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DeFi Governance

📝 Delong Shares Lessons Learned at SushiSwap and the Need for Hierarchy in DAOs in Provocative Talk at ETHDenver

FOUNDER “I think Uniswap Labs is doing a great job,” Joseph Delong, founder of a forthcoming DeFi project called Astaria said during a talk at ETHDenver 2022 on Friday.

CRITIQUED That the team who built Uniswap v3 has done strong work wouldn’t really be controversial across much of the crypto space, but Delong is also the recently departed chief technical officer of SushiSwap, the decentralized exchange (DEX) that was founded in 2020 as a direct response to Uniswap, a DEX for the people as opposed to one then heavily critiqued for being too entwined with venture capital.

LESSONS Delong made the comment at the end of his talk on why DAOs need hierarchy. Coming out of his time running one of DeFi’s most important projects, it had the feel of a sort of “lessons learned” from his time running one of the most grassroots organizations in DeFi: SushiSwap.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Communities

✊🏼 Ethereum’s Old Guard Meets the Newbies at ETHDenver and There Are So, So Many of Them

PUNK BREAKFAST CryptoPunks are relatively old, as far as Ethereum history goes, but the notion of punks as a community is newer. Tegan Kline, CEO of The Graph, a blockchain data company, told The Defiant about a 50-plus punk breakfast that took place Sunday morning toward the end of ETHDenver 2022.

COMMUNITY “Many said that it was one of the first punk events they’ve been to in person. Was great to foster a community that mainly started online and bring everyone together IRL,” Kline said.

*CryptoPunks breakfast on Sunday, Feb. 20.* Photo courtesy of Tegan Kline.

INTRODUCTIONS That was just one of many, many IRL gatherings that took place in the Mile High City over the last week. Introductions between people who had never met in person was a big theme through the former straight hackathon that has become a full on cryptocon with its latest iteration. With time, the larger Ethereum community may view last week’s Colorado gathering as a milestone.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Opinion

🧐 Web3 Could Unleash Innovation by Overturning Age Bias in Startups

Guest writer James Whitley says web3 has the potential to change worlplace behavior for the better.

EXPERIENCE Last week, it hit me: I was actually working at my first job putting together bankruptcy exit plans for a failing airline the year our protocol’s intern was born. After a bit of a panic and checking to see if my address was updated so I’d receive my AARP card (yes – I’m exaggerating), I spent a little more time reflecting on how I, a finance and management professional with nearly 18 years of experience, found myself as a contributor to a cutting-edge DeFi protocol.

FOUNDERS So why exactly would I choose a web3 opportunity rather than any of the numerous other startups I’ve decided not to pursue? Web3 is uniquely positioned to upend the age bias that exists in the traditional startup world because it’s cheaper and quicker to scale, positions older founders in a positive light for their careers, and facilitates the step-change innovations in industries that require a deeper level of expertise.

STEREOTYPE Ask someone to describe a startup founder, and they probably have the image of a twenty-something college dropout with a dream. (Think: either Elizabeth Warren’s “shadowy, faceless…super coders” or a young Steve Jobs tinkering away in a garage.) Investors, media, and people in the tech community themselves are all too happy to perpetuate the stereotype that innovation is exclusively the realm of youth. In fact, among employees, the bias is very real.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Sponsored Post

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The Tube

📺 Quick Take: OpenSea Phishing, Credit Suisse leaking

Links

🔗 OSC flags Emergencies Act tweets by Kraken, Coinbase CEOs to RCMP: Regina Leader-Post

The Ontario Securities Commission has contacted law enforcement agencies after tweets from the chief executives of two of the world’s most prominent cryptocurrency-trading platforms appeared to offer advice on how crypto users could evade emergency restrictions on funding for the protests roiling the country.

🔗 Crypto exchange FTX US is launching a new gaming business: The Block

FTX.US, the American affiliate of Sam Bankman-Fried's crypto exchange FTX, is launching a new gaming business.

🔗 Artist blows up Lamborghini to make NFTs — in protest against get-rich-quick culture: The Block

Earlier this month, an artist called Shl0ms, with the help of an explosives expert, blew up a Lamborghini worth just shy of $250,000.

🔗 8 Things You Missed at EthDenver: Bankless

ETH Denver just wrapped up. Over 12,000 people came to Denver to participate in the hackathon, attend the talks, meet other like-minded people, and go to parties.

stani.eth (👻,🌿) @StaniKulechov

Aave governance voted the first licensed bank to be listed as a whitelister to the institutional @AaveAave Arc market app.aave.com/#/governance/5… 👏👻

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PaintSwap @paint_swap

10,000,000 $FTM volume traded on the #NFT marketplace #fantom paintswap.finance

Trending in The Defiant

What’s Sifu Up To? Eponymous Token May Foreshadow New Project After the pseudonymous Sifu was revealed to be QuadrigaCX co-founder Michael Patryn last month, it would be easy to expect him to leave DeFi behind.
DeFi 2.0 Primer: Decentralized Finance is Poised to Expand its Reach But Challenges Loom Compared to the walled gardens of traditional finance the benefits of DeFi offer a more ubiquitous range of financial tools for consumers.
Smooth Love Potion Soars 70% in 24 Hours Behind Axie Infinity Update Smooth Love Potion, a token earned by playing Axie Infinity, has been a white knuckle ride in recent months.

🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

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The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr)

DeFi, NFT & Web3 Insights - The Defiant

🏔 Ethereum Old Guard Meets (So Many) Newbies…