Today in DeFi - Zeus Liquidated, Serum IEO, Adamant Shuts Down

Zeus Capital Liquidated

A wallet suspected to belong to activist investor Zeus Capital appears to have been liquidated of over $10M.

Linksaka @HsakaTrades

Wait, did Zeus/Nexo actually put their money where their mouth is and short $LINK heavy? It wasn't a psyop to engineer an infinite bid? Holy shit Strap in gentlemen. debank.com/portfolio/0x10…

The wallet 0x108e4bfd9cda6243e1de53b71d08a0111974efc1 took out a loan of 1.56M LINK($17M at the time) against $21.97M of USDC.

Around 4:30PM UTC(00:30 on the above chart), the price of LINK rose past the liquidation point of $11.28. The account was then liquidated of 9.1M worth of USDC collateral for 738K of LINK. Assuming a price of $11.28 at time of liquidation, this landed the liquidator a potential $765K profit.

Serum IEO Finishes - Oversubscribed

SBF @SBF_Alameda

The FTX $SRM IEO is complete! It was oversubscribed, with thousands of tickets at the maximum bid price. The 1,200 tickets were randomly allocated between them. We've also sent everyone who participated 1 free SRM token :) Results are in your wallet! You can now xfer funds.

Serum, an upcoming DeFi project by FTX, completed its IEO, and seemed to have been heavily oversubscribed. It will list on FTX at 9:30pm HKT on Tuesday August 11th.

Built on Solana and designed by FTX, Serum is backed by a heavyweight list of funds and crypto companies.

Is this DeFi? More importantly, does it matter (as long as number go up) ?

Find out more about Project Serum on the project site.

The Block @TheBlock__

EXCLUSIVE: Tuur Demeester's bitcoin alpha fund Adamant Capital has quietly shut down (via @Yogita_Khatri5)

theblockcrypto.comTuur Demeester’s bitcoin alpha fund Adamant Capital has quietly shut down - The BlockLongtime bitcoin proponent Tuur Demeester’s bitcoin alpha fund Adamant Capital has quietly shut down, The Block has learned.

In today’s last bit of drama, Adamant Capital, a bitcoin-focused fund by Tuur Demeester has shut down. Adamant joins Tetras Capital, a fund famous for shorting ETH.