Social tokens are becoming a breeding ground for adoption, with major names in music and sports all trying their hands at the web3-native fan engagement mechanism. Just this past week, social token platform Roll announced a partnership with Akon for the Grammy-nominated music producer to introduce personal tokens to his Akoin community, including in the…

Harvest Finance, one of the latest DeFi projects to ride on the waning yield farming wave, was exploited over the weekend, shortly after its total value locked crossed the $1B mark. The hacker was able to drain $33.8M worth of stablecoins. Users can deposit a variety of stablecoins and governance tokens in the Harvest platform…

Imagine a shadow universe of dark pools, anonymous mixers, and private marketplaces. Like DeFi, this shadow realm is highly liquid, ultra-usable, and built on cutting-edge cryptography. The difference is, it’s off-grid, off-chain, and untraceable.  Inside this shadow realm, anonymous communities proliferate. Capital flows into dark pools, undetected. Mixers and bridges cross-pollinate, merging liquidity across networks.…

Do you recognize art when it's right in front of you? As the yield farming craze cools off, non-fungible tokens are undoubtedly taking the blockchain world by storm, making us question our ideas about art and —as is often the case in crypto— greed.  Quick reminder: Non-fungible tokens, or NFTs, are cryptocurrencies meant to represent…

Filecoin had a record breaking $205M token sale in the 2017 boom days, promising to bring decentralized file sharing to the world, but all investors had to show for it in the three years since, was FIL token IOUs as the project repeatedly delayed its launch.  The day finally came yesterday, and for many, it…

Bancor has unveiled the next step in their new AMM design. The 2.1 release introduces an elastic BNT supply, used to cover impermanent loss for LPs through a mechanism called Liquidity Protection. The update builds on the ability to  add single-sided liquidity, or using one token to pool liquidity instead of two like Uniswap. LPs…

There’s been an explosion of Ethereum scaling developments this past week, with the latest and arguably biggest one announced yesterday: Coinbase Wallet is integrating with Optimism’s Optimistic Rollup testnet. Coinbase Wallet is the US exchange’s non-custodial wallet and dapp browser (not the exchange itself) and the integration will allow users to view their balances and…

Here’s the fable of Blue Kirby, the anonymous, video-game based character, who rode the explosive rise of the most popular DeFi token to the top and crashed back to earth along with it.  Blue Kirby’s Twitter account emerged in the space at the end of July, right as Yearn Finance was gaining traction from its…

DeFi Token Price Doesn’t Show the Full Picture The DeFi bubble might have popped but DeFi itself is stronger than ever. After an absolute DeFi explosion this (northern hemisphere) summer, with food-themed coins popping up everywhere, hundreds of millions in digital assets flowing into untested and unaudited protocols, anonymous founders based off cartoon characters hailed…

On-Chain Markets Update by IntoTheBlock DeFi lending protocol Aave started the migration from the LEND utility token to its new AAVE governance token. The migration had originally been proposed in the Aavenomics token economics upgrade paper and was recently approved through governance with 100% of addresses voting “Yae”, or in favor of the proposal. LEND…