Ethereum
Love Dies Hard: Data Shows Institutions Still Sweet on BTC and Crypto
Welcome to the first Global Digital Finance x The Defiant column, bringing you the stories and discussions that have caught our eye this month. From market infrastructure to institutional investors to the digitalization of private markets, we’ll look at how decentralization is reshaping traditional finance. . ETPs showing that Digital assets are ‘here to stay’ Bitcoin-indexed…
Malt Protocol Steps Up and Reimburses $13.4M To Bug Victims
Refund is a word rarely heard in DeFi. So is redemption. Malt protocol is an algorithmic stablecoin that launched two weeks ago on the Polygon network. After an explosive launch, bugs in the smart contracts caused the MALT stablecoin to lose its peg and left many users unable to withdraw their funds. The protocol was…
Stakehound Accuses Fireblocks of Losing $74M of ETH
It’s a he said-she said scenario, and it’s about more than $74M in ETH. Stakehound, a service which gives users a synthetic asset to trade for their staked Ether, has accused Fireblocks, a digital asset security firm, of losing 38,178 ETH. The Ether, worth $74.4M at the time of writing, is staked in the ETH…
Liquidations Ease Up as Investors Search for a Crypto Bottom
Where’s the bottom? That’s the vital question investors are asking with ETH down almost 18% in the last 30 days, and with other major Ethereum-based DeFi tokens nosediving as much as 57% in the same time span. Clear Deviations The one bright spot is that this week hasn’t been quite as brutal as the horrorshow…
Defiant Degens: How to Mint DeFi’s 1st Volatility Index by Volmex Finance
This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol: If there’s one word to describe crypto markets, it is…
DeFi Can’t Kill Value- Extracting Robots But Can Learn to Manage Them
The explosion of activity in DeFi markets over the last year highlighted both possibilities and problems inherent to blockchain systems, including the phenomenon of miner—or maximal—extractable value (MEV). Since January of this year, MEV amounts to at least USD $370 million, though some sources say the real value is likely higher. For the technically inclined,…
Malt Leaves Investors Hungover as Algo Stable Depegs on Day 2
Who doesn’t love a money printer? Algo Season 2.0 is here. Last Friday, Malt Protocol launched the latest entry in the algorithmic stablecoin market. This summer, investors have flocked to this corner of the DeFi space to ride out the selloff in the larger crypto universe. Polygon is currently the favored choice of yield farmers…
Silly Maxis, Calm Down…You Can Love Bitcoin and Other Coins at the Same Time
Toxic Bitcoin Maximalism is dumb. I tried to lead this article with something more poetic but it honestly boils down to that. Ever since altcoins started surging in value, and the DeFi story increasingly captured the spotlight, Bitcoin’s “murder hornets” can’t seem to hide their jealousy or their rage. That vibe was on stark display…
1% of Bitcoin Supply is Now Wrapped onto Ethereum
They just couldn’t resist. Many Bitcoin diehards disdain other digital tokens but when it comes to capturing yields it’s hard not to embrace Ethereum’s DeFi ecosystem. With wrapped Bitcoin’s total supply at 187,610, the leading form of Bitcoin on Ethereum constitutes over 1% of BTC’s overall supply which stands at 18.729M at the time of…
The Importance of Values in the Staking Economy
I entered the broader crypto community through Ethereum. I was the project manager at ENS for three years, led the Aragon product team to their mainnet launch and helped other projects here and there too. Proof of stake caught my attention in mid-2016. Joining the Cosmos validator working group in October 2017 was my “official”…
