Important DeFi News
Manifold Finance announced $mevETH, a multichain liquid staking protocol that offers enhanced staking yield through MEV extraction
OpenEden, the first smart contract US Treasury Bills tokenized vault, went live
After AIP-1 backlash, ArbitrumDAO reached a consensus for better communication and transparency, implementing spending restrictions and a smart contract lockup schedule
$USDT stablecoin market share reached 60.8%, its highest level since May 2021, following $USDC and $BUSD plunges due to recent de-pegging and regulatory crackdowns
Mt. Gox creditors have until today to choose their repayment method, potentially signaling the start of $BTC liquidation for those preferring cash repayment
Coinbase Ventures joined Rocket Pool's Oracle DAO, receiving 15% of $RPL inflation rewards
$SHIB's Testnet, Puppynet, experienced a massive spike in activity, reaching 1 million transactions in over a week ahead of Shibarium's mainnet launch
Euler Protocol announced the recovery of hacked funds, marking it one of the largest recoveries in DeFi history
CowSwap introduced MEV Blocker, a free RPC endpoint offering MEV protection to users
StakeWise announced v3, introducing Vaults with modular staking features
Pancakeswap V3 launched, featuring concentrated liquidity and new tools with enhanced UX
Gem v2 is now OpenSea Pro, an NFT aggregator platform with 0% fees for OpenSea listings
dYdX private Testnet went live, starting its plans to decentralize the exchange on Cosmos
Otherside Relics, Gucci's NFT collection in partnership with Yuga Labs, goes live today at a starting price of 450 $APE for eligible users
$IOTX hard fork upgrade was implemented
Mugen Finance, a real yield protocol on LayerZero, announced Cross-Chain Swaps V1
Equalizer, a Fantom-based DEX, announced its V2, with increased security and UX
Lyra Governance V2 was announced, with a fully autonomous on-chain governance system
Alchemix $FRAX collateral vaults are now live, soft-capped at $1 million
Sentiment Protocol suffered a $1 million exploit, but $900k has since been returned
Wombat Exchange, a multichain stableswap protocol, launched on Arbitrum
Starknet alpha v0.11.0 successfully launched on Mainnet
Cascade, a Solana SVM rollup for the Cosmos ecosystem, went live on the Injective Testnet
ZKX, the first perpetual futures DEX with self-custody, is now live on Starknet
Evmos v12 launched, featuring major improvements in UX and security
Derivio, a zkSync derivatives protocol, launched its Testnet
Shimmer EVM Testnet went live
Caldera, a rollup-as-a-service protocol, launched its Testnet
Paima L2, a web3 gaming protocol, went live on Cardano
Governance Proposals
$ROOK has an ongoing proposal to dissolve the DAO and redistribute $44M in treasury assets to token holders at a 57% ratio
GMX has a proposal to partner with $LINK to provide price oracles in exchange for 1.2% of all $GMX protocol fees
Level DAO's proposal to transfer $200 million $LVL to the Treasury and reduce $LGO emissions by 27% was approved
Vesper DAO proposes reducing $VSP emissions by 27% and implementing a revenue split to remove bad debt in the Rari Fuse pool
Euler Protocol proposes reducing $EUL emissions by 30%
Aave is considering a proposal to deploy on BNB Chain, Starknet, and Polygon zkEVM
Olympus DAO has proposed deploying cross-chain native $OHM, starting with Arbitrum
HOP protocol proposes the launch of Hop Bridge on Polygon zkEVM
GMX proposes creating a mobile GMX Trading Module on the Modular Wallet, enabling users to interact with the protocol easily on their mobile phones
Next Week’s Alpha
$crvUSD is expected to launch soon, as it faces increased GitHub activity lately, as well as a leaked UI screenshot, which suggests an imminent release
$JOE Liquidity Book V2.1 is launching soon with improved capital efficiency, introducing features such as automated liquidity management, optimized gas fees, limit orders
$XRP lawsuit outcome is expected to happen soon
$SOL's Mobile Saga will launch on April 13th
$bLPS, the largest PlutusDAO's tokenomics upgrade, will launch soon, increasing token utility and rewards, while reducing inflation
$DYDX will unlock $15.2m on April 11th
$BIT will unlock $96.67M on April 15th
$GMX synthetics launch is rumored to happen in April, enabling the listing of new assets
$GRAIL v2 is expected to happen soon
Lodestar Finance, an Arbitrum Money Market Protocol, will go live on April 8th
NFT NYC, the largest NFTC conference, will take place from April 12th to 15th
ETH Tokyo hackathon, an ETH Global hackathon, will occur from April 14th to 16th
News
$DOGE surges as Twitter's logo is changed to its famous Shiba Inu image
LayerZero, an omnichain interoperability protocol, raised $120M at a $3B valuation
zkSync Era experienced downtime due to a spike in user activity following its mainnet launch
MEV Bots lose over $25M in a sophisticated attack
Binance's Australia Derivatives is shutting down, after its license was canceled by regulator
Ledger, one of the leading hardware wallets, raised $109M at a $1.4B valuation
Delphi Labs has raised $13.5M for its Web3 Accelerator
Argentinian airline, Flybondi, starts issuing tickets as NFTs on the Algorand Blockchain
Bitrrex exchange to shut down operations in the U.S. due to regulatory concerns
Unicef hatches plan for implementing a DAO structure after its crypto fund venture in 2019
Dune SQL, Dune Analytics default query engine, was announced
Kraken partners with the F1 Team Williams Racing to place the Bitcoin Whitepaper on the car
Metaco, a digital asset tech provider, secured a partnership with Liechtenstein VP bank
Alchemy Pay raised $10M from DWF Labs
Universal Frontend, a framework for generating frontend for every Ethereum contract, is now live
Larry Cermak joined The Block as CEO, with Wintermute's CEO, Evgeny, joining the board
Tweets of the Week
A thread on market making deals by Alex
frxETH analysis by Poopman
AIP-1 proposal overview by An Ape's Prologue
zkEVM Landscape overview by Tom Wan