🖼 SuperRare Drops Token Amid Series of Moves to Empower Artists

Hello Defiers! Here’s what we are covering today,

News

Video

How to lend and borrow NFTs with reNFT

Podcast

🎙Listen to the interview in this week’s podcast episode here:

Links

On-chain Cryptopunks: Larva Labs

Darknet crypto mixer operator pleads guilty to laundering $300M in BTC: CoinTelegraph

Coinbase Names Mitsubishi UFJ as Banking Partner in Exchange’s Japanese Expansion: CoinDesk

Crypto grows from 2% to 41% of Robinhood's total revenue in past year: The Block

📣 Join The Defiant Community Call Today Thursday 8/19 @ 2PM in our Discord!

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:

Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at
Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
Aave, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.
The DeFi Pulse Index, by Index Coop - DPI is the easiest way to capture the upside of DeFi with the benefit of diversification. Buy DPI today on your favorite DEX.

NFTs

🖼 SuperRare Drops Token Amid Series of Moves to Empower Artists

TLDR SuperRare, the influential NFT art platform, is taking a big step forward in its plan to progressively decentralize with the launch of its RARE token on Aug. 17. As part of a slew of changes, SuperRare is poised to bestow more control to artists.

AIRDROPPING The new token rocketed more than 235% on Tuesday and Wednesday before bouncing around in the $1.30 to $1.40 range in early-afternoon trading New York time on Wednesday, according to CoinGecko data. SuperRare is airdropping 15% of the 1B RARE supply to artists and collectors. At the token’s current price, that’s a distribution worth approximately $200M. There are already more than 4,500 RARE holders, according to Etherscan.

👉READ THE FULL STORY IN THE DEFIANT.IO 👈

Liquidity Mining

❄️ Layer 1 Player Avalanche Offers $180M in Incentives to Woo Defiers

NEWS Layer 1 blockchains are making extraordinary offers to attract DeFi protocols and juice liquidity. It was Harmony earlier this week, and now it’s Avalanche. The Avalanche Foundation is offering $180M in liquidity mining incentives to bring more apps into its DeFi ecosystem.

CURVE The first recipients? Users of the Avalanche-deployed versions of lending platform Aave and automated market maker Curve Finance. Avalanche has committed $20M of its native AVAX token for Aave users and $7M for Curve users over a three month period.

SO WHAT Investors seem to like the move — AVAX is up 42% in the last 24 hours, at $33.22 in early-morning trading NY time, according to CoinGecko data. Curve has also deployed to Polygon as well as Fantom, which could bolster market share and trading fees.

👉READ THE FULL STORY IN THE DEFIANT.IO 👈

Molly Wintermute Releases Hegic V8888: 0% Trading Fees and Gas Fee-Free Options Trading

Hegic V8888 is live in mainnet:

https://www.hegic.co/

Hegic is an on-chain peer-to-pool options trading protocol built on Ethereum. With Hegic, DeFi and crypto users can trade 24/7 American, cash-settled, on-chain ETH and WBTC call / put options with no KYC or registration required for trading.

Hegic was founded 1.5 years ago in February, 2020. Hegic V888 (the previous version) was live for 10 months. The results achieved by V888:

● $492,075,000 total volume

● $22M record daily volume

● 6,450 options traded

● 2,825 unique users

● $10,415,000 earned by HEGIC staking lots holders

Introducing Hegic V8888

Trading Options on Hegic V8888

● 0% trading fees: pay only a premium

● 100% gas fee-free options trading

● The lowest prices for ETH and WBTC call / put options

● Auto-exercising of in-the-money options

● Tokenized options for trading on the secondary market

● 90 days is the new maximum period of holding options

Earning Yield on Hegic V8888

● Zero-loss options selling pools with auto-hedging

● x2 higher capital efficiency with flexible collateralization

● Independent pools for selling call and put options

● Individual lock-ups for each liquidity tranche deposited

● Pools’ unrealized profits front-running prevention

● Real-time data on pools APY and P&L per each option sold

Use Hegic now:

https://www.hegic.co/

Video

📺 First Look: How to lend and borrow NFTs with reNFT

Links

🔗 On-chain Cryptopunks: Larva Labs

When we created the Cryptopunks in 2017, we linked the composite images of all the punks to the smart contract by storing a cryptographic hash of the image in the Cryptopunks contract. This way, it was clear that the contract pertained to that image, and that image only.

🔗 Darknet crypto mixer operator pleads guilty to laundering $300M in BTC: CoinTelegraph

Ohio man, Larry Dean Harmon, has pleaded guilty to laundering more than $300 million while operating the Darknet-based Bitcoin mixing service, Helix.

🔗 Coinbase Names Mitsubishi UFJ as Banking Partner in Exchange’s Japanese Expansion: CoinDesk

U.S. cryptocurrency exchange Coinbase is partnering with one of Japan’s largest banks to launch Coinbase Japan as part of a larger effort to expand worldwide.

🔗 Crypto grows from 2% to 41% of Robinhood's total revenue in past year: The Block

Robinhood's second-quarter earnings show crypto has become the driving force of growth in the investment app's revenue.

This is a public version of the newsletter and both paid and free subscribers are receiving it.

Free subscribers get:

Daily news briefings
Weekly Recap

Paid subscribers get:

Full transcript of the weekly podcast interview
Early access to opinion columns and research pieces
Exclusive access to Inbox Dump where we send all the press releases that didn’t make it to the newsletter (Saturday)
Exclusive access to subscribers-only Discord chat
Exclusive access to bi-weekly community calls

✊ Head to THEDEFIANT.IO for more DeFi news 📰

🧑‍💻 ✍️ Stories in this newsletter were written by Brady Dale, Owen Fernau and Juan Pellicer, and edited by Camila Russo, Bailey Reutzel and Edward Robinson. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was 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. Sign up to learn more and keep up on the latest, 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).