EthHub Weekly #96

Spencer Dinwiddie tokenizes his NBA contract, Eth2 phase 0 v0.10.0 spec released, AZTEC completes ignition ceremony, Aave protocol is live and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

[SPONSORED] Enzypt is the best dapp you've probably never heard of!

In June of 2018 Flex Dapps wanted to figure out a good use case for IPFS. This led them to build Enzypt, a really clever dapp that encrypts your files client side, hosts them on IPFS and gives you an instant payment gateway to purchase them with crypto. It’s open source, private and peer to peer. It was pretty ahead of the curve in 2018, but they still knew it could be so much more.

Now it’s 2020 and the web3 community is bigger and better. At Flex, they now know way more about how to build good, user friendly dapps. So, they’ve decided to upgrade Enzypt and set a new, higher standard for dapps.

If you want to learn more about Enzypt and how you can support it, check out this twitter thread that the team posted last week.

🐝 A Busy Week for EthHub

Now that the holiday period is over we wanted to start revving up our efforts to update the EthHub documentation site. The first step in this effort was to post a few bounties on Gitcoin (view them here). We also have a new section on the website called ‘Guides’ which we’ll be adding to frequently. We’ll be posting more bounties and publishing more guides over the next few weeks!

Gitcoin Grants Round 4 CLR Matching is in full swing and the community has been very generous and active with over $47,000 being donated by 523+ unique community members. Want to support EthHub? You can find our grant here. At time of writing, a 1 DAI donation to EthHub is matched with 145 DAI as part of the CLR program - a 145x multiplier! Don’t forget to donate to your other favorite projects and individuals as well.

Have a great week everyone!


News of the Week

⚖️ Spencer Dinwiddie Tokenizing his NBA Contract on Ethereum

Brooklyn Nets player Spencer Dinwiddie said this week that his tokenized investment vehicle will launch on Jan. 13 in spite of the NBA’s threat to ban him from the professional basketball league. 

“The Spencer Dinwiddie bond launches January 13th. I’ll also be taking 8 fans to ASW with me. #NBAVote,” he tweeted on Jan. 10.

The bond will be issued with the help of security token platform Securitize, whose CEO Carlos Domingo announced the partnership on Twitter.

The idea first surfaced in Oct. 2019 when Dinwiddie announced his plan to roll out an Ethereum-based investment platform, DREAM Fan Shares, to sell 90 tokens called SD8 coins, Forbes reported. The scheme would allow him to instantly collect up to $13.5 million off of his $34 million guaranteed three-year contract. Token holders would then receive monthly payments in the next three years with a 4.95% base interest rate. 

🤔 Ethereum Researcher Virgil Griffith Indicted Over North Korea Event Appearance

Virgil Griffith has been released on bond shortly after being indicted over allegations relating to a conference appearance in North Korea last April.

In a court document filed in the Southern District of New York on Jan. 7, Griffith is charged by a grand jury with one count of conspiracy to violate the International Emergency Economic Powers Act.

Griffith was released on bail on Jan. 9, Inner City Press reported.

The defendant and others had conspired to breach the prohibitions of the act when Griffith provided services to the Democratic People's Republic of Korea without obtaining approval from the U.S. Treasury's Office of Foreign Asset Control, according to the indictment. The developer is also alleged to have attempted to evade U.S. legal requirements during his actions.

The document adds that one or more of the alleged co-conspirators is expected to be brought to New York and arrested.

Project Updates

Phase 0 spec v0.10.0 Released

This version of the eth2 phase 0 spec will be the one that undergoes all of the audits and be the base for the multi-client testnet!

What’s New in Eth2 - 10 January 2020

First update for the year from Ben and it’s packed full of goodies including an overview of the future of eth1, some notes on the phase 0 spec, recent testnet results and much more!

Vyper Compiler Audit Results

The security audit for the Python-based Vyper compiler was completed and returned two key results: there are multiple serious bugs in the Vyper compiler and
the codebase has a high level of technical debt which will make addressing these issues complex.

Aztec Completes Ignition

AZTEC has completed Ignition, the biggest MPC ceremony in history by number of participants. This means that confidential transactions on Ethereum will be launching this month!

