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DeFi

No Liquidation, Squared Leverage!? Squeeth Is Nuts!
DeFi

No Liquidation, Squared Leverage!? Squeeth Is Nuts!

Squeeth is short for Squared Eth. It’s a new power perpetual from Opyn allowing users to benefit from convexity when going long ETH. Long squeeth (ETH²) gives you a leveraged position with unlimited upside, protected downside, and no liquidations. Compared to a 2x leveraged position, you make more when ETH goes up and lose less…
Anchor Asks Luna Foundation Guard for $450M to Shore Up Dwindling Reserves
DeFi

Anchor Asks Luna Foundation Guard for $450M to Shore Up Dwindling Reserves

Anchor is looking for a rescue from Terra Foundation Guard as its revenues dwindle.
Answer to SushiSwap's Troubles May Be Transforming into On-Chain DAO
DeFi

Answer to SushiSwap's Troubles May Be Transforming into On-Chain DAO

A proposal to move SushiSwap governance on-chain is imminent.
From Airdrop to $307M in Revenue in 30 Days — LooksRare Surges Past OpenSea in Torrid Month
DeFi

From Airdrop to $307M in Revenue in 30 Days — LooksRare Surges Past OpenSea in Torrid Month

LooksRare came roaring out of the gate and notched $307M in revenue, leapfrogging OpenSea
DeFi 2.0 Primer: Decentralized Finance is Poised to Expand its Reach But Challenges Loom
Education

DeFi 2.0 Primer: Decentralized Finance is Poised to Expand its Reach But Challenges Loom

In this DeFi 2.0 primer, Mason Marcobello explores the next iteration of the DeFi story.
Gamers' Loathing of NFTs Deepens After Team17 Reversal on MetaWorms Deal
DeFi

Gamers' Loathing of NFTs Deepens After Team17 Reversal on MetaWorms Deal

The collapse of the Team17 deal with Reality Gaming Group highlights the antipathy gamers have for NFTs.
Crypto Stakers' IRS Tax Refund Marks Milestone for PoS Validators
DeFi

Crypto Stakers' IRS Tax Refund Marks Milestone for PoS Validators

There may be good news ahead for those looking to earn new tokens by providing security to major blockchains that operate using proof-of-stake.  Joshua and Jessica Jarrett on Dec. 20 received a letter from the Department of Justice saying that the Internal Revenue Service (IRS) had approved a full refund of their 2019 taxes against…
Wormhole Cross-Chain Bridge Exploited For $320M
DeFi

Wormhole Cross-Chain Bridge Exploited For $320M

Wormhole, the main cross-chain bridge connecting Solana to other blockchains, has been exploited.
0x’s New Offering May Drive NFT Action to Avalanche, Fantom, Other Chains
DeFi

0x’s New Offering May Drive NFT Action to Avalanche, Fantom, Other Chains

A new offering will expand NFT management to multiple blockchains, including Avalanche and Fantom.
SushiSwap Struggles to Overcome Lack of Management and Nixed Frog Nation Deal
DeFi

SushiSwap Struggles to Overcome Lack of Management and Nixed Frog Nation Deal

The drama is building at SushiSwap as the platform struggles to overcome management woes and a failed union with Frog Nation.