Latest DeFi News

bitcoin

DeFi, or decentralized finance, is one of the biggest things in the blockchain and cryptocurrency industry right now, and it does pretty much what its name suggests. That is, it uses blockchains, smart contracts and/or cryptoassets to deliver financial services to customers, be these loans, payments, remittances, derivatives, or investments.

Thu, 24 Nov 2022 04:16:32 GMT
DeFi Alpha Call #28 Recap

Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 11/21/2022 in Discord.

TIMESTAMPS

02:24 - Market Overview

08:14 - NFT Roundup

12:40 - Beginner Tutorial > Earn Up to 17% APR with wstETH/ETH LP on KyberSwap on Optimism

13:53 - Degen Tutorial > Using the SEI Testnet For A Potential Airdrop

DeFi Alpha is a weekly newsletter published for our premium subscribers, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.

Get the 5-minute newsletter keeping 80K+ crypto innovators in the loop.

Market Overview

Despite being in a seasonally strong period, the market is just waiting for the liquidity issues around DCG and Genesis to be addressed.

If they are successful in addressing the FUD or raising the funding that they are looking for from any source, the market is likely to stage a relief rally from oversold conditions.

ETH

We're back in the old range.

1100 area is still holding as support. This would be the fourth or fifth time it's been tested and the bulls are hoping it holds again.

The first hurdle is making it back up to the top of the range in the 1280 area.

Another rejection at the 200DMA shows that the market is not yet ready to start a new uptrend.

What happens next?

Read more

Enclosure: Array
Thu, 10 Nov 2022 21:46:09 GMT
DeFi Alpha Call #26 Recap

Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 11/07/2022 in Discord.

Timestamps

02:03 Market Overview

09:08 NFT Roundup

23:28 Starter Tutorial - Lend USDT for 12.4% APY to undercollateralized borrowers on TrueFi

28:44 Degen Tutorial - Using the SUI Testnet for a potential airdrop.

DeFi Alpha is a weekly newsletter published for our premium subscribers, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.

Get the 5-minute newsletter keeping 75K+ crypto innovators in the loop.

Market Overview

What do we have this week?

US elections

Inflation numbers

Dollar looks promising

This year has gone pretty much as expected for a year with midterm elections. If the pattern stays the same, the rest of the year should be smooth sailing.

After the results are out, the market should take some time to think about them and then move on. But we have to consider that, from the Fed's point of view, this year is definitely not normal.

The S&P gave up some of its gains, but it seems to be getting better again. We need to keep an eye on this because of the link we've seen between crypto and the stock market.

ETH

Right now, the 200-day moving average is acting as a resistance. The 200-day is basically the line in the sand that separates a bullish trend from a bearish one. We've finally come back to test it. Now, the question is whether we'll get rejected again at this trend line and go back to support or whether we'll just break out from here. That's the million-dollar question.

Read more

Enclosure: Array
Mon, 14 Nov 2022 12:32:29 GMT
⍺ DeFi Alpha: Using the Shardeum Testnet for a Potential $SHM Airdrop

Yields: Up to 24% APY on Stablecoins, 20-50% APY on ETH and BTC

DeFi Alpha is a weekly newsletter published for our premium subscribers every Friday, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.

Motivation

Two years ago, DeFi investors could easily name every yield farming opportunity without much effort. It was a simpler time, when only a handful of teams had launched with any liquidity to trade, lend, borrow, provide liquidity, or even demonstrate new primitives such as no-loss savings by PoolTogether.

But times have changed! Before the current bear market took hold, DeFi liquidity had grown to hundreds of billions of dollars across Ethereum with new burgeoning DeFi economies taking shape on EVM-compatible chains such as Polygon and Avalanche and non-EVM chains such as Cosmos and Solana. Any given day, a new DeFi or NFT project is launched.

So, after writing and creating countless DeFi guides and tutorials since 2019, we at The Defiant agreed it’s time we publish a more detailed weekly guide on all you need to know to keep up with new opportunities. 

This is DeFi Alpha by The Defiant.

Any information covered in DeFi Alpha should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. Any mention of a token or protocol should not be considered a recommendation or endorsement.

🙌 Together with: 

DeFi Saver is the most comprehensive dashboard for Liquity protocol with unique automated liquidation protection features. Now, with full support for the newly launched Chicken Bonds bonding protocol as well.

📈 Yield Alpha

Each week we will provide options to earn yield on ETH, WBTC, stablecoins, and other major tokens.

