🚀 Uniswap Votes to Launch V3 on zkSync
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NFT games are ‘only scratching the surface' of what's possible — Animoca's Yat Siu: CoinTelegraph
Binance launches $500 million fund to provide loans to Bitcoin miners: The Block
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Uniswap + Layer 2s
🚀 Uniswap Votes to Launch V3 on zkSync
Leading DEX to Deploy on Layer 2 After Raising $165M in Funding Round
By Samuel Haig
PROPOSAL Acting on a governance proposal by students from the University of Pennsylvania, Uniswap v3, the top decentralized exchange by trade volume, will deploy on the zkSync Layer 2 network following a vote on Oct. 14.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Stablecoins
💵 Tether Drops Commercial Paper From USDT Reserves
Majority Of Reserves Allocated To U.S. Treasury Bills
By yyctrader
NEWS Tether, the company behind USDT, crypto’s largest stablecoin with a market capitalization of $69B, has completely eliminated commercial paper from its reserves.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
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DeFi Fundraising
🦄 Uniswap Fulfills its Unicorn Destiny with $165M Funding Round
Leading DeFi Player Joins Elite Club of $1B+ Ventures as Members Deploy DEX on Another Network
The DeFi company famed for its unicorn logo has finally become a real life unicorn. On Thursday, Uniswap Labs, the company behind the leading DEX Uniswap, raised a whopping $165M in a Series B fundraising round, according to an announcement.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
NFT Roundup
🎭 Anthony Hopkins’ Metaverse Debut Sells Out in Seven Minutes
OpenSea Adds Avalanche Support in Heady Week for NFTs
By yyctrader
FIRST FORAY Oscar-winning actor Anthony Hopkins made his first foray into NFTs on Thursday, and collectors snapped up the 1,000 NFTs on sale within a matter of minutes.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Defiant Video
📺 Quick Take: 4 DeFi Projects Get Hacked in 1 Day
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📺 Friends with Benefits - the community that uses crypto, not a crypto community
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Coinspect is the information security company that’s been protecting crypto since 2014. Their team of experts conducts in-depth security audits of smart contracts, wallets, and blockchain systems.
DeFi Explainers
🤔 What Is TVL?
A Step-by-Step Guide to a Key Metric in DeFi
LOGIC Total value locked (TVL) is one of the key indicators to help us understand the value of a smart contract protocol. Smart contracts recreate traditional finance by codifying contractual logic and automating it.
👉READ THE FULL STORY IN THE DEFIANT.IO👈
Elsewhere
🔗 NFT games are ‘only scratching the surface' of what's possible — Animoca's Yat Siu: CoinTelegraph
Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what's possible and predicts completely new models of gaming will be developed as a result of digital ownership.
🔗 Binance launches $500 million fund to provide loans to Bitcoin miners: The Block
Binance has launched a $500 million fund to provide loans to Bitcoin miners struggling to cope with difficult crypto-market conditions.
Trending in The Defiant
SushiSwap’s Grey Rebuts Accusations Made ‘Without Any Substantial Evidence’ Jared Grey has said his piece. And yes, he addressed the horse. In a detailed response published on Thursday, SushiSwap’s new head chef rejected the extraordinary allegations leveled against him this week and defended his record and reputation.
Curve DAO Votes To Enable Permissionless Rewards Curve Finance, a decentralized exchange (DEX) that is DeFi’s third-largest protocol with $6B locked in its smart contracts, has concluded a governance vote to allow any project to add token rewards to its factory-deployed gauges.
Why MEV Matters and Other Post-Merge Revelations The Merge was undoubtedly the most significant Web3 network upgrade to date, with implications that go beyond switching consensus mechanisms and reducing energy consumption. In fact, this upgrade was the first step towards a future in which your Ethereum wallet pays you to use it.
🧑💻 ✍️ 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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📉 Arrakis Loses Mojo as User Pulls $300M From Vault Provider
Automated Liquidity Protocol Struggles with ‘Incredibly Complicated’ Model
By Samuel Haig
Arrakis Finance, an automated liquidity management protocol, is sliding down the DeFi rankings.
On Oct. 13, 0xngmi, a prominent crypto influencer and contributor to web3 analytics website, DeFi Llama, flagged that a user removed around $300M from Arrakis Finance’s DAI/USDC vault. The withdrawal reduced the pool’s TVL by more than 40% from $800M.
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