Markets
Compartir este artículo

DeFi Degens Are Crypto’s Suicide Squad

A look at the subculture and ethos driving the white-hot DeFi space, which has grown from $2 billion to $9 billion in total value locked in just two months.

Por Nathaniel Whittemore
Actualizado 14 sept 2021, 9:52 a. .m.. Publicado 3 sept 2020, 7:00 p. .m.. 1 min readTraducido por IA
(innakote/Getty Images)
(innakote/Getty Images)

A look at the subculture and ethos driving the white-hot DeFi space, which has grown from $2 billion to $9 billion in total value locked in just two months.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

  • Traditional markets falter, led by tech stocks
  • Bitcoin falls under $11,000 for the first time since July
  • Stablecoins mint $100 million daily since mid-July

Our main discussion is about DeFi’s “degens.” NLW talks about:

  • The numbers behind DeFi’s recent run-up
  • What “degen” means in this context
  • Why degen is, in part, a reaction to previous bitcoiner critiques of Ethereum
  • Why degen is (in even bigger part) a reaction to a no-yield, artificially low interest world

See also: A Simple Explanation of DeFi and Yield Farming Using Actual Human Words

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

PodcastsDeFiThe Breakdown

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

Más para ti

XRP ETFs add $35 million as bitcoin and ether funds lost $2 billion in late May

Por Shaurya Malwa
hace 15 horas
(CoinDesk)

From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.

Lo que debes saber:

  • U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
  • Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
Leer la noticia completa