ETH - 50.9% APY with pETH/ETH Curve LP staked in Convex via Concentrator

This yield is accrued in aCRV + trading fees compounded in the LP.

To participate, one must Deposit into the pETH/ETH Curve LP here (not stake).

Then, one must stake/deposit the Curve LP under the ETH-pETH vault under aCRV Vaults on Concentrator.

BTC - 20.39% projected vAPR with the Curve pBTC+sbtcCrv LP staked in Convex

This yield is accrued in CRV, CVX, and trading fees.

To participate, one must first deposit pBTC, renBTC, sBTC and/or WBTC into this Curve factory pool and then stake the LP here in Convex.

AVAX - 7.53% APR with AVAX in Vesper Grow Pools

This yield is issued in 8.14% AVAX + 1.38% VSP.

To participate, one must deposit into the AVAX pool here in Vesper

There is a 0.6% fee on withdrawal from Vesper Grow pools and a 15% platform fee on yield generated by the deposited assets.

SOL - 7.41% APY lending stSOL on Tulip Protocol

This yield is backed by 0.81% APY paid by borrowers on Tulip + 6.6% APY in staking rewards thanks to Lido.

To participate, one must deposit stSOL in the Tulip lending tab.

To obtain stSOL, one can trade on a Solana DEX or mint it here on Lido.

MATIC - 12% APY with 50/50 MaticX-WMATIC LP on MeshSwap

The yield is backed by validator rewards using the MaticX liquid staking derivative + MeshSwap trading fees + MESH rewards + SD rewards.

To participate on Polygon, I use the Stader MaticX dApp to mint MaticX.

Then, I deposit into the MaticX-WMATIC pool on MeshSwap and stake the LP.

ATOM - 20% APR staking ATOM with Keplr Wallet on Cosmos Hub

The yield earned is issued in ATOM.

To participate, one must set up a Keplr Wallet, go to the Cosmos Hub validators on Keplr Dashboard, rank by APR, choose a validator, and click Delegate.

Then, I specify how many ATOMs and follow the prompts to Delegate.

FTM - 4.7% APY staking sFTMx liquid staking derivative by Stader

The yield is issued in FTM rewards, as sFTMX is earning FTM via validator rewards to support Fantom’s PoS network.

To participate, one must deposit FTM to receive sFTMX here on Stader.

HBAR - 9.66% APY staking with HBARX liquid staking derivative by Stader

The yield is issued in HBAR rewards, as HBARX is earning validator rewards.

To participate, one must deposit HBAR to receive HBARX here on Stader.

Stablecoins (USD) - 23.7% APY with USDC in the allape Notional Spool 

Be aware 16.8% APY of the yield backed by SPOOL rewards.

To participate, one must deposit into the allape Notional spool here.

Please be aware we intentionally do not report the highest yield rates because often, those yields are less sustainable and in some instances, artificially elevated due to less participation.

Premium Subscribers get Tutorials, Airdrop Alpha, Alpha Call Recording with Market Overview, NFT Roundup and much more.

📱DeFi Alpha CallThe DeFi Alpha call is held every Monday at 2pm ET in Discord.

In case you missed it, check out the recording of this week’s call.

DeFi, NFT & Web3 Insights - The Defiant
DeFi Alpha Call #26 Recap
Watch now (46 min) | Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 11/07/2022 in Discord. Timestamps 02:03 Market Overview 09:08 NFT Roundup 23:28 Starter Tutorial - Lend USDT for 12.4% APY to undercollateralized borrowers on TrueFi 28:44…
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Sponsored Post

Unlocking the power of your DeFi portfolio

We all know that managing a DeFi portfolio can be a significant challenge.

Especially during times of market turbulence, keeping your portfolio efficiently balanced can turn into a full-time job. Crypto is a 24/7 market that requires 24/7 monitoring of positions in order to be a competitive investor in the market.

Until now, the tooling needed to monitor your portfolio and ensure that your positions are allocated efficiently has been kept private. Mainly being used by institutional investors who can sit back and relax while their portfolios are maintained for them.

Mero is bringing professional DeFi tooling and automated liquidity management to every DeFi user. Through Mero, users can easily automate their liquidity to react to market conditions and ensure that it is always allocated where it should be. 

The Defiant readers have the opportunity to become an early LP on Mero before its suite of portfolio automation products is released. Start earning yield using this link.

