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 DeFi protocols. This time the initiator was Sam Kazemian, the founder of Frax Finance,  a protocol for a fractional-algorithmic stablecoin. His tweet suggested that Sushiswap, the automated market maker, should…

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 and member of the core team at Zapper. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol: For…

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 aimed at cryptocurrencies. At the top of the list: the Biden administration’s 2020 budget proposal, which includes a potential expansion of cryptocurrency asset reporting requirements While many investors in the…

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 can spur engagement and help unite communities.  CoinDesk’s $DESK token had been claimed by more than 1,371 addresses by the end of the conference on May 27. Each wallet claimed…

Liquity is a decentralized borrowing protocol that allows you to draw interest-free loans against Ether used as collateral. Loans are paid out in LUSD (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.

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 DeFi’s biggest fish — Uniswap. That could mean help is on the way for DeFi investors who are freaking out over soaring gas fees. The launch is the latest sign…

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 25% in the last seven days. The trigger: On May 25, news broke that Cuban had invested in the next-generation Ethereum player. The performance trounced Bitcoin’s 4.8% rise in the…

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 to accumulate more of Ethereum’s ETH and strike a better balance with its native token, YFI.  The poll supports buying Ether as an extension of Yearn’s Buyback and Build proposal…

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 24 they were asking for trouble. The two Bitcoin champions were certainly confronting a big problem: In recent weeks the long simmering concerns about the soaring amount of power consumed…