DeFi Latest News, Research and Analysis
Paradigm Team Outline Efficient AMM Design for Large Trades
Paradigm research partners Dave White, Dan Robinson and Uniswap founder Hayden Adams have cooked up another trading protocol. The decentralized exchange, called TWAMM, which stands
Binance Now Supports Direct Polygon Withdrawals and Deposits
DeFi is getting easier for CeFi users. Crypto’s largest centralized exchange, Binance, now allows users to withdraw and deposit Polygon’s MATIC token directly from and
ETH Staking Service Lido Aims To Go Fully Decentralized
The Ethereum staking-as-a-service company Lido is aiming to go fully decentralized. The project has implemented a skeleton upgradable smart contract for making new withdrawals and
DeBank Launches DeFi Browser Extension Wallet With “Human-Readable” Features
Competition is heating up in the DeFi browser extension wallet category. DeBank, previously known primarily as a data provider, is the latest to announce a
Stoner Cats NFT Drop Sells Out But Would-be Buyers Bite Back Over Failed Transactions
Stoner Cats, the NFT project backed by Hollywood heavyweights Ashton Kutcher and Mila Kunis, released 10K NFTs on July 27 in a much-anticipated drop —
Senate Committee Calls for Crypto Regulations, Labeling Decentralization “Phony”
Brace yourself Defiers: Government regulation in the U.S. is looking more and more like an inevitability. On July 27, the U.S. Senate Committee on Banking,
Yield Guild Games Raises $12.5M in 31 Seconds on Token Sale
Yield Guild Games, an investment DAO focused on the use of NFTs in virtual worlds and blockchain games, raised $12.5M in 31 seconds on July
There’s Still a Chance the Goldman Sachs DeFi ETF Won’t Track a Boomer Tech Index
Goldman Sachs’s proposed DeFi ETF has sparked speculation that the fund has more to do with boomer tech than DeFi — but there’s still a
Robinhood Plans to Bolster Crypto Post-IPO
Retail investor-focused stock trading app Robinhood plans to bolster its crypto functionality. Ahead of its upcoming IPO on July 29, Robinhood livestreamed its “roadshow” to
DeFi is Getting Into Everything
Crypto isn’t just about simple financial tools anymore. Any project can be a DeFi project. Here’s how. The current crypto bear run is finally seeing
Decentralized or Not? The Uniswap Protocol and Interface Are Different Beasts
Uniswap is one of the few DeFi protocols that runs fully permissionlessly, without interruptions or possible human intervention. It’s considered to be the gold standard
Are the Bulls Back? Crypto Markets Whipsawed With Amazon News
Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains –– until news headlined caused prices
Maker Takes Final Steps to Become Fully Decentralized Ushering in New DeFi Phase
Maker Foundation’s CEO Rune Christensen stepped down this week, leaving a carefully built DAO to run the protocol in his place. The move marks the
Optimism and Buterin Tap Profit-Motive to Accelerate Public Goods for DeFi, Sparking Debate
Gitcoin rustles up millions of dollars in funding to support Ethereum developers. Lighthouse gives away Ethereum 2.0 software. And EthHub provides educational services on the
Weed, Cats and NFTs: New Animated Series Combines All Three
A new NFT project, backed by some real star power, will have you burning green in more ways than one. “Stoner Cats” is an upcoming
Defiant Degens: How to Farm Up to 152% APR in Balancer Polygon Pools
This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant and
Immutable X Releases Token and Plans Airdrop for Gods Unchained Owners
Immutable X, an NFT-focused layer 2 solution on Ethereum from the team behind the NFT trading card game Gods Unchained, has unveiled its native token,
Neon Labs’ Solana Move Tempts Developers with Scaling Power
Neon Lab’s announcement that it will offer its Ethereum Virtual Machine scaling solution on Solana made quite a splash this week. It also prompted a
Deflation is About to Whack DeFi Tokens — Is This Actually a Good Thing?
During the crypto bull market of the last year, deflationary tokenomics were a major force in many of the record price increases in the industry.
