🌊 Lido Floods Layer 2s with Staked ETH After Launching Incentives Program
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News
Lido Floods Layer 2s with Staked ETH After Launching Incentives Program
Ether Turns Deflationary as Experimental Project Pushes Up Gas Prices
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Exploits
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🎙️Wintermute's David Micley Says Institutional Investors Are Here To Stay
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DeFi Explainers
Elsewhere
Trending in The Defiant
Starkware Founders: Ethereum Could Surpass Visa’s Transaction Speeds Within Months
THORChain Breaks Free of Early Troubles With Avalanche Integration
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Staked ETH
🌊 Lido Floods Layer 2s with Staked ETH After Launching Incentives Program
Lido Scrambles to Counter Coinbase and Rocket Pool as Staked ETH Market Heats Up
INTEGRATION Lido is flooding Arbitrum and Optimism, Ethereum’s most popular scaling protocols, with its staked ETH tokens. And it’s set aside half a million dollars in incentives to do so. Less than a week after Lido announced its integration with Arbitrum and Optimism, the Layer 2 blockchains have received a combined $9M in wstETH.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Post-Merge ETH
⛽️ Ether Turns Deflationary as Experimental Project Pushes Up Gas Prices
XEN Accounts For More Than 40% Of Gas Used On Ethereum In The Past Day
By Owen Fernau
SUPPLY Well, that didn’t take long. Less than a month since The Merge, ETH supply has dropped by more than 2,000 digital tokens, according to ultrasound.money.
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Crypto Doxing
😡 Mad about the Celsius Customer Dox? Pray Your CeFi App Doesn’t Go Bankrupt
Bankruptcy Court’s Ruling Clashes With Crypto Privacy in Bellwether Case
INFURIATING At least they didn’t include home addresses. Bankrupt crypto lender Celsius disclosed the names and transaction histories of its customers in a court filing Wednesday, infuriating the privacy-obsessed crypto community, but drawing a shrug from experts who say that kind of disclosure is common in bankruptcy proceedings.
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DAO Strategy
💰MakerDAO To Deploy $500M In Treasuries And Corporate Bonds
Move Comes Despite Founder’s Reservations About Real-World Assets
By Owen Fernau
INVEST The largest DeFi lender will soon invest up to $500M of USDC into U.S. treasuries and corporate bonds. A $1M test transaction has already been initiated with the full amount to follow shortly.
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Exploit Bounties
🪲 Hacker Pockets $677,000 and Free Pass to Settle TransitFinance Exploit
Smart Contract Bug Opened Up Swap Aggregator to $29M Hack
DEAL In a deal that demonstrates the mounting influence of bounties in crypto exploits. TransitFinance, a cross-chain swap aggregator, announced on Oct. 10 it had reached an agreement with a hacker behind the $29M exploit of the protocol last week.
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NFT Exploits
🦹🏻♂️ Seven Bored Apes Worth $700K Stolen
Observers Suspects a Serial Scammer
By Owen Fernau
SCAM Yet another holder of Bored Ape Yacht Club (BAYC) NFTs has fallen prey to a phishing scam. The latest theft resulted in the loss of seven of the NFTs, each worth over $100,000 at current floor prices.
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Defiant Video
📺 Quick Take: CZ says crypto is about “security” but BSC gets hacked anyway
Podcast Video
🎙📺 Institutions Still Lining Up to Trade Crypto During the Bear
Shoutout
Anthony Hopkins The Eternal NFT Collection
Orange Comet is proud to announce its distinguished partnership with Sir Anthony Hopkins and the launch of his first NFT series, The Eternal Collection
The NFT series will feature an exclusive once-in-a-lifetime IRL event for collectors, giving them access to engage with one of Hollywood’s greatest icons.
DeFi Explainers
🌌 What Is Aurora?
A Step-by-Step Guide to the Ethereum Compatibility Network
CHALLENGE More than half the traffic in the decentralized finance (DeFi) ecosystem runs is on Ethereum. This includes lending dApps, exchanges, blockchain games, and NFT marketplaces. So, how does a competitive blockchain challenge such a powerful first-mover advantage?
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Elsewhere
🔗 Has Proof of Stake Made Ethereum More Centralized?: Decrypt
Has the move to proof of stake made Ethereum more centralized and censorship-prone?
🔗 Crypto Investment Firm Blockwater Technologies Defaults on DeFi Loan: CoinDesk
South Korean blockchain investment firm Blockwater Technologies defaulted on a loan from TrueFi, a decentralized lending protocol, TrueFi said in a statement Sunday.
Trending in The Defiant
Starkware Founders: Ethereum Could Surpass Visa’s Transaction Speeds Within Months Uri Kolodny and Eli Ben-Sasson are the co-founders of Starkware, one of the leading scaling solutions for Ethereum.
Sushi Rallies After GoldenTree Discloses $5M Position GoldenTree, a privately-held firm with $50B in assets under management, has bought and staked $5.2M worth of SUSHI tokens. The American asset manager disclosed its position on Oct. 5 in Sushi’s governance forum.
THORChain Breaks Free of Early Troubles With Avalanche Integration Despite a rough start that would have killed many young companies, THORChain continues to build and raise capital, buoyed by its unique place in the crypto ecosystem.
🧑💻 ✍️ 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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😳 SushiSwap’s Grey Hit By Wild Allegations of Impropriety
DEX’s New Head Chef Rejects ‘Untrue’ Accusations of Ripoffs and Bestiality
By Samuel Haig
TURMOIL Less than a week after SushiSwap sought to end a period of turmoil with the election of Jared Grey as head chef, the decentralized exchange was engulfed in controversy yet again as a series of extraordinary allegations were leveled at its new hire.
SCAMS On Oct. 11, a self-styled “ETH and DeFi enthusiast” called YannickCrypto accused Grey of being involved with multiple crypto scams. Then Twitter lit up with bizarre allegations that Grey had engaged in bestiality with a horse.
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