DEFI Journal
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Since 2018, Defi Journal has been talking about the future of money and investment, highlighting the transformations in society and culture that are happening to them.

Contact: @cryptadvbot
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1/ Some thoughts on ethereum's L2s

Are L2 tokens positive-sum with ETH? Yes

Will L2s drive significant fees & value to ETH? Yes

Is there an urgent need for L2s to launch tokens and pursue other L1-style growth initiatives? Yes

It's going to be a big year for L2s vs. alt L1s

https://twitter.com/RyanBerckmans/status/1476032294771171332
⚡️Robinhood plans to launch beta crypto wallets in January as HOOD drops to $17🚀

The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said.

Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022.

In a Wednesday blog post, Robinhood said tens of thousands of users currently on the waitlist for the trading app’s crypto wallet would have access to the beta version starting in mid-January. The trading app said more than 1.6 million people were waiting for the wallet, which will support depositing and withdrawing Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE) and other tokens.

The trading app has been testing its digital wallet feature since it was first announced in September, completing its first alpha transfer — using DOGE — on Nov. 22. According to Robinhood chief operating officer Christine Brown, the beta rollout would be focused on the security of users, as well as providing education on crypto transactions and clarity around network and gas fees.

https://cointelegraph.com/news/robinhood-plans-to-launch-beta-crypto-wallets-in-january-as-hood-drops-to-17
🔥 Aave all set to build a mobile wallet 🚀

Aave, an open source and non-custodial liquidity protocol is building its mobile wallet.

This helps the users in earning interest on deposits and borrowing assets.
69 crypto theses for 2022...

https://redphone.substack.com/p/69
🔥 Airbnb could soon add support for cryptocurrency payments 🚀

Online hospitality marketplace Airbnb could be on track to add cryptocurrency payments.

Chesky asked his Twitter followers for Airbnb-related suggestions. After skimming through thousands of tweets, he concluded that crypto was clearly in the lead.

More Detail 👉 Click Here
News about Givetime.io. A project where they plan to unite blockchain, science and medicine.

Usually when there is a real product behind a project, when it releases products and solutions, it can be powerful. To make sure this is possible:

- we recommend that you look at the white paper on the project website
- read an interview from the founder of the project
- check the announcement on Yahoo finance
The Presale of the token is slated for 01/03/2022. That is, it has already begun.

Start presale - 03/01/2022
End of presale - 10/01/2022
Soft cup volume - 100 BNB
Presale price - $0.008
Pancakes start - 11/01/2022
Exit price to pancakeswap - $0.01

* For a week, the token will already have + 25%

Project chat https://t.me/givetimechat
🚨😳 Animoca Brands’ Lympo NFT platform hacked for $18.7 million 🚨

▶️ Sports NFT minting platform and Animoca Brands subsidiary Lympo suffered from a hot wallet security breach and lost 165.2 million LMT tokens worth $18.7 million at the time of the hack.

▶️ A short Medium update from the Lympo team stated that on Jan. 10 hackers managed to gain access to Lympo’s operational hot wallet and “stole a total of approximately 165.2 million LMT from it.”

▶️ LMT price tumbled 92% to $0.0093 after hackers transferred then sold the loot from the project’s hot wallets.

https://cointelegraph.com/news/animoca-brands-lympo-nft-platform-hacked-for-18-7-million?utm_source=Telegram&utm_medium=social
🚨 7 IDO protocol has been rugged

PackShield has recently detected a total of seven IDO protocols to be rugged.

The rugged protocols include $GOTEM (gotEM), $ONEP (HarmonyPad), $HBARP (HbarPad), $MPLAY (MetaPlay), $ELIT (Electrinity), $PEE (MicroPee) and $QDrop (QuizDrop) with more than 5,744 WBNB.

The funds have been deposited to Tornado Cash, a non-custodial anonymous transaction on Ethereum.

https://twitter.com/PeckShieldAlert/status/1481088699593261056?t=pYZeUf6FLKTOVtw_Hdp0dA&s=19
🔥 Ethereum 2.0 deposit contract surpasses $30B in value 🚀

▶️ The Ethereum 2.0 deposit contract currently contains 9,403,649 ETH, or about $31 billion.