C.R.E.A.M. is Bringing Tether’s Euro-Pegged Stablecoin to DeFi
The competition to bring euro stablecoins to DeFi is heating up. Lending protocol C.R.E.A.M. Finance said it will make EURt, Tether’s euro-pegged stablecoin, available in
EU Regulators Propose Crypto Clampdown
European Defiers better buckle up, because regulators in the EU are attempting to tighten the rules on crypto transfers. On July 20, the European Commission,
FTX Breaks Crypto Funding Round Record with $900M Series B
Bucking a bearish crypto market, FTX, the two-year-old cryptocurrency exchange, announced a $900M Series B funding round at a valuation of $18B, the company said
Polygon Doubles Down on Gaming and NFTs with $100M Fund
Polygon is raising a $100M fund to support blockchain game developers and NFT creators, and tapping the chops of Atari, the trailblazer that gave the
Sushi Introduces Its Next Generation AMM Trident
Sushi has officially announced their next generation automated market maker (AMM) Trident. While SushiSwap started out as a fork of Uniswap, the announcement explicitly states
Venture Round Led by a16z Makes OpenSea Latest NFT Unicorn
The NFT marketplace OpenSea has reached a $1.5B valuation after a $100M Series B funding round led by a16z. This makes OpenSea the newest NFT-based
Crypto Stabilizes But White-Knuckle Ride May Continue as Investors Eye $20K Level
The crypto market’s all-time highs are just a memory. The summer slump now seems to be deepening into something more disturbing. And it’s not so
Twitter’s Jack Dorsey Announces DeFi on Bitcoin Project
Jack Dorsey, the Twitter CEO and Bitcoin enthusiast, wants to bring decentralized finance onto the OG cryptocurrency protocol. On July 15, Dorsey announced that his
Freaked Out by DeFi? Swarm Markets Gets Licensed to Win Over Wary Investors
When Philipp Pieper and Timo Lehes co-founded Swarm Markets in 2017 in California and then moved to Berlin, they did a strange thing. They knocked
MetaCartel Reimagines Venture Capital for a DeFi Future
When I joined MetaCartel Ventures’ weekly meeting online earlier this month I didn’t know what to expect. The outfit’s bare-bones website looks like something university
Grayscale Gives Institutions Index Exposure to DeFi
Grayscale is now offering institutional investors index exposure to DeFi. The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index
Rogue Bots are Funneling Millions from Wax Blockchain’s Star Dapp Alien Worlds
Alien Worlds, one of the biggest blockchain games running on the Wax blockchain (EOS fork), is making some participants millions of dollars in weeks. The
Looking Back at Uniswap’s Growth as it’s Deployed on L2
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock The anticipated launch of Uniswap on layer 2 has finally arrived, at least to some extent. Uniswap’s alpha
Upgrade Opens ThorChain to $4.9M Exploit
ThorChain, a popular decentralized exchange that enables native token swaps across different blockchains, was exploited yesterday to the tune of $4.9M. According to the project,
SushiSwap Treasury Sale Proposal Draws Community Ire
SushiSwap’s $60M strategic fundraising round has come under fire from community members who dislike the plan to offer investors deep discounts at a time when
Digital or Physical? Damien Hirst’s New NFT Project Gives Buyers A Choice
Damien Hirst, still the enfant terrible of the UK art scene and reportedly the nation’s richest living artist, is about to add to his fortune
Uniswap’s V3 Launches on Layer 2 Solution Optimism
It’s a good time for Layer 2 enthusiasts as Uniswap V3 has soft-launched on Optimism, a leading optimistic rollup solution for scaling Ethereum. Users can
UNI Sale Raises Concerns Regarding Newly Formed DeFi Education Fund
A series of unexpected trades in the last two days roiled the DeFi Education Fund set up by Uniswap token holders, leading to finger pointing
Hop Drops on Mainnet: A Protocol for Interoperability Across Scaling Solutions
As yields and prices cool, dampening down dreams of another DeFi summer, the hope of a Layer 2 version of the season has emerged. Pushing
