🤩 Web3 Salaries Soar to $750,000 for Rank-and-File Devs
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Do you want to make a real difference in the Ukraine crisis? Until March 24th, if you donate to help improve the situation in Ukraine on Gitcoin your funds will be matched by a pool of over $700,000 using the power of quadratic funding.
In some cases, 1 DAI can be matched up to 50x, so even small amounts are meaningful. Peace is a global public good, and it's become increasingly clear that we have to work to collectively maintain it. For more details, check out http://gitcoin.co/grants and go to the "Support for Ukraine" category.
Public goods are good.
Gitcoin grants sustain web3 projects with quadratic funding
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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The Catch: Web3 Projects Jack Up Comp With Token Incentives
By Owen Fernau
BEACONS Web2 giants like Google and Facebook have long been beacons for talent seeking cushy paydays, and for good reason — senior software engineers at all five FAANG companies make well over $300,000 a year, according to levels.fyi.
$750K It didn’t take long for web3 to catch up. Jobs with similar lofty income levels have emerged at web3 startups. A senior Solidity engineer position at Silo Finance, a lending protocol, recently turned heads with a reported salary ranging from $300,000 to $750,000.
PACKAGE Other eye-popping postings have crossed the wires: TempleDAO, an OlympusDAO fork, posted a job paying $300,000 to $900,000 and it quickly made the rounds on Twitter. LooksRare also offered a package that topped $600,000, according to The Daily Ape.
Ethereum Poised for Deflationary Cycle as The Merge Approaches
By Samuel Haig
LOWEST LEVEL Ethereum’s burn rate has plummeted to its lowest level since EIP-1559 was introduced in August 2021. EIP-1559, which is a major upgrade to the second most valuable blockchain network, introduced a base fee that is burned with every Ethereum transaction. That sets the stage for Ethereum to become deflationary — meaning that a greater sum of ETH will be burned than created.
THE MERGE That new phase will come after the Ethereum mainnet fuses with the Eth2 Beacon Chain and Ether issuance drops by 90%. Known as The Merge, this development is expected to occur in the third quarter.
DEFLATION Surging competition for block space amid the NFT bull market saw deflationary days posted in October, November, and again as NFTs peaked in January. But with the crypto markets selling off since January and the NFT market cooling, Ethereum’s fees and burn rate have slumped.
Solana and Fantom Struggle to Regain Mojo
By Samuel Haig
ACTION Binance Smart Chain’s DEXes still rule. That’s the upshot of heavy action in the crypto markets as bulls battle bears to retake control of the narrative. Here’s a round-up of the latest moves in DEX volume, plus how Solana and Terra are faring against rivals and the latest with Ethereum Layer 2s.
BSC BSC’s TVL rocketed during the first half of 2021, surging to post a record high of $31.7B on May 10, 2021 after starting the year with $124M according to DeFi Llama. The once surging network slumped down to $11.4B earlier this month, its lowest level since April 2021. BSC now represents $12.2B after gaining 7%, but is still down 62% from its all-time high.
VOLUME According to CoinGecko, BSC’s PancakeSwap, BiSwap, and Dodo currently rank as the second, third, and fourth by 24-hour volume among decentralized exchanges. They represent $474.7M, $446.3M, and $201.5M respectively. The exchanges combined represent 23.8% of the $4.7B traded on DEXes over the past 24 hours.
Avalanche Summit will take Barcelona by storm at the Poble Espanyol from March 22 to 27, 2022. The six-day event will bring together the most respected thought leaders, developers, researchers, and makers building the next-generation of Web 3.0 applications to discuss hot topics and frequently asked questions. Register to stay up-to-date with the latest–ticket sales, agenda, speakers, and more!
ETH Rio Showcased Nation's Promise But Old Challenges Like Corruption Loom
David Leibowitz returned from ETH Rio inspired, and a touch concerned, by what he found on the South American nation’s thriving web3 space.
CRYPTO-CURIOUS In a week filled with discussions, building, and excitement, ETH Rio brought together crypto-natives and crypto-curious from all over Latin America and beyond to exhibit what has been brewing in the region.
DESIRE Latin America presents a unique opportunity for crypto and Web3. The continent’s history has been turbulent and the majority of people here know all too well what it feels like to get “rugged” by their governments whether it be through rampant inflation, restrictive monetary policy, or blatant corruption. Yet, with a combination of a large online population, a growing pool of talented developers, and the desire to improve their situation there is fertile soil for crypto and web3 to take root.
BINANCE Many of the industry’s most influential figures are noticing this. Binance Founder and CEO CZ made a surprise appearance at the conference to announce the exchange’s plan to expand into Brazil. CZ is meeting with government officials in São Paulo and Rio de Janeiro as he eyes where to set up shop for his Brazilian headquarters.
COMPETITION Binance will face competition from entrenched incumbents such as Mercado Bitcoin and Mexico-based Bitso, both unicorns that collectively have about 7 million users. In addition, heavyweights Coinbase, Crypto.com, and others are attempting to expand in the country, too.
Nexo is a trusted and easy-to-use crypto lending and exchange platform where you can buy cryptocurrencies at the touch of a button and start earning up to 17% annual interest that is paid out daily.
The platform offers a variety of crypto investment options – from the hottest coins like Bitcoin and Ethereum, to exciting DeFi and Мetaverse projects. It also allows you to swap one asset with another at lightning speed.
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So whether you're just getting started or you’re a seasoned pro, get rewarded with up to $100 in BTC as a welcome bonus from Nexo, when you open an account and make your first top-up.
After enduring weeks of macroeconomic-driven nervousness, crypto traders are focusing on progress within the crypto ecosystem, particularly on smart contract blockchain Ethereum's impending proof-of-stake merge and the bullish implications for its native token, ether (ETH).
Argentina’s government has signaled it will discourage the use of cryptocurrencies as part of a proposed, nearly $45 billion debt restructuring deal with the International Monetary Fund (IMF).
Bitcoin just isn't anonymous enough for a growing cohort of crypto users who are seeking greater seclusion.
🔗 A Bull Case for Music NFTs: Everything You Need To Know About The Next .WAV Of On-Chain Art: Delphi Media
Since Beeple’s record-breaking auction, NFTs have grown synonymous with 2D visual art. Often called “JPEGs” informally, the most valuable NFT brands are overwhelmingly static images. Audio and video NFTs, by contrast, are a rounding error in terms of sales.
vitalik.eth @VitalikButerinI didn't even know who Tom Brady is, had to ask people around me. My best guess was that he was the actor from Mission Impossible. https://t.co/MLWVcbtPHc
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Ether Bulls Ascendant as Anticipation Builds for The Merge After a bearish start to 2022, Ethereum market sentiment appears to be flipping bullish.
A Radical Proposal to Revive MakerDAO Roils Community MakerDAO, the trailblazing DeFi lending and savings project, has reached a crossroads.
Why Do Gamers Hate NFT’s? Part 2! In part one, we took a look at the state of gaming and some of the reasons why gamers are hating on NFT’s so much. Today we conclude this deep dive investigation into the topic and look at the final and fundamental reasons for this seething hate.
🧑💻 ✍️ Stories in The Defiant are written by 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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