Recap: DeFi Week of Jan. 11 🦄

Hello Defiers! Hope you’re having a great weekend. Summing up: The week started off with a sell-off in the cryptocurrency market, which prompted liquidations in DeFi to jump to the third-highest ever, while short positions on ETH climbed near the highest ...

Hello Defiers! Hope you’re having a great weekend.

Summing up: The week started off with a sell-off in the cryptocurrency market, which prompted liquidations in DeFi to jump to the third-highest ever, while short positions on ETH climbed near the highest since 2019. There was also drama going on at one of Ethereum’s longest-standing teams, Aragon, which faced over a dozen of resignations.

We shone a light on rebasing tokens, aka elastic finance, with an op-ed by AmpleSenseDAO, our Defiant Weekly video, and a DeFi101 explainer. DeFi rockstar Andre Cronje penned part 2 of his post “Building in DeFi Sucks,” and we caught up with other DeFi founders, who said the pressure of building in open sourced systems is intense. Rumors about EIP-1559 being ready riled Ethereans up, as did the debate around social media’s power to deplatform individuals.

And there was even more :)

That was just one week. Subscribe to get the latest DeFi news and analysis straight to your inbox and you don’t miss a thing. Free-signups get partial content, paid subscribers get everything. Click here to pay with DAI (for $100/yr) or click on the button below to subscribe with fiat ($100/yr, $10/mo).

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📺 Check out the latest Defiant Weekly and hit subscribe on our YouTube

That was just one week. Subscribe to get the latest DeFi news and analysis straight to your inbox. Free-signups get partial content, paid subscribers get everything. Click here to pay with DAI (for $100/yr) or click on the button below to subscribe with fiat/credit card (for $10/mo or $100/yr).

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🙌 Together with Zerion, a simple interface to access and use decentralized finance, Neutrino, an algorithmic price-stable protocol that enables the creation of stablecoins tied to real-world assets, Value DeFi Protocol, a suite of DeFi products including the Value Liquid AMM, which allows anyone to create trading pools with flexible ratio pairs, and Cartesian optimistic roll-ups solution that aims to revolutionize smart contracts by allowing developers to code with mainstream software stacks, has just launched CTSI Reserve Mining.

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Interview

"I'm Imagining a World Where Every Song Has an Investable Layer:" DJ 3LAU

In this week’s podcast, we interview Justin Blau, better known as 3LAU, one of the world’s top DJs, who is also at the forefront of the intersection between music and crypto. He became interested in blockchain technology because it can provide a means for fans to provably to own digital content, and for artists to better monetize their work. He believes this innovation has the potential to revolutionize the music industry.

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

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Op-Ed

Elastic Finance: Definition, Use Cases and Framework by AmpleSense DAO

The team at AmpleSense DAO, a community focused on improving understanding and adoption of elastic finance assets, wrote a piece that aims to explain how rebasing tokens work. The quick definition for these tokens is that instead of price volatility, they have supply volatility. Their token supply expands and contracts in response to market demand to maintain a pre-determined target price. Rebases magnify holders’ gains when the price is going up, but also magnify losses on the way down, which is why it can be a risky investment. Another common criticism they get is that they historically haven’t been able to hold their peg, which in theory would make them less useful than a stablecoin as a means of exchange. Amplesens provides a framework for evaluating them, and list the many use cases they see for these assets.

Thursday

Dives

Markets

Bytes

Links

Wednesday

Dives

Bytes

Links

Tuesday

Markets

Dives

Links

🧑‍💻 ✍️ Stories this week were written by Daniel Kahan, Owen Fernau, Cooper Turley and Christopher Attard, and edited by Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov, with writing from DeFiDad.

💜Community Love💜

Thanking all the amazing Defiers for the support and love this week (and always)!

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Mike Kriak @mkriakAs always, always on time and on point. Well done @DefiantNews : Elastic Finance: Definition, Use Cases and Framework by AmpleSense DAO by @CamiRusso

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thedefiant.substack.comElastic Finance: Definition, Use Cases and Framework by AmpleSense DAOIt’s been called useless and likened to a ponzi scheme, while also hailed as the greatest crypto innovation since Bitcoin and Ethereum. Here’s your guide to Elastic finance.10:38 PM ∙ Jan 11, 202119Likes5Retweets

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David Prince @RiskObscurityMy favourite video on DeFi to date. Algorithmic Stablecoins are my new negligee #SexyYfronts #DeFi youtu.be/sQ9m9txjF4U Amazing @DefiantNews !!!

