On-Chain Markets Update by Lucas Outumuro, IntoTheBlock DeFi is gearing up for broader adoption. Currently most DeFi protocols are looking at layer 2 scaling solutions or a multi-chain approach to be able to make transactions more affordable and scalable. While this reduces new users’ barriers to entry in terms of cost, they still have to…

DeFi’s borrowing and lending rates are trending downwards, opening questions of what will happen to open finance if yields converge with those of traditional finance. Borrowing rates for USDC have declined to 2.5% and 3.1% on Compound and Aave, from over 15% three months ago, according to LoanScan. Lending rates have suffered similar compression, with…

Twitter is on Rarible. Yes, the gigantic social media platform. That Twitter.  On June 30, the official Twitter account tweeted that it was giving away 140 free NFTs based on the platform’s aesthetic, brand and memes. These one-of-twenty edition NFTs included a furry Twitter bird, an overflowing bottle of blue Twitter vitamins, and a Twitter…

Non-fungible tokens (NFTs) exploded into popular consciousness in the first half of 2021. In particular, the art world really began to take notice of this asset class, which allows for clear ownership of a unique virtual item.  Whether it was the digital artist Beeple selling his NFT piece for more than $60 million, Covid Alien…

Pendle is a futuristic DeFi protocol that allows you to realise the future interest of a yield-bearing token like aUSDC or cDAI by breaking it into two derivative tokens, a Yield Token and an Owner Token. This opens up fresh possibilities for owners to create liquidity, for traders to leverage yield opportunities without locking up…

This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Before reading this tutorial, a bug was discovered two weeks ago in the…

There’s nothing to be afraid of with stablecoins. That’s the main message Randal Quarles, the vice chair for supervision at the Federal Reserve and a member of its board, delivered on June 28, surprising a DeFi community that’s become inured to getting dissed by the financial establishment. Quarles believes private-sector stablecoins are a worthy alternative to…

Whopping interest rates on offer from crypto lending platforms have been a big story over the last several months. Now Coinbase and Compound, two giants in the space, are wading in with their own reinventions of an old banking staple — the savings account.  The question is, are customers ready for the torque and complexity…

The second version of NFTX  is designed to refine one of the core needs in the NFT market — liquidity.  NFTX has long served as a liquidity hub for people who want to buy and sell the cheapest NFTs from any given collection (ie: the lowest-value Cryptopunks).  Zombie Punks Now the V2 will simplify NFTX’s…

NFTX is a platform for making ERC20 tokens that are backed by NFT collectibles. These tokens are called funds, and (like all ERC20s) they are fungible and composable. With NFTX, it is possible to create and trade funds based on your favorite collectibles such as CryptoPunks, Axies, CryptoKitties, and Avastars, right from a DEX like…