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Aave is the leading decentralized liquidity protocol. Aave governance has greenlighted the development of GHO – a decentralized, collateral-backed stablecoin that will be native to the Aave protocol. Launching on testnets soon! |
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Lumerin is revolutionizing Bitcoin mining with a decentralized marketplace for buying and selling hashpower. Help us test the network in beta and earn real BTC hashpower to sell, trade, or mine. Find out more |
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DeFi should be better – and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how! |
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Chainalysis, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. Download today! |
News
DeFi Lending
MakerDAO to Liquidate Overleveraged Vaults and Absorb $1.3M in Bad Debt
USDC, USDP and GUSD Vaults Affected
By Samuel Haig
MakerDAO, the largest DeFi protocol with $6.4B in total value locked (TVL), has said it will liquidate heavily leveraged vaults in a bid to prevent the protocol from accruing excessive bad debt.
Read the full story on The Defiant
Ethereum
Paradigm Accused Of Copying Code For Rust-Based Ethereum Client
Erigon To Wind Down Support For Akula
By Samuel Haig
On Nov. 24, Erigon announced that it is winding down support for Akula, a Rust implementation of OpenEthereum. The team said they decided to sunset the project after becoming aware of a competing product from an entity with incomparable resources and influence.
Read the full story on The Defiant
Sponsored Post
Waves.Exchange has rebranded to WX.Network and now it is more than a decentralized exchange. Since its launch five years ago, services have expanded and Waves.Exchange became a robust platform for self-sovereign crypto management with a suite of investment tools in a convenient interface.
In just 2 clicks, you can start your own token right from the platform user interface. Get the verification for the token and launch your own liquidity pool.
WX.Network team wants to welcome new projects, so they are giving away up to $70,000 to those users who start the best tokens, with real utility!
You should just be clear on the use case for your token and create something of value that people would actually want to use.
- Go here to the token creation page (create an account first)
- Fill in the form describing your token economics
- Click “Create Token:
- Your token is created and you’re entered into the lottery
- The campaign will run until December 1st
FTX Crisis
The ‘DEF CON Scenario’: Investors Eye Digital Currency Group After FTX’s Implosion
Genesis Reportedly Considering Bankruptcy As Funding Proves Elusive
As FTX collapsed — and the tide came in — builders, investors, aficionados and just about anyone with a passing interest in cryptocurrencies wondered: who else had been swimming naked?
All eyes are now on Digital Currency Group (DCG).
The crypto conglomerate, whose subsidiaries include some of the biggest names in the industry, is tottering in the wake of FTX’s bankruptcy.
Read the full story on The Defiant
Layer 2s
Layer 2 Gas Usage Up 170% in 2022 as Adoption Surges
Arbitrum Continues to Lead Sector After Nitro Upgrade and OpenSea Integration
By Samuel Haig
Ethereum’s Layer 2 (L2) ecosystem is seeing record network activity despite the bear market, with the monthly gas spent on settling L2 transactions set to post its second consecutive all-time high.
Read the full story on The Defiant
NFTs
US ApeCoin Holders Will Be Blocked From Official Staking Website
Eleventh-Hour Decision Riles BAYC Community
Residents from several countries including the United States and Canada are prohibited from accessing ApeStake.io, the official website for staking APE tokens.
Read the full story on The Defiant
Defiant Video
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Thankful for Crypto
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Weekly Recap: MetaMask Is Tracking You
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- Source: https://thedefiant.io/investors-eye-digital-currency-group-after-ftxs-implosion/
