Recap: DeFi Week of Nov. 25 š¦
Hello defiers, hope youāre having a great weekend! Before I get into this past weekās 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,...
By: Ā Ā
Weekly RecapHello defiers, hope youāre having a great weekend! Before I get into this past weekās 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. Itās been amazing to see how much this one-woman content platform has grown in just a few months and Iām excited to continue working hard to make it better and better, with and for you.
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
Friday
- Lightning Drop in Lightning Network Highlights Slide: An apparent glitch made itĀ seem like the bitcoin held in the Lightning Network had plunged to 73 from ~800 and quickly erased lossesĀ 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.
Thursday
- DeFi Donāt Care: The amount of dollars locked in decentralized finance protocolsĀ touched a new record,Ā even amid a crypto market slump.
- Fidelity Testing Ethereum Tokens for Employee Rewards: Fidelity Investments, which holds $7.8 trillion in total customer assets, isĀ testingĀ a cryptocurrency-based rewards program for its employees.
Wednesday
- Can (and Should) DeFi Enable Crypto Thieves to Profit?: 342k ether got stolen from Upbit.Ā Aside from theĀ ānot your keys, not your cryptoāĀ meme that comes up whenever centralized exchanges get hacked, this time, because ETH was stolen, another interesting question came up:Ā 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 itās launching a revenue-sharing DAO, enabling DAO token holders to receive staking rewards and participate in governance decisions.
Tuesday
- Dex Volume Soars Amid Market Rout: Decentralized exchange volumeĀ 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 toĀ follow successful traders and automatically copy their moves.
šCommunity Loveš
Thanking all the amazing defiers for the support and love this week (and always!)
Clay Robbins @crabbylions@CamiRusso gets it. Iām consistently impressed with the level of scope and depth in The Defiant š thedefiant.substack.com
thedefiant.substack.comThe DefiantA daily newsletter decrypting the intersection of blockchain and finance4:46 PM ā Nov 26, 20197Likes2Retweets
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 ā Nov 27, 201926Likes4Retweets
6:05 PM ā Nov 27, 20199Likes1Retweet
thedefiant.substack.comCan Crypto Thieves Use DeFi to Profit from Stolen Funds?Hello defiers! Hereās whatās going on in decentralized finance DeFi debate over Upbit hack Stake Capital revenue-sharing DAO A reminder that The Defiantās 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 becoā¦7:26 PM ā Nov 27, 2019
Donāt be late to all these news. Subscribe to read the full posts and to get the latest and most interesting developments in the decentralized finance space.
