Recap: DeFi Week of Jan. 27 š¦
Hello Defiers, hope youāre having a great weekend!
Summing last week up: DeFi keeps making new records with total value locked crossing $900 million. Chainlink increases decentralized oracle access, Argent wallet integrated MakerDAOās Dai Savings Rate, and sidechain Fuel for scalable payments launched testnet. The decentralized exchange space was active, with 0x launching a dex aggregator standard and 1inch integrating limit orders. I dove into Gitcoin grantsā explosive growth, and interviewed Pet3rpan about MetaCartel and living an almost entirely Web3 life. And of course, thereās more :)
Monday Interview
We're Totally F*cked If We Don't Find Useful Things to Build With Blockchain: Pet3rpan
This weekās interview was with Peter āPte3rpan,ā one of the most crypto-native people in the planet. Heās so deep in dapps and tokens, he says thereās probably no turning back to the ānormalā life for him at this point.Ā This designer and community organizer, who goes by the online name ofĀ Pet3rpan, is one of the most active and founding members of MetaCartel.Ā You may have seen the groupās distinctive dancing chili around on Crypto Twitter, but this group is much more than a meme.Ā MetaCartelĀ has become a force in the Ethereum community.
Friday
Sums
Chainlink Boosting Access to Price Data for DeFi: Data feed providerĀ Chainlink launched a platform which provides increased access to data feeds for Ethereum applications.Ā
Dexes Become Increasingly More Sophisticated: Decentralized exchange aggregatorĀ 1inch isĀ launchingĀ limit orders.
Scalable Ethereum Payments Are Closer: A testnet for Ethereum sidechain Fuel is now live.
Recent DeFi Milestones: deFi keeps breaking record, including total value locked in DeFi, approaching $900 million
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Thursday
Dives
Ethereans are Disrupting Donations in a Literally Radical Way: Gitcoin hasĀ helped fund blockchain-based teams with $3.3 million, of which over $700,000 have been through grants using a novel mechanism called quadratic funding.
Sums
Stablecoins Flippen Ether Transfers on Ethereum: The gap between stablecoin transfers and ether transfers on Ethereum has continued to widen, withĀ stablecoin transfers far outpacing those of ETH,Ā wroteĀ Ryan Watkins of Messari.
Argent Integrates DSR: Argent smart walletĀ integratedĀ with MakerDAOās Dai Savings Rate.Ā
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DeFi has a data availability gap that nobody is talking about: Ganesh Swami
Compound is alleging a DeFi startup stole its code: The Block
Wednesday
Dives
0x Enters the Dex Aggregator Game: With so many decentralized exchanges popping up,Ā aggregators are increasingly needed. 0x launched its 0x APIĀ for developers to access liquidity from different dexes.
Sums
Is Winning the Lottery the Safer Bet?: Traders stand to earn more in Pool Togetherās āno-lossā lottery than by gaining interest via depositing funds on Compound Finance,Ā according to Ankit Chiplunkar, lead researcher for TokenAnalyst.
A Better Fundraising Model: Letās bring back fundraising to crypto, but without all the misaligned incentives and scams of ICOs,Ā proposes crypto investor David Iach.
ETH 2.0 Client Nimbus Receives $650k Grant: The Ethereum Foundation has granted Nimbus $650,000, for it to continue developing infrastructure for Eth2.0.Ā
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šCommunity Loveš
Thanking all the amazing defiers for the support and love this week (and always)!
The DefiantĀ is a daily newsletter focusing on decentralized finance, a new financial system thatās 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 at $10/month or $100/year, while free signups get only part of the content.
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About the author: Iām Camila Russo, a financial journalist writing a book on Ethereum with Harper Collins. (Pre-order The Infinite Machine here). I was previously at Bloomberg News in New York, Madrid and Buenos Aires covering markets. Iāve extensively covered crypto and finance, and now Iām diving into DeFi, the intersection of the two.