Read more

Enclosure: Array
Fri, 18 Nov 2022 13:31:02 GMT
🌪 Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

Hello Defiers! Here’s what we’re covering today:

News

Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

FTX Crisis

FTX Leadership Borrowed Over $1B From Alameda

DeFi Users Jump But Boom is a Mirage: Chainalysis

SBF Rues FTX Bankruptcy Filing As Screws Tighten: Report

Podcast

Podcast: JPMorgan’s First DeFi Trade: Behind The Scenes

Defiant Video

Does SBF Have A Get Out Of Jail Free Card?

Trending in The Defiant

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Businesses Can Now Accept USDC With Apple Pay

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash

Elsewhere

Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report: Decrypt

Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager: Source: CoinDesk

If you have received a grant from us then you are eligible to claim an Aave Grants NFT through @Gateway_xyz!: Aave Grants

Get the 5-minute newsletter keeping 80K+ crypto innovators in the loop.

Subscribe now

A word from our wonderful sponsors, who make this newsletter possible: 

Aave is the leading decentralized liquidity protocol. Aave governance has greenlighted the development of GHO - a decentralized, collateral-backed stablecoin that will be native to the Aave protocol. Launching on testnets soon! 

Lumerin is revolutionizing Bitcoin mining with a decentralized marketplace for buying and selling hashpower. Help us test the network in beta and earn real BTC hashpower to sell, trade, or mine. Find out more!

DeFi should be better - and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how!

Metis Andromeda is a permissionless & secure Ethereum Smart Layer 2 creating the decentralized finance foundations for the web3 economy. Bridge Free & explore our ecosystem during our first anniversary!

Chainalysis, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. Download today!

FTX Crisis: Solana🌪 Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVLFall of SBF’s Empire Rocks Layer 1 As It Was Rebounding From Tough Year

By Tarang Khaitan

Solana Endures ‘Crucible’ as FTX Connection Deletes 70% of TVL

HIT HARDER There was a time when Solana’s relationship with Sam Bankman-Fried was a good thing. Not anymore. Perhaps no DeFi player has been hit harder by the FTX disaster than Solana, the Layer 1 blockchain that, until recently, had attracted users and buzz with its high-speed, low cost performance.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

FTX Crisis: Alameda💰 FTX Leadership Borrowed Over $1B From AlamedaIncoming CEO John Ray Cites ‘Complete Absence of Trustworthy Financial Information’

By Aleksandar Gilbert

FTX Leadership Borrowed Over $1B From Alameda

LOANS Former FTX CEO Sam Bankman-Fried and other executives at the now-bankrupt crypto exchange were loaned more than $1B by sister company Alameda Research, according to a court document released Thursday. Another $2.3B was loaned to Paper Bird Inc. Alameda, Paper Bird and FTX are largely or wholly owned by Bankman-Fried and are among the 100-plus companies in his empire to have filed for Chapter 11 bankruptcy in Delaware last week. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post
Liquity's Chicken Bonds enhanced yield with DeFi Saver

DeFi Saver is an all-in-one dashboard for creating, managing and tracking positions with automatic liquidation protection and leverage management options for only the most trusted DeFi protocols, Liquity among them.

Liquity, interest-free borrowing protocol built on Ethereum, recently introduced a novel product offering The Defiant wrote about - Chicken Bonds. Chicken Bonds are a new, innovative form of bonding mechanism in DeFi.

Chicken Bonds are an innovative bonding mechanism offering several key benefits to those willing to bond their Liquity native stablecoin LUSD. In exchange for depositing and bonding LUSD, users accrue boosted LUSD (bLUSD), derivative token.

Primary benefit for bonding LUSD instead of supplying to Liquity’s Stability Pool is the amplified yield users get from Liquity’s internal liquidation mechanism as well as from other liquidity sources like the pools in Curve. Alongside improved liquidity for the LUSD stablecoin, the most important benefit to users is bonding with no time commitment or maturity. Users can withdraw principal LUSD fully and chicken out at any time, renouncing the accrued interest. The other option being to chicken in and claim accrued bLUSD, forgoing the initial LUSD deposit.

As the most comprehensive decentralized frontend for Liquity, DeFi Saver continues its devoted support with dedicated Chicken Bonds dashboard and advanced protocol actions and strategies. Alongside basic actions, DeFi Saver offers users options to Claim and Sell bLUSD or Rebond (Claim, Sell and create new bond). DeFi Saver team is even preparing automation options for the new Liquity innovation.

