This Week’s Fundamentals
$LDO announces V2 upgrade with permission-less node operation and a staking router, improving decentralization and enabling $stETH redemption for $ETH at a 1:1 ratio
SEC targets crypto staking, driving a short-term shift to decentralized solutions
$rETH was approved as a collateral asset on Aave with a 100% majority in off-chain voting. On-chain voting ends on February 12th
Starknet open-sources prover and lists $STRK on Coingecko, sparking airdrop rumors
a16z failed to block the Uniswap proposal to deploy on BNB as other delegates stepped in and voted in favor of it, highlighting the community's support for the deployment on BNB Chain
Spark Protocol is launched by the Maker Protocol, focusing on growth and offering Spark Lend built on Aave V3 for enhanced lending to Maker
$GMX reaches $100B in total trading volume across Arbitrum and Avalanche
$CFX off-chain burn proposal goes live, reducing circulating supply by burning storage collateral in refunds
$AAVE's stablecoin $GHO testnet goes live on Ethereum
$Y2K's LSD vaults launch, allowing users to bet against $stETH de-peg
Binance suspends USD bank transfers
Cryptex Finance's $JPGEZ goes live on Arbitrum. It is a NFT market cap index token
$UMAMI CEO sells all his positions, crashing the price by 70%. However, the project is still in development and passed over to the DAO
$ANGLE gold stablecoin deployment temperature check proposal approved
$TRX introduces an AI-oriented payments framework for AI systems such as ChatGPT
Perpy announces a partnership with Buffer Finance, allowing users to have direct access to copy trading, stocks and forex. The $PYR public sale is also set to happen soon
PlutusDAO integrates with CamelotDEX and FactorDAO
Vela Exchange, a perpetual DEX on Arbitrum, beta goes live with early user airdrop
$PRIMAL mainnet goes live. It is an athlete token project with Move2Earn mechanics
$MARS goes live on Osmosis, making it its first lending protocol
Next Week’s Fundamentals
$MATIC zk-EVM mainnet launch is expected in a few weeks
$BLUR airdrop is set to happen on February 14th. Many have rumored that this may spark an NFT narrative
$SNX V3 is expected to launch soon
12.4% of $SAND's supply unlocking on February 16th
$rETH to be onboarded on AAVE V3 soon as the on-chain voting has 100% approval
$SD ETHX beta testing for home stakers goes live on February 13th, with a 4 $ETH bonding requirement, the lowest in the LSD space
$RNDT V2 goes live on Feb 16th, featuring improved tokenomics and support for 20+ new assets
$THE, a DEX on BNB Chain, has a sizeable upcoming burn on February 15th
$CRV stablecoin launch is expected to launch soon
$GMX synthetics launching soon
$UNIDX V3 is launching soon, aiming to become the most liquid perp DEX
Edgeway, a web3 content creator platform, launches on February 20th
Tweets of the Week
How to use Token Gawd Mode by 0xYakitori, a Nansen-like dashboard built on Dune
Analysis of $ETH stakers and their willingness to sell by korpi
Invalidation of the Fat Apps Thesis by Jason Choi
In-depth analysis into ETH withdrawals post-Shanghai upgrade by Data Always