The DeFi Future is Automated
A race is under way in DeFi innovation. Established players and upstart newcomers alike are in the running. Gelato has been tinkering with use cases
EXCLUSIVE: Ethereum Documentary to Sell NFTs to Fully Finance Production
When it came time to raise cash for Ethereum: The Infinite Garden, the first feature-length documentary about the world’s most active blockchain network, the producers
Adamant Targets Alameda With Contentious Governance Vote
What a can of worms. This weekend, Adamant Finance, a yield aggregator on Polygon, initiated a governance vote to “blacklist” wallets it said belong to
DeFi Traders Lost More Than $11M Across Two Weekend Hacks
Over the weekend, DeFi traders lost more than $11M across two hacks on Binance Smart Chain (BSC). On July 10, Anyswap, a decentralized cross-chain protocol,
Iron Finance at it Again: V2 has Drawn in Over $1B With Eye-Popping Yield Farms
Less than a month after the spectacular implosion of Iron Finance’s algorithmic stablecoin, the DeFi project has relaunched a new yield farm on Polygon. Iron
Buenbit Raises $11M to Bolster Crypto in Latin America
In a record-breaking deal for a Latin American crypto company, Buenbit, an exchange based in Argentina has raised $11M in Series A funding. Buenbit, the
Circle To Go Public in Q4 at $4.5B Valuation
DeFi’s most popular stablecoin issuer is going public. Circle, which issues the USDC stablecoin, announced its plans yesterday to go public in Q4 of this
Cartoon Porn and Rugs: NFTs Get Nasty
What are CryptoPunks packing down there? That’s what one new limited-run avatar NFT project, CryptoJunks, is sharing with the Internet. The CryptoJunks project uses the
Meowshi Boosts Yields for SUSHI Stakers In Run-up to V3
It’s shaping up to be a big month for Sushiswap. The decentralized automated market maker (AMM) is slated to release its much-anticipated V3 upgrade, codenamed
The Sushi Community Is Cooking Up An NFT Platform
SushiSwap will likely add an NFT platform soon. The decentralized exchange for swapping Ethereum-based tokens has been branching out into a one-stop shop for DeFi,
Crypto Drops Amid Large-Scale Macro Selloff
Crypto prices have taken a hit in the past 24 hours with open finance’s leading index DeFi Pulse Index down 8.14% at the time of
Sygnum is the First Bank Offering Eth2 Staking
Sygnum has become the world’s first bank to offer Ethereum 2.0 staking. The digital asset bank based out of Switzerland will allow clients to securely
EIP-1559 Locked In With London Upgrade on August 4
The date is set. The upgrade, called London after Ethereum’s Devcon 1 location, includes the famous improvement proposal. EIP-1559, as the upgrade is labeled, will
Even Presidents are Getting NFTs
First it was the art auction houses, then professional sports leagues, followed by media stalwarts such as the Associated Press. Now the president of Israel
ShibaSwap Is Dragging Ethereum By the Tail
For any Defiers wondering why gas prices on Ethereum have been so high over the past few days, you can blame it on the dog
MakerDAO Rebuts Accusations of Selling Oracle Data
In the DeFi world, oracles aren’t the seers of Greek myth but handy tools that enable data to flow between blockchains and traditional networks in
Cronje’s Goerli Move Triggers Confusion and Dreams of Instant Wealth
Yearn Finance’s founder Andre Cronje triggered a dustup on Twitter yesterday when he announced a new Layer 2 scaling solution for multichain.xyz, a cross-chain token
Crypto Scams are Out of Control, Again… Here’s How to Stop Them Forever
You may have seen this statistic floating around blogs and influencer feeds recently: an estimated 80% of ICO’s in 2017 were scams. This may have
The Riddle of Ethereum: Bullish Signals Abound as Price Starts and Stops
Bullish news continues to circulate as ETH price keeps dropping or moving sideways at best. Are we merely in an accumulation phase, or has the
Insane Money and a Hype-Drunk Market: Are NFTs the New ICOs?
