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People
"After DeFi, it’s NFTs and DAOs. We're Gathering Tinder:" Jihoz of Axie Infinity
This week’s interview is with Jeff Zirlin, aka Jihoz, growth lead at Axie Infinity. Axie is a digital game built on Ethereum, which involves cute animals going to battle against each other and allowing gamers to take control of their digital assets. Jihoz got into blockchain-based games with CryptoKitties after he was banned from his…

Research & Opinion
DeFi and the Gifts from Pricey Gas: Jeff Garzik
With DeFi’s explosive activity over the last month, Ethereum users have been struggling under the weight of transaction fees. Consequently, expert crypto traders are forced to rethink strategies and newcomers have more than likely thought twice about participating. You can try to grow sustainable crops in volcanic soil, but you won’t get very far while…

DeFi
Uniswap's UNI Instantly Becomes One of DeFi's Most Widely Held Tokens
Uniswap dropped the mic with the surprise launch of its native governance token – UNI. Uniswap, the leading DeFi DEX averaging more than $350M in daily volume over the past month, airdropped 15% of the total 1 billion UNI minted at genesis, to anyone who had ever interacted with the protocol since its inception. UNI…

DeFi
"Be Greedy in Private," Urges DeFi Investor Riding Fair Launch Trend
In the latest DeFi drama a developer and investor behind a token called SAFE made a mistake when deploying a piece of code and now they’re both calling each other out and publishing their private chats, as the token tanks. But this petty squabble points at a bigger problem: the latest DeFi trend of community-owned…

DeFi
Pickle Finance Sounds Like a Joke But it Wants to Bring Stability to DeFi
Just when farmers thought food coins had run their course, perhaps the most absurd project yet is leveraging pickle memes to help mitigate stablecoin volatility. Pickle Finance, a project incentivizing liquidity on the four largest DeFi stablecoins, saw $53M in 24 hour volume this weekend as its native governance token, PICKLE, traded as high as…

DeFi
Cream Finance Crosses $300M in Deposits
What happens when you fork Compound and add lending pools for DeFi’s most degen assets? You get Cream Finance. In under a month since launch, Cream has aggregated more than $300M in TVL, according to DeFi Pulse, largely thanks to CREAM liquidity mining rewards. Image source: DeFi Pulse What started as a lending protocol for…

DeFi
bZx Hacked for $8M After Security-Focused Relaunch
bZx had relaunched just two weeks ago, highlighting its increased focus on security after attackers were able to make $900k in two exploits earlier this year. Last night, it was exploited once more. The hacker was able to duplicate tokens received in exchange for deposits in the protocol, called iTokens, and then use those iTokens…

People
"It Turns Out Music Does Have Value. We've Been Pricing It Incorrectly For 20 Years:" RAC
In this week’s interview, we chatted with Grammy Award-winning DJ Andre Anjos, aka RAC. RAC, who makes electronic and dance music, has been involved in crypto in one way or another since 2016. Most recently, he tokenized his latest album and sold it on digital goods market place ZORA. The token, which has the ticker...

DeFi
$SUSHI – The Ballad of Chef Nomi – Defi’s Greatest Ever Story
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.

DeFi
"I F*cked Up. And I am Sorry:" Chef Nomi Returns $14M of ETH to SushiSwap
There’s yet another twist to this California Roll. The founder behind the Uniswap fork SushiSwap, an anonymous developer going by the name of Chef Nomi who had run off with about $14M worth of ETH and prompted accusations the project was an exit scam, today returned his stash. “To everyone. I f*cked up. And I...