Oh &#%!@... Seriously!? Top DeFi Debacles of 2021

Oh &#%[email protected] Seriously!? Top DeFi Debacles of 2021

There were many WTF moments in DeFi this year. Here's some choice debacles.
Yearn Finance Changes Up its Tokenomics and YFI Soars 85%

Yearn Finance Changes Up its Tokenomics and YFI Soars 85%

Yearn Finance has soared following a change in its tokenomics.
0xMaki Says he 'Won’t be Returning' to SushiSwap as it Wallows in a Leadership Crisis

0xMaki Says he 'Won’t be Returning' to SushiSwap as it Wallows in a Leadership Crisis

resigning. One of token holders biggest hopes throughout -- as price and volume slips -- has been that core developer 0xMaki would return. Those hopes may be dashed.
Enso Finance Plans Vampire Attack on Six Major Index Projects

Enso Finance Plans Vampire Attack on Six Major Index Projects

Enso Finance is planning a bold move to pick up customers — a vampire attack on leading index platforms.
Tokemak Onboards SushiSwap’s 0xMaki Amid Liquidity Direction Pre-Launch

Tokemak Onboards SushiSwap’s 0xMaki Amid Liquidity Direction Pre-Launch

SushiSwap co-founder 0xMaki has joined Tokemak as its new chief strategy advisor.
Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDT

Doomsday Scenarios in DeFi Revolve Around Stablecoins USDC and USDT

Doomsday scenarios in DeFi revolve around the strength of stablecoins such as USDC and USDT.
CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack

CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack

DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield. 
Bellwether DeFi Pulse Breaks Past $100B in Historic Moment for Decentralized Finance

Bellwether DeFi Pulse Breaks Past $100B in Historic Moment for Decentralized Finance

DeFi Pulse's bellwether DeFi Index crossed $100B for first time.
2020 DeFi Recap (So Far)

2020 DeFi Recap (So Far)

This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
Fantom Surges 90% in 30 Days to Hit All-Time High and Challenge Elite Layer 1s

Fantom Surges 90% in 30 Days to Hit All-Time High and Challenge Elite Layer 1s

Fantom's FTM token hit an all-time high this week and is a hot new entrant in the elite club of Layer 1 blockchains.
Jam Session #8: DEXs

Jam Session #8: DEXs

We’re chatting with the founders of today’s top AMMs about one of the core infrastructure pieces making up decentralized finance.
Shell Protocol Jumps into 'Concentrated Liquidity'  Just Like Uniswap and Curve

Shell Protocol Jumps into 'Concentrated Liquidity' Just Like Uniswap and Curve

When decentralized exchanges started to take off in 2019, the designs were very simple, but simplicity in these marketplaces might soon be a distant memory. The most successful category of decentralized exchanges are the automated market makers (AMMs), such as…
Yearn Finance Launches on Red Hot Fantom and Goes Multichain

Yearn Finance Launches on Red Hot Fantom and Goes Multichain

The yield aggregator, Yearn Finance announced last night that it has gone live on Fantom and incorporated the blockchain into the new version of its user interface. “The Realm of Multichain beckons. And Yearn has heeded the call,” Vany, a…
DeFi Powerhouses Curve and Aave Deploy on  Avalanche to Profit from Incentives

DeFi Powerhouses Curve and Aave Deploy on Avalanche to Profit from Incentives

Incentives work. Or at least they do in terms of wooing DeFi protocols to deploy on other blockchains.  Case in point, Curve Finance, the automated market maker, and Aave, the leading DeFi lending project, have each deployed their offerings on…
Liquidity Mining Set to Begin Friday on the Risk Tranching Gro Protocol

Liquidity Mining Set to Begin Friday on the Risk Tranching Gro Protocol

Everyone is looking for stronger yields in DeFi. Gro is a new yield platform that aims to offer boosted returns on leading stablecoins to users willing to accept some risk. Gro is set to launch liquidity mining shortly for its…
DAOs Accelerate Token Swaps in Push to Diversify Their Treasuries

DAOs Accelerate Token Swaps in Push to Diversify Their Treasuries

DeFi DAOs have made some serious cash in 2021 — but generally only in their native tokens. Now they’re looking to diversify. Fueled by a combination of rising token prices and an explosion in fee revenues as DeFi continues to…
Crypto is Hungry for a Political Leader From its Own Ranks

Crypto is Hungry for a Political Leader From its Own Ranks

The blockchain industry is ready for one of its own to join the U.S. Congress, whether it’s Messari founder Ryan Selkis or someone else. That’s judging by reactions on the floor of Messari’s conference, Mainnet 2021, taking place at the…
0xMaki Is Leaving Leadership at SushiSwap to Take on an Advisory Role