“If you have seven figures in JPEGs…” Deeze doesn’t have to finish the thought as he scrolls through his gallery of NFTs. The 27-year-old collector doesn’t
Compound Treasury is the First Step in a Symbiotic DeFi-FinTech Relationship
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
DeFi Rates are Sliding Closer to TradFi Yields
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.
Twitter Drops 140 Free NFTs on Rarible
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
After the Gold Rush: What Are the Next Steps for NFTs?
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
Defiant Degens: How to Farm Up to 30% APR with alETH by Alchemix
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
Federal Reserve Bigwig Defends Stablecoins as Alternative to Digital Dollars
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
Coinbase and Compound Vow to Manage Risks in Crypto Savings Push
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
NFTX Aims to Spike Liquidity with New Release
The second version of NFTX is designed to refine one of the core needs in the NFT market — liquidity. NFTX has long served as
Not Just a Bank Run: New Evidence Shows Iron Finance Crashed Due to Code Exploit
$2B of market value lost in even less time than what would be considered an “overnight disaster” will be recognized as one of DeFi’s darkest
Synthetix Founder Announces Return to “Save the Project”
Kain Warwick, founder of derivatives liquidity protocol Synthetix, is back. The founder had previously stepped away from the protocol to take on a “more passive
Sunday Gas Wars: Ethereum Gas Prices Spike After NFT Frenzy
Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects. Gas fees, which briefly
Ethereum’s Hashrate Plummets to New Lows as China Squeezes Crypto Mining
Just 40 days after Ethereum’s hashrate hit an all-time high, the key metric has plunged 17% in the last 10 days, according to data from
SafeDollar Stablecoin Plummets to Zero After Exploit
The value of SafeDollar (SDO), an algorithmic stablecoin intended to be pegged to $1, has dropped to zero after a $248K exploit on Polygon. In
DeversiFi Unveils Governance Token
The decentralized Ethereum exchange DeversiFi plans to launch a governance token called DVF. DVF will be distributed via an open and fair launch mechanism called
Love Dies Hard: Data Shows Institutions Still Sweet on BTC and Crypto
Welcome to the first Global Digital Finance x The Defiant column, bringing you the stories and discussions that have caught our eye this month. From
Malt Protocol Steps Up and Reimburses $13.4M To Bug Victims
Refund is a word rarely heard in DeFi. So is redemption. Malt protocol is an algorithmic stablecoin that launched two weeks ago on the Polygon
Grayscale’s Most Exotic Crypto Bet is Soaring Yet Not Many are Biting
What a wild moment. When Grayscale Investments launched its Decentraland trust back in February it was hard to believe that a Wall Street firm with
SharedStake Down 95% After Insider Exploit
SharedStake, a decentralized ETH2.0 Staking-as-a-Service protocol, is in disarray after a suspected inside job. In a series of transactions on June 19 and June 23,
Stakehound Accuses Fireblocks of Losing $74M of ETH
It’s a he said-she said scenario, and it’s about more than $74M in ETH. Stakehound, a service which gives users a synthetic asset to trade
Gitcoin Opens the Dog Food to Fund its DAO
In a fresh move to bootstrap Gitcoin’s DAO, holders of the protocol’s GTC token voted to add a $50K category to its grants program. Gitcoin,
The Latest Scam in DeFi: ‘Soft Rugs’
Anyone in DeFi is probably familiar with the rug pull — the scam in which crypto developers abandon a project and vanish with investors’ tokens
Liquidations Ease Up as Investors Search for a Crypto Bottom
Where’s the bottom? That’s the vital question investors are asking with ETH down almost 18% in the last 30 days, and with other major Ethereum-based
What Bear Market? YGG Goes Big on Gaming NFTs with Token Launch
Defying the funk that’s gripped the broader crypto market, Yield Guild Games (YGG) announced today that it will release its YGG token on July 27