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youtu.beAlgorithmic Stablecoins: Sexy AF or A Load of Pants?While your regular crypto asset will fling you around like a ragdoll and reduce your life expectancy by double digits at least twice a month, stablecoins wra...6:58 PM ∙ Jan 16, 20217Likes2Retweets

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Unagii @unagiidotcomWho else does DeFi videos better than @DefiantNews? 🤔 Quality production ☑️ Informative ☑️ Engaging ☑️ Share this weekly Tuesday Tutorial with your new to DeFi friends as @DirSchmidt (tries) to breakdown common DeFi terms in 2mins 🔥 https://t.co/nJan4riWjj

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The Defiant @DefiantNews🔉Announcement🔊 We are proud to present the new series “2 Minute Tuesday Tutorials” on the @DefiantNews’ YouTube Channel, full of all them 💎s. Checkout Today’s Episode on “14 Buzzwords to Know in DeFi” https://t.co/wbmFFqPdBj https://t.co/PkM2goCbD55:46 PM ∙ Jan 15, 202110Likes4Retweets

L @LCStoryteller@MeYourselfAndIt @carlsonaio 🔑 starters: -Discover crypto Twitter - Subscribe to @DefiantNews - Intern - Join virtual meetups I fell down the rabbit hole as an event producer with a blockchain org at @sxsw then switched into marketing at @Consensys 📚 consensys.net/blog/blockchai… by @masonnystrom

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consensys.netBreaking into Blockchain: How to Get a Full-Time Job in Crypto. | ConsenSysHow I got a job at ConsenSys and my advice to non-developers who are eager to start working full time in crypto.1:29 PM ∙ Jan 15, 2021

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Ash Egan @AshAEgan@BrendanOfEarth recommend: @BanklessHQ @DefiantNews @defipulse7:04 PM ∙ Jan 12, 2021

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Max Wegman @MaxWegmanvery very helpful write-up for anyone trying to wrap their head around @BadgerDAO's $DIGG, @AmpleforthOrg's #AMPL, or other elastic defi assets.. with arguments for their many use cases :)

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The Defiant @DefiantNewsIt’s been hailed as one of the most exciting innovations in crypto since Bitcoin and Ethereum. It's also been called useless and compared to a Ponzi scheme. Here's your guide to the DeFi sector that's confounding investors: Elastic finance, by @AmpleSense https://t.co/jPSlDLVpUK5:29 PM ∙ Jan 12, 2021

nir kabessa 🅨 @_kabessahats off to @DefiantNews for creating an awesome and informative resource for DeFi. Will be sharing with friends

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youtube.comDeFi 101Share your videos with friends, family, and the world4:53 PM ∙ Jan 11, 202111Likes4Retweets

the-defiant

Brock Judge @Brockjudge@backontrack25 That was a lot like the Roadmap for DeFi in 2015 when Ethereum was starting to deploy lol. IDK how else to say it without being rude but we are like light years past that Already. Maybe start here @DefiantNews

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thedefiant.ioHome - The Defiant - DeFi NewsThe essential information platform for the open economy.4:09 AM ∙ Jan 12, 2021

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DeFi Frog @DeFiFrogA strong framework for evaluating rebasing tokens written by a fellow @renprotocol community member @davoice321 in collaboration w/ @CamiRusso At @BadgerDAO, I’ve been emphasizing the need to educate on this topic amidst the hype of the hotly anticipated $DIGG launch. Read this!

the-defiant

The Defiant @DefiantNewsIt’s been hailed as one of the most exciting innovations in crypto since Bitcoin and Ethereum. It's also been called useless and compared to a Ponzi scheme. Here's your guide to the DeFi sector that's confounding investors: Elastic finance, by @AmpleSense https://t.co/jPSlDLVpUK8:16 AM ∙ Jan 12, 202114Likes1Retweet

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Base Protocol @BaseProtocolGreat article on elastic finance as a whole. Written by our friends over at Amplsense Dao. $BASE $AMPL #Rebase

the-defiant

The Defiant @DefiantNewsIt’s been hailed as one of the most exciting innovations in crypto since Bitcoin and Ethereum. It's also been called useless and compared to a Ponzi scheme. Here's your guide to the DeFi sector that's confounding investors: Elastic finance, by @AmpleSense https://t.co/jPSlDLVpUK10:44 PM ∙ Jan 11, 2021196Likes117Retweets

the-defiant

chi 🌕 @chizhaogood read on @DefiantNews if you want to understand elastic finance and the 'rebase' -- but man, just realized that @AmpleforthOrg has had 563 of those since June 14 2019 👀

the-defiant

The Defiant @DefiantNewsIt’s been hailed as one of the most exciting innovations in crypto since Bitcoin and Ethereum. It's also been called useless and compared to a Ponzi scheme. Here's your guide to the DeFi sector that's confounding investors: Elastic finance, by @AmpleSense https://t.co/jPSlDLVpUK11:12 PM ∙ Jan 11, 202116Likes3Retweets

the-defiant

Matcha 🍵 @matchaxyz@DefiantNews produces some of the best content for DeFi newbies 👶🤑 Check out their recent overview of DEX Aggregators (like @matchaxyz) to learn about the magic of aggregation 🧙‍♂️ and why you're leaving money on the table trading anywhere else. 🍵🙏 youtube.com/watch?v=hSxf4j…

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youtube.comHow DEX Aggregators are the Search Engines of DeFi TradingNOTE: As you cruise along this series, you will notice how fast the DeFi space is; both in terms of execution and change. So if you happen to spot a discrepa...8:54 PM ∙ Jan 11, 202115Likes3Retweets

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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 ($10/mo, $100/yr).

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