Element Finance is a decentralized protocol that allows users to buy assets (BTC, ETH, USDC, DAI) at a discounted price. The protocol allows users to create liquidity and trade these discounted assets to allow buyers to earn fixed rates. The Element protocol does not require trusted intermediaries and allows for fast and efficient trading of…

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 goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol: If there’s one word to describe crypto markets, it is…

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 tokens including Uniswap and Maker, has skidded 31% in the last seven days and 6.5% in just the last 24 hours, compared with a 2.1% decline for ETH from yesterday. …

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 June 20 and all 10,762 pieces were sold out within the first 30 minutes. The NFTs were available to mint for 0.06 ETH, bringing the total raised by the project…

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 Alchemix Finance made traders an offer to iron out the alETH debacle that unfolded on June 16. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users…

Convex allows Curve.fi liquidity providers to earn trading fees and claim boosted CRV without locking CRV themselves. Liquidity providers can receive boosted CRV and liquidity mining rewards with minimal effort.

Today we’re covering Karura but in order to understand it we have to define its relationship to Kusama as well as Kusama’s relationship to Polkadot, not to mention Karura’s relationship to Acala. But I’ll do my best to make it as clear as possible because what’s being built here, particularly in DeFi could be really…

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 collateralized stablecoin project expanded to the Polygon network on May 18 and quickly became the go-to protocol for earning insane yields –– it even received praise from Mark Cuban. The…

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 no-collateral loans, announced an $11M raise from the likes of Andreessen Horowitz, DeFi Alliance, and other investors. Goldfinch enables borrowers to garner access to unsecured loans without having to go…

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 also been a flurry of chatter about possible legal action as the dustup accelerates. The first target — Curve’s own alUSD pool. Charlie Watkins, project lead at Curve, proposed removing…