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
Curve Finance Releases Protocol’s First Heterogeneous-Asset Pool
Curve Finance, long distinguished by its homogenous-asset pools, has taken a walk on the wild side. The automated market maker (AMM) rocked DeFi yesterday by
Latin American Bitcoin Backers Scramble to Follow El Salvador’s Lead
Lots of laser eyes….but little actual legislation, at least for now. El Salvador’s adoption of Bitcoin as legal tender this week has captured the imagination
Stablecoins Prove Their Worth During Crypto’s Slide
If a long bear market is truly beginning in cryptocurrencies, then be thankful for stablecoins. With the Defi Pulse Index (DPI) down 40% on the
El Salvador Adopts Bitcoin But a Stablecoin May Have Worked Better
Ever since El Salvador’s president Nayib Bukele activated his laser eyes and made Bitcoin the nation’s legal tender this week, crypto communities have been gushing
Holaswap Enters Murky Waters After Challenging Uniswap License
DeFi’s most well-known proprietary license is getting put to the test. A new project, Holaswap, has forked Uniswap’s V3, despite a license theoretically protecting decentralized
Defiant Degens: How to Farm IONX on Charged Particles
This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant
Sotheby’s NFT Auction Fires Up Duel with Christie’s in Digital Art
Art snobs may loathe NFTs, deeming them bastardizations of a lineage defined by Da Vinci, Michelangelo, Picasso and Rothko. But don’t tell that to the
Silly Maxis, Calm Down…You Can Love Bitcoin and Other Coins at the Same Time
Toxic Bitcoin Maximalism is dumb. I tried to lead this article with something more poetic but it honestly boils down to that. Ever since altcoins
1% of Bitcoin Supply is Now Wrapped onto Ethereum
They just couldn’t resist. Many Bitcoin diehards disdain other digital tokens but when it comes to capturing yields it’s hard not to embrace Ethereum’s DeFi
The Importance of Values in the Staking Economy
I entered the broader crypto community through Ethereum. I was the project manager at ENS for three years, led the Aragon product team to their
Curve Picks up Mojo as Battle Breaks Out for its Red Hot Token
Curve Finance is on a roll. Both Yearn Finance and Convex Finance are making Curve Finance’s CRV token a key part of the foundation in
Stablecoin Swapping Heats Up with Coinbase Following DeFi
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock When Curve launched back in February 2020, many might have thought a DEX for stablecoins was a niche
NFT Revolution Picks up Steam as Digital Artists Join Forces
Paris in the 1910s. New York in the 1950s. London in the 1990s. And now, maybe, just maybe, Foundation in the 2020s… Artists have long
ARCx Introduces ‘DeFi Passport’ for On-Chain Credit Scores
ARCx Introduces “DeFi Passport” for On-Chain Credit Scores In a move that could bring DeFi into the mammoth industry of consumer credit scoring, ARCx has
Rare Bored Ape Yacht Club NFT Sold for 49.99 ETH
Bored Ape Yacht Club isn’t monkeying around when it comes to NFTs. On June 1, a rare Bored Ape Yacht Club (BAYC) NFT sold on
Proposal to Build Sushichain Catches Eyeballs, Raises Eyebrows
First came the tweet, then countless discussions and debates followed. Within days, voila! A governance proposal materialized. This pattern is rapidly becoming the norm for
Defiant Degens: How to Earn Yield on Your BTC via DeFiDollar and Badger Finance
This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant
Uniswap Drafted to Lead DeFi Lobbying Push in Washington
DeFi is going to Washington. A group of influential Uniswap users are proposing the formation of a DeFi political defense fund to address government action
Consensus’ $DESK Token Takes on Life Beyond Conference
A testnet token created a full on mania at CoinDesk’s Consensus 2021 virtual conference last week, in one of the latest signs even valueless coins
Crypto Community Strategies for Dispelling Legal FUD
I. Executive summary The crypto industry is hamstrung by legal cost, confusion, and delay. Crypto projects frequently misunderstand the critical legal risks to their companies
THE DEFIANT MANIFESTO
WHO WE ARE The Defiant is the definitive information platform for the open economy. We are the paper of record, reporting on all the most
Arbitrum is the Latest Layer 2 to Join the Ethereum Scaling Race
Arbitrum, the Layer 2 scaling solution for Ethereum using optimistic rollups, will open its mainnet to developers on Friday and it’s already attracting one of
Mark Cuban Sends Polygon Soaring As Glitch Pings MATIC
Mark Cuban still has the touch. Even as the crypto market continues to recover from last week’s crash, the price of Polygon (MATIC) has soared
AP Auction of NFTs Ushers in New Era for Digital Media
It’s official: NFTs have gone totally mainstream. That’s the upshot from the announcement that the Associated Press, the 175-year-old paragon of traditional media, is planning
Yearn Proposal to Buy Ether Picking up Mojo
Yearn Finance users have sent a clear message — buy more Ether. More than 82% of voters in Yearn’s online poll have urged the platform
Musk and Saylor Catch Flak for Bitcoin Mining Council Gambit
What were they thinking? When billionaires Elon Musk and Michael Saylor met behind closed doors with some of North America’s biggest Bitcoin miners on May
It’s a Most Welcome Rally, but is It Just a Dead-Cat Bounce?
