Important DeFi News
Jito, a liquid staking protocol on Solana, had its $JTO airdrop claim today. 10% of its total supply is airdropped to community members with 11.5% float circulating initially
Starknet Foundation has recently given confirmation that the snapshot for its $STRK airdrop has been taken. It is speculated that mainnet will go live on 22nd January 2024 and token TGE would happen 10 days before mainnet launch
Jupiter Exchange, the main Solana DEX, has announced the airdrop for $JUP. 40% of its 1B total supply will be distributed to eligible wallets
Arbitrum DAO approved a $23M backfund for projects that were initially approved for the STIP grant but did not receive the funds due to the initial 50M token budget. $GNS is the largest recipient with $4.5M $ARB
Aevo, an options and perpetuals DEX announced $aeUSD, a yield-bearing stablecoin backed 95% by $sDAI with a 4.75% APY. The stablecoin can be used as collateral for trading on the platform. The protocol has also launched spot swaps, allowing users to convert their collateral between $ETH, $wBTC, and stablecoins within the app
Mantle, an L2 built on Ethereum, announced $mETH, a non-custodial $ETH liquid staking product. Currently, 43.5k $ETH is staked, earning 3.9% APY
$LINK v.02 Staking Early Access starts later today, followed by the General Access 4 days later
$YFI V3 has launched on Polygon, deployments on other chains is expected to happen soon. The upgrade mainly introduces revenue sharing with $veFYI stakers
Celestia, a data availability network, has introduced a fallback feature for OP Stack L2s to post block data on Ethereum in the event that the protocol experiences service disruptions
Blur’s NFT marketplace had an 80% market share over Ethereum in November, marked by Pudgy Penguins hitting an all-time-high of 11 $ETH
Balancer, an Ethereum AMM has announced V3, bringing an overhaul of its underlying architecture and introducing native yield-bearing technology among other things. It is expected to release early Q2 2024
Parsec, a blockchain analytics platform, has launched a multi-chain block explorer
Matcha, a DEX aggregator has launched cross-chain swaps, users can now swap tokens directly across seven chains while tapping into liquidity from more than 100 DEXs
Gyroscope, a stablecoin protocol is set for mainnet launch this week, $GYD is built with automated risk diversification rules with the goal of being the safest stablecoin on-chain
Hashflow DEX 2.0 has gone live, introducing smart order routing for more competitive price quotes and an expansion to Solana
Worldcoin, a digital identity network, has launched its community grants program allocating $4.8M worth of $WLD to the program
$APT will unlock 9% of the circulating supply worth $180M on December 11th
Governance Proposals
Synthetix’s founder has posted a proposal to end $SNX inflation
Evmos DAO is discussing a proposal to burn 132.3M $EVMOS tokens worth $13M, introduce a fee burn mechanism, and the reduction of token inflation from 26.7% to 8.9%
CoW DAO is discussing a protocol fee computation in order to enable fee sharing with $COW token holders
Lyra DAO is voting on its V2 economics, involving the distribution 150M $LYRA to users trading on the protocol over 24 months
Aave DAO is taking a temperature check to deploy 1M $USDC into Maple Finance’s cash management pool with the potential of increasing the allocation to the RWA strategy over time
Qredo DAO is discussing the rebrand of $QRDO to $FUZE upon the launch of Fusion Chain on Cosmos
News
BlackRock and Bitwise updated their $BTC ETF applications on Monday, signalling ongoing discussions with the SEC. BlackRock has also received $100k as seed capital to fund the creation units underlying its potential $BTC ETF. In related news, Greyscale’s CEO is optimistic about the approval of its spot $BTC ETF following recent discussions with the SEC
SEC has delayed its decision on Greyscale’s spot $ETH ETF to 25th January 2024
MicroStrategy purchased an additional 16.13k $BTC for $593.3M in November bringing its total holdings to 174.53k $BTC at an average price of $30.25k
Seattle judge accepts Binance CEO’s guilty plea
Terraform Labs and Do Kwon have failed to throw out a Singapore class action lawsuit
Brazil has been reported to be imposing 15% crypto earnings tax on assets held with international exchanges
Coinbase has rolled out a money transfer service for users to transfer funds via link sharing
Robinhood has rolled out its crypto trading app in Europe. In other news, crypto trading volume on the platform surged 75% in November
Binance’s VIP traders were reportedly privy to the exchange’s $4.3B settlement with US authorities back in September
North Korean linked Lazarus Group was reported to have stolen $3B in crypto over the past six years
Cristiano Ronaldo is facing a $1B class action suit over his commercial relationship with Binance
French bank Societe Generale issued its first tokenized green bonds on Ethereum