MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

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A16Z’s Latest Bet on NFTs: Free Licenses for Everyone

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Seven Traders Raked in $114M in Profits via MEV Stratagem

🎙Listen to the exclusive interview with Zcash’s Zooko in this week’s episode:

Celsius files to reopen withdrawals for a minority of customers: CoinTelegraph

Ethereum Name Service Touts Third-Highest Monthly Revenue as Merge Approaches: Decrypt

We’re very excited to announce the Ethereum Foundation blog has had a major overhaul and is now available in 16 languages: Ethereum Foundation

Bitcoin Dominance Drops Under 40% For The First Time Since January

Moonbirds Fly High On $50M Round and New Collections

Christensen Calls For MakerDAO to Float Stablecoin

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Bring your NFT product to market in hours with 

 APIs. Mint NFTs as scale, deploy fully owned contracts & access high quality NFT data – all with simple REST APIs every developer knows. 

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Venture Capital Giant’s Move Signals Outsize Ambitions in NFT Market

 Who owns what when someone owns an NFT? It’s not always clear. When Actor Seth Green’s Bored Ape was 

, for instance, it brought plans for a show with the animated character into question.

 There’s the ambiguity of whether the metadata, the code that creates NFT images, is 

 in a way owners can rely on. And then there is the more general mystery of how someone can “own” digital images or characters that are only a right-click away from duplication.

 Now Andreessen Horowitz, the Silicon Valley venture capital firm that closed a $4.5B crypto fund in May, is wading into the NFT ownership 

 On Aug. 31, a16z, as the firm is known, launched six new 

” that purport to help artists monetize the new technology. The licenses have been released to the public gratis. According to the VC firm, the licenses aim to accomplish three goals:

👉READ THE FULL STORY IN THE DEFIANT.IO👈

 Despite moving in unison for much of the year, Ether has outperformed major U.S. stock indices this week. The S&P 500 and the tech-heavy Nasdaq Composite were on track for five consecutive days of losses before rallying late Thursday, dropping 1.4% and 1.7% respectively since they opened on Monday.

 Several major cryptocurrencies, meanwhile, have eked out gains over the week. Ether has rallied 5.4% since Monday, according to data from 

. Cardano is up 1.1%, and Polkadot is up 0.4%.

 Bitcoin, Binance and Ripple have also fared better than the stock market, having dropped 1.1% or less since Monday. While stock markets hit fresh weekly lows earlier today, major cryptocurrencies held above their Aug. 28 lows.

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You can create an endless variety of innovative NFT products by combining these building blocks from NFTPort. Launch NFT collections, build your own dd NFT user portfolios to your existing app, etc.

A Step-by-Step Guide to One of DeFi’s Most Important Stablecoins

 After the collapse of Terra’s UST stablecoin in May and the wipeout of $60B in market capitalization it has become increasingly urgent to see how stablecoins are backed. DAI, one of the earliest stablecoins, is one of the most important such tokens in DeFi.

 On a spectrum between fully algorithmic and backed by cash reserves, DAI stablecoin lies somewhere in between. Let’s learn more about DAI.

 DAI stablecoin is supported by MakerDAO, a DeFi lender. Founded by Rune Christensen, the Maker Foundation launched open-source MakerDAO in 2014 to spearhead decentralized finance. Like other protocols, Maker runs on Ethereum’s smart contracts to replicate traditional finance without intermediaries such as banks.

 As a lending protocol, MakerDAO was missing a key component — money that is digital but not as volatile as cryptocurrencies. This is where 

Celsius has motioned for $50 million worth of the total $225 million held in the Custody Program and Withhold Accounts to be released to owners.

The Ethereum Name Service reported its third highest month of revenue in August, with 2.17 ENS domain names created on the service.

In most cases, cybersecurity can be achieved through ethical hacking – an established practice used to identify weaknesses and offer guidance on vulnerabilities.

https://twitter.com/ethdotorg/status/1565325107555287040?s=20&t=_7au–xtT7QRYvxgcQigZw

Bitcoin dominance (BTC.D), which is the market capitalization of BTC relative to that of all digital assets, has fallen below 40% for just the second time since 2018 and stands at an eight-month low, according to 

Institutional investors continue to place bullish bets on NFTs despite the current bear market in digital assets.

In what would mark a dramatic strategic reversal, Rune Christensen, the founder of MakerDAO, is calling for the DeFi stalwart to reduce its exposure to real-world assets and freely float the value of its stablecoin, DAI, against the dollar.

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

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Seven Traders Raked in $114M...

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