š Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
Hello Defiers! Hereās what we are covering today,
News
Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
A Crypto Architect Takes Us Inside the āVisual Languageā of the Metaverse
On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Proof-of-Stake Shift
Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
Podcast
šListen to this weekās podcast with Nick Johnson of ENS here:
Video
First Look: What is Protocol Owned Governance? | First Look into Lobis - approved fork of OlympusDAO
Links
Crypto group Galaxy Digital seeks to raise $500m in debt market: The Financial Times
$106M worth of Metaverse land sold last week: DappRadar: CoinTelegraph
Jack Dorseyās Square changes corporate name to Block: CNBC
Trending in The Defiant
Tutorial: The Degen Savings Portfolio Featuring Abracadabra, Curve and Convex
CloneX NFTs Sell Out in Auction Roiled by Attacks and Controversy
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š Together with:Ā
Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
Aave, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.Ā
Fintech Meetup, is fintechās next big event--30,000+ online meetings for 3,000+ DeFi & TradFi participants! Online Mar.22-24. Learn More
Layer 2s
š Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam
NEWS A Uniswap community member has called for the decentralized exchange (DEX) to launch a liquidity mining program andĀ incentivize users to migrate to its Layer 2 deployments on Arbitrum and Optimism.
SECOND STAGE On Dec. 1, Hop Protocolās growth lead āzkLitoā announced they had submitted a detailed proposal for L2 liquidity incentives for Uniswapās second stage of governance. Their previous proposal had passed an initial temperature check in Uniswapās governance forum last month.
KICKSTART zkLito describes the proposal as both seeking to entice ādeep liquidity for key pairs on L2,ā and more importantly to ākickstart L2 adoption by incentivizing users to bridge and shift their DeFi activity to L2s.ā
šREAD THE FULL STORY IN THE DEFIANT.IOš
Metaverse Design
š A Crypto Architect Takes Us Inside the āVisual Languageā of the Metaverse
DECADES How would building design change if architects didnāt have to think about them lasting for decades? Or if the structure and layout could change with a few mouseclicks?
VIRTUAL BUILDINGS Thatās the opportunity architects can seize in the metaverse. Most architects would probably say that isnāt appealing at all, because they undertook the discipline to design structures people would experience for a very long time, but for Kirk Finkel, better known as Untitled, XYZ, a full time Web3 architect, itās inspiring to work with virtual buildings that are iterative to a degree that canāt even be fathomed in the physical world.
100 YEARS āThereās a different relationship because itās not there for 100 years,ā he told The Defiant in a phone call from his analog space in Brooklyn. āThe visual language of the building can change so quickly.āĀ
šREAD THE FULL STORY IN THE DEFIANT.IOš
Ethereum 2.0
š On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Proof-of-Stake Shift
ROADMAP The Ethereum community is celebrating the first anniversary of the Ethereum 2.0 Beacon Chain, which set the networkās roadmap toward Eth2 into motion with its launch on Dec. 1, 2020.
LOCKED UP According to data aggregator Staking Rewards, Ethereum 2.0 is now the second-largest proof-of-stake network by staked capitalization with $38.4B locked up.Ā While Solana currently leads with nearly $88.2B, 77.4% of SOLās supply is locked in staking compared to just 7.10% of Ether.
LAUNCH Many analysts believe itās only a matter of time until Ethereum ascends to the top spot. Ethereumās upcoming chain-merge is expected to increase staking rewards by several multiples. Since the Beacon Chainās launch last year, Ethereum has completed several major upgrades in its Eth2 roadmap and shift from proof-of-stake consensus.
šREAD THE FULL STORY IN THE DEFIANT.IOš
DeFi Regulation
š Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards
NEWS U.S. Treasury Secretary Janet Yellen said non-custodial protocols will not be subjected to stringent reporting obligations in line with updated guidance concerning crypto assets from the Financial Action Task Force (FATF), an intergovernmental organization that sets anti-money laundering guidelines for dozens of nations.Ā
STANDARDS FATF finalized its updated guidance in late October calling on nations to subject DeFi protocols to anti-money laundering standards, including the collection and sharing of detailed information relating to transactional counterparties.Ā
VASPS āCreators, owners and operators or some other persons who maintain control or sufficient influence in the DeFi arrangements, even if those arrangements seem decentralized, may fall under the FATF definition of a [Virtual Asset Provider (VASP)] where they are providing or actively facilitating VASP services,ā the guidance reads.Ā
šREAD THE FULL STORY IN THE DEFIANT.IOš
The Tube
šŗ First Look: What is Protocol Owned Governance? | First Look into Lobis - approved fork of OlympusDAO
Links
š Crypto group Galaxy Digital seeks to raise $500m in debt market: The Financial Times
Galaxy Digital, the crypto financial services company founded by Mike Novogratz, is seeking to raise $500m in the debt market as digital asset companies race to tap investor enthusiasm surrounding the rapidly growing industry.
š Ultimate Crypto Tax Guide: Bankless
Dear Bankless Nation, Itās December. Almost the end of the year. Is anyone else going āOMG what about my taxes?ā
š $106M worth of Metaverse land sold last week: DappRadar: CoinTelegraph
Four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week according to data from DappRadar.
š Unifying Cross-Chain Liquidity with Connext: Medium
The multi-chain market has arrived. Thanks to years of research, open source development, and the learn-in-public ethos of crypto developer ecosystems, we now find ourselves in the midst of heterogeneous L1 blockchains and L2 scaling solutions, each with its own scaling capabilities and design trade-offs.
š Jack Dorseyās Square changes corporate name to Block: CNBC
Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business.
š Crypto Advocacy Panel Livestream: Bankless
This is the Crypto Advocacy & Education Summit, which we're hosting to go along with the Ethereum Foundation's $500,000 donation to the Gitcoin Round 12 matching round for the āCrypto Advocacyā track.
Trending in The Defiant
Surging Ether Hits 42-month High Against BTC Ethereum has made another leg up against Bitcoin, with the ETH/BTC chart tagging its highest level since May 2018.
Tutorial: The Degen Savings Portfolio Featuring Abracadabra, Curve and Convex Curve is now the largest DeFi protocol with $22B in Total Value Locked across seven blockchains.
CloneX NFTs Sell Out in Auction Roiled by Attacks and Controversy On Nov. 29, RTFKT Studios was all set to begin the public sale of its CloneX avatars. Then the attacks on its website started.
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š§āš» āļø Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad, and yyctrader, and edited by Edward Robinson, yyctrader, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.
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