Aave Protocol Now Live

Aave protocol has launched on the Ethereum mainnet and users can now take out flash loans using the platform. Flash loans allow users to borrow crypto instantly with no collateral requirement.

Plasma Group’s Next Steps

In this post, the Plasma Group’s members reflect on what they’ve accomplished over the last year of working together and discuss how the group will be evolving going forward.

Prysm Testnet v0.9.3 Released

This version of the testnet comes with a mainnet parameter configuration which means it’s now capable of handling the load of the eth2 mainnet.

Fuel Labs Releases Testnet

The first public testnet for Fuel, the “most efficient, scalable, and secure optimistic rollup chain on Ethereum” is now live and their code has been open-sourced.

Generalized MetaTransaction Contest Announced

MetaMask has posted a bounty that will pay out 20 ETH to anyone who implements a generalized MetaTransaction standard that could be added to any smart contract to allow MetaTransactions from any externally-owned (key-based) account.

Axie and MakerDAO Team Up

Axie is hosting a tournament titled ‘The Infinity Cup’ that has a prize pool of 2100 DAI & 10,000 LUNA. The tournament will be livestreamed and hosted by Axie’s COO and Growth Lead.

Namestack Launched

Namestack is a service to help users acquire and use blockchain names. The first product they’ve released enables users to buy and configure ENS domains in one single click.

Jonny Rhea Launches is an Ethereum specific search with the goals of making Ethereum content more accessible and allowing for autonomous control/maintenance.

Introducing ChainLink Pooling Zaps

You can now use zaps to retain 100% LINK exposure while still geenerating ETH <> LINK pool trading fees on Uniswap.

ZRX Portal Introduced

The ZRX Portal is a web interface where ZRX holders can delegate their tokens to staking pools set up by market makers.

NFT Proof-of-Work Newsletter Announced

This monthly newsletter serves as a single source that reviews the top three updates from different projects within the non-fungible token ecosystem.

3Box Hub Now Supports ENS

3Box has updated their UI and integrated the Ethereum Name Service (ENS) so users can now view ENS names right alongside 3Box profiles inside the Hub app.

Ethereum Cat Herders Update #18

Recaps of Muir Glacier, the Ethereum Cat Herders (ECH) time at ETHCC, a year in review and more.

Community Member Spotlight

This week we’re highlighting the great work of Ryan Sean Adams!

Ryan is an extremely active Ethereum community member who currently publishes a newsletter called Bankless which aims to be the ultimate guide to crypto finance (DeFi). We highly recommend subscribing to his newsletter as every issue is an absolute goldmine (do note that most of the content is part of the paid subscription).

Ryan is also the founder of Mythos Capital - an investment company that holds
cryptoassets and services cryptonetworks.

Ryan also has an active Gitcoin Grant if you’d like to donate to him here.

Keep up the great work Ryan!

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Support EthHub:

Protect Your Crypto

Buy a hardware wallet:

EthHub Weekly #95

EthHub turns 1, Muir Glacier goes live, DeFiZap introduces leveraged Zaps, MetaMask restored on Google Play Store and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🥳 EthHub Turns 1

It was EthHub’s first birthday last week (on Jan 3rd to be exact) and we couldn’t be more proud of what we’ve been able to achieve in our first year of existence! We created 52 newsletters, 100 podcasts and 250 pages of educational content - all for free and with the help of over 100 community contributors on our Github. Thank you everyone for your continued support - here’s to another great year of EthHub!

Gitcoin Grants Round 4 matching starts today (Jan 6th)! This is the biggest matching round since the program began with $200,000 in funding to be given out to projects and individuals that have a Gitcoin Grant set up. Gitcoin Grants Round 4 uses the Liberal Radicalism mechanism for quadratic funding to more fairly allocate funds which means even a small donation can be matched by a huge multiple! Time to open your wallets Ethereum community :)

Have a great week everyone!


News of the Week

⚖️ Ethereum Developer Virgil Griffith to Be Released on Bail to Parents

Virgil Griffith is slated to be released to his parents' home in Alabama pending some pre-release conditions, after a ruling by U.S. District Court Judge Vernon Broderick in New York Monday.

"Laws in this country are not suggestions," Judge Broderick told the accused Ethereum Foundation developer as the hearing began, according to a tweet thread from Matthew Russell Lee, founder of Inner City Press, who covered the hearing live from the courtroom. Griffith is now slated be released to his parent's Tuscaloosa home under a $1 million bond.

"We are very pleased the district judge sided with us and ordered Virgil to be released pending trial," Griffith's attorney, Brian Klein, of Baker Marquart LLP said.

🤔 SEC Asks for Telegram ICO Financials Ahead of CEO’s Deposition

Telegram has been ordered by a judge to explain why it should not have to turn over financials concerning its $1.7 billion initial coin offering (ICO). 

District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange Commission (SEC).

The SEC said the investment information is necessary ahead of next week’s deposement of three Telegram employees, including founder and CEO Pavel Durov.

“Defendants’ refusal to fully disclose and answer questions about their disposition of the $1.7 billion they raised from investors is deeply troubling,” the SEC’s letter states.

The SEC is scrutinizing how ICO investor money was spent, according to a case filing to the District Court on Thursday. Telegram has refused to hand over ICO allocation records relevant to the “efforts of others,” part of the Howey Test used by the SEC to determine if a financial product is a security. 

Project Updates

Muir Glacier Network Upgrade Complete

Ethereum’s Muir Glacier network upgrade went off without a hitch at block number 9,200,000 and the difficulty bomb has now been delayed by ~2 years.

Maker Updates

There’s currently an executive vote to raise the Dai stability fee and savings rate to 6% - this means that people will be able to lock up their Dai and earn a healthy 6% yearly return!

The Maker Foundation also transferred their trademarks and IP to the Indpendent Dai Foundation.

Introducing Leveraged Liquidity Pool Zaps

You can now add liquidity to Uniswap while retaining 100% ETH exposure by using DeFiZap.

Much Clearer Dai Updates

Alex Van de Sande has been hard at work on his fork of the Dai system and provides us with a few updates in this tweet thread.

Meet Zero Collateral

Zero Collateral Protocol is an unsecured/undercollateralized lending market on the Ethereum blockchain.

RYO-Cloud Alpha Announced

RYO-Cloud is a way to pool Ethereum nodes together in order to offer more robust and decentralized Ethereum infrastructure.

DeversiFi Upgrades

DeversiFi has migrated to a new back-end codebase, resulting in 10x higher performance, improved order management and a new dynamic fee schedule, paving the way for the StarkWare upgrade in Q1-2020.

MetaMask Restored on Google Play Store

Google has permitted the MetaMask mobile app back on the Google Play (Android) store.

Moloch v2 Contracts Complete

New features include multi-token support, guild kicks, loot and v2 of the contracts are also designed to support legally compliant for-profit DAOs.

An Introduction to MetaFactory

MetaFactory is a crowdfunding platform for the creation of community-owned brands with an initial focus on fashion/apparel.

0x — 2019 in Review

2019 was a huge year for the 0x project and in this pots Will Warren recaps everything that the team accomplished.

Community Member Spotlight

This week we’re highlighting the great work of Megan Knab!

Megan is the Founder and CEO of VeriLedger - a cryptocurrency accounting tool that is currently in beta.

Megan also spends a lot of time helping out the recently announced Marketing DAO initiative where she helps with the legal side of the project.

Keep up the great work Megan!

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Protect Your Crypto

Buy a hardware wallet:

Donations: 0xA19FCDaD77C1F0fd184689aca88BabCF68010347

EthHub Weekly #94

Vitalik proposes new eth1 <> eth2 merger, KeeperDAO introduced, MetaMask Android client removed from play store and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🎄 Happy New Year!

Well that’s it - the year and decade are done! Hopefully this means the end of the brutal 2 year crypto bear market, right?

To celebrate the end of the year, I put together a Twitter thread breaking down the biggest and most important Ethereum-related events for 2019 (spoiler: its a huge list). Head here to check it out (or here for the Chinese version).

Also, obviously this is bad timing, but the Ethereum network will be undergoing its Muir Glacier network upgrade on January 2nd. The only change in this upgrade is an update to the difficulty bomb (ice age) which pushes it back by roughly 2 years. Please head here for detailed information about the upgrade and instructions on how to update your node. Head here to monitor the status of the overall network.

Have a great new year everyone!


