Auros Misses $3.1M Loan Payment on Maple Finance

By December 2, 2022DeFi
Click here to view original web page at thedefiant.io

Hello Defiers! Here’s what we are covering today!

Auros Misses $3.1M Loan Payment on Maple Finance

News

Podcast

DeFi Explainers

Video

Today’s Sponsors

Opolis is a digital employment cooperative providing Web3 contributors with automated payroll in dollars and crypto, W2s, affordable benefits and tokenized rewards. Learn more
Minima is a new mobile-native layer 1 blockchain. Join over 400,000 node runners on Minima’s Incentive Program, to start earning $MINIMA every day until Mainnet launch. Get started at minima.global/get-involved
Metis Andromeda is a permissionless & secure Ethereum Smart Layer 2 creating the decentralized finance foundations for the web3 economy. Bridge Free & explore our ecosystem during our first anniversary!
DeFi should be better – and it’s about to get radically better with Radix. Get your free ticket to join RadFi2022 on December 8 and learn what the future holds for decentralized finance. Find out how!
Chainalysis, the leading blockchain data platform. Download your copy of the 2022 Geography of Cryptocurrency report to access original research on crypto adoption around the world. Download today!

News

FTX Fallout

Pool Delegate M11 Credit Cites FTX Exposure

Auros, a crypto trading firm which claims on its LinkedIn profile to account for a “significant proportion of global cryptocurrency volume,” has missed a loan payment of 2,400 wrapped Ether (wETH), worth $3.1M as of Nov. 30. The news comes via M11 Credit, the counterparty which made the loan.

The Merge

Ropsten Testnet to be Decommissioned This Month

Ropsten, the first public testnet to support Ethereum’s transition to a Proof of Stake system, will be shut down this month, the Ethereum Foundation announced Tuesday. The Merge went live on Ropsten in June in an important step forward for the most important upgrade in Ethereum’s history. Ropsten’s remaining validator nodes will stop supporting the network between Dec. 15 and Dec. 30.

Sponsored Post
Fabricant Cover Image

The Fabricant defies bear market with the launch of Wholeland: The ultimate Web3 fashion experience

The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene.

The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion house in 2018. It sold the first ever digital garment on blockchain for 54 ETH in 2019.

Wholeland is described as a digital fashion story and visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops.

Access to Wholeland can only be gained through minting one of The Fabricant’s pieces of AR facewear, called XXories, that act as a key to the wider experience.

Anyone can apply to Join the waitlist to mint an XXorie through The Fabricant website.

FTX Crisis, SBF Speaks

‘I Have a Duty to Talk to People,’ Disgraced Founder Says Despite Threat of Self-Incrimination

The swift collapse of FTX was a “massive failure of oversight, of risk management,” disgraced founder Sam Bankman-Fried said in a live interview Wednesday evening. The hour-long virtual interrogation, which capped off the New York Times’ annual Dealbook Summit in New York City, was Bankman-Fried’s first live appearance since a run on customer deposits forced FTX to halt withdrawals and eventually file for bankruptcy.

DeFi Explainers

A Step-by-Step Guide to the Transaction Verification Tool

Thanks to their distributed structure, blockchains tend to be slow. If a single transaction has to be verified across thousands of Ethereum’s nodes, this also makes the network expensive to use. Layer 2 systems are a potential answer to this issue, with rollups as the most popular scaling method. Zero-knowledge (ZK) rollups use the minimum data necessary to verify transactions by unburdening Ethereum from excess network workload. This makes Ethereum both faster and cheaper.

Defiant Video

Podcast Video
Podcast Video

All Today's Crypto News In One Place