Recap: DeFi Week of Nov. 25 🦄

Hello defiers, hope you’re having a great weekend! Before I get into this past week’s recap, a reminder that this is the last day to subscribe to The Defiant at $8/month and $80/year, and lock in that early defier discount for the next 12 months. Tomorrow,...


Hello defiers, hope you’re having a great weekend! Before I get into this past week’s recap, a reminder that this is the last day to subscribe to The Defiant at $8/month and $80/year, and lock in that early defier discount for the next 12 months. Tomorrow, subscription prices will increase to $10/month and $100/year. It’s been amazing to see how much this one-woman content platform has grown in just a few months and I’m excited to continue working hard to make it better and better, with and for you.

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Summing up last week: Total value locked in decentralized finance platforms crossed $700 million for the first time, showing DeFi is the new honey badger. Hackers stole about $50 million from a centralized exchange, sparking a debate on whether they should use DeFi to profit. Meanwhile, Dex volume soared. Set Protocol announced the launch of social trading, Stake Capital announced the launch of a revenue-sharing DAO, and Fidelity tested using an Ethereum token to reward employees.

News & Views


  • Lightning Drop in Lightning Network Highlights Slide: An apparent glitch made it seem like the bitcoin held in the Lightning Network had plunged to 73 from ~800 and quickly erased losses three times in a couple of minutes. The move called attention to the overall trend.
  • DeFi Dashboards Popping Up: With the proliferation of decentralized finance platforms, developers are making tools to help users organize all their assets and data in one place, rather than have to access to them individually. Traditional fintechs are already doing this, without much success in monetizing.


  • DeFi Don’t Care: The amount of dollars locked in decentralized finance protocols touched a new record, even amid a crypto market slump.
  • Fidelity Testing Ethereum Tokens for Employee Rewards: Fidelity Investments, which holds $7.8 trillion in total customer assets, is testing a cryptocurrency-based rewards program for its employees.


  • Can (and Should) DeFi Enable Crypto Thieves to Profit?: 342k ether got stolen from Upbit. Aside from the “not your keys, not your crypto” meme that comes up whenever centralized exchanges get hacked, this time, because ETH was stolen, another interesting question came up: What if the hacker is able to more easily profit from the stolen funds thanks to DeFi.
  • The New SaaS is Staking-As-A-Service: Stake Capital, which provides staking as a service, on Monday announced it’s launching a revenue-sharing DAO, enabling DAO token holders to receive staking rewards and participate in governance decisions.


  • Dex Volume Soars Amid Market Rout: Decentralized exchange volume more than doubled last week from the previous seven days, far outpacing centralized exchanges.
  • Set Protocol Plans to Add Social Trading Next Year: Soon Set Protocol users will be able to follow successful traders and automatically copy their moves.

💜Community Love💜

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


Clay Robbins @crabbylions@CamiRusso gets it. I’m consistently impressed with the level of scope and depth in The Defiant 👏


thedefiant.substack.comThe DefiantA daily newsletter decrypting the intersection of blockchain and finance4:46 PM ∙ Nov 26, 20197Likes2Retweets


Yarrr_Pirate @Yarrr_Pirate@CamiRusso @JordanLzG @AaveAave hey @CamiRusso, Christmas came early! I made this for you, free to use however you like it. Cheers.

10:51 AM ∙ Nov 30, 2019


Ryan Sean Adams - rsa.eth @RyanSAdamsOpen Finance @ChrisBlec (DeFi Video Tutorials) @CamiRusso (writer) @ColeGotTweets (community manager) @defipulse (DeFiPulse leaderboard) @defiprime (community leader) @danrobinson (investor & financial engineer) @tomhschmidt (product lead)4:21 AM ∙ Nov 27, 201926Likes4Retweets


Stake Capital @StakeCapitalThanks for the shout-out @CamiRusso in #TheDefiant. Amazing recap about the Stake Capital DAO along side with @upbitglobal hack 🔥 Best newsletter ever! Impressive! Keep up the great work 🙏 #StakeDAle


6:05 PM ∙ Nov 27, 20199Likes1Retweet


DeFi Dude (defidude.eth) @DeFiDude(2/2) didn’t help EtherDelta from facing scrutiny. Curious on your stand point in this situation, if any. And thanks @CamiRusso for sparking the thought in her newsletter:


thedefiant.substack.comCan Crypto Thieves Use DeFi to Profit from Stolen Funds?Hello defiers! Here’s what’s going on in decentralized finance DeFi debate over Upbit hack Stake Capital revenue-sharing DAO A reminder that The Defiant’s beta period is ending next week. That means subscription prices will increase from $80/year and $8/month, to $100/year and $10/month. If you beco…7:26 PM ∙ Nov 27, 2019

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