🦉 Carson’s Sudden Exit from Moonbirds Team Leaves NFT Investors Miffed

Hello Defiers! Here’s what we’re covering today:

News

• Carson’s Sudden Exit from Moonbirds Team Leaves NFT Investors Miffed
• New Project Puts NFT Investing on Autopilot
• Optimism Launches OP Token With Airdrop For Early Users

Video

• Tutorial: How to track what crypto whales are buying

Elsewhere

• Robinhood announces layoffs ahead of first-quarter earnings release: The Block
• Why the debate about crypto's energy consumption is flawed: World Economic Forum
• DeFi Data Shop Nansen Makes First VC Investment in Gaming Analytics Firm ZeroDrop: CoinDesk
• From The Compound Digest: Treasury now accepts USDC deposits; Governance Proposal 100: Compound Finance
• Bored Ape #1502 was purchased for 179.0 ETH: BAYC

Trending in The Defiant

• OpenSea’s Deal for Gem a ‘Hell of an Upgrade’ for Leading NFT Marketplace
• TRON’s Sun Vows to Rock Stablecoin Market With his Own $10B Play
• Black Pilled at Bitcoin 2022: Do We Know What All This Is For?

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

Subscribe now

🙌 Together with:

• Chainalysis, the leading blockchain data platform. Sign up now for access to their free API to quickly screen against sanctioned crypto wallet addresses. Get free access now!
• Hashflow, the first to provide bridgeless cross-chain swaps, lets you trade seamlessly across chains with guaranteed execution, MEV-resistance and the lowest gas fees in DeFi. Try it now!
• dYdX Grants is powering the future of dYdX through community grants. Join us to build on top of the largest decentralized perpetuals exchange!
• Acquisition Royale is an M&A-themed battle royale P2E game by prePO (the pre-IPO & pre-token trading platform). Unlock exclusive prePO items and rewards by playing now!

NFT Collections

🦉 Carson’s Sudden Exit from Moonbirds Team Leaves NFT Investors Miffed

Proof Collective Alum Takes Flight with New NFT Fund

By yyctrader

LEAVING Ryan Carson, the chief operating officer of the Proof Collective team that launched the Moonbirds NFT collection on April 16, is leaving to start an NFT fund. The new venture,1.21 Gigawatts Fund, touts itself as “the fund you wish you could go back in time and invest in.”

COMMUNITY Carson’s departure was not well received by the NFT community.

FLOOR PRICE The Proof team, led by serial entrepreneur Kevin Rose, has become the toast of NFT town after the spectacular success of Moonbirds. The NFT collection boasts a floor price of 30 ETH ($87,000), twelve times the mint price of 2.5 ETH, just 10 days after its launch.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

NFT Trading

🤖 New Project Puts NFT Investing on Autopilot

Automated Market Maker Positions NFTs as Tradable Assets

By Owen Fernau

NFT TRADING The financialization of NFTs continues. The latest development is the deployment of an automated market maker (AMM) called sudoAMM, which is specifically designed for NFT trading. It’s slated for Ethereum’s mainnet and is designed to be a piece of infrastructure for other NFT projects.

CONTRACT “We’re testing in prod atm for the [user interface]” 0xmon, the project’s co-founder, told The Defiant. The pseudonymous developer posted a transaction on Twitter, which used the contract deployed on April 24. Gem, an NFT aggregator which OpenSea acquired this week, has already integrated sudoAMM’s contracts, according to the aggregator’s lead developer who goes by Vasa.

COMMITMENT SudoAMM allows users to deposit either ETH, NFTs of a certain collection, or both, with a custom bonding curve. This lets users set up limit orders for by deploying ETH into a pool with an on-chain commitment to buy NFTs of a specific collection at a chosen price.

Three categories of sudoAMM pools. Source: Oxmon’s blog

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Airdrops

🪂 Optimism Launches OP Token With Airdrop For Early Users

By Owen Fernau

GOVERNANCE Layer 2 season is upon us. Optimism, a Layer 2 (L2) network designed to scale Ethereum by executing transactions off the main chain, is launching the “Optimism Collective,” a bicameral governance system which will be tasked with increasing demand for the network.

An outline of the two houses of the Optimism Collective

PUBLIC GOODS One of the two houses of the collective will be governed by Optimism’s new OP token, which will be airdropped to early users. Qualifying activities include making transactions early or often on Optimism, and also actions unrelated to the L2 like Gitcoin donations, which facilitate public goods funding.

INCENTIVES The Token House, as the token-governed branch of governance is called, will be able to vote on “protocol upgrades and project incentives as part of a Governance Fund,” said Optimism’s post outlining the new governance system.

OP Airdrop Eligibility

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

With Marinade’s mSOL token, you can earn 20%+ APY.

Here’s how it works:

• Earn 6.1% APY by staking SOL
• Get mSOL in return for staked SOL
• Earn up to 20%+ APY across DeFi using mSOL

Only on Marinade…Solana’s biggest and most trusted liquid staking protocol.

The Magic of Marinade

Marinade’s mSOL token is used in dozens of the top DeFi opportunities on Solana. So it’s no surprise mSOL has been crowned the blockchain’s “most productive asset.” Because with mSOL, you can earn additional yield on top of your original SOL staking rewards.

In Decentralization We Trust

If incredible yields weren’t enough…Marinade contributes to the security and decentralization of Solana by spreading your staked SOL across 400+ validators.

Security is Our #1 Priority

Marinade has successfully passed audits by three of the world’s top blockchain security firms.

Fast, No Gas, Near-Zero Fees

New to Solana? It’s the fastest blockchain in the world with a rapidly growing ecosystem featuring thousands of Web 3 projects from DeFi to NFTs.

Get Started Today

Connect your wallet at Marinade, stake SOL, and begin earning 20%+ APY with mSOL. With over $800M staked, discover what 66,000 others already have: Solana tastes better with Marinade.

The Tube

📺 Tutorial: How to track what crypto whales are buying

Promotion

Braintrust wants to help you land your dream job in Web3. Join Braintrust Live on Thursday April 28 at 9 AM PDT | 5 PM BST to get insider tips on what Web3 hiring managers are looking for and how to stand out from the competition from leaders at Skale, ConsenSys, Harmony, and more!

Elsewhere

🔗 Robinhood announces layoffs ahead of first-quarter earnings release: The Block

Brokerage app company Robinhood has laid off "approximately 9%" of its global staff, according to a blog post from the firm's CEO Vlad Tenev.

🔗 Why the debate about crypto's energy consumption is flawed: World Economic Forum

Last week the European Parliament voted to advance a version of the Markets in Crypto Assets (MiCA) Bill. The chosen version omitted language that would have effectively banned proof of work-based cryptocurrencies.

🔗 DeFi Data Shop Nansen Makes First VC Investment in Gaming Analytics Firm ZeroDrop: CoinDesk

On-chain data platform Nansen is dipping its toes into the blockchain gaming waters, leading a $1.27 million seed round for Web 3 gaming startup ZeroDrop.

Compound Labs @compoundfinanceFrom The Compound Digest: Treasury now accepts USDC deposits; Governance Proposal 100

compound.substack.comTreasury now accepts USDC deposits; Governance Proposal 100Compound Digest - April 26, 20226:33 PM ∙ Apr 26, 202228Likes7Retweets

boredapebot @boredapebotBored Ape #1502 was purchased for 179.0 ETH opensea.io/assets/0xbc4ca…7:51 PM ∙ Apr 26, 2022703Likes84Retweets

Trending in The Defiant

• OpenSea’s Deal for Gem a ‘Hell of an Upgrade’ for Leading NFT MarketplaceOpenSea, the most popular site for buying NFTs, has made an acquisition of its own. On Apr. 25, OpenSea acquired Gem, an NFT marketplace aggregator.
• TRON’s Sun Vows to Rock Stablecoin Market With his Own $10B PlayJustin Sun, the provocative founder of TRON with a taste for drama, is at it again.
• Black Pilled at Bitcoin 2022: Do We Know What All This Is For? As I’m watching men struggle on the mechanical bull (thinking, shouldn’t they only be using one hand?) at Bitcoin 2022 in Miami last week, a thought from the deep recesses of my mind emerges: What is all this for?

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Samuel Haig, Jason, Levin, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

Subscribe now

The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Signest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr)