{"id":366179,"date":"2021-11-12T22:15:00","date_gmt":"2021-11-12T19:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/"},"modified":"2021-11-12T22:15:00","modified_gmt":"2021-11-12T19:15:00","slug":"finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/","title":{"rendered":"# Finance Redefined: ENS airdrops token, and SEC\u2019s Crenshaw speaks on DeFi, Nov. 5\u201312"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a231fc908e04\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a231fc908e04\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/#%E2%80%9CThe_DAO_space_has_matured%E2%80%9D_says_ENS_director_of_operations\" >\u201cThe DAO space has matured,\u201d says ENS&#8217; director of operations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/#SEC_commissioner_advocates_for_greater_DeFi_regulation\" >SEC commissioner advocates for greater DeFi regulation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/#DeFi_protocol_Moonbeam_close_to_1B_raised_in_Polkadot_parachain_auction\" >DeFi protocol Moonbeam close to $1B raised in Polkadot parachain auction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-ens-airdrops-token-and-secs-crenshaw-speaks-on-defi-nov-5-12\/#Token_performances\" >Token performances<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Finance Redefined: ENS airdrops token, and SEC\u2019s Crenshaw speaks on DeFi, Nov. 5\u201312  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Welcome to the latest edition of Cointelegraph\u2019s decentralized finance (DeFi) <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter.<\/p>\n<p>Ethereum Name Service announced a retroactive token airdrop this week to a fanfare of crypto enthusiasts. If you h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en to own a .eth domain, read on to discover how you can claim your eligible tokens.<\/p>\n<p>What you\u2019re about to read is the smaller version of this newsletter. For the full breakdown of DeFi\u2019s developments over the last week,\u00a0subscribe below.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<h3><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_DAO_space_has_matured%E2%80%9D_says_ENS_director_of_operations\"><\/span>\u201cThe DAO space has matured,\u201d says ENS&#8217; director of operations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Domain protocol Ethereum Name Service distributed its native ENS governance token this week in an airdrop event to early adopters of the protocol and announced the formation of a decentralized autonomous organization, or DAO.<\/p>\n<p>Users who registered Ethereum addresses, such as Cointelegraph.eth, were granted a sum of ENS tokens dependent on the date of domain registration and length of renewal fees, in addition to other engagement parameters. The claiming window for tokens lasts until May 4, 2022 to allow the maximum opportunity for applicable claimants. All details on claiming can be read\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ens.mirror.xyz\/5cGl-Y37aTxtokdWk21qlULmE1aSM_NuX9fstbOPoWU\">here<\/a>.<\/p>\n<p>In the days following the announcement, major cryptocurrency exchanges Binance, KuCoin, Uniswap and SushiSwap, among others, started accepting the token on their platforms for an array of trading activities. <\/p>\n<p>The ENS token has experienced major volatility since launching as a flurry of investors seek to secure their unrealized profits. The asset reached an all-time high price of $85.70 but has since fallen to $54.19 at the time of writing. <\/p>\n<p>Cointelegraph spoke to Brantly Millegan, director of operations at Ethereum Name Service, for an exclusive insight into the protocol\u2019s privacy details:<\/p>\n<blockquote><p>\u201cENS is an open public protocol. The core components of ENS are decentralized and self-running, but there are a few things that require some human discretion.\u201d<\/p><\/blockquote>\n<p>DAOs promote a decentralized, open-source model of governance that is owned and managed by the active individuals within the community, rather than a handful of signatories. Projects emerging within the nonfungible token, or NFT, space are adopting the model to encourage their holders to stake assets in a bid to increase the floor price of their collection.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SEC_commissioner_advocates_for_greater_DeFi_regulation\"><\/span>SEC commissioner advocates for greater DeFi regulation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>United States Securities and Exchange Commission Commissioner Caroline Crenshaw published an opinion piece this week outlining the \u201cpanoply of opportunities\u201d in the DeFi space, alongside expressing a level of caution regarding the lack of regulatory clarity and foreshadowing the challenges that DeFi is expected to pose.\u00a0<\/p>\n<p>Titled \u201cDeFi Risks, Regulations, and Opportunities\u201d and published in the debut edition of <em>The International Journal of Blockchain Law<\/em>, the piece argues that investors in the digital asset industry require greater legislative protection akin to traditional markets, a sentiment echoed in Crenshaw\u2019s speech at the \u201cSEC Speaks\u201d conference in October.<\/p>\n<p>Despite being a core pillar of decentralization since the inception of Bitcoin (BTC) in 2009, Crenshaw also argues that participants in the DeFi space tend to prioritize financial gains over pseudonymity:<\/p>\n<blockquote><p>\u201cIn moving to DeFi, I suspect most retail investors are not doing so because they seek greater privacy; they are seeking better returns than they believe they can find from other investments.