📺 What if Credit Suisse was a Crypto bank?
Hello Defiers! Here’s what we’re covering today:
Trending in The Defiant
The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
🙌 Together with:
Ref Finance: Largest DEX on NEAR. DeFi Hub of NEAR. The DEX connecting across many chains. Efficient liquidity to users. Accumulative trading volume $4.7B+.
Grey Pledges to Help DEX Move Past Tumultuous Period and Scale Up
By Samuel Haig
ELECTION After months of debate and controversy, the community of SushiSwap has finally elected a new “head chef” to lead the decentralized crypto exchange.
Move Is A Vote Of Confidence In Crypto’s Largest Stablecoin
By Owen Fernau
NEWS Skepticism about whether USDT is fully backed by reserve assets has been around since 2017. Despite this, crypto’s largest dollar-pegged stablecoin, with a $68B market capitalization, has continued to make inroads into DeFi. The latest example is a governance proposal from lending protocol Euler Finance, which will allow the protocol to accept USDT as collateral for loans.
The Walking Dead series may be coming to an end, but the Dead continue to live on in Web3. After two public sell outs of their NFT collections, Orange Comet will be releasing their Metaverse-ready, 3D hand-sculpted avatars of some of the favorite characters from the TV series. On October 5, two 5K piece mints (one public, one passholder only) will go on sale.
The Avatars feature fan-favorites Rick, Daryl, Michonne (with her pets), Carol, Mercer and more. These high-quality digital collectibles are one of the required NFTs needed to activate the gamification of the upcoming ‘The Walking Dead Lands’ metaverse; a post-apocalyptic open-world build-and-earn experience.
The cost for the public mint will be $80, priced in ETH immediately before the mint, and if you’re a Walker Access passholder, there will be an additional 0.02 ETH discount. So even if your favorite show may be ending, get your wallets ready so you can stay connected to the TWD community.
Collectors Snapped Up Nearly 440,000 .eth Names Despite Bear Market
ALL-TIME HIGH Demand for .eth domains remains strong despite the ongoing market downturn. Ethereum Name Service (ENS) had a stellar September as both registrations and renewals hit all-time highs above 437,000 and 45,000 respectively.
Users Lend to Wintermute and SBF-Backed Folkvang in Early Moves
By Owen Fernau
DERIVATIVES Institutional investors just got one more high-risk way to play the crypto market. On Oct. 3, Ribbon Finance, a DeFi derivatives platform, launched an offering called Lend that allows users to make unsecured loans to institutions.
A Step-by-Step Guide to the Costs of Using Ethereum
OUTSIDE MONEY For a system to be decentralized, it must be self-funded. In other words, there is no need for outside money to make it work. Self-funding must be incentivized to be effective.
FEES This is the core concept of public blockchain networks, from Bitcoin to Ethereum. Every time people use these networks to transfer tokens or use dApps, they pay a transfer fee to either miners or validators. Ethereum popularized the term “gas fee,” but it all started with Bitcoin.
Celsius Network founder Alex Mashinsky withdrew $10mn from the crypto lender just weeks before the company froze customer accounts as it spiralled towards bankruptcy, according to people familiar with the matter.
🔗 Crypto Exchange Coinbase Fixes Technical Problem That Temporarily Halted Payments and Withdrawals From US Bank Accounts: CoinDesk
Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.
Trending in The Defiant
Winklevoss Offers MakerDAO Deal But Christensen May Be Underwhelmed MakerDAO, the leading DeFi protocol, is increasingly being tempted by tantalizing offers from major centralized players.
Vasil Upgrade Could Finally Unlock DeFi on Cardano Cardano, the world’s fifth-largest blockchain by market capitalization, might be on the cusp of a DeFi revolution — if anyone still wants to build on it, that is.
Olympus Slashes OHM Inflation In Bid For Sustainability Once the poster child of the “DeFi 2.0” movement, Olympus DAO has had a rough year.
🧑💻 ✍️ 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 Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.
Free subscribers to the newsletter get:
Daily news briefings
Sunday Weekly recap
General chat on The Defiant’s Discord server
👑Prime defiers get:
Full transcript of exclusive podcast interviews
DeFi Alpha weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad
Weekly live DeFi Alpha call with yyctrader
Inbox Dump edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels
Exclusive community calls with the team
Subscriber-only chats on The Defiant Discord server
Full access to The Defiant’s content archive
Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).
You can start a prime membership for free right now with this link. You’ll get full access for 7 days. It’s 100% risk-free.