After 14 days of mayhem in the crypto markets, DeFi investors have stopped hyperventilating. Yes, it’s true that Ether lost more than half its value
Gitcoin Drops GTC Token to 25,500 Users; Now Worth More Than $100M
Gitcoin has been funding open source projects for a more decentralized web since 2017 and now it’s decentralizing itself. Yesterday the Ethereum-focused startup announced it
Defiant Degens: How to Earn Yield with Automated Options Selling on Ribbon Finance
This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant
DeFi100: Hack or Rug Pull?
The defacing of the website for DeFi100-Rebase, a Binance Smart Chain-based index token, has sparked a flurry of speculation about a possible heist and a
Terra’s UST Dip Raises Questions on Algo Stablecoins
Crypto markets went haywire last week and while extreme volatility is expected from most tokens, stablecoins are the one category designed to peacefully weather the
Index Coop’s Leveraged ETH Token 2x-ed Only on the Way Up –– Here’s Why
In a week where the entire market was gapping down, a curious case was how Index Coop’s indexed token ETH 2x – FLI did not
An Ape-Friendly Guide to DeFi Yield Derivatives
Generating passive income using DeFi is one of the most attractive things for a newcomer. The interest rates of these protocols are often promoted to
Yearn Finance Ecosystem Breakdown –– Pushing the Boundaries of Human Coordination
Yearn Finance surprised the DeFi world late last year when the project announced a flurry of mergers with Cream, Pickle, SushiSwap, Akropolis, and Cover in
DeFi Protocols Show Resilience in Stress Test
In a selloff which saw Ethereum’s ETH and the DeFi Pulse Index basket of DeFi tokens dropping over 20% in an hour and more than
DeFi Outperforms Post Crash as On-Chain Indicators Remain Strong
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Following the biggest crash since Black Thursday, DeFi protocols have managed to withstand major headwinds and liquidations. While
BSC’s Venus Protocol Left With Bad Debt After Liquidations
Binance Smart Chain’s most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has
Yearn Finance Seizes Dip and Buys Back $1.47M of YFI Token
DeFi gateway Yearn Finance is buying its own YFI token dip. In accordance with mandates in Yearn-Improvement-Proposal 56 (YIP-56), the protocol uses YFI staking rewards
Coinbase Wallet Could Give MetaMask a Run for Its Money
Coinbase Wallet has a new Chrome browser extension that will be competing directly with MetaMask, DeFi’s long-standing go-to browser wallet. Coinbase Wallet, which had previously
Sushi Introduces Miso Token Launchpad
The Sushi community voted and the protocol listened and is now introducing a token launchpad. The launchpad, called MISO, which stands for “Minimal Initial SushiSwap
Crypto Makes First Attempt to Recover After Worst Bloodbath in Over a Year
It’s bad out there — in the past 24 hours Bitcoin plunged as much as 30%, while Ether fell as much as 44%, crypto exchanges
Defiant Degens: How to Yield Farm with Curve LPs in Convex Finance
This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant
Crypto Market Downturn Mostly Shakes Out Short-Term Bitcoin Traders
It’s been a rough week for the crypto market̶ and it appears to be at the hands of “n00bs.” Ethereum’s ETH is down 15% from
Aave Hints at New Institutional Product
Aave is hinting at a new product for allowing institutions to practice DeFi. On Monday, Aave founder Stani Kulechov tweeted the words “Aave Pro for
What Is Binance Smart Chain? Low Transaction Fees But Fickle DeFi Users
As the crypto sell-off continues, the Ethereum community has been more resilient than the Binance Smart Chain ecosystem, even though BSC enthusiasts tout the blockchain
Polygon’s Rise Comes with Increased Scrutiny of the Scaling Solution’s Security
Polygon, which in the past month soared to become the most popular Ethereum scaling solution, is coming under fire as critics say it is too
Eco-Friendly Chia Network Gets Elon Musk Boost
The Chia network and its XCH cryptocurrency got a boost from Elon Musk’s recent lambasting of Bitcoin’s energy consumption. Last week, Chia was trending on
AITO Platform Builds Yield-Generating NFT On Top of Aave
Developed by NFT social media network AITO, the NFT is a first on Aave and also a first in that it’ll generate ongoing Aave yield
xToken DeFi Project Hacked For Over $25M
