Today in DeFi - Binance Being Probed, FAANG Index, and More

Binance Being Probed by CFTC

Binance is being probed by the CFTC as to whether it has allowed US users to trade derivates. It is not clear whether this will or result in anything, since Binance’s derivatives are technically off limits to US users. However, it does show that centralized exchanges will always face these kinds of limitations and existential threats.

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Mirror+SET Release FAANG Index

Mirror Protocol @mirror_protocol

1/ @SetProtocol x @mirror_protocol @SetProtocol, Ethereum-based platform for tokenized index tooling, launches a custom #FAANG index set for 5 major tech mAssets - @Facebook, @amazon, @Apple, @netflix, and @Google!

tokensets.comTokenSets - Asset Management SimplifiedUse Set’s battle-tested asset management tools and infrastructure to easily manage your crypto portfolios.

Synthetic stock protocol Mirror and crypto Index project Set Protocol have worked together to launch a FAANG index. DeFi users can now own a synthetic index tracking Facebook, Apple, Amazon, Netflix, and Google.

BDP Drama

kendrick @kendrick_tn

PSA: The rewards period in @bigdataprotocol have ended, resulting in bug where users cannot claim their rewards as they're minting `0` tokens

Popular farm Big Data Protocol had a smart contract bug where rewards could not be claimed, as well as a UI bug where users could not remove their funds.

Big Data Protocol @bigdataprotocol

1/4 1. ALL FUNDS SAFU. You can withdraw from seed pools safely 2. Unclaimed $BDP rewards cannot be claimed. We'll make this right + airdrop $BDP rewards to those affected 3. $bALPHA, $bALPHA rewards + liquidity pools not affected. Nothing else is affected 4. We keep building

The UI bug has been fixed, but the rewards bug still exists, however the team will airdrop BDP to those affected.

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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned