Recap: DeFi Week of Sept. 30 š¦
Hi defiers, hope youāre having a great weekend! First off, apologies for not sending the newsletter Friday. I was traveling to Japan most of Thursday and Friday! Speaking of Japan: Next weekās coverage will be focused on Devcon, happening in Osaka from Oc...
By: Ā Ā
Weekly RecapHi defiers, hope youāre having a great weekend! First off, apologies for not sending the newsletter Friday. I was traveling to Japan most of Thursday and Friday! Speaking of Japan:
- Next weekās coverage will be focused on Devcon, happening in Osaka from Oct. 8-11. Iāll be your mole at the big annual Ethereum family gathering :)
- Decentralized finance-focused conferenceDeFi.WTF, which Iām helping organize, is on Monday in Osaka. Come check it out if youāre around!
Reminder: The Defiant is in beta! Subscribe now to get the early supporter discount.
Guest Post
How DeFi Can Stop Worrying About Maximalism and Love Bitcoin
Max Tarasenko of Soda Foundation, a platform that lets users borrow Dai against Bitcoin, makes the case that DeFi users shouldnāt overlook Bitcoin because the biggest cryptocurrencyās return has beat the average interest rate earned on decentralized platforms, and because first on any teamās minds should be to grow the addressable DeFi market. (Read more here.)
News & Views
Tuesday
- Ethereum Ponzi Scheme Was Emptied: FairWin, an actual Ponzi scheme which accounted for one third of total Ethereum transactions, was completely emptied.
- SEC Settles With Architects of Biggest ICO Ever: Block.one settled charges with the SEC for its $4 billion ICO and agreed to pay a $24 million civil penalty.
Wednesday
- Big Bucks Donāt Equal Better Blockchains: In the blockchain space, initial funding isnāt a good indication of future development, research firm Delphi Digital found.
- Liquidity Providers Can Get Better Returns Than Lenders: Liquidity providers for Dai on decentralized exchange Uniswap can earn annualized returns of about 14 percent, according to a tool launched by Caleb Sheridan of Blocklytics yesterday.
- Nuo Network Revamps Margin Trading: Nuo Network isĀ revampingĀ margin tradingĀ on its platform to make it easier for users to track their trades and protect against liquidations.
Thursday
- This May be the Best Arbitrage Opportunity in Crypto: Thereās an opportunity toĀ borrow at 3 percent and lend at ~9 percent.
- Coinbase Offers 1.25% Annual Return on USDC: Coinbase is nowĀ offeringĀ 1.25 percent annual return for users holding more than $1 of USDC.
- IKEA Settled an Invoice Using Ethereum: IKEA Iceland has used EthereumĀ technologyĀ toĀ settleĀ an invoice with a local retailer.
šCommunity Loveš
Thanking all the amazing defiers for the support and love this week (and always!)


thedefiant.substack.comOpen Gardens are Reshaping Business and the Internet: Spencer NoonHello defiers and happy Friday! Today Spencer Noon, who leads investment for cryptocurrency fund DTC Capital, is taking over The Defiant. He writes about the shift in business models from walled gardens, which are good for businesses and bad for users, to open gardens, brought on by public blockchaiā¦10:29 PM ā Oct 1, 201911Likes3Retweets

Nico Arqueros @NicoArquerosThere is so much potential in DeFi, and the space is moving pretty fast. I highly recommend TheDefiant thedefiant.substack.com to keep up to date (it just moved to beta from MVP) What else can I say? Iām a happy paid subscribed now :-) awesome work @CamiRusso !! š

thedefiant.substack.comThe DefiantA daily newsletter decrypting the intersection of blockchain and finance1:51 AM ā Oct 2, 201918Likes4Retweets
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