There’s a blue wave and we’re not talking about US politics; it’s the latest meme making the rounds in DeFi as tokens with blue logos are rallying ahead of the rest this month: That’s AAVE, YFI and SNX up at least 50% just in the past 10 days. Image Source: CoinGecko Top Gainers DeFi tokens…

Many decentralized finance applications broke down earlier today after a series of unfortunate events resulted in an outage on a key piece of Ethereum infrastructure.  The main lesson of the day is that a *decentralized* financial system shouldn’t be so reliant on a single provider.  Here’s what happened: Developers of Ethereum client Geth —one of…

DeFi tokens are rebounding after a slump in October amid increased coronavirus cases and election uncertainty, dragging down most financial assets. All of the major DeFi tokens are up today, enough to erase each of their losses in the past week. 0x’s ZRX and Uniswap’s UNI are the biggest gainers, both up more than 10%…

The deposit contract for Ethereum’s new proof-of-stake chain was released today. If ~524k ETH is deposited this month, the new chain will go live on Dec.1. Potential rewards for contributing to that pile of ETH are enticing, but as is usually the case with high returns, there’s also high risk. So far, 5.7K ETH from…

James Surowiecki’s The Wisdom of Crowds begins with a story of British scientist Francis Galton, who on a brisk autumn day in 1906 went to a fair where attendees could guess the weight of an ox. At the time, Galton believed that the average guess would be quite far from the actual weight, and thought…

In the previous episode of The Defiant there was a QR code embedded in the video. Had you scanned that code it would have brought you into a week-long NFT-based social experiment designed to test a simple question: ‘Are you greedy or are you cultured.’ We normally report the news in DeFi and blockchain but…

Non-fungible tokens, or digital assets representing unique and scarce items, have taken off in the past few weeks. So much so, that video producer Robin Schmidt and artist Simon Wan thought to do an experiment to find what is actually valuable, art attached to these tokens or their crypto component?  And that gets to a…

As has become all too common in DeFi, Yearn founder Andre Cronje is tinkering with a new project and speculators are rushing to buy its token —aka aping in— before it’s even live. The project, called Keep3r Network, is a decentralized coordination ecosystem for projects to find developers that will work on their upkeep. “Projects…

Social tokens are becoming a breeding ground for adoption, with major names in music and sports all trying their hands at the web3-native fan engagement mechanism. Just this past week, social token platform Roll announced a partnership with Akon for the Grammy-nominated music producer to introduce personal tokens to his Akoin community, including in the…

Harvest Finance, one of the latest DeFi projects to ride on the waning yield farming wave, was exploited over the weekend, shortly after its total value locked crossed the $1B mark. The hacker was able to drain $33.8M worth of stablecoins. Users can deposit a variety of stablecoins and governance tokens in the Harvest platform…