case for NFTs’ usefulness…

It may not feel like it, but crypto has reached yet another inflection point. The next growth spurt in crypto will come from tokens supporting loyalty programs that motivate community engagement, not from yield-generating protocols. NFTs will serve as the foundation for these loyalty programs, which corporations like Starbucks, Disney, and Adidas have already introduced.

Read the full story in The Defiant