29 December

“Aave today added a new market using real world assets (RWAs). The initiative is in partnership with Centrifuge, a crypto company that lets businesses tokenize aspects of their operations such as trade receivables and invoices. Once tokenized, these assets can then be used as collateral to borrow cash.

Not only does this initiative offer lenders more markets to earn interest on their holdings, but it will also provide the businesses behind each of these markets to access liquidity they may not have had access to traditionally. With today’s launch of RWAs on Aave, another seven permissioned markets have opened up.

The RWA Market is a much-needed building block not only for protocols such as Aave, but across DeFi as a whole. The RWA Market bridges the regulated world of TradFi to the trustless world of DeFi.

A similar arrangement is already live on Maker, the protocol that mints and manages the DAI stablecoin.”

“FTX said it was exploring forming relationships with banks in different regions to allow users to have “near-instant and near-free deposits and withdrawals” through stablecoins.

The exchange floated the idea of offering a $1 million prize for the first bank in each region to accept the tokens but hinted it would be open to giving more. FTX said it aimed for an audience including but not limited to U.S. banks in calling for an agreement on stablecoins, and would be open to speaking to credit unions.”

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“Bitcoin dropped by more than 6% to under $48,000 during the U.S. trading day on Tuesday, despite continued muted spot market activities.

A total of 129,800 option contracts worth more than $6 billion are set to expire on Friday. The max pain point for Friday’s option expiration is $48,000. Bitcoin tends to move toward the “max pain” point in the lead-up to an expiration and sees a solid directional move in days after settlement.”

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“On Christmas, NFT traders awoke to an airdrop of SOS tokens – the governance token for the newly formed OpenDAO. The airdrop applied to any Ethereum address that purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of more than 850,000 addresses.

To be clear, OpenDAO has no relationship with OpenSea aside from targeting its user base with an airdrop.

According to a Dune Analytics, so far nearly 275,000 addresses have claimed the airdrop, with the median claim worth $125 at current prices. Despite the blazing-hot start for the project, however, multiple experts have cautioned that, due to exploit vulnerabilities and a hazy road map, SOS may already be on the downswing.

Shortly after the airdrop, multiple Ethereum developers raised red flags on social media concerning potential attack vectors in the project’s code – namely, the risk of a “rug” from the founding contributors. Fifty percent of the token supply is in the hands of three addresses controlled by the core team, and has no on-chain security guarantees – such as a time lock, vesting schedule or a multisignature wallet.

Hypothetically the team has the ability, at any time, to take these tokens and dump them on centralized and decentralized exchanges.