Here’s the fable of Blue Kirby, the anonymous, video-game based character, who rode the explosive rise of the most popular DeFi token to the top and crashed back to earth along with it.  Blue Kirby’s Twitter account emerged in the space at the end of July, right as Yearn Finance was gaining traction from its…

Simon Taylor has the rare quality of being very knowledgeable about decentralized finance but also about fintech. He is the co-founder at fintech consultancy firm, 11:FS, and he previously led blockchain research at Barclays. He also leads the excellent newsletter Fintech Brain Food. Simon points to a world where fintech and DeFi start to converge...

DeFi Token Price Doesn’t Show the Full Picture The DeFi bubble might have popped but DeFi itself is stronger than ever. After an absolute DeFi explosion this (northern hemisphere) summer, with food-themed coins popping up everywhere, hundreds of millions in digital assets flowing into untested and unaudited protocols, anonymous founders based off cartoon characters hailed…

On-Chain Markets Update by IntoTheBlock DeFi lending protocol Aave started the migration from the LEND utility token to its new AAVE governance token. The migration had originally been proposed in the Aavenomics token economics upgrade paper and was recently approved through governance with 100% of addresses voting “Yae”, or in favor of the proposal. LEND…

MakerDAO has casually reintroduced stability fees for the ~$900M worth of DAI now in circulation. Maker’s MKR holders voted to raise the protocol’s stability fee – similar to interest rates for Dai borrowers –  to 2% for ETH collateral from 0%, the highest since January. The reintroduction of stability fees sets Maker on track to…

Off-chain voting solution Snapshot got a stimulus boost thanks to $200k in funding from Aragon and Balancer yesterday afternoon. Both teams have pledged $100k in their native tokens, ANT and BAL, into a 50/50 Balancer pool to be used by Snapshot for future funding. @SnapshotLabs to get $200k in funding in a 50/50 BPT of…

DeFi is a growing ecosystem of protocols and applications, which are delivering value to several thousands of users, and transacting the equivalent of hundreds of millions of dollars in digital assets, every day.  The very foundations of a new financial system are being laid, with applications that enable everything from simply making transfers and payments,…

Set Protocol is doubling down on the success of the DeFi Pulse index by launching a new project – the Index Coop – focused on creating accessible crypto indexes. Tokensets, a platform for users to purchase sophisticated trading strategies in the form of ERC20 tokens called Sets, recently deployed the DeFi Pulse Index (DPI), a…

What happens when you create a fair launch governance token for a community-owned digi-physical brand apparel platform? You get $ROBOT. MetaFactory, which produces limited edition  wearables for crypto designers advancing Web3 culture, is distributing the ownership of the project via a token called ROBOT. The initial token distribution of 39k ROBOT went to the 43…

A non-fungible token is set to be sold at one of the world’s most prestigious auction houses tomorrow, in a world’s first. Portraits of a Mind, the work by artist Robert Alice is composed of two parts, a physical painting and an NFT. The NFT to be auctioned at Christie’s was developed by Async Art,…