🦄 Recap: DeFi Week of March 1

Hello Defiers! Hope you’re having a great weekend.

Summing up: We started off the week with a bang and published our comprehensive guide to DeFi so that you and/or your DeFi-curious friends can get up to speed on all the basic terms, teams, and concepts, and better leverage The Defiant newsletter, podcast and videos.

The market recovered this week after a bleak end to February, with ETH up more than 20% and DeFi tokens rebounding. Yet, it was NFTs what dominated the conversation, with 3BLAU beating records, while Grimes, Kings of Leon, and Beeple at Christie’s continued to bring mainstream attention to the space. Meanwhile, Aavegotchi’s NFT sale was over in seconds. With all this activity, users need scaling yesterday, and Enjin announced it’s working on two NFT scaling solutions. James Beck of ConsenSys wrote about how NFTs may crack royalties, and we published a guide on trading non-fungible tokens with the NFT20 platform. On the podcast, we had Ameen Soleimani talking about the motivation for the RAI stablecoin.

And there was more! There’s a lot going on, but we’ve got you covered :)


Subscribe to get the latest DeFi news and analysis straight to your inbox and you don’t miss a thing. Free-signups get partial content, paid subscribers get everything. Click here to pay with DAI (for $100/yr) or click on the button below to subscribe with fiat ($100/yr, $10/mo).


🙌 Together with: 

  • Zerion, a simple interface to access and use decentralized finance

  • Balancer, an asset manager and decentralized exchange built on Ethereum

  • Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi

  • Casper, an enterprise-focused blockchain which aims to introduce unprecedented security, speed and scale for businesses


Videos

📺 Tuesday Tutorial: How to Trade Your NFTs With NFT20, and subscribe to our channel!

📺 Quick Take: A DJ Sold NFT Art for $11.7M

📺 Defiant Weekly: NFT OG Marguerite deCourcelle (Coin Artist), everything you ever wanted to ask


Op-ed

Can NFTs Crack Royalties And Give More Value To Artists? By James Beck

NFTs are all the rage, making more headway in attracting creators to crypto than ICOs or yield farming ever could. Non-fungible tokens, the Etheruem token standard that enables digital ownership, has taken off as a way for artists to monetize their work. By selling unique tokens linked to creators in auctions that are over in hours, creators have been able to make more than what they make from streaming platforms in years. But the token standard will be able to truly reward artists throughout the entire life of their products if they’re able to earn a percentage of sales in secondary markets too. The concept isn’t so far-fetched. James Beck of ConsenSys writes in today’s op-ed, and outlines the efforts underway to make it happen.


Interview

"We Were Idiots and We Were Poor; Then From Mid 2020 to Now, Suddenly, We're Right: " Ameen Soleimani

In this week’s episode I interview Ameen Soleimani, one of the most prolific builders in Ethereum. He’s the CEO of SpankChain, a blockchain-based adult entertainment platform, the co-creator of MolochDAO, a DAO to fund Ethereum projects, and the co-founder of Reflexer Labs, which created RAI, a purely ether-backed stablecoin.

We talk about the need of a purely ETH -backed stablecoin, and how RAI is so cypherpunk it’s not only not backed by fiat, but it’s also not pegged to the dollar, it’s only pegged to itself, and stabilized by its own algorithm. It’s a pretty radical experiment and Ameen has very high hopes for it: The goal is for Rai to become a global reserve currency.

🎙Listen to the interview in this week’s podcast episode here:


Monday

✊The Defiant's Definitive Guide to DeFi

We are witnessing the birth of the internet of money. It’s here, growing and maturing. You can use it right now. For those who are new to this ecosystem (and even for those who have been around for longer), the flood of new terms, apps and concepts can feel overwhelming. We published a comprehensive guide to get started and learn all the DeFi basics you will need to start exploring the internet of money.


Tuesday

Dives

Bytes

Links


Wednesday

Dives

Bytes

Links


Thursday

Dives

Bytes

Links


💜Community Love💜

Thanking all the amazing Defiers for the support and love this week (and always)!


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 ($10/mo, $100/yr).