An Ape's Prologue Weekly (28 December)
Important DeFi News
Manifold Finance, a multichain MEV service liquid staking protocol, has announced V3, featuring enhanced blockspace auction, an mevETH Utility Token that captures surplus auction fees, and the launch of an OP-based L2
Ondo Foundation, a RWA tokenization protocol, has proposed tokenomics for their $ONDO token, featuring governance participation
Picasso Network, an interoperability and restaking protocol, is set to launch their own restaking protocol for Solana LSTs
Saturn, a P2P marketplace for $SATS, has launched V3, featuring improved UX, limit orders, and automated swap features
Dolomite, a trading and liquidity protocol, has launched $vARB, enabling users to use $ARB as collateral and simultaneously participate in Arbitrum governance
Stake DAO has partnered with Reserve to launch $USDC+, an overcollateralized yield bearing USDC basket currently backed by $fUSDC, Morpho $USDC, and Compound $USDC
Metis, an OP-based Ethereum L2, has seen a 312% growth in transaction count while TVL increased by 216% to $723M in the past week following the announcement of a $417.5M ecosystem fund scheduled for Q1 2024
MarginZero, a trading protocol built on top of Dopex V2, is set to conduct a retroactive airdrop at TGE for Dopex users
Polkadot has partnered with Unity Games, with Unity adding Polkadot to their verified solutions program for increased visibility to developers
BendDAO, a P2P NFT liquidity protocol, has announced lending and bridging support for BRC-20 assets
Merkle Trade, a gamified omnichain perp DEX, has launched V2, featuring instant claiming of rewards
IntentX, an OTC perps DEX, is set to launch V0.82 update featuring reduced spreads and fees, collateral shift to $USDC, and the introduction of funding rates
WINR Protocol, a gambling protocol, is set to for its first network expansion to Solana, and will launch in phases over the coming weeks
Hera Finance, a multichain DEX aggregator, has launched cross-chain staking of $HERA powered by LayerZero, and is set to launch V3 upgrade soon
Yeti Finance, a stablecoin protocol on Avalanche, is winding down their protocol, with $YETI holders able to claim 90% of treasury holdings at a current rate of 1 $YETI to 0.002629 $USDC
Etherscan has released a new feature, Multichain Portfolio, tracking the balance of addresses across 19 mainnet chains
Governance Proposals
MakerDAO is proposing to activate Lido Rewards Program worth 20 $stETH for $ETH markets in January 2024
PancakeSwap DAO is voting to reduce $CAKE total supply by 40% from 750M to 400M. The proposal is currently set to pass with 95% of voters in favour of it
News
A few of Mt Gox creditors have reported receiving fiat payments
The SEC has delayed Ethereum ETF decisions to May, while Bitcoin ETF approvals are tentatively set for Jan 2024
Grayscale has refiled their Bitcoin ETF application in the wake of Barry Silbert’s resignation as chairman
Paxos has received regulatory approval to expand their services to Solana
Microstrategy has purchased an additional $615M $BTC, bringing their total holdings to 189,150 $BTC worth $5.9B
Hong Kong regulators is set to consider spot crypto ETF applications, and has proposed mandatory licenses for fiat-backed stablecoin issuers
Japan is seeking to exempt company tax on unrealized crypto gains
South Korea to publicly disclose their government official’s crypto holdings
Worldcoin has launched in Singapore after pausing in India
Argentinian government to legalize currently undeclared crypto
Solana Saga phone has orders canceled following inventory management issue
Ark Invest has sold another $28M Coinbase shares and allocated $92M to ProShares Bitcoin Strategy ETF