Important DeFi News
dYdX V4’s code has been released, and the protocol will operate as a Cosmos appchain featuring revenue-sharing with $DYDX stakers
$POL, Polygon’s $MATIC token upgrade has gone live on Ethereum mainnet, paving the way for its 2.0 roadmap. Upcoming milestones include launching a staking layer for Polygon L2s, upgrading from PoS to zkRollup, and enabling interoperability between L2 protocols built on it
Celestia has introduced Blobstream, a modular update that will stream Celestia’s data availability layer to Ethereum. The update will enable the network to increase data throughput
Astrid Finance, the first EigenLayer-powered liquid staking protocol, has gone live. The protocol currently supports staking of $stETH, $rETH, and $cbETH
Yearn Finance has announced its tokenomics revamp, distributing $10M of previously bought $YFI for increased rewards to $veYFI holders and introducing $dYFI as gauge rewards
Rollbit will release a new PvP game with a component recreating RuneScape’s Duel Arena’s negotiation phase, allowing users to negotiate stakes with no restrictions
Infinex, a UX front-end layer for perpetual DEXes, has launched governance farming. $SYN stakers will also receive points via an airdrop. Users who traded on popular centralized exchanges are awarded governance points retroactively, and users can stake native exchange tokens to earn more points
Swell, an LST protocol, has launched super $swETH, a vault to repeg $swETH to $ETH currently trading at a 2% discount
Stacks Foundation, a smart contracts L2 built on $BTC network, has introduced $sBTC, a token that can be bridged between network layers
Linear Finance is set to re-open Linear 2.0 and introduce AI into its operations after a recent exploit
Gravity, a hybrid derivatives exchange featuring perpetual and options trading products, is set to launch as zkSync’s first Hyperchain
CoW Swap has introduced gas-less approvals, allowing users to sign an approval message and swap in a single flow
Prisma Finance has raised its total debt cap from $30M to $40M, and is set to launch their token $PRISMA soon
SushiXSwap V2 is live, featuring universal $USDC and cross-chain swaps without bridging between Ethereum, Arbitrum, Optimism, Base, Polygon, Avalanche, and BNB Chain
TProtocol, a RWA liquidity protocol, has announced its $TPS tokenomics featuring revenue sharing with stakers
Sentiment, a lending and borrowing protocol, is set to launch V2 in Spring 2024. The update will feature isolated liquidity pools managed by third parties assisted by trading bots for users
Timeswap’s token pre-mine is live, with users able to farm $TIME by interacting with USDC/ARB Genesis pool
Sudoshort, an NFT yield protocol built on Sudoswap, has been announced, featuring NFT borrowing and shorting mechanisms
Amnis Finance, a liquid staking protocol on Aptos, is live, and is currently offering the highest yield in the Aptos ecosystem with 7% APR
Station Labs introduced Gas Pass, an ERC-4337 and ERC-6551 tradable NFT that sponsors user’s gas fees. The Gas Pass is currently being used by Linea to boost ecosystem activity
Cypher Protocol, a Solana DEX, has launched their IDO, with 50% of $CYPH supply being released directly to the market
QiDAO 2.0 is live, and its $QI token can now be traded natively on Ethereum Network
Maestro, a Telegram trading bot, was exploited for 280 $ETH. Affected users will be fully compensated by the team
Astar, a zkEVM network powered by Polygon, has launched its zKatana testnet
Safereum devs has conducted a $1.3M exit scam hours after a $600k raise
Governance Proposals
Bancor DAO is discussing using protocol-owned 1.8k $ETH to buy back and burn $BNT
Aave DAO is discussing onboarding DigiFT and allocating $3M $USDC to buy short-term US Treasury Bills
Arbitrum DAO is discussing new changes in previous $ARB staking proposal
Sperax DAO is discussing establishing protocol owned liquidity by selling $SPA bonds at 5% to 10% capped at $1k a month
Synthetix DAO is voting to deprecate pDAO, the current governing body, and establish the Risk Council, a new governing body. The proposal is currently on track to fail with 50% of voters voting against it
Osmosis DAO is discussing allocating 300k $OSMO to incentivize $TIA liquidity on the DEX
Lido DAO has received a proposal to deploy $wstETH on zkSync
Polygon is discussing establishing a 13-member protocol council to supervise smart contract upgrades
News
SEC has dismissed charges against Ripple, and is working on $BTC ETF filings
SEC is set to re-review Grayscale’s bid for spot $BTC ETF as they submit a new $BTC ETF bid for approval
Lightning Labs rolls out Taproot Assets, enabling the issuance of digital assets on $BTC and Lightning Network. Meanwhile, a developer has highlighted a potential vulnerability for the Lightning Network that places funds at risk
BlackRock iShares spot $BTC ETF has been listed on DTCC website, but was delisted a day later
US Treasury has designated international crypto mixers as money laundering hubs
Ledger, a crypto wallet maker, has launched controversial feature Recover amid privacy criticism
Binance is set to halt European Visa debit card services, and has onboarded new fiat partners for Euro deposits and withdrawals following Paysafe separation
Worldcoin is set to reward orb operators with $WLD instead of $USDC
Coins.ph, a Philippines centralized exchange, was exploited for 12.2M $XRP worth $6M
Singaporean court has authorized soul-bound NFTs for wallets associated with hacks
Coinbase is set to establish their EU hub in Ireland, and has permitted non-US retail customers to trade on their platform
Steller, a payments blockchain of nine years, is set to add smart contract functionality to its blockchain through their Soroban project
Injective has launched Injective Nexus, a data integration and availability layer built on Google Cloud
SK Telecom, a Korean telecom giant, has partnered with CryptoQuant to release a crypto wallet
FTX creditor claims has risen above $0.50 in some OTC deals
Marinade Finance, Solana’s largest protocol, has started blocking UK users due to UK regulatory restrictions
Deutsche Bank and SC Ventures completes first stablecoin swaps on $UDPN
CipherBlade, a blockchain investigations firm, founder has sued the new management over hostile takeover
Ark Invest has sold a total of $9.3M Coinbase and GBTC shares in recent price rallies
Tweets of the Week
An Optimism deep dive by Redacted Research
Frax Finance deep dive by Jake Pahor
$DOT unlock analysis by Joo
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