🧜🏼‍♀️ Yearn Finance Backs Atlantis World to Draw Degens Into the Metaverse

Hello Defiers! Here’s what we are covering today,

News
Opinion
Video
Podcast

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Metaverse

🧜🏼‍♀️ Yearn Finance Backs Atlantis World to Draw Degens Into the Metaverse

What’s the answer to make decentralized finance more fun and immersive than its current incarnation of websites and bulletin boards? Apparently it’s community environments reminiscent of video games played on 1990s-era consoles.

That at least is the bet DeFi portal Yearn Finance is making with its latest grant to Atlantis World. The company makes two-dimensional, lightweight digital worlds it believes can make DeFi investing feel more like a game.

In a tweet thread about the new partnership, the official Yearn account wrote that it would be “a 2D pixelverse that doesn’t require expensive tech but will still melt faces.”

The metaverse is one of the big concepts in crypto right now. And it’s the idea that technology will give people behind computer screens new ways to interact beyond the Telegram chats and Discord bulletin boards that dominate the space today. 

👉READ THE FULL STORY IN THE DEFIANT.IO 👈


Ethereum Blockchain

📈 MetaMask Posts Torrid Growth As Users Flock to Ethereum

NEWS MetaMask has broken 10 million monthly active users, according to the blockchain infrastructure company ConsenSys.

IDENTITY MetaMask is the leading Ethereum wallet, working in both browsers and mobile devices. It allows users to hold cryptocurrencies on Ethereum and compatible blockchains such as Polygon. MetaMask also enables users to interact with Web3 applications that use crypto wallets as a form of identity.

GAMING “We’ve been pretty consistently seeing wave upon wave of growth, over 30% MoM along with more and more diverse use-cases,” Jacob Cantele, Lead of Operations at MetaMask, told The Defiant. “Most recently we’ve seen a huge explosion of gaming use cases, with five of our 10 most popular sites in MetaMask being games.”

👉READ THE FULL STORY IN THE DEFIANT.IO 👈


Opinion

Everyone loves to vote, and DAOs, that innovative structure enabled by the Ethereum blockchain, is predicated on the idea that democratic cooperation is both desirable and necessary in DeFi. But what if we’ve made too much of voting? What if it’s a component, yes, but not the panacea so many Defiers believe? That’s the provocative argument guest columnist Red makes in this essay. A must read.

🗳 The Problem with Voting in DAOs

TLDR The first major blockchain conference I attended in person was this July at EthCC 4 in Paris. It was an amazing experience. I met so many people and learned about so many projects and gathered perspectives on where Ethereum is headed. But there was one common theme that concerned me — this notion that DAOs = Voting. 

V Nearly every conversation I had about decentralized autonomous organizations gravitated around voting and governance, and rarely did the topic go beyond that. But when I look at the DAO acronym, I don’t see a ‘V’. Autonomous does connote self governance, or voting, and we use decentralized mechanisms to cast our votes — but what about the third word in the acronym, which everyone seems to ignore? Organization. And since all three of these words go together, it is not just voting that needs to be decentralized, but the business organization itself.

PROTOCOL If your project’s business structure (organization) is still the same five devs who launched the protocol, and they make all day-to-day decisions on business operations, then is it fair to call it a DAO?  

 👉READ THE FULL STORY IN THE DEFIANT.IO 👈


SPONSORED POST

Molly Wintermute Releases Hegic V8888: 0% Trading Fees and Gas Fee-Free Options Trading

Hegic V8888 is live in mainnet: 

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Hegic is an on-chain peer-to-pool options trading protocol built on Ethereum. With Hegic, DeFi and crypto users can trade 24/7 American, cash-settled, on-chain ETH and WBTC call / put options with no KYC or registration required for trading.

Hegic was founded 1.5 years ago in February, 2020. Hegic V888 (the previous version) was live for 10 months. The results achieved by V888:

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Use Hegic now: 

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Video

📺 How to get insurance on Anchor Protocol | Terra Tutorial


Links

🔗 Syndicate Raises $20M Series A to Scale Community-Driven Investing Platform: Syndicate

Today, we’re excited to announce that Syndicate has raised $20 million in a Series A round led by Andreessen Horowitz with participation from over 150 leading founders, operators, creators, and investors (full list below).

🔗 UTA Signs NFT Art Projects CryptoPunks, Meebits and Autoglyphs (Exclusive): Hollywood Reporter

The CryptoPunks are going Hollywood. The red-hot NFT crypto-art project from Larva Labs has signed with United Talent Agency for representation  across film, TV, video games, publishing, and licensing. UTA will also represent Meebits and Autoglyphs, two other crypto-art projects created by Larva Labs.

🔗 Original $4M Doge NFT meme auctioned off in 17 billion pieces: CoinTelegraph

The $4 million NFT depicting the original Doge meme is set to be fractionalized into ERC-20 Tokens, and auctioned off in pieces.


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🧑‍💻 ✍️ Stories in this newsletter were written by Brady Dale, YYCtrader, and edited by Bailey Reutzel and Edward Robinson. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.


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).