News of the Week

😢 Coinbase Wallet to Remove DApp Browser

Coinbase Wallet, Coinbase's mobile cryptocurrency wallet, may soon remove its DApp browsing feature according to a message appearing in the app. According to Coinbase, it is removing the DApp browser functionality "in order to comply with App Store policy."

Users can still access DApps through Coinbase Wallet on their desktop devices using its WalletLink feature. In a Reddit post, Coinbase CEO Brian Armstrong suggests that "Apple seems to be eliminating usage of Dapps from the App Store."

🤔 Chinese Internet Giant Tencent to Launch Digital Currency Research Team

Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.

According to reports by Chinese media, Tencent issued an internal notice informing employees it was searching for someone to head a new cryptocurrency research unit, which will form part of the company's payments wing.

The new team will look at how to use digital currencies in its payments platform as well as explore other possible business applications. It will also consider how cryptocurrencies could be used within existing and future regulatory regimes.

The research team will reportedly support government initiatives in the area. The People's Bank of China (PBOC) is said to view Tencent as a prospective issuer for the digital yuan under development, according to reports in Quartz and CNBC. Reports suggest the new Tencent unit will work on developing the government's pilot digital currency plan in the city of Shenzhen.

Project Updates

Making Maker: December 2019

Maker closes out the year on a very high note thanks to the successful launch of MCD and fresh funding from leading VCs. The team goes over all the details in this blog post.

Alternative proposal for early eth1 <-> eth2 merge

Vitalik outlines a proposal that would move the eth1 chain into the eth2 system (as shard 0) on a more accelerate schedule.

Introducing KeeperDAO

KeeperDAO is an on-chain liquidity underwriter for decentralized finance, built on top of the Ethereum blockchain.

Introducing ETH 20 Day MA Crossover Yield Set

The ETH 20 Day MA Crossover Yield Set (ETHMACOAPY) supercharges the existing ETH20SMACO Set by swapping out USDC for cUSDC — an interest-bearing stablecoin.

Tornado Cash Gets New Features

cDAI, cUSDC, USDC and USDT are now available to use within Tornado Cash along with higher amounts of ETH (100) and USDT ($100k).

Enigma’s First Networked Testnet Launches

This new release, for the first time, allows “secret node” runners to begin connecting to Enigma’s Discovery testnet and staking their own testENG. Be sure to read the full blog post for all the details.

InstaDApps 2019 Highlights

InstaDApp had a big year in 2019 and in this post the team goes through everything they shipped this year.

DeFiZap Updates

The DeFiZap website gets a fresh UI update and a new cDAI Unipool that alows users to add liquidity to the cDAI/ETH pool on Uniswap in just 1 click (and by just using ETH).

MetaMask Android Client Suspended by Google

Google cited their policy that bans mining on mobile, which MetaMask doesn’t do. Unfortunately, the teams appeal was also rejected.

r(MC)DAI is Live

A new rDAI token has been deployed that now supports Multi-Collateral Dai.

Community Member Spotlight

This week we’re highlighting the great work of James Hancock!

James is heavily involved within the Ethereum community as he is the current ‘Hard Fork Coordinator’ for Eth1.x and spends a lot of time in various circles within Ethereum such as the Ethereum Magicians.

Keep up the great work James!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Protect Your Crypto

Buy a hardware wallet:

Donations: 0xA19FCDaD77C1F0fd184689aca88BabCF68010347

EthHub Weekly #93

Gitcoin grants round 4 announced, Maker gets new investors, TXRX eth2 research team formed, Kyber rethinks token model and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🎄 Merry Christmas from EthHub!

Well there goes another year and another decade. The 2010’s were a wild ride in crypto as this entire industry didn’t even exist in any real form until 2011/2012 - and Ethereum didn’t launch until 2015! What will the 2020’s bring? I have no idea - but I’m excited!

Since it’s the season of giving I wanted to give a quick shout-out to Daniel from Cryptocurrency Jobs’ new website - Donate in Crypto. This website pulls together a list of non-profits that accept donations in cryptocurrency which means you can now really show the world that ETH is money!

A quick note regarding the next Ethereum network upgrade - it’s scheduled to go live on January 1st 2020. Please update your nodes - you can head here for all the relevant information.

