⛲️ Vitalik Tweet Spurs Flurry Of Meme Coins
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Nearly 200,000 Trades Were Conducted On Uniswap In the Past Day, Highest Since June 2021
SHILL On Oct. 14, Ethereum co-founder Vitalik Buterin mused that a project called “THE Protocol” would be really easy to shill, as its supporters could say “Look, so and so mentioned THE!” when referring to pretty much anything.
Sale of $175,000 House Settled with USDC Stablecoins
By Samuel Haig
SOLD In the latest sign that the property industry is finding NFTs a new sales tool, Roofstock, a digital real estate platform, sold a single-family home in South Carolina for $175,000 via OpenSea.
Enough with the doom and gloom. You know the score. The market is in a meltdown. Crypto has entered a new Ice Age. Meanwhile, the Fed is flipping back and forth like a stoner staring at a 20-page Denny’s menu.
Don’t just stand around waiting for J-Pow’s next “pivot.” Take your financial future into your own hands. Here’s how:
While the media was distracted by celebrities shilling crypto and NFTs, the big money continued to pour into traditional fine art. In fact, fine art sales exceeded digital art sales by more than 26x in 2021.
Why? Just re-read the headline. Plus, contemporary art prices have outpaced the S&P 500 by a whopping 131% over the last 26 years.
Now, with the invest platform Masterworks, over 550,000 people are getting access to investments in multi-million dollar art, for just a fraction of the price of the entire work. And they’re realizing serious results. Masterworks’ last exit realized a net annualized return of 33.1%.*
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* Reflects annualized return on investment, net of all fees and expenses. Past performance is not indicative of future results. See important Regulation A disclosures.
Carapace Raises $2.5M in Round Led by NFX
By Owen Fernau
LORE Credit default swaps are the stuff of financial lore. These complex instruments played a role in the subprime mortgage crash of 2008 and featured in the celebrated account of that cataclysm, “The Big Short.”
Audit Finds No Critical Bugs
AUDIT Aave Companies, the centralized entity that oversees DeFi’s leading lending protocol, has released a technical paper on Aave’s upcoming GHO stablecoin, along with the results of its first security audit.
ZKSync’s Coming Mainnet Launch Underscores Mounting Activity for the Technology
DAPPS: Polygon announced their zkEVM testnet with a bang on Oct 10th. Both Aave and Uniswap are deploying their dApps alongside Lens protocol and the gaming studio Midnight Society.
VOLUME Spotlighting influential DeFi protocols such as Aave and Uniswap help to convey that Polygon intends to be a serious contender in the zk-chain space. This news could also show why there was a surge in transaction volume for Polygon’s MATIC token the same day the testnet was announced.
Hey Anon, Yuga Labs is coming to Benzinga’s Future of Crypto conference. Are you?
Use code DEFIANT30 to get 30% off tickets.
A Step-by-Step Guide to Blockchain-based Money
FEATURES The 21st century arguably changed course with the advent of blockchain technology. One of its key features, of course, is cryptocurrency, the digital money powered by blockchain’s peer-to-peer (P2P) mechanics.
Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices, and much more.
Twitter co-founder and former CEO Jack Dorsey have lifted the curtain on the latest iteration of its social protocol and a new Bluesky Social app — as part of its decentralized answer to Twitter.
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Lido Co-Founder’s Comments Spark Debate Over Decentralization of Ethereum Liquid staking giant Lido has come under fire after co-founder and chief technology officer Vasiliy Shapovalov said the hardware used to secure Ethereum should be professionally managed, infuriating an army of enthusiasts who operate such hardware at home, as well as several prominent Ethereum influencers.
MakerDAO Poised to Break Up Into ‘MetaDAOs’ in Historic Shakeup Is MakerDAO, the No. 1 DeFi protocol, about to be broken up? That’s what is at stake in a flurry of votes taking place this week in the collateralized debt platform.
Governance Project Uses ‘Contests’ to Help DAOs Improve Decisionmaking Managing DAOs may be one of the most serious issues in decentralized finance. Yet an outfit called jokedao is betting its unorthodox approach, and a dash of humor, may be just the trick.
🧑💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Alp Gasimov. Podcast was led by Camila, edited by Alp.
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With Ethereum Testnets Closing After The Merge Faucets Are Running Dry
By Samuel Haig
SHORTAGE Developers are hoarding Goerli testnet Ether, resulting in a widespread shortage of the coin, according to data from websites that distribute tokens.
PREMIUM As a result, developers must pay a premium to access what are intended to be freely distributed coins. Without Goerli ETH, devs cannot experiment on the test network, posing a threat to innovation on the Ethereum blockchain.
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