Binance Smart Chain hacked, Kim fined and MEV explained!

Learn about liquid staking!

Welcome to the #30th edition of DeFi Fridays!

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• Major happenings in the ecosystem: Binance Smart Chain hacked for over $600 million Kim Kardashian fined $1.26 million and Uniswap to raise $100 million+ in funding.

• A topic we explain: Some of the best resources to learn about Liquid Staking

• In this week's good reads:

  • A recap of all the crypto events that happened in September

  • Identity on the future of the internet, web3

  • How to extract the most value out of crypto

Some of the best Liquid Staking resources:

What is liquid staking:

• A simple thread on what liquid staking is. By @zoorkriid

Zoor Kriid @zoorkriid

What is liquid staking? A thread

• Understand liquidity staking from Johnny Time on YouTube:

Liquid staking allows the validator to stake their cryptocurrency without losing access to liquidity

• @Route2FI understands the importance of liquid staking:

  Route 2 FI @Route2FI

  can use for eg. going into a yield farm. During DeFi autumn 21’ this was a concept I was a huge fan of. Liquid staking is important because it solves the dilemma of staking vs liquidity by allowing stakers to remain liquid while securing the network. /13

• Explanation and discussion about liquid staking on CoinMarketCap

• Liquid Staking as a revenue model for DeFi by Bankless

  The Best DeFi Business Models

• Top liquid staking programs to look out for:

  

  Read here

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Major News in the Ecosystem:

⚠Kim Kardashian fined $1.26 million for undisclosed promotion of a crypto product

db @tier10k

The SEC today announced charges against Kim Kardashian for touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. She agreed to settle the charges, pay $1.26 million

sec.govSEC.gov | SEC Charges Kim Kardashian for Unlawfully Touting Crypto Security

🔰Uniswap to raise $100 million in funding

Wu Blockchain @WuBlockchain

Techcrunch: Uniswap Labs is engaging with a number of investors including Polychain and one of Singapore’s sovereign funds to raise an equity round of $100 million to $200 million at a valuation of about $1 billion.

techcrunch.comUniswap Labs eyes over $100 million in new fundingUniswap Labs, the parent firm of the popular eponymous decentralized protocol, is putting together a new round, sources say.

⚠Binance Smart Chain (BSC) hack

CZ 🔶 Binance @cz_binance

An exploit on a cross-chain bridge, BSC Token Hub, resulted in extra BNB. We have asked all validators to temporarily suspend BSC. The issue is contained now. Your funds are safe. We apologize for the inconvenience and will provide further updates accordingly.

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More Good Reads:

✍️A recap of all the events that happened in September

September Recap

✍️Identity on the future of the internet, web3

Composability Kyle @KyleSamani

0/ A thread on (web3) identity

✍️How to extract the most value out of crypto

Jon Charbonneau @jon_charb

In case you couldn't tell by my twitter feed, I've been looking at MEV lately This is my first MEV report of possibly several I plan to do ahead It gives a lay of the land today, how we got here, and looks ahead

members.delphidigital.ioDelphi DigitalDelphi Digital Members Portal

💎 Wait for Brew Findouts💎

In this edition - we’ve found a few not-so-hidden gems for our readers. 💎

Tools for crypto

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not sensible

not sensible is a weekly newsletter of intellectual essays and illustrated ideas to help you make sense of web3. Written and sketched by a doctor turned tech babe, Dr Ojuolape Kuti thoughtfully breaks down web3 concepts through the lens of psychology, philosophy, history and much more.

Check out its readers' favorites so far here.

That’s it for today, folks. See ya next Friday. 🧢

Disclaimer: Nothing included in DeFi Fridays should be taken as financial advice.