Have a great Christmas everyone!


News of the Week

👍 US Lawmaker Introduces Draft Bill to Bring Regulatory Clarity to Crypto

U.S. Congressman Paul Gosar (Republican-Arizona) has reportedly introduced a draft bill to bring regulatory clarity in the cryptocurrency sector.

The bill, dubbed “Crypto-Currency Act of 2020,” was introduced in the House of Representatives, according to a copy obtained by Forbes. The bill seeks to clarify which federal agencies should regulate cryptocurrencies.

The bill has divided cryptocurrencies into three parts - “crypto-commodities,” “crypto-currencies” and “crypto-securities.” Accordingly, it has proposed a “federal crypto regulator’’ for each of the categories to notify the public of any licenses and registrations required.

The Commodity Futures Trading Commission (CTFC) has been proposed to regulate crypto-commodities; the Securities and Exchange Commission (SEC) for crypto-securities; and the Financial Crimes Enforcement Network (FinCEN) for crypto-currencies.

⚖️ SEC Proposal Would Broaden ‘Accredited Investor’ Definition

The U.S. Securities and Exchange Commission (SEC) wants to allow more individuals and entities to invest in regulated financial instruments.

According to a press release issued Wednesday, the SEC intends to add a list of new qualifications to become an accredited investor. At present, accredited investors are defined as individuals with more than $1 million in net worth (or who earn more than $200,000 per year), an organization with more than $5 million in assets, banks and institutions which meet certain legal definitions or entities that match certain other restricted terms.

Being an accredited investor allows entities and individuals access to a greater number of private investments, including riskier investments and hedge funds, according to Bloomberg.

Under the SEC amendment, the term would expand to include new categories of "natural persons," individuals who qualify as "knowledgeable employees" of certain private funds, companies which meet certain restrictions, entities which "own 'investments'" defined under the Investment Company Act, family offices with a minimum of $5 million in assets, and spousal equivalents who can pool finances to qualify.

💰 Dragonfly Capital, Paradigm Buy $27.5M Stake in Maker

Venture funds Dragonfly Capital and Paradigm have acquired $27.5 million worth of MKR tokens and plan to take part in the Maker Protocol's governance system.

Announced Thursday by the Maker Foundation, the $27.5 million raised will fund the foundation's efforts to promote dai adoption in China and the broader Asia region. It's expected Dragonfly and Paradigm, who already have a strong presence in the region, will advise on the expansion.

"Dai continues to be the stablecoin of choice in all global markets for its decentralization and overall stability," said Rune Christensen, CEO of the Maker Foundation, in a statement. "The support and expertise of Dragonfly Partners and Paradigm will give Dai an unparalleled advantage in driving innovation and adoption in Asia."

The joint purchase means Dragonfly and Paradigm now control approximately 5.5 percent of the total MKR token supply. Combined, the acquisition makes Dragonfly and Paradigm the second-largest private holder of MKR tokens. VC firm Andreessen Horowitz remains the single largest private holder with the 6 percent stake it acquired in September 2018.

Project Updates

Gitcoin Grants Round 4 Announced

$200k in matching will be given out in Q1 of 2020 to Ethereum projects that have grants listed on the Gitcoin website. $75,000 will be allocated to a “community pool” and $125,000 will be allocated to an “infrastructure pool”.

Maker Updates

Maker raised $27.5m by selling MKR tokens to Dragonfly Capital and Paradigm last week to fund its expansion into the Asian markets. In line this this goal, OKEx (an Asian-based crypto exchange) has integrated the Dai Savings Rate.

The Maker team also published an update on how the control of the MKR token contract will be transferred to the Maker governance system.

What’s New in Eth2 - 20 Dec 2019

Phase 0 updates, testnet news, recaps of recent calls, latest research overview and much more in this update from Ben.

TXRX Research Team Announced

This new team is a merger of the existing Artemis and Harmony eth2 research teams. There will also be a steering panel that includes key Ethereum researchers and developers.

Eth2 quick update no. 6

Another short but sweet update from Danny Ryan regarding eth2 - the biggest news is that Phase 0 will undergo a spec audit from Least Authority.

Ethereum 2.0 Development Update #41 — Prysmatic Labs

A bunch of updates from the PryLabs team including a network stability overview and a heft update on merged code, pull requests, and issues.

