Hi defiers, hope you’re having a great weekend! Summing up: It was a tough week for crypto markets and ether –but not for DeFi. Ether plunged below $200, short positions jumped to the highest since July. The sell-off caused collateral liquidations in decentralized finance, but more loans were generated. Bancor shared more details of its airdrop exclusively with The Defiant, and co-founder Guy Benartzi chatted with me about the company’s long-term plans. Parity Technologies said it doesn’t have enough resources to maintain Parity and MakerDAO is debating whether to accept non-trustless assets as collateral for Dai. Crypto investor Spencer Noon’s guest post talks about the future of business in an open world.
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