Get the most out of your Liquity experience with DeFi Saver. 

FTX Crisis: DeFi Impact🏝 DeFi Users Jump But Boom is a Mirage: Chainalysis Data Shows Activity Spike Came from Existing Users and MEV Bot

By Aleksandar Gilbert

DeFi Boom is a Mirage: Chainalysis

VOLUMES Ever since FTX halted withdrawals and filed for bankruptcy last week, several DeFi protocols have enjoyed surging transaction volumes and fee revenue. However, FTX’s collapse has not spurred a rush to self-custody, according to research from blockchain analytics firm Chainalysis.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

FTX Crisis: SBF🔩 SBF Rues FTX Bankruptcy Filing As Screws Tighten: ReportSays Altruist Persona Was ‘Just PR’ in Wide-ranging Interview with Vox

By Aleksandar Gilbert

SBF Rues FTX Bankruptcy Filing As Screws Tighten: Vox

OVERTURES Disgraced FTX co-founder and former CEO Sam Bankman-Fried (SBF) said his overtures to regulators and his cultivated image as a do-gooder were “just PR” in an interview with Vox published Wednesday. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Crypto Audits📝 Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in USTTerraform Labs Commissioned Study to Quantify Support for Stablecoin During May Crisis

By Owen Fernau

Audit Shows Terra Groups Spent $3.4B to Defend Dollar Peg in UST

PEG In a bid to quell speculation about how Terra defended its stablecoin UST during its meltdown last May, two organizations connected with the failed blockchain ecosystem spent a whopping $3.4B in May to support its dollar peg, according to an audit released Wednesday. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Shoutout

Join the startups, investors, corporates and developers that are changing the world, and dive into a variety of topics such as institutional crypto adoption, crypto investing for institutions, DeFi, crypto derivatives, stablecoins, tokenization, issuance of digital assets, regulation, web3, custody & wallets, metaverse and gaming.

Lock in your ticket with the code THEDEFIANT25 and get 25% off!

Defiant Video📺 Does SBF Have A Get Out Of Jail Free Card?
Podcast Video📺🎙 Podcast: JPMorgan’s First DeFi Trade: Behind The Scenes
Trending in The Defiant

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults MakerDAO, the No. 1 DeFi platform with more than $8B in total value locked, now allows users to transfer its DAI stablecoin between Ethereum’s mainnet and Layer 2 networks, the protocol announced on Wednesday.

Businesses Can Now Accept USDC With Apple Pay Circle, the issuer of the dollar-pegged USDC stablecoin, has unveiled an integration with Apple Pay, the payment service with over half a billion users around the globe. Merchants will be able to accept USDC as payment using this new feature.

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash Don’t look now, but the FTX collapse has spurred a wave of interest in decentralized finance platforms. DeFi protocols are experiencing double digit increases in the number of users over the past week, according to data from Nansen, the blockchain analytics platform. 

Elsewhere🔗 Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report: Decrypt

Crypto lender Genesis tried to raise a $1 billion loan from investors to avoid a “liquidity crunch” driven by the fallout from crypto exchange FTX’s collapse, according to a Wall Street Journal report.

🔗 Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager: Source: CoinDesk

Binance.US, the American arm of the world’s largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to a person familiar with the plans.

Twitter avatar for @AaveGrants
AaveGrants.lens @AaveGrants
Image
Twitter avatar for @Gateway_xyz
Gateway @Gateway_xyz
We are excited to announce that Gateway is issuing credentials to all @AaveAave grant recipients with @AaveGrants! If you are a signer on a multisig or received a grant directly, go claim your NFT today and get access to @LensProtocol via AAVE grants Guild! https://t.co/cTh0gYwcHE
🧑‍💻 ✍️ 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 Alp Gasimov. Podcast was led by Camila, edited by Alp.

Free subscribers to the newsletter get:

Daily news briefings

Sunday Weekly recap

General chat on The Defiant’s Discord server

👑 Prime defiers get:

Full transcript of exclusive podcast interviews

DeFi Alpha weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad

Weekly live DeFi Alpha call with yyctrader

Inbox Dump edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels

Exclusive community calls with the team

Subscriber-only chats on The Defiant Discord server

Full access to The Defiant’s content archive

Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

You can start a prime membership for free right now with this link. You’ll get full access for 7 days. It’s 100% risk-free.