Lighthouse Update #20

The Sigma Prime team goes through the lessons they learned from running their first public eth2 phase 0 testnet.

Gnosis Safe Multisig Launched

The Gnosis Safe multisig is now available for public use with a much improved UX and is packed full of features.

First DEX Goes Live Using Loopring

WeDEX is the first working DEX on the Ethereum mainnet to use zkRollup technology in order to scale.

Ethereum Muir Glacier Update

Everything you need to know about the coming Ethereum network upgrade that will delay the ice age (difficulty bomb) by 2 years.

Tornado Cash v2 Now Live

This new version contains a number of major features including ERC20 token support (DAI live now, more coming later), higher deposit limits, cheaper withdrawals, ENS support and much more.

Zerion Android App Released

The app lets you track various aspects of your DeFi portfolio including Maker vaults, Compound loans, TokenSets performance and much more.

Introducing Your new Argent Security Centre

You can now use MetaMask and Ledger & Trezor devices as Guardians in the Argent mobile wallet app.

Introducing Compare by ConsenSys Codefi

Now you can easily explore the risk-return tradeoffs of various DeFi apps by using the DeFi Score app.

Forbes Integrates Unlock Protocol

You can now use Unlock Protocol to pay for Forbes articles using ETH!

Editors note: I guess Forbes now agrees that ETH is money? ;)

Ethereum Cat Herders Update #17

The Cat Herders give updates on the Muir Glacier Ethereum upgrade, Eth 1.x & 2.0.

Ethereum Marketing DAO December Update

A bunch of updates from the Marketing DAO team including updates on all of the working groups and what’s going on behind the scenes.

Katalyst: Kyber Protocol Upgrade and 2020 Plans

Katalyst is a major protocol upgrade for the Kyber Network that aims to drive participation and align ecosystem incentives.

Parity Ethereum to be Transitioned to a DAO Model

Parity Technologies have announced that the Parity Ethereum codebase and maintenance will be transitioned to a DAO ownership and maintainer model.

DeFi Prime Adds Holdings Tab

You can now keep track of your TokenSets and Uniswap Liquidity Pools by using DeFi Primes portfolio tracker.

Community Member Spotlight

This week we’re highlighting the great work of Michael Dunworth!

Michael hails from Australia (now based in San Francisco) and is the co-founder and CEO of Wyre - a company that is bridging the gap between the fiat and crypto worlds.

Michael was also previously a mentor at Boost VC.

Keep up the great work Michael!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:

Protect Your Crypto

Buy a hardware wallet:

Donations: 0xA19FCDaD77C1F0fd184689aca88BabCF68010347

EthHub Weekly #92

Into the Ether hits 100 episodes, Fidelity will support Ethereum in 2020, Nike patents shoe tokenization, Sablier v1 live and much more!

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

🥳 Into the Ether Celebration Party

It felt just like yesterday that Eric and I started the Into the Ether podcast but apparently we’ve already released 100 episodes! To celebrate, we’d love for you to join Eric, Danny Ryan, David Hoffman, Aftab (DCInvestor), Ryan Sean Adams and I for an ETH maximalist livestream party on 12/16 at 6PM PST. We’ll be taking questions from viewers and reflecting on 2019 in Ethereum as a whole. The party will be streamed here.

Our good friend Spencer Noon is launching a new weekly newsletter covering on-chain data analysis called ‘Our Network’. I’ll personally be sending him data about Set Protocol while there are a bunch of other heavy hitters like Caleb Sheridan from Blocklytics and Calvin Liu from Compound who’ll be doing the same. So what are you waiting for? Go subscribe!

Have a great week everyone!


News of the Week

👍 Fidelity Digital Assets Intends to Support Ethereum in 2020

If the client demand is there, then Fidelity Digital Assets could support Ethereum in 2020.

In a recent episode of The Scoop, Fidelity president Tom Jessop told The Block that the firm has "done a lot of work on Ethereum" when asked if they would soon offer custody for the digital currency. Launched at the beginning of 2019, Fidelity Digital Assets (FDAS) offers cryptocurrency custody and trading tools for institutional investors and traders. Still, the firm has only supported bitcoin — a fact that some say keeps FDAS from truly competing with crypto-native firms like Coinbase and BitGo. 

