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 2020 earnings, a period which spanned the five months since the protocol’s inception last year. The report offers a glimpse into the business model of a DeFi project that’s not…

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 the EIB’s first blockchain bond sale.  The 2-year digital bonds will be registered in the Ethereum blockchain after pricing on Tuesday, and will have a zero percent coupon, as reported…

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. The jewelry piece, an iced out iWatch display on a gold chain, showed a series of images. In one sense it was a simple concept yet it also unofficially launched…

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 art collection, Tony Hawk auction off NFT skateboarding videos, and Paris Hilton (who quietly sold her first NFT for $17k in August, 2020, way before the current market boom) emerge…

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 includes dynamic liquidity incentives instead of the static liquidity rewards from V1, consistent staking rewards to incentivize holders of the Basis Shares (BAS) governance token, and utility for the Basis…

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 is up 42% on the week beating out a rebounding Ether, up 10%, as well as sputtering Cardano, Tron, and Polkadot networks, down 5%, 20%, and 12% respectively at the…

Solana has emerged as one of the handful of smart contracts platforms competing to become a base layer for DeFi applications, with some of its projects gaining traction as its SOL token climbs to the top 15 by market capitalization.  Solana, created in 2017, incorporates a so-called Proof-of-History timing mechanism that facilitates its Proof-of-Stake protocol…

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 the Defiant and the Chief DeFi Officer of Zapper. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol…

In last week’s episode we ventured into the dark forest where nothing at all was what it seemed and unimaginable horrors lurked round every corner. Well this week we’re labouring the fantasy metaphor yet further with a languid lunge through illusion magic and scarcely credible financial finagling in what critics are already calling the David…