A growing category of social media users now prefers using cartoons rather than their own photos to identify themselves online. They especially like cartoons that are as unique as their real faces.  Non-fungible token (NFT) technology makes it easy for a person to know they are the only person who owns such an image. The…

Compound Finance’s smart contracts paid users an excess of millions of dollars in COMP tokens after a protocol update was deployed with a flaw in the code.  The impact of the bug is limited to 280K COMP tokens and does not affect user deposits or loans, founder Robert Leshner said in a tweet. Just over…

Non-custodial exchange dYdX has climbed to the top of the DEX rankings by trading volume, beating out Uniswap, for the first time. More than $9B  has been exchanged on the trading platform in the last 24 hours, according to data provider CoinMarketCap. Uniswap’s V3 lands in second at $1.2B, the only other DEX to trade…

Everyone is looking for stronger yields in DeFi. Gro is a new yield platform that aims to offer boosted returns on leading stablecoins to users willing to accept some risk. Gro is set to launch liquidity mining shortly for its depositors, which means they will begin receiving its governance token, GRO, based on the funds…

SMART Alpha allows users to calibrate their exposure to the performance of an underlying asset. It does so by regularly redistributing an aggregated pool of the underlying asset between two groups of users: a senior side, and a junior side. When price goes up, seniors give up some of their assets to the juniors, and…

I was told there would be explosions. There haven't been any explosions, though, unless you count blown minds. As everyone else in the NFT space heralds a new era in art history, a loose crew of about 10 degens took over Crypto Twitter for a week, recruiting an army of memesters to pitch the world…

DeFi DAOs have made some serious cash in 2021 — but generally only in their native tokens. Now they’re looking to diversify. Fueled by a combination of rising token prices and an explosion in fee revenues as DeFi continues to attract new users, the decentralized autonomous organizations (DAOs) that act as a management layer for…

Fireblocks, the digital asset security firm, has posted a proposal on Aave’s forum to scrutinize and approve participants on the DeFi giant’s platform. If Aave governance passes the whitelisting proposal, Fireblocks would be able to onboard a slew of institutional clients into the lending protocol.  Fireblock’s CEO, Michael Shaulov told The Defiant that roughly 50…

Axie Infinity is a blockchain-based game that’s become a smash hit with crypto users. It allows players to earn real money, and lots of it, surpassing the monthly salary for many in the world’s poorest countries.  It’s a massive game, sporting 1.5M daily users, according to its most recent development update. That’s more than Bitcoin’s…

After four years of development, Decentralized Pictures — a new project from Frances Ford Coppola’s fabled American Zoetrope production company — is preparing to go live.  The project is just what it sounds like — a decentralized platform leveraging blockchain and digital tokens to select films for financing and production support. It is now wrapping…