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🦄 EXCLUSIVE: Ethereum Documentary Plans to Sell $INFINITE Tokens to Finance Production
Hello Defiers! Here’s what we are covering today…
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TLDR When it came time to raise cash for Ethereum: The Infinite Garden, the first feature-length documentary about the world’s most active blockchain network, the producers had a logical choice: Ethereum tokens.
NEWS The team will seek to raise at least $1.5M, with a stretch goal of up to $3M, by selling $INFINITE tokens via Mirror, a blockchain-based publishing platform, director Zach Ingrasci and producer Carrie Weprin said in an interview with The Defiant. Depending on contribution size, backers will be rewarded with exclusive Infinite Garden NFTs designed by famed crypto artist pplpleasr.
STARTS TODAY The film will follow the stories of key figures in the community as the network transitions into ETH2. The team has secured an exclusive filming relationship with Ethereum creator Vitalik Buterin and Ethereum Foundation Executive Director Aya Miyaguchi. Crowdfunding will begin today and end on Friday, July 16th at 12pm PDT.
TLDR What a can of worms. This weekend, Adamant Finance, a yield aggregator on Polygon, initiated a governance vote to “blacklist” wallets it said belong to Alameda Research, a crypto hedge fund that trades up to $10B a day in tokens and derivatives. The fallout has been fast and furious.
NEWS The action came in response to community concerns that a single entity controlling nearly half the Total Value Locked (TVL) in the platform posed an existential risk to the project. The entity’s outsized position enabled it to earn and dump a substantial share of ADDY token rewards.
Bumper is the DeFi protocol that protects the price of your crypto from volatility. Set the price to protect and your asset will never fall below its floor, but if the market pumps, your asset rises too. We call it CryptoGodMode.
Forget a Stop-Loss, which just trades you out when the market tanks. Forget Options which are complex, clunky and have fixed expiry windows. That's 50 year old technology from yesterday. Bumper is the DeFi future of tomorrow, where Makers of liquidity are diametrically connected to Takers of protection.
Unsurprisingly our Flashpaper triggered VCs to compete for a BUMP allocation, with $32m declined. And did we mention we’re backed by Block8, the Dev house that designed and delivered Havven? Check our upcoming DApp release for LPs, which runs natively on a mobile phone, so you can Bumper assets on the go.
At midday UTC on July 14 Bumper opens up its Liquidity Provision Program where early investors will be able to farm $BUMP and get special access to the Private Sale price starting at $0.60 (Public Sale $2.4). For early BUMP Farmers & Buyers,, we are offering an astonishing 300% APR or 100% for pure farmers.
In this week’s research essay, David Liebowitz analyzes the state of play in development of the Ethereum-based automation and chronicles the efforts of a new crop of players in the space, Gelato, Keep3r, and Chainlink.
A race is underway in DeFi innovation. Established players and upstart newcomers alike are in the running.
Gelato has been tinkering with use cases since 2019 and launched its production-ready V1 last July. Meanwhile, Keep3r network has been executing its own solution since late October 2020. And just last month Chainlink announced an Open Beta for Chainlink Keepers in the field of smart contract automation. The prize is automation, and from user-friendly trading strategies to infrastructure-level liquidation protection, the beginnings of its massive potential are only now being realized.
🔗 Binance.US CEO Brian Brooks Weighs in on Recent Global Regulatory Warnings, Sen. Pat Toomey on US Crypto Regulations Outlook: CoinDesk
Binance.US CEO Brian Brooks joins "First Mover" since the firm hired former California regulator Manuel Alvarez as its new Chief Administrative Officer. This comes as global regulators are zooming into Binance. Senator Pat Toomey has more on congressional regulatory outlook on crypto in the U.S., and Haohan Xu of Apifiny on crypto markets outlook.
Superfluid Finance, an Ethereum-based money streaming protocol that automates recurring transactions, has raised $9 million in a seed funding round.
The S&P Cryptocurrency Broad Digital Market Index is being launched alongside four other benchmarks that track cryptocurrencies based on market capitalization.
🔗 Israeli Government Seizes Cryptocurrency Addresses Associated with Hamas Donation Campaigns: Insights
Israel’s National Bureau for Counter Terror Financing (NBCTF) released information on the seizure of cryptocurrency held by several wallets associated with donation campaigns carried out by Hamas. The seizure included but was not limited to the Al Qassam Brigades (AQB), which is Hamas’s military wing.
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🧑💻 ✍️ Stories in this newsletter were written by Owen Fernau, Dan Kahan and yyctrader and edited by Edward Robinson, Bailey Reutzel and Camila Russo. 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).