📺 What if Credit Suisse was a Crypto bank?

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

News

• SushiSwap Elects Grey New ‘Head Chef’ After Months of Drama
• DeFi Lender Euler Finance Accepts USDT as Collateral
• ENS Registrations Hit All-Time High In September
• Ribbon Targets Institutional Investors for Unsecured Lending Offering

Podcast

🎙 Starkware Founders: Ethereum Could Surpass Visa's Transaction Speeds Within Months

Video

• Quick Take: What if Credit Suisse was a Crypto bank?
• Goodbye Robin

DeFi Explainers

• What are Gas Fees?

Elsewhere

• Celsius Network founder withdrew $10mn ahead of bankruptcy: The Financial Times
• Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts: CoinDesk
• Nitro is @Arbritrum latest update, and it provides higher throughput, faster finality, and more efficient dispute resolution than previous rollups: Arbitrum

Trending in The Defiant

• Winklevoss Offers MakerDAO Deal But Christensen May Be Underwhelmed
• Vasil Upgrade Could Finally Unlock DeFi on Cardano
• Olympus Slashes OHM Inflation In Bid For Sustainability

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).

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Ref Finance:Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.

DAO Governance

👨🏻‍🍳 SushiSwap Elects Grey New ‘Head Chef’ After Months of Drama

Grey Pledges to Help DEX Move Past Tumultuous Period and Scale Up

By Samuel Haig

ELECTION After months of debate and controversy, the community of SushiSwap has finally elected a new “head chef” to lead the decentralized crypto exchange.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Lending

💰 DeFi Lender Euler Finance Accepts USDT as Collateral

Move Is A Vote Of Confidence In Crypto’s Largest Stablecoin

By Owen Fernau

NEWS Skepticism about whether USDT is fully backed by reserve assets has been around since 2017. Despite this, crypto’s largest dollar-pegged stablecoin, with a $68B market capitalization, has continued to make inroads into DeFi. The latest example is a governance proposal from lending protocol Euler Finance, which will allow the protocol to accept USDT as collateral for loans.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

AMC’s The Walking Dead Signature 3D Avatars Minting on 10/5

The Walking Dead series may be coming to an end, but the Dead continue to live on in Web3. After two public sell outs of their NFT collections, Orange Comet will be releasing their Metaverse-ready, 3D hand-sculpted avatars of some of the favorite characters from the TV series. On October 5, two 5K piece mints (one public, one passholder only) will go on sale.

The Avatars feature fan-favorites Rick, Daryl, Michonne (with her pets), Carol, Mercer and more. These high-quality digital collectibles are one of the required NFTs needed to activate the gamification of the upcoming ‘The Walking Dead Lands’ metaverse; a post-apocalyptic open-world build-and-earn experience.

The cost for the public mint will be $80, priced in ETH immediately before the mint, and if you’re a Walker Access passholder, there will be an additional 0.02 ETH discount. So even if your favorite show may be ending, get your wallets ready so you can stay connected to the TWD community.

📈 ENS Registrations Hit All-Time High In September

Collectors Snapped Up Nearly 440,000 .eth Names Despite Bear Market

By Tarang Khaitan

ALL-TIME HIGH Demand for .eth domains remains strong despite the ongoing market downturn. Ethereum Name Service (ENS) had a stellar September as both registrations and renewals hit all-time highs above 437,000 and 45,000 respectively.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

DeFi Lending

🎯 Ribbon Targets Institutional Investors for Unsecured Lending Offering

Users Lend to Wintermute and SBF-Backed Folkvang in Early Moves

By Owen Fernau

DERIVATIVES Institutional investors just got one more high-risk way to play the crypto market. On Oct. 3, Ribbon Finance, a DeFi derivatives platform, launched an offering called Lend that allows users to make unsecured loans to institutions.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Defiant Video

📺 Quick Take: What if Credit Suisse was a Crypto bank?

📺 Goodbye Robin

Podcast Video

🎙📺 Ethereum can surpass Visa's transaction speed within months

DeFi Explainers

⛽️ What are Gas Fees?

A Step-by-Step Guide to the Costs of Using Ethereum

By Rahul Nambiampurath

OUTSIDE MONEY For a system to be decentralized, it must be self-funded. In other words, there is no need for outside money to make it work. Self-funding must be incentivized to be effective.

FEES This is the core concept of public blockchain networks, from Bitcoin to Ethereum. Every time people use these networks to transfer tokens or use dApps, they pay a transfer fee to either miners or validators. Ethereum popularized the term “gas fee,” but it all started with Bitcoin.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Elsewhere

🔗 Celsius Network founder withdrew $10mn ahead of bankruptcy: The Financial Times

Celsius Network founder Alex Mashinsky withdrew $10mn from the crypto lender just weeks before the company froze customer accounts as it spiralled towards bankruptcy, according to people familiar with the matter.

🔗 Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts: CoinDesk

Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.

DiamondProtocol @DiamondProtocolNitro is @Arbritrum latest update, and it provides higher throughput, faster finality, and more efficient dispute resolution than previous rollups. #UniBot has been performing a lot better since this update, so here's a breakdown of what it means💎🔥: medium.com/@diamondprotoc…

medium.comWhat is Arbitrum Nitro and What Does it Mean for Unibot?Arbitrum Nitro went live almost one month ago, so what is Nitro, and what does it mean for UniBot?3:04 AM ∙ Sep 30, 2022201Likes19Retweets

Trending in The Defiant

• Winklevoss Offers MakerDAO Deal But Christensen May Be UnderwhelmedMakerDAO, the leading DeFi protocol, is increasingly being tempted by tantalizing offers from major centralized players.
• Vasil Upgrade Could Finally Unlock DeFi on CardanoCardano, the world’s fifth-largest blockchain by market capitalization, might be on the cusp of a DeFi revolution — if anyone still wants to build on it, that is.
• Olympus Slashes OHM Inflation In Bid For SustainabilityOnce the poster child of the “DeFi 2.0” movement, Olympus DAO has had a rough year.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

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