Jessop said that the lack of a track-record serves as one of the biggest obstacles to institutional adoption of a given cryptocurrency. Since bitcoin has the longest track record, there is a stronger appetite from institutional investors to allocate capital to it compared to cryptocurrencies like Ethereum, according to Jessop. Hence the reason Fidelity isn't supporting it, at the moment. 

🤔 Jack Dorsey Announces New Twitter Team for Crypto

On Wednesday, the Twitter and Square CEO announced plans to support an independent team “of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media.”

“The goal is for Twitter to ultimately be a client of this standard,” Dorsey said.

The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey's fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted that the “fundamentals” of blockchain technology might offer some tools for “open and durable hosting, governance, and even monetization.”

Twitter’s head of legal and policy, Vijaya Gadde tweeted that this new project, called Blue Sky, is part of the company’s broader push to “support and foster the values of a free and open internet.”

🏦 German Bank Launches Digital Assets Unit to Offer Custody Products

German bank solarisBank is jumping into the crypto custody space. 

Through a subsidiary called solaris Digital Assets, the Berlin-based bank will offer a white-labeled custody product, the company recently announced. The financial technology startup received a German banking license in 2016 and has since been offering banking-as-a-service for nonbanks to offer financial products. 

solarisBank will apply for a license to custody crypto in 2020, but some of its partners are already testing the custody product, which can be combined with banking identification and account products, according to the company.

“We believe that all tradable assets will be tokenized in the future,” said Alexis Hamel, managing director of solaris Digital Assets. “solarisBank had proven that the Banking-as-a-Service model works, and with a full German banking license solarisBank is ideally positioned to use the same model for solaris Digital Assets to provide custody-as-a-service.”

Project Updates

Nike Receives Patent to Tokenize Shoes on Ethereum

In a document posted on the U.S. Patent and Trademark Office and dated Dec. 10, Nike stated that it intends to generate unique IDs and create ERC 721 tokens for some shoes.

Introducing MetaCartel Ventures

MetaCartel Ventures is a for-profit DAO focused on DApp development. The DAO aims to bring code, law, and community together.

Activate Token Launch Standards

The ConsenSys Codefi team published a blog post outlining their principles for robust and include token ecosystems as well as outlining the Activate Platforms standards.

Sablier v1 Now Live

Sablier is a protocol for “real-time finance” on Ethereum that enables continuous, autonomous and trustless payments.

The LAO joins forces with Moloch DAO and MetaCartel

The alliance will begin to standardize DAO-related smart contracts in order to power the next-generation of limited liability autonomous organizations (LAOs).

Argent Integrates WalletConnect

Users of the Argent mobile wallet can now use Uniswap, PoolTogether and many more Dapps thanks to this integration.

Introducing cTokens on TokenSets

Set Protocol introduced the first Set that contains a cToken this week - the ETH RSI 60/40 Yield Set. The main benefit of cToken integration is that users can now earn interest while the Set is positioned in the stable-asset.

Much Clearer DAI Initiative Launched

Alex Van de Sande has launched this initiative in order to make the Maker systems code more readable by changing file names, altering variable names and adding comments to the code.

Loopring Opens Staking Window

In this update, Loopring runs through how LRC staking will work on the protocol and details the “golden staking window”.

Ethereum Cat Herders Update #16

Updates on new collaborations, EIP improvement initiatives, Sai to Dai Migration and much more.

An Update on Parity’s Ethereum Foundation Grant Progress

Jutta Steiner from Parity runs through the progress the team has made since receiving a $5mil grant from the Ethereum Foundation.

0x Ecosystem Update - November 2019

This update includes a 0x v3 overview, a recap of TokenTrove’s growth, an Interview with Tokenlon and more.

Kyber Ecosystem Report #9

Another great ecosystem report from the Kyber team that includes network stats for October, thoughts on the total value locked metric, Kyber DeFi updates and much more!

Community Member Spotlight

This week we’re highlighting the great work of John Adler!

John is a scalability researcher working out of ConsenSys and is the creator of the Ethereum scaling solution “optimistic rollup”. Johns twitter feed is full of insightful commentary on bleeding edