🚀 Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update

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

News

• Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update
• Gnosis Votes on Whether to Spin Out DeFi Infrastructure Project as Independent DAO

Podcast

🎙Listen to the interview with Giveth’s Griff Green here:

Video

• Real Vision vs. The Defiant: Bad Rappers, Russia reverses and Bitcoin Bounces
• Tutorial: No liquidation, squared leverage!? Squeeth is nuts!

Links

• Introducing the Nomic Foundation: An Ethereum public goods organization: Medium
• Nationals, Terra create first-ever sports partnership with decentralized autonomous organization: Medium
• McDonald’s and Panera Bread file trademarks for virtual restaurants in the metaverse: The Block
• Salesforce tells employees it’s working on NFT cloud service: CNBC
• Yesterday's Axie Tuesday with @chuckfresco AKA the ‘Babe Ruth of Axie’ and @ZyoriTV: Axie Infinity
• Hackers, make sure you check out to the beautiful @holaplex NFT Gallery: Solana Hacker House

Trending in The Defiant

• Cancel Culture Comes to Crypto as Offensive Tweets Trigger Flurry of Ousters
• The Time is Now: Web3 Must Make Good on its Promise of Inclusivity
• Bitfinex’s LEO Token Explodes After US Seizes $4B of Bitcoin Lost in 2016 Hack

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GameFi Markets

🚀 Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update

MOMENTUM Smooth Love Potion, a token earned by playing Axie Infinity, has been a white knuckle ride in recent months. In its latest turn, the token has soared almost 70%, to $0.034 in mid-morning trading U.K. time. The momentum pushed Smooth Love Potion’s (SLP) market cap to $1.1B.

SLP’s 14-day chart. Source: CoinGecko

CATALYST The token is the highest gainer of the top 300 coins in the past 24-hours as of Feb. 9. The apparent catalyst is a change to Axie’s game mechanics as a part Season 20 update, which was posted to the project’s Substack on Feb. 3. Season 20 makes two major cuts to SLP emissions, which together will reduce daily increases in token supply by 165M, according to the project’s estimations.

CELEBRATED It’s a big moment for Axie. The project is the flagship of the play-to-earn economy and was celebrated for supplementing or replacing people’s income, but even at the $0.03 mark, SLP is down over 92% from the token’s all-time high of $0.40 which came on July 13.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DAOs

🗳 Gnosis Votes on Whether to Spin Out DeFi Infrastructure Project as Independent DAO

NEWS In a move that could change the structure of one of the most important pieces of DeFi infrastructure, the community behind Gnosis is voting on whether to spin out Gnosis Safe, its popular multi-signature digital asset management platform.

PROTOCOLS Gnosis Safe supports the Ethereum and Web3 ecosystems. Many leading crypto protocols, including Curve, Aave, and Chainlink, use Safe. The protocol now holds more than $107B worth of Ether and ERC-20 tokens, or roughly 5.1% of the combined cryptocurrency capitalization according to CoinGecko.

STEWARD “We believe the SafeDAO to be the best vehicle to steward development across the Interface, Infrastructure, and Protocol layers of the Safe project,” tweeted the Gnosis Safe team.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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The Tube

📺 Real Vision vs. The Defiant: Bad Rappers, Russia reverses and Bitcoin Bounces

📺 Tutorial: No liquidation, squared leverage!? Squeeth is nuts!

Links

🔗 Introducing the Nomic Foundation: An Ethereum public goods organization: Medium

Nomic Labs (creator of Hardhat) is becoming the Nomic Foundation, a non-profit organization dedicated to Ethereum’s developer platform, on a mission to empower developers to decentralize the world.

🔗 Nationals, Terra create first-ever sports partnership with decentralized autonomous organization: Medium

The Washington Nationals are proud to announce a groundbreaking partnership with the Terra community.

🔗 McDonald’s and Panera Bread file trademarks for virtual restaurants in the metaverse: The Block

McDonald's and Panera Bread, two major US-based food chains, have filed trademark registrations to build virtual restaurants and sell other digital assets in the metaverse.

🔗 Salesforce tells employees it’s working on NFT cloud service: CNBC

Salesforce co-CEOs Marc Benioff and Bret Taylor spoke about the company’s vision for an NFT cloud service, according to people with knowledge of the matter.

The Axie Intern ✏️📋 @jihoz_internYesterday's Axie Tuesday with @ChuckFresco AKA the ‘Babe Ruth of Axie’ and @ZyoriTV felt like a truly genuine and awesome conversation It was amazing to hear ChuckFresco's history within Axie, insight on market crashes, and journey through crypto Here are some quick notes:11:42 PM ∙ Feb 9, 2022188Likes30Retweets

Solana Hacker House | Seattle Feb. 9th-13th @hackerhouses🖼 It's time to get inspired. Hackers, make sure you check out to the beautiful @holaplex NFT Gallery right next to the workstations. #HackerHouseSeattle @metaplex @SolanaFndn 12:07 AM ∙ Feb 10, 2022138Likes30Retweets

Trending in The Defiant

• Cancel Culture Comes to Crypto as Offensive Tweets Trigger Flurry of OustersFor years, crypto has floated along in its own bubble, replete with risque anime characters, profane observations, and lots of provocative opinions about politics and society.
• The Time is Now: Web3 Must Make Good on its Promise of InclusivityA recent report by ArtTactic revealed something startling about web3: for an industry that casts itself as an egalitarian panacea we still have a long way to go.
• Bitfinex’s LEO Token Explodes After US Seizes $4B of Bitcoin Lost in 2016 HackA token most people in crypto haven’t thought about since it launched in 2019 just rocketed up in value and the moves actually make sense once you dig in.

🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, 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.

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