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News
Crypto Crackdown
Aave and Maker Pull Back From Paxos Stablecoins
Fallout From ‘Tricky Situation’ at Stablecoin Issuer Hits DeFi Protocols
By Samuel Haig
Top DeFi protocols Aave and MakerDAO are distancing themselves from Paxos-issued stablecoins after New York state’s Department of Financial Services ordered the firm to stop minting new BUSD tokens on Feb. 13.
Read the full story in The Defiant
Market Action
Klaytn and Filecoin Defy Feds’ Crackdown With Big Gains
‘China Narrative’ May Be Boosting Certain Tokens
By Owen Fernau
Not all crypto sectors have been dampened by the recent barrage of regulatory action coming out of the U.S. this week. KLAY, the native token of the Klaytn, a blockchain whose team is positioning as a metaverse-oriented platform, was up 23% on Friday and 62% in the last seven days, according to CoinGecko. That’s the largest gain of any of the largest 100 digital assets in that time span.
Read the full story in The Defiant
Sponsored Post
ZKX is building the first perpetual futures exchange on Starknet with self-custody and true community governance. The exchange plans to raise the DEX game by leveraging account abstraction and low transaction cost to provide a new generation DEX that is as scalable as a CEX.
Excitingly, they just dropped their new gamified Community Incentives Program called ZKX Yakuza. Think of it like a universe with 8 characters, and storyline linked to specific initiatives. You can navigate this universe as a Contributor, Ambassador, or Testnet trader and earn exclusive NFTs and future ZKX tokens.
For Season 1, they are looking for a group of fearless Contributors and Ambassadors who can help them grow the DAO and shape the direction of the protocol with them. It is a world where hierarchy matters and every member strives to climb up the ladder to earn their rightful place. To immerse yourself in the world of Yakuza, and earn some sweet rewards while doing it, check out their recent blog to participate, follow them on Twitter, join the ZKX Discord, and visitzkx.fi
Defiant Video
Weekly Recap
Are Stablecoins Securities ?!
Podcast Video
DeFi, Fantom, Regulations, and the challenges of being a niche micro celebrity with Andre Cronje
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Explainer
How to Use Lido on Arbitrum and Optimism
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- Source: https://thedefiant.io/daily-defiant-aave-paxos-maker/