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news
FTX Crisis: Solana
market
opinion
podcast
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The Defiant trend
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DeFi lending
To Owen Vernau
exposure The impact of the FTX collapse is just beginning, and among decentralized finance, platforms that enable unsecured loans will be the most affected compared to their secured counterparts with millions of loans. Easy and total value locking slide.
👉Read the full story on DEFIANT.IO👈
market behavior
rally The cryptocurrency market rebounded early Monday morning after Binance CEO Changpeng Zhao (CZ) proposed creating an “industry recovery fund” to invest in companies struggling in the wake of the FTX collapse.Major cryptocurrencies surge after Zhao publication Shortly after 1:30 a.m. New York time, despite few details about the proposed funding.
👉Read the full story on DEFIANT.IO👈
sponsored post
DeFi Saver An all-in-one dashboard to create, manage, and track positions with automatic liquidation protection, leveraging management options only from the most trusted DeFi protocol, Liquity.
Liquid, Interest-Free Borrowing Protocol Built on Ethereum Recently Introduced New Product Offerings Written by Defiant – chicken bondChicken Bonds are a new and innovative form of bonding mechanism in DeFi.
chicken bond Innovative joining mechanism Several Main advantage For those willing to join Liquity’s native stablecoin LUSD. In exchange for depositing and combining LUSD, the user will earn her boosted LUSD (bLUSD), a derived token.
The main advantages of combining LUSD instead of feeding into Liquity’s stability pool are: Amplification yield Users obtain from Liquity’s internal clearing mechanism and other liquidity sources such as Curve’s pools. Alongside increased liquidity for the LUSD stablecoin, the most important benefits for users are: Joining without time commitment or maturity. Users can withdraw their principal LUSD in full and I’m afraid I can’t Waive accrued interest at any time.Other options are chicken in You then waive your initial LUSD deposit and claim the bLUSD accrued.
As Liquity’s most comprehensive decentralized frontend, DeFi Saver continues its dedicated support with a dedicated Chicken Bond dashboard and advanced protocol actions and strategies. In addition to basic actions, DeFi Saver gives users the option to claim and sell her bLUSD, or re-secure (claim, sell, create new bonds). The DeFi Saver team is also preparing automation options for Liquity’s new innovations.
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FTX Crisis: Solana
To Taran Kaitan
bankruptcy Solana Foundation and Solana Labs disclosed Their asset exposure and trading history are related to bankrupt cryptocurrency exchange FTX and its sister trading company Alameda Research.
👉Read the full story on DEFIANT.IO👈
crypto exchange
To Samuel Haig
shift In response to FTX’s bankruptcy, a number of centralized cryptocurrency exchanges, including Binance, are racing to release data on their reserves and ease investor fears. But the shift has already created a cautionary tale that shows that the release of reserves data can expose problematic practices.
👉Read the full story on DEFIANT.IO👈
FTX: Survey
probe In its first significant filing for bankruptcy, FTX has confirmed that the U.S. Department of Justice and other federal and state agencies are investigating the exchange in connection with last week’s failure.
👉Read the full story on DEFIANT.IO👈
FTX Crisis: FTT Token
Migration Bankruptcy cryptocurrency exchange FTX forwarded Newly minted $400 million worth of FTT tokens were sent to an as-yet-unidentified wallet on Saturday night, sending the price of the token plummeting to new lows.
👉Read the full story on DEFIANT.IO👈
FTX Crisis: Solana
Pegs A wrapped version of Bitcoin and Ether on the Solana blockchain has lost its peg to the underlying assets following FTX’s bankruptcy filing. Bitcoin in Solana, or soBTCwas trading at $8,000, less than half of native Bitcoin. At one point he dropped to $4,000 per token.
👉Read the full story on DEFIANT.IO👈
exploit
robbery In one of the biggest heists in crypto history, hackers exfiltrated hundreds of millions of dollars in the night hours after failed crypto exchange FTX declared bankruptcy.
wallet There are 5 known wallet addresses involved in the exploit. one hacker Hooray According to crypto research firm ZachXBT, about $450 million was spent in cryptocurrencies, and about $200 million was spent on separate wallet pairs. According to ZachXBT’s estimates, the total outflow from the failed exchange is at least $650 million.
👉Read the full story on DEFIANT.IO👈
opinion
stable The world of decentralized lending has been rightly called the “Wild West”. Eliminating human oversight has allowed new protocols to offer impressive yields on many services, but at the heavy cost of reduced stability.
manipulator Many are beginning to realize the fact that this is unsustainable and unnecessary. market manipulator It regularly overwhelms individual investors. New mechanisms for leveraging legacy credit could restore balance, and decentralized cryptographic proof could ensure honest actors run the show.
👉Read the full story on DEFIANT.IO👈
shout out
Midas is an internal token of the . midas investment — A custodial staking platform that offers market-leading yields on a range of cryptocurrencies including BTC, ETH and USDC. Unlike other industry players, Midas has been very successful in weathering the crypto winter, avoiding liquidity issues while native tokens are arriving. New ATH.
After the announcement of the swap to Ethereum last week, the MIDAS token has reached a new ATH of $43.65.Currently more than $70 million to the MIDAS token on the platform 6,000 users. 22.2% Invested in MIDAS with APY.
defiant video
podcast video
The Defiant trend
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During the past week of events, the Solana network experienced no noticeable performance or uptime issues.
I’m not going to chop up words. The fraudulent collapse of FTX and Alameda Research is, in my estimation, the worst event in the history of the cryptocurrency industry.
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