849963dd 0a9b 4ea7 9bb6 f9467eacf1c1 880x495

🏛 U.S. Permits Tornado Cash Users to Access Crypto Deposits

Hello Defiers! Here’s what we’re covering today:


🎙 Listen to the exclusive interview with Stani Kulechov in this week’s podcast

Trending in The Defiant

The open economy is taking over the old one. Subscribe to keep up with this revolution. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

🙌 Together with: 

Nexo’s fundamentals-first model helps you secure your assets and grow your wealth. The company now provides an increased insurance on custodial assets of $775 million. Learn More!

ZetaChain is the first public L1 blockchain that natively connects with any chain and layer including Bitcoin and Dogecoin without wrapping or bridging assets. Dive into the docs to start building the future of multichain.

Thales is your way into OP Summer! Simple, novel, and easy-to-understand markets: UP or DOWN? IN or OUT? The choice is yours. Try it now. No registration needed.

Crypto Regulation

🏛 U.S. Permits Tornado Cash Users to Access Crypto Deposits

Authorities Say Users Need License to Retrieve Funds From Sanctioned Mixer

By Samuel Haig  

LICENSE U.S. residents with crypto trapped on Tornado Cash may now apply for a license from the U.S. Treasury Department to retrieve their funds.


Market Action

😫 Macro Trumps The Merge As Crypto Dives After Hot Inflation Data

Stocks Had Their Worst Day Since June 2020

By Aleksandar Gilbert

TUMBLING Worse-than-expected U.S. inflation numbers sent global markets tumbling Tuesday despite mounting excitement over the Merge, the most significant upgrade to Ethereum in its seven-year history.


Sponsored Post

Trailing Stop now available to MakerDAO and Liquity users

Fans of Maker and Liquity protocols can now rely on the advanced trailing stop strategy for managing their DeFi positions using DeFi Saver, an all-in-one dashboard for sophisticated DeFi management. 

A trailing stop is a dynamic type strategy that allows users to configure a percentage drop from peak market value that would trigger the full closing of a position once reached. While with a standard Stop loss, a position would get closed at a fixed price, a Trailing stop actively follows any upward market movements by the set percentage, instead continuously increasing the stop price.

The new strategy is another in the series of automated trading strategies introduced to MakerDAO and Liquity by DeFi Saver, following Stop loss and Take Profit. Setting up is straightforward. Existing Maker and Liquity users need to visit DeFi Saver and switch to the Automate tab in the dedicated protocol dashboard. Users just need to input the percentage that they want the stop price to be below the reached market peak and to select the asset to which they want their position to be closed (e.g. collateral asset or debt asset).

A trailing stop is a great method to reduce losses or lock in profits. For example, when one is using these lending protocols to go long on ETH. It’s recommended to combine a trailing stop with a standard stop loss to further minimize potential losses in case of a market downturn. Users can find both of these options available in the dedicated protocol dashboards within the DeFi Saver app.

Check out the new Trailing Stop automation for Maker and Liquity by DeFi Saver.

NFT Fundraising

💰 Doodles NFT Project Raises $54M At $704M Valuation

Funding Round Led By Alexis Ohanian’s Seven Seven Six

By Owen Fernau

POPULAR After over a month of silence on Twitter, Doodles are back with a bang. The popular NFT project announced a $54M raise on Sep. 13 that values Doodles at an eye-popping $704M. Alexis Ohanian, the co-founder of Reddit, led the funding round through his venture firm Seven Seven Six, according to Forbes.


Defiant Video

📺 Tutorial: Stake Your ETH After The Merge


🔗 S. Korean Court Issues Arrest Warrant Against Terra Co-Founder Do Kwon: CoinDesk

A South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the Financial Crimes Unit of the Supreme Prosecutors Office.

🔗 ‘WAGMI’ Is Dead: Pplpleasr, UnicornDAO, TIME President Weigh in on NFTs: Decrypt

Are we all gonna make it? Probably not—and some Web3 proponents don’t even want people using the term “NFTs” anymore. 

Trending in The Defiant

🧑‍💻 ✍️ Stories in The Defiant are written by Owen Fernau, Aleksandar Gilbert, Samuel Haig, and yyctrader, and edited by Edward Robinson, yyctrader and Camila Russo. Videos were produced by Robin Schmidt and Alp Gasimov. Podcast was led by Camila, edited by Alp.

Free subscribers to the newsletter get:

  • Daily news briefings
  • Sunday Weekly recap
  • General chat on The Defiant’s Discord server

👑Prime defiers get:

  • Full transcript of exclusive podcast interviews
  • DeFi Alpha weekly newsletter on how to put your money to work in DeFi by yyctrader and DeFi Dad
  • Weekly live DeFi Alpha call with yyctrader
  • Inbox Dump edition of The Defiant newsletter every Saturday with all the PR that didn’t make it to our content channels
  • Exclusive community calls with the team
  • Subscriber-only chats on The Defiant Discord server
  • Full access to The Defiant’s content archive

Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button below ($15/mo, $150/yr).

You can start a prime membership for free right now with this link. You’ll get full access for 7 days. It’s 100% risk-free.



, ,