Hello Defiers! Here’s what we’re protecting right this moment!
DeFi
Layer 2
NFTs
DeFi Explainer
Podcast
DeFi
MakerDAO
MakerDAO Founder Wants $14M To Fight Climate Change
Pregame Constitution Seeks To Allocate 20,000 MKR To Scientific Sustainability Fund
By Samuel Haig
Rune Christensen, the founding father of MakerDAO and former CEO of the mission’s now-dissolved basis, is asking the protocol for $14M price of MKR tokens to combat local weather change.
On Feb. 1, Christensen printed a draft of “The Maker Constitution” to the mission’s governance discussion board. The doc is described as a device for aligning “the political and operational interactions and processes that occur in Maker Governance.”
Read the complete story in The Defiant
Layer 2
Optimism
OP Hits Fresh Highs After Foundation Unveils ‘Bedrock’ Upgrade
Binance Launches BUSD Stablecoin On Layer 2 Network
By Samuel Haig
Optimism, the second-largest Layer 2 community, is scaling new heights, with each the full worth locked (TVL) on the community and its native OP token surging to file highs.
The Optimism Foundation proposed a serious improve to the protocol on Feb. 1.
Dubbed ‘Bedrock,’ the improve proposes to utterly rewrite the core parts of the Optimism structure and goals to “offer a new level of modularity, simplicity, and Ethereum equivalence for Layer 2 solutions.”
On Feb. 2, Binance, the main centralized change, launched its BUSD stablecoin on Optimism. The launch was BUSD’s sixth community deployment, following Ethereum, BNB Chain, Avalanche, Polygon, and Tron.
Read the complete story in The Defiant
Sponsored Post
JUKE is a brand new digital collectibles platform constructed particularly for movie & TV followers to have a good time the flicks and exhibits they love!
They’re going reside on Wednesday 2/01 with their formally licensed Ace Ventura: Pet Detective Dynamic Posters that includes paintings by award successful movie poster artist Akiko Stehrenberger (DUNE, THE BATMAN, and many others). The collectible is an unique piece of artwork and Akiko’s first digital movie poster.
The digital collectible may also unlock the final word film and TV neighborhood managed by a crew of business veterans. Utility is, after all, prime of thoughts as JUKE simply introduced phygital “Connected Shirts” that includes the formally licensed paintings, out there solely for verified token holders to buy. They’ve partnered with Brightstream, an clever attire ecosystem connecting digital to bodily, to supply a singular interactive expertise for the JUKE neighborhood.
Anyone can affirm the authenticity of the shirt by bumping a built-in NFC chip embedded in a patch on the sleeve of the shirt. There will solely be as much as 1000 editions of the Common shirts and 200 editions of the Rare shirts made out there for buy.
Join the drop right here: ow.ly/X1aT50MEOyk
NFTs
NFT Lending
NFTfi Processes Record Number Of Loans In January
Nearly 18,000 ETH Borrowed In January
By Owen Fernau
NFT holders are borrowing greater than ever in opposition to their digital belongings, benefiting from the uptick in costs this yr.
NFTfi, a DeFi protocol which permits customers to listing their NFTs as collateral so as to solicit loans from would-be lenders, hit a file excessive of 4,399 loans disbursed in January. That’s practically double the earlier peak of two,481 loans reached final March.
Read the complete story in The Defiant
DeFi Explainer
Fixed Rates
What is Notional Finance?
A Primer on a DeFi Take on Fixed Interest Rates
By Rahul Nambiampurath
Notional Finance is an Ethereum-based lending and borrowing software. Notional has a few tips up its DeFi sleeve to automate permissionless fixed-term loans in addition to fixed-term rates of interest.
Read the complete story in The Defiant