▶️ This deposit contract allows users to transfer funds from Ethereum mainnet to Beacon Chain, a parallel Proof-of-Stake network.

▶️ Ethereum is expected to switch to Proof-of-Stake with a proposed merge with Beacon Chain, tentatively scheduled in June 2022.
🔥 Opera releases beta version of its new Web3 crypto Browser 🚀

Opera, the Norway-based company behind the popular internet browser, has released the beta version of its new Crypto Browser Project.

This crypto browser aims to facilitate the user experience of browsing DApps, games and metaverse platforms by offering direct access to Web3 services for Windows, Mac and Android users. 

The new browser will also maintain the security features while integrating direct access to decentralized exchanges and NFTs as well as Telegram and Twitter support.
Robinhood's new crypto wallet sees 2 Million traders on the waitlist 🚀

Robinhood, the financial services company with a popular trading app, recently launched Crypto Wallets.

This new product has already added 2 Million customers to its waiting list.

The company has also added Crypto gifting and company Q&A as additional features.
Crypto Winter Part 2? Not Even Close.

Note: This is based largely on a dispatch I am sending to readers of a paid, investment newsletter I write. But the topic — the crypto price downdraft this weekend — is something that impacts my readers here, too. So, I am posting this version, with some slight variations.

https://jeffopdyke.medium.com/crypto-winter-part-2-not-even-close-45e3f2927593
🔥 ​​Centrifuge wins Polkadot’s eighth Parachain slot auction with $98.8M secured

Centrifuge, a decentralized and asset lending protocol wins Polkadot's eighth parachain slot auction securing around $98.8M from over 15k network stakeholders.

The network will be onboarded at block #9,388,800 at the beginning of lease 7 with the other winners from auctions 6-11.

Centrifuge network provides access to fast, cheap capital for small businesses and stable yield for investors.

https://twitter.com/Polkadot/status/1486739406560059398?t=n1hSai7FWwC7rKeQGc9dLA&s=19
he Sandbox Partners with Warner Music Group to Create a Music-themed World

With this partnership, Warner Music Group (WMG), one of the world’s biggest music companies, marks its first steps into the NFT and metaverse realm. To mark the occasion, The Sandbox will hold a LAND sale at a later date, which will allow music fans to buy coveted LANDS adjacent to the WMG property.

👉 medium.com/sandbox-game/the-sandbox-partners-with-warner-music-group-to-create-a-music-themed-world-in-the-metaverse-e3d0853eee7d
If you thought these early phases of the NFT bull run was insane, wait until NFT tokens for the pfp projects come out

Tokens catalyze:
1. Wealth effect
2. New capital inflow from those looking for NFT exposure

Capital inflows will be unlocked from

1. Institutional investors uncomfortable with investing directly into NFTs, but more comfortable with tokens
2. Retail that can't afford top tier PFP NFTs but are fans of the project

https://twitter.com/rewkang/status/1487872688303583241?s=21
The first Cross-Chain governance proposal is approved on Aave 🚀

Aave, a DeFi borrowing and lending platform, passed the first cross-chain governance proposal.

The total value locked on Aave is estimated to be around $12 billion.

An executed proposition on Aave, which is based on the Ethereum network, was delivered to the Polygon FxPortal, according to its developers.

The method then reads the Ethereum data and sends it to the Polygon network for validation.

https://twitter.com/AaveAave/status/1488277649235791874?t=b5vYLLPSVdTnq2s-TeOchA&s=19
🔥 Monster Galaxy to launch the new staking portal 🚀

Monster Galaxy, a creature taming & battling game is all set to launch its new staking portal for the Galaxy Gem token $GGM.

Date: 6th February at 1 PM PST

The program will allow users to earn interest on their holdings by locking them for a predefined period.

$GGM tokens are used within the Monster Galaxy P2E universe, mainly as an in-game currency for purchasing Mogas, weapons, consumables, tools and loot boxes.