DeFi ‘Revenue’ Has Stabilized in June Despite Token Sell-offs
It’s grim times for DeFi tokens but as prices plunge, protocol revenue remains stable. The DeFi Pulse Index, which tracks the performance of 14 key
Yearn Revenues Projected to Surpass TradFi’s Fueled By Thriving Community
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Yearn Finance is quickly turning into an asset management behemoth. Propelled by its thriving community, Yearn’s fundamentals are
Wicked Cranium NFTs Sell Out In 30 Minutes
Investors continue to have an appetite for NFT collectibles despite the recent downturn in crypto markets. Wicked Craniums, an Ethereum-based, algorithmically-generated NFT project, launched on
Alchemix Asks Users to Return Funds After alETH Bug
It isn’t often that a market player appeals to the morality of its customers to correct a mistake. But that’s what’s unfolding this week as
DeFi Can’t Kill Value- Extracting Robots But Can Learn to Manage Them
The explosion of activity in DeFi markets over the last year highlighted both possibilities and problems inherent to blockchain systems, including the phenomenon of miner—or
Iron Finance Implodes After ‘Bank Run’
In a month, Iron Finance has gone from being the darling of yield farmers to one of the biggest crashes in DeFi history. The partially
No Collateral, No Problem: Goldfinch Raises $11M to Bring Unsecured Loans to DeFi
Unsecured loans, long a missing piece in the DeFi puzzle, may finally be coming to open finance. Goldfinch, a DeFi platform that specializes in making
Curve Drama Intensifies as New Proposals Target alUSD and Saddle Finance
In the wake of Alchemix’s troubled alETH release, Curve Finance has produced two governance proposals targeting tangential products of the automated loan repayment protocol. There’s
Meebits or Bored Apes? NFT Rivalry Pits Commerce vs Community
Rival fandoms abound in pop culture. Marvel vs DC Comics. Pokemon vs. Digimon. So it was only a matter of time before NFT artists and
Fox’s NFT Play Signals Big Media Stampede into Blockchain Content
Here comes Hollywood. In the latest sign that global media groups are embracing NFTs, Disney’s Fox Entertainment is launching a $100M creator fund to produce
InstaDapp Releases Governance Token with 55% for Community Members
DeFi infrastructure protocol InstaDapp has launched their governance token, INST, on Ethereum Mainnet. INST holders will be able to discuss and vote on all future
Synthetic Exchange Declares Independence with Own Token
Kwenta, an exchange interface for Synthetix’s derivatives, has declared itself an “independent project operating outside of the Synthetix core contributors,” according to an announcement post.
The World Wide Web Is Now an NFT
The source code for the World Wide Web is being turned into an NFT. Created by World Wide Web inventor Sir Tim Berners-Lee, the NFT
Bug in Alchemix’s New ETH Vault Has Left a $6.4M Shortfall
A bug was discovered in the Alchemix Finance alETH contract on Wednesday morning, leaving the project undercollateralized by 2,688 ETH, or roughly $6.4M, as users
Liquidations Whack Synthetix
In a sign of volatility in the blockchain-derivatives market, liquidations on the Synthetix platform skyrocketed to $19.4M, on June 11, a 30-fold jump from the
Alchemix Allows Users to Stay Long ETH With Auto-Loan Repayment
Last weekend, Alchemix, which offers automatic repaying loans, shipped a vault that accepts ETH. Alchemix users will now be able to borrow alETH, Alchemix’s token that’s
Zapper Zaps Its Own Vulnerability Before Hackers Do
Twenty days after upgrading its “Polygon Bridge” smart contract, Zapper found a vulnerability in its own deprecated version. According to a tweet, the Zapper project
Malt Leaves Investors Hungover as Algo Stable Depegs on Day 2
Who doesn’t love a money printer? Algo Season 2.0 is here. Last Friday, Malt Protocol launched the latest entry in the algorithmic stablecoin market. This
The Davos Crowd Dives Into DeFi with Policy-Maker ‘Toolkit’
The World Economic Forum, a bastion of the global establishment and ultra-exclusive club for heads of state, billionaires, and policymakers, is embracing DeFi. Well, sort