0xMaki Is Leaving Leadership at SushiSwap to Take on an Advisory Role

0xMaki is stepping down from leadership in the community-run decentralized automated market maker, SushiSwap, to take an advisory role in the decentralized autonomous organization, a person with knowledge of the matter told The Defiant. A statement from 0xMaki will come…

OpenSea’s Struggles Embolden Rivals with New Ways to Play Booming NFT Market

The insider buying scandal at OpenSea has hit just as a crop of rivals are circling the NFT marketplace leader.  On Sept. 15, a startup called NFTX launched what it called “the world’s most liquid decentralized marketplace,” meaning the exchange…
Jam Session #6: TradFi to DeFi

Jam Session #6: TradFi to DeFi

We’ll be talking with DeFi founders who made the move from big banks in traditional finance into the wild west of crypto. We’ll chat about what it was like leaving their comfy jobs, what convinced them to take the leap,…
Yearn Finance Backs Atlantis World to Draw Degens Into the Metaverse

Yearn Finance Backs Atlantis World to Draw Degens Into the Metaverse

What’s the answer to make decentralized finance more fun and immersive than its current incarnation of websites and bulletin boards? Apparently it’s community environments reminiscent of video games played on 1990s-era consoles. That at least is the bet DeFi portal…
CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH

CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH

New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP…
Defiant Degens: How to Earn Up to 16.5% Interest with Stablecoins on Orion Saver

Defiant Degens: How to Earn Up to 16.5% Interest with Stablecoins on Orion Saver

This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant and Head of Marketing and Portfolio Support at Fourth Revolution Capital.  Disclaimer: All opinions expressed by…
Sushi Won't Launch on L2 Optimism, Citing Preferential Treatment of Uniswap

Sushi Won't Launch on L2 Optimism, Citing Preferential Treatment of Uniswap

Sushi is drawing back from plans to deploy on Optimism after a dispute over the Ethereum L2 solution’s launch process. On August 11, SushiSwap CTO Joseph Delong announced that Sushi would be taking a wait-and-see approach to deploying on Optimism…

Podcast

Sushiswap Trident

Trident was first developed with the core focus of capital efficiency and cryptocurrency volatility protection using powerful, yet intuitive and easy-to-use, tools to provide DeFi with its new protocol standard. Our goal was to reinvent the wheel, without sacrificing user familiarity with Sushi’s newly revamped…

Yield Guild Games Raises $12.5M in 31 Seconds on Token Sale

Yield Guild Games, an investment DAO focused on the use of NFTs in virtual worlds and blockchain games, raised $12.5M in 31 seconds on July 27.  The launch, which happened on Sushiswap’s Miso token launch platform, caused a frenzy as only 32 wallet addresses bought…

Bare Knuckle Governance, Tales From the Streets ($UNI, $SUSHI $ADDY)

Governance has been dominating the conversation in recent weeks as DAO’s explode out of every orifice and big money decisions grip the communities of Sushiswap and Uniswap. Adamant shocked everyone by attempting to blacklist the wallets of Alameda Research. What’s going on in this new…

$YFI at One. Remembering One Hell of a Year.

YFI launched in 2020 as one of the most memorable DeFi protocols ever with its fair launch, tiny token supply and reluctant anti-hero Andre Cronje as a pivotal figure in just doing things differently. Since then $YFI has suffered hacks, merged, purged, grown, shrunk but…

Neon Labs' Solana Move Tempts Developers with Scaling Power

Neon Lab’s announcement that it will offer its Ethereum Virtual Machine scaling solution on Solana made quite a splash this week. It also prompted a cryptic response from 0xMaki, Sushiswap’s “fearless leader,” as he’s identified on the project’s website.   0xMaki responded to Neon Labs’ tweet…

Sushi Introduces Its Next Generation AMM Trident

Sushi has officially announced their next generation automated market maker (AMM) Trident.  While SushiSwap started out as a fork of Uniswap, the announcement explicitly states that Trident is a new AMM “and not a fork.” Trident will focus on capital efficiency (ie: the ratio between…

The Defiant's Definitive Guide to DeFi

The Defiant is the leading information company at the intersection of tech and money. It’s the only content platform producing unbiased, objective journalism, that’s focused on decentralized finance. We cover the news in this space day to day, across our newsletter, podcast, YouTube channel, and website.

This guide is meant to be a one-stop-shop to get started. These are all the DeFi basics you will need to start exploring the internet of money.