7-day Free Trial

Enclosure: Array
Thu, 17 Nov 2022 13:30:50 GMT
🏎 MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Hello Defiers! Here’s what we’re covering today:

News

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

Genesis Halts Withdrawals At Lending Business

Congressional Hearing on FTX to Cast Spotlight on Crypto’s Annus Horribilis

NFT Roundup

SuperRare Auctions NFT Subscription Passes For More Than $4M

Podcast
Defiant Video

DeFi Wins From FTX Collapse (kind of)

DeFi Explainers

What is Polygon zkEVM?

Trending in The Defiant

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash

CZ Strives to Show Binance is Different From FTX

Unsecured DeFi Lenders Look Shaky in Face of FTX Contagion

Elsewhere

House Committee Calls on SBF, Binance to Testify on FTX Collapse: Decrypt

FTX’s former CEO claims crypto exchange is still solvent: The Guardian

Overcollateralization in DeFi. Always traceable, block by block: MakerDAO

Get the 5-minute newsletter keeping 80K+ crypto innovators in the loop.

Subscribe now

A word from our wonderful sponsors, who make this newsletter possible: 

Aave is the leading decentralized liquidity protocol. Aave governance has greenlighted the development of GHO - a decentralized, collateral-backed stablecoin that will be native to the Aave protocol. Launching on testnets soon! 

Lumerin is revolutionizing Bitcoin mining with a decentralized marketplace for buying and selling hashpower. Help us test the network in beta and earn real BTC hashpower to sell, trade, or mine. Find out more!

DeFi should be better - and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how!

Metis Andromeda is a permissionless & secure Ethereum Smart Layer 2 creating the decentralized finance foundations for the web3 economy. Bridge Free & explore our ecosystem during our first anniversary!

Chainalysis, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. Download today!

DeFi Lending🏎 MakerDAO Releases Speedy DAI Transfers and Tightens Controls on VaultsDeFi Lender Unaffected by FTX Yet Takes Steps to Fend Off Potential Contagion

By Samuel Haig

MakerDAO Releases Speedy DAI Transfers and Tightens Controls on Vaults

TRANSFER MakerDAO, the No. 1 DeFi platform with more than $8B in total value locked, now allows users to transfer its DAI stablecoin between Ethereum’s mainnet and Layer 2 networks, the protocol announced on Wednesday.

TWO CHAINS Dubbed Maker Teleport, the service supports leading Layer 2s Arbitrum and Optimism, enabling near-instant transfers between the two chains and fast withdrawals back to the Ethereum mainnet.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

FTX Crisis: Contagion🛑 Genesis Halts Withdrawals At Lending BusinessUsers Of Gemini Earn Unable to Withdraw Assets as FTX Contagion Spreads

By Aleksandar Gilbert

Genesis Halts Withdrawals At Lending Business

TURMOIL Genesis Global Capital, the lending arm of leading digital asset brokerage Genesis Trading, announced Wednesday that it has halted withdrawals and new loans due to “unprecedented market turmoil” created by FTX’s collapse. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post
Liquity's Chicken Bonds enhanced yield with DeFi Saver

DeFi Saver is an all-in-one dashboard for creating, managing and tracking positions with automatic liquidation protection and leverage management options for only the most trusted DeFi protocols, Liquity among them.

Liquity, interest-free borrowing protocol built on Ethereum, recently introduced a novel product offering The Defiant wrote about - Chicken Bonds. Chicken Bonds are a new, innovative form of bonding mechanism in DeFi.

Chicken Bonds are an innovative bonding mechanism offering several key benefits to those willing to bond their Liquity native stablecoin LUSD. In exchange for depositing and bonding LUSD, users accrue boosted LUSD (bLUSD), derivative token.

Primary benefit for bonding LUSD instead of supplying to Liquity’s Stability Pool is the amplified yield users get from Liquity’s internal liquidation mechanism as well as from other liquidity sources like the pools in Curve. Alongside improved liquidity for the LUSD stablecoin, the most important benefit to users is bonding with no time commitment or maturity. Users can withdraw principal LUSD fully and chicken out at any time, renouncing the accrued interest. The other option being to chicken in and claim accrued bLUSD, forgoing the initial LUSD deposit.

As the most comprehensive decentralized frontend for Liquity, DeFi Saver continues its devoted support with dedicated Chicken Bonds dashboard and advanced protocol actions and strategies. Alongside basic actions, DeFi Saver offers users options to Claim and Sell bLUSD or Rebond (Claim, Sell and create new bond). DeFi Saver team is even preparing automation options for the new Liquity innovation.