\u201d<\/p><\/blockquote>\n<p>She continues on to suggest that projects that adhere to the SEC\u2019s regulatory framework can expect a higher probability of success going forward.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>How to spot a rug pull in DeFi \u2014 6 tips by Cointelegraph<\/em><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"DeFi_protocol_Moonbeam_close_to_1B_raised_in_Polkadot_parachain_auction\"><\/span>DeFi protocol Moonbeam close to $1B raised in Polkadot parachain auction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DeFi protocol Moonbeam is in pole position to claim victory in Polkadot\u2019s inaugural  10-project parachain auction. The bidding, which commenced on Nov. 11 and is scheduled to run until Nov. 18, has attracted approximately 75,000 participants, who have staked over $2.5 billion in DOT tokens.\u00a0<\/p>\n<p>Polkadot parachains are distinctive layer-one blockchain networks operating in parallel to the main network, in addition to being connected to the Polkadot Relay Chain. They can be implemented across a number of sectors from decentralized finance to smart contracts.<\/p>\n<p>Earlier this week, Acala was leading the way in the auction but has since been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/parachains.info\/auctions\/polkadot-1-5\">overtaken<\/a> by Moonbeam in what has become a two-horse race. The two protocols have accumulated 20.3 million DOT and 17.2 million DOT, respectively \u2014 equivalent to a colossal $980 million and $797 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Polkadot&#8217;s first parachain has been added <\/p>\n<p>Referendum 41 has passed registering the Shell parachain on Polkadot, to ensure block production, inclusion, and finalization. The Shell parachain has extremely limited functionality: it does not even have the notion of accounts.<\/p>\n<p>\u2014 Polkadot (@Polkadot) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Polkadot\/status\/1456540282464444424?ref_src=twsrc%5Etfw\">November 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In early October, Polkadot council members passed a governance proposal in a unanimous decision, following confirmation from Polkadot founders Gavin Wood and Robert Habermeier that the network could support such initiatives. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Token_performances\"><\/span>Token performances<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Analytical data reveals that DeFi\u2019s total value locked has increased<strong> <\/strong>3.85% across the week to a figure of $174.76 billion.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/a463905b-af30-4910-9888-c0f3768bbc8b.png\"><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/markets\/cryptocurrencies\/defi\/\">TradingView<\/a> shows DeFi\u2019s top 100 tokens by market capitalization<strong> <\/strong>performing\u00a0considerably well<strong> <\/strong>across<strong> <\/strong>the last seven days.<\/p>\n<p>Loopring\u2019s LRC secured the podium\u2019s top spot with a seismic 179%.<strong> <\/strong>Basic Attention Token (BAT) came in second with<strong> <\/strong>16.5%, while Avalanche\u2019s AVAX came third with 7.95%. The fourth and fifth places were claimed by Chainlink\u2019s LINK and Wrapped Bitcoin (wBTC), with 5.23%<strong> <\/strong>and 3.8%, respectively.<\/p>\n<p><strong>Analysis and hot topics from the last week:<\/strong><\/p>\n<ul>\n<li>DeFi can be 100 times larger than today in 5 years<\/li>\n<li>\u2018In the next three to five years, the DeFi industry will grow massively,\u2019 says 1inch Network co-founder Anton Bukov<\/li>\n<li>How to spot a rug pull in DeFi \u2014 6 tips by Cointelegraph<\/li>\n<\/ul>\n<p><em>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us again next Friday for more stories, insights and education in this dynamically advancing space.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/finance-redefined-ens-airdrops-token-and-sec-s-crenshaw-speaks-on-defi-nov-5-12\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Finance Redefined: ENS airdrops token, and SEC\u2019s Crenshaw speaks on DeFi, Nov. 5\u201312 &#8221; Welcome to the latest edition of Cointelegraph\u2019s decentralized finance (DeFi) newsletter. Ethereum Name Service announced a retroactive token airdrop this week to a fanfare of crypto enthusiasts. If you happen to own a .eth domain, read on to discover how&#8230;<\/p>\n","protected":false},"author":1,"featured_media":366180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNmUxNTE3MzQtNzU1MC00MmI0LWE0OWYtN2YyZDNiMDZlODEwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[84148,74894,74983,74868,74891,75168,74898,72287],"class_list":["post-366179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-airdrop","tag-blockchain","tag-decentralization","tag-defi","tag-ethereum","tag-polkadot","tag-sec","tag-security"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=366179"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/366179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/366180"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=366179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=366179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=366179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}