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The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

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Step Finance is the portfolio management dashboard for Solana users to visualise, analyse, execute and aggregate transactions across all Solana contracts in one place. Get started now!
Zerion Zerion is Mission Control for Web3: an intuitive DeFi portfolio manager, multichain tracking & trading and the best place to show off your NFT collection
Sorare Experience true football connection in The Global Fantasy Football Game! Trade & collect, play with football NFTs #OwnYourGame Learn More!
Cryptex Finance (CTX) the fully decentralized creators of TCAP, The World’s First Total Crypto Market Cap Token.

DEXs

👀 Margin Trading Exchange dYdX to Fully Decentralize in 2022

NEWS Margin trading protocol dYdX announced plans this week to fully decentralize by the end of 2022 as a part of its V4. It’s a major move for one of crypto’s most widely-used decentralized exchanges.

TRADING FEES Right now, dYdX Trading Inc., the company which developed the dYdX protocol, generates revenue through trading fees based on trade volume. But by the end of 2022, “no central party (including dYdX Trading Inc.) will have the ability to receive trading fees on dYdX V4,” the announcement post stated.

AIRDROPPED While the post makes no mention of the fees going to holders of DYDX, of which over $1B worth was airdropped to users of the protocol last year, it’s hard to imagine them going anywhere else. That is especially the case since DYDX holders will be voting on where the fees go.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

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$WEB3 Tokenized Index is Live & Up 25% in ETH Terms

Arch Ethereum Web3 is now live – This index product which unlocks broad-market exposure to Ethereum’s governance token ecosystem. With 17 constituents, the product tracks the returns of roughly 70% of the market capitalization of the Arch Ethereum Web3 Index (+$60B at current prices).

The Arch Ethereum Web3 Index is up 25% in ETH terms in the last 30 days. This outperformance is led by tokens in the Infrastructure and the Lending sectors, which are up 48% and 34% in the past month against ETH, respectively.

$WEB3 is built methodology-first to deliver predictable and reliable exposure to the major governance tokens in the Ethereum ecosystem. This market-weighted and monthly rebalanced product, provides web3-natives with an efficient vehicle to diversify their portfolios and is set to become the gauge for the overall web3 ecosystem, akin to SPX in TradFi.

$WEB3 is the first tokenized asset curated by Arch, a DeFi asset manager focused on passive investment strategies based on rigorous analytical frameworks and fundamental research to enable a wide-range of investment strategies.

Arch Ethereum Web3 token is available for trade on Ethereum mainnet and Polygon network decentralized exchanges, visit www.archfinance.io to learn more.

Ethereum

📡 EPNS Hits Ethereum Mainnet to Boost Links Between DeFi Projects and Users

ON-CHAIN The Ethereum Push Notification Service (EPNS) has launched on the Ethereum mainnet, enabling decentralized protocols to directly communicate with their users on-chain.

WEB3 The protocol allows users to create, send, and receive multichain push notifications to crypto wallet addresses. EPNS investor Balaji Srinivasan tweeted his thesis for backing the team, describing the protocol as building a communication layer for web3.

ADDRESSES “The idea is that emails and phones can both be man-in-the-middled by email providers and telcos respectively. But notifications to crypto addresses can’t be,” he wrote. EPNS went live on Jan. 12 following more than one year of development.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

NFT Deals

👕 NFT Hoodies? Tezos Inks Deal with Apparel Retailer Gap in Latest Challenge to Ethereum

GAP Tezos is on a roll. In its latest deal with a traditional company, the blockchain provider is teaming up with clothing retailer Gap to launch a series of hoodie-themed NFTs from Jan. 13.

ESPORTS Tezos is emerging as a low-cost rival to Ethereum for NFT issuers. The venture is also working with Ubisoft, the French video game maker, and is the official technical partner of McLaren Racing for its Formula One and Indycar divisions, as well as its esports team.

GAS FEES Gap follows other leading brands that are leveraging Tezos to cash in on the booming NFT ecosystem without forcing its customers to fork out the hefty gas fees associated with minting and trading NFTs on Ethereum.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

The Tube

📺 First Look: Auto Staking & Flexible Vesting with Olympus V2 Bonds

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🔗 The Great L2 Migration | Cross-Chain L2 Panel: Bankless

We think 2022 is going to be a huge year for Layer 2 scaling solutions. Cross-Chain protocols will be a crucial infrastructure for the great migration to L2s, allowing users to bridge assets across platforms.

🔗 Coinbase announces acquisition of derivatives exchange FairX: The Block

Coinbase is acquiring FairX, a CFTC-regulated derivatives exchange.

🔗 Solana could become the 'Visa of crypto': Bank of America: CoinTelegraph

Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Jan 11 research note.

🔗 Solana Derivatives Platform Zeta Markets to Go Live on Solana Mainnet: Yahoo Finance

Zeta Markets ("Zeta" or "the Platform"), a cutting-edge decentralized finance (DeFi) derivatives exchange offering features found in traditional finance, today announced that it will go live on the Solana Mainnet at 9 am EST on Monday, January 17, 2022.

Terra Daily 🌖 @TerraLUNADaily

Terra LUNA Ecosystem 2022 @terra_money $LUNA $UST Details in 🧵🧵

Harmony Daily @HarmonyOneDaily

📢@harmonyprotocol announces the integration with @cyberfi_tech - a #multichain intelligent automation platform that simplified #DeFi experience. ✅ Welcome to the #HarmonyONE ecosystem! 💥💥 #NFT #Harmony #ONE

Trending in The Defiant

LOOKSRARE Airdrops Token and Entices NFT Fans to Try Out New Marketplace A new NFT marketplace has launched on Ethereum, and its revenues are open to anyone who is willing to put some skin in the game.
Vitalik Sounds Alarm on Security of Cross-chain Bridges Vitalik Buterin, the co-founder and chief scientist of Ethereum, has sounded the alarm over the security of cross-chain bridges, warning of their vulnerability in the event of 51% attacks.
Ethereum Burn Rate Hits Record High as DeFi Market Jumps Severe volatility has driven Ethereum’s daily burn to an all-time high, with roughly 18,070 ETH, or $57.8M, destroyed in 24 hours on Jan. 11.

🧑‍💻 ✍️ 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)

👀 Margin Trading Exchange dYdX to Fully…

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