xToken, a project which automates staking and liquidity strategies and wraps them into ERC-20 tokens, has been hacked to the tune of ~$25M. The attack
Vitalik Says UNI Should Become an Oracle Token
Ethereum creator Vitalik Buterin made a proposal for Uniswap’s UNI token to become an oracle price token for ETH/USD so as to allow the DeFi
Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins
Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases
Red Flag Alert: A Framework for Vetting Crypto Projects Part III
Hey there! 👋 Welcome to the final part of the series. Give yourself a pat if you’ve made it so far! In this three-part series,
Vitalik Whiplashes Holders of SHIB Meme Coin and Sells Tokens for Charity
ETH’s and BTC’s impressive recent growth had nothing on dog-based meme coins ––at least until Ethereum’s creator, Vitalik Buterin, stepped in to sell a large
Crypto’s Top 10 Gainers Show Little Non-Speculative Demand
Of the top 100 coins and tokens by market cap, the 10 biggest gainers of the week are a bit surprising. As of May 11,
Defiant Degens: How to Farm in DeFi’s First Protocol for Push Notifications
This is a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant
Red Flag Alert: A Framework for Vetting Crypto Projects Part II
With hacks and exploits breaking every week in DeFi, participants are undoubtedly asking where to look for red flags, how to protect their investments and
$22 Million Was Stolen From Three Defi Platforms Last Weekend
While most of the DeFi community had their eyes glued to the ETH rally over the weekend, hackers took the opportunity to steal mooning assets
ETH Hovers Around $4k as Traders Prepare for a Pull-Back
Ethereum’s cryptocurrency has shot up, almost doubling in price in one month and piercing through a record $4,000 on Monday. But some traders are preparing
Global Report on Women, Cryptocurrency and Financial Independence
By Marina Spindler and Paulina Rodriguez According to a recent study, the total number of global cryptocurrency users has surpassed 100 million for the first
Red Flag Alert: A Framework for Vetting Crypto Projects
Let’s start with a story, Jean was just chilling on a Sunday afternoon and her phone buzzes, she picks up his phone and sees a
Teens Controlling Multi-Million-Dollar DeFi Protocols Are Not Playing Around
As a teenager, I was mostly concerned with getting decent grades, obtaining terrible liquor, and attracting girls with a rock band despite only playing the
Aave Liquidity Mining Catapults Lender to Become Top DeFi Protocol
On-Chain Markets Update by IntoTheBlock Almost a year since the initial release of COMP fueled DeFi Summer, Aave’s governance voted to implement a similar incentive
Gary Vaynerchuk’s VeeFriends Combine NFTs with Social Tokens
Want to play tennis with serial entrepreneur and tech investor Gary Vaynerchuk? You’ll have to snag a VeeFriends non-fungible token. Gary Vaynerchuck, also known as
Uniswap Spearheaded the First AMM Era; its V3 May Usher in a New One
Uniswap launched its third and most comprehensive update yet. This new version of DeFi’s largest decentralized exchange by traded volume has the potential to usher
Meebits’ $1.4M Sale Has Crypto Artists Calling Bubble
Meebits has everything an NFT investor could ask for ––random computer-generated traits to assign uniqueness and scarcity, the pedigree of the CryptoPunks maker and their
Curve Finance Token Holders are Reaping Rewards
Curve Finance users are getting a steady stream of rewards lately. In the last month, holders of the Curve voting token veCRV have gotten news
$100k NFT Offers Blueprint for Hypothetical Moon House
Have you ever wanted to go to the moon and reach those crypto prices with your own hands? Well strap into your spaceship, because millionaire,
S&P Dow Jones Adds Bitcoin and Ether Indices With ETF Providers Lining Up
The S&P Dow Jones Indices, the maker of likely the most widely referenced indices in finance, has added three crypto indexes to its offerings. The
Sotheby’s Collaborates with Coinbase to Accept BTC and ETH
Sotheby’s art auction house is accepting Bitcoin and Ether as payment for physical artworks. In collaboration with Coinbase, Sotheby’s becomes the first major fine art
Defiant Degens: How to Yield Farm Betting on the Growth of the Crypto Market Cap
We will be hosting a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to
Here’s What’s Driving the Price of ETH
