Hello Defiers! Hope you’re having a great weekend. Summing up: In this past week the crypto market continued to heat up, with bitcoin smashing through $20,000 and touching a new record almost every day, while ether rallied past $650, the highest since 2018. We looked at what short-sellers are doing and it looks like bears have their eyes on ETH, more than on BTC. Meanwhile, Chainlink’s LINK looked primed for a comeback. Compound Finance released plans to build an independent blockchain called Compound Chain to enable cross-chain money markets. There was yet another flash loan attack, resulting in about $8M drained from a DeFi protocol. The Graph launched its own decentralized network to provide open and global access to DeFi data. Tornado Cash proposed to decentralize its governance via the TORN token, while AAVE further decentralized its own governance, as any AAVE holder can now make proposals. This week’s podcast is with Jeff Garzik, the former Bitcoin core developer who is helping build Vesper, a yield bouncer that has the goal of professionalizing the DeFi investing experience.
Recap: DeFi Week of Dec. 14 🦄
Recap: DeFi Week of Dec. 14 🦄
Recap: DeFi Week of Dec. 14 🦄
Hello Defiers! Hope you’re having a great weekend. Summing up: In this past week the crypto market continued to heat up, with bitcoin smashing through $20,000 and touching a new record almost every day, while ether rallied past $650, the highest since 2018. We looked at what short-sellers are doing and it looks like bears have their eyes on ETH, more than on BTC. Meanwhile, Chainlink’s LINK looked primed for a comeback. Compound Finance released plans to build an independent blockchain called Compound Chain to enable cross-chain money markets. There was yet another flash loan attack, resulting in about $8M drained from a DeFi protocol. The Graph launched its own decentralized network to provide open and global access to DeFi data. Tornado Cash proposed to decentralize its governance via the TORN token, while AAVE further decentralized its own governance, as any AAVE holder can now make proposals. This week’s podcast is with Jeff Garzik, the former Bitcoin core developer who is helping build Vesper, a yield bouncer that has the goal of professionalizing the DeFi investing experience.