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RAI Founder Rues ‘Mistake’ on Ethereum

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News

Stablecoins

RAI Founder Rues ‘Mistake’ of Dependency on ETH

Market Caps and Volume Crater for Stablecoins RAI and Liquidity USD

By Samuel Haig 

RAIProblems

The Tornado Cash sanctions case was supposed to be a boost for censorship-resistant, decentralized stablecoins. It hasn’t worked out that way. 

Six months after the U.S. Treasury Department sanctioned the crypto mixer and triggered a wave of blacklisting across the sector, the market cap and trading volume for two key decentralized stablecoins are down.

Read the full story in The Defiant


DeFi Lending

GHO to Arrive ‘In Weeks’ After Aave V3 Launch on Ethereum

Kuchelov Tells The Defiant Aave Stablecoin Will Boost Revenue

By Aleksandar Gilbert 

AAVEV3Eth

Aave, the largest decentralized lending protocol, is expected to launch on Friday the latest version of its software on Ethereum, a move that will pave the way for its stablecoin, GHO.

Read the full story in The Defiant

Sponsored Post

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SBTs

Soulbound Tokens Come Into Their Own With Pudgy Penguins Move

Buterin Big Supporter of Non-transferable Version of NFTs

By Samuel Haig 

VitalikFutureOfFrance

The search for NFT utility beyond social media avatars and, at times, questionable, digital art is inspiring many developers to explore the nascent domain of soulbound tokens.

Read the full story in The Defiant


DeFi Deals

MakerDAO Set To Deposit $100M In Bespoke Yearn Vault

Partnership Between DeFi Stalwarts Must Be Confirmed By Executive Vote

By Tarang Khaitan   

YearnPermissionlessVaultFactory 1

The MakerDAO community has greenlit a proposal to deposit $100M of USDC from its Peg Stability Module (PSM), which holds reserve assets backing the DAI stablecoin, into a tailor-made noncustodial Yearn vault.

Read the full story in The Defiant

Opinion

NFTs

NFTs Set to Go Local and Physical

As NFTs Enter “Phygital” Era Creators May Garner More Rights Over Their Work

By Lindsey Roussel  

Local PlaceBased NFTs

There’s no question that NFTs have become synonymous with hype — and with the booms and busts that are so inherently tied to the crypto sphere. Yet, NFTs are gaining new ground beyond the realm of NFT profile picture (PFP) projects alone: the technology behind digital collectibles gives creators more options than ever to engage with their community. 

Read the full column in The Defiant

Defiant Video

Daily Defiant

Why Uniswap wants Binance Smart Chain

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Podcast Video

An Inside look into Solana After FTX’s Collapse

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Sponsored Explainer

What is Vertex?

A Sponsored Primer on a Key Decentralized Trading Platform

By Rahul Nambiampurath    

WhatIsVertex

The FTX collapse injected doubt into the very concept of centralized platforms. In contrast, decentralized exchanges offer both transparency and self-custody. But how can DEXs bridge the liquidity gap that CEXs offer?

Read the full explainer in The Defiant

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