Queue your rocket emojis, because ETH is flying. ETH broke through the $3k milestone on Sunday and reached a new all-time high above $3,300 on
Maker Foundation Transfers Funds to DAO in Decentralization Push
The Maker Foundation is sending 84K MKR tokens, worth $512M at the time of writing, to its DAO’s Treasury. The move is a major step
All the Ways to Generate Passive Income With DeFi
There may be many hooks for a newcomer to start using decentralized finance or DeFi but it can be difficult to overlook the most attractive
The Graph Migrates First Subgraphs to its Decentralized Network
Ten subgraphs, eight of which track DeFi protocols have moved to The Graph’s decentralized network. The subgraphs are the first to ever migrate from The
DeFi Fixed-Lending Protocol Notional Finance Closes $10M Round Led by Pantera
Notional Finance, a decentralized fixed-rate lending protocol built on Ethereum, closed a $10M Series A funding round led by Pantera with participation from ParaFi, 1confirmation,
IDEO Startups to Invest in Each Other Via New Founder Collective
IDEO today announced the IDEO Founder Collective, where founders of the design firm’s portfolio companies can invest in each others’ startups. All 20+ members —including
Upstart AMM Uranium Finance Suffers $50M Hack, Second Attack in a Month
Uranium Finance, an automated market maker on Binance Smart Chain, suffered its second hack this month, this time to the tune of $50M. The hack
Polygon Co-Founder Raises $3M in Crypto for India Covid Relief
As coronavirus cases spiked to over 300K new cases per day in India, the co-founder of Layer 2 solution Polygon, Sandeep Nailwal, tweeted on April
DeFi Users Explode as ETH Makes New Highs
ETH is breaking new all-time highs of just under $2,800 on Thursday, and the breathtaking rally from $200 a year ago is coming with a
1Inch Launches DeFi Wallet for IOS
1Inch released 1Inch Wallet, a non-custodial DeFi wallet for IOS yesterday. At launch, 1Inch Wallet’s features primarily revolve around swaps, with plans to introduce staking,
Binance Set to Launch NFT Marketplace in June
Binance is planning to launch an NFT marketplace and trading platform in June, the exchange said in a post. Binance NFT aims to offer high
Polygon Takes Lead in Layer 2 Race as MATIC Token and Assets Soar
Polygon’s token is rising the most among all cryptocurrencies in the past 24 hours, while assets in its networks spike. The activity is a sign
Yearn Finance Q1 Report Reveals Rising Profits Thanks to Vaults and Yield Farming
Yearn Finance said in its second-ever quarterly report, and first using the EBITDA accounting metric, that earnings in Q1 2021 were up 32% of all
European Investment Bank’s Blockchain Bond Pushes ETH to New Highs
European Investment Bank (EIB), the publicly owned lending arm of the European Union, sold a 100M euro bonds registered on the Ethereum blockchain. This marks
Novice Jeweler Living the American Dream Thanks to NFT Wearables
Recently multiple images of a pendant featuring NFT art were shared on Instagram and Twitter creating sizable buzz for Eduardo Jaramillo aka the NFT Jeweler.
Eminem & Ellen DeGeneres are Latest Celebs Into NFTs
Another week, another batch of celebrities entering the NFT space. Over the past month, we’ve seen Snoop Dogg sell an original NFT music track and
Algo Stablecoin Basis Cash Attempts Turnaround With V2
Basis Cash V2 is launching with the aim of “redesign[ing] from the ground up after a deep analysis of the shortcomings of V1.” The upgrade
Solana Gains Most Among Layer 1s in Volatile Week
Solana, the Layer 1 blockchain which touts 50K transactions a second capabilities, weathered last week’s crypto sell off better than most. The chain’s SOL token
Defiant Degens: How to Farm stkAAVE Lending and Borrowing on Aave
We will be hosting a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to
What DeFi Can Learn From Fintech Adoption
It’s not uncommon for decentralized finance (DeFi) proponents to bring up the topic of financial inclusion, that is, to provide access to financial products and
ETH Roller-Coaster Week Frays Nerves as Fundamentals Strengthen
It’s been a wild week for the DeFi traders, with ETH experiencing a mini bear-bull cycle over the course of just a few days. After
Wyoming is Turning Into the Delaware of Digital Assets
By Tyler Whirty and Kevin Nielsen Wyoming’s bid to be the “Delaware of digital assets” continued this week. Governor Mark Gordon signed bill SF38 into