Get the most out of your Liquity experience with DeFi Saver. 

Crypto Regulation🏛 Congressional Hearing on FTX to Cast Spotlight on Crypto’s Annus HorribilisHouse Financial Services Committee to Call SBF to Testify on Exchange’s Failure and Practices

By Samuel Haig

Congressional Hearing on FTX to Cast Spotlight on Crypto’s Annus Horribilis

HEARING In a year when regulators and lawmakers were bearing down on cryptocurrencies, the FTX disaster was the last thing the industry needed. And now, the U.S. House Financial Services Committee plans to hold a hearing in December on the failure of the No. 2 crypto exchange.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

NFT Roundup🧑🏻‍⚖️ SuperRare Auctions NFT Subscription Passes For More Than $4MMagic Eden Raises ‘Fair Mint’ Mechanism in Busy Week for NFTs

By yyctrader

SuperRare Auctions NFT Subscription Passes For More Than $4M

COLLECTORS SuperRare, an Ethereum-based NFT marketplace that generated over $250M in sales, is experimenting with a new way for serious collectors to acquire pieces from leading artists in the NFT space.

PRICE On Nov. 16, a collection of 250 Genesis RarePasses was sold through a Dutch Auction that started at 138 ETH ($166,000) after RarePass #1 was purchased at that price.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Defiant Video📺 DeFi Wins From FTX Collapse (kind of)
Podcast Video📺🎙 Podcast: Robinhood is coming after MetaMask with Polygon Web3 Wallets
DeFi Explainers🤔 What is Polygon zkEVM?A Step-by-Step Guide to One of Ethereum’s Key Scaling Solutions

By Rahul Nambiampurath

What is Polygon zkEVM?

SCALABILITY Polygon has become a Swiss Army-knife for fixing Ethereum’s scalability problems. One of the latest methods Polygon uses to make Ethereum’s ecosystem faster and more efficient is zkEVM, the zero-knowledge Ethereum Virtual Machine. 

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Trending in The Defiant

Crypto Users Jump to DeFi Platforms in Wake of FTX’s CeFi Crash Don’t look now, but the FTX collapse has spurred a wave of interest in decentralized finance platforms. DeFi protocols are experiencing double digit increases in the number of users over the past week, according to data from Nansen, the blockchain analytics platform. 

CZ Strives to Show Binance is Different From FTX Just like FTX, Binance maintains billions of dollars worth of its own tokens on its balance sheet. So is the globe’s No. 1 cryptocurrency exchange vulnerable to the same type of bank run that poleaxed Sam Bankman-Fried’s exchange last week? 

Unsecured DeFi Lenders Look Shaky in Face of FTX Contagion The fallout from FTX’s collapse is just starting and within decentralized finance, platforms enabling unsecured loans are the most exposed relative to collateralized counterparts with millions in loans on the line, while total value locked slides.

Elsewhere🔗 House Committee Calls on SBF, Binance to Testify on FTX Collapse: Decrypt

The House Financial Services Committee will next month hear from Sam Bankman-Fried on the collapse of his crypto empire, lawmakers announced today. 

🔗 FTX’s former CEO claims crypto exchange is still solvent: The Guardian

Sam Bankman-Fried, the former chief executive of the collapsed crypto exchange FTX, has claimed the company he founded is still solvent, even as its new boss, who oversaw the final days of Enron, begins the formal bankruptcy process.

🧑‍💻 ✍️ 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 Alp Gasimov. Podcast was led by Camila, edited by Alp.

Free subscribers to the newsletter get:

Daily news briefings

Sunday Weekly recap

General chat on The Defiant’s Discord server

👑 Prime defiers get:

Full transcript of exclusive podcast interviews

DeFi Alpha weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad

Weekly live DeFi Alpha call with yyctrader

Inbox Dump edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels

Exclusive community calls with the team

Subscriber-only chats on The Defiant Discord server

Full access to The Defiant’s content archive

Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

You can start a prime membership for free right now with this link. You’ll get full access for 7 days. It’s 100% risk-free.

7-day Free Trial

Enclosure: Array
2022-11-24T19:45:59+00:00
Enclosure: Array
2022-11-26T12:12:19+00:00
Enclosure: Array
2022-11-23T23:01:50+00:00
Enclosure: Array
2022-11-29T00:32:00+00:00
Enclosure: Array
2022-11-23T09:34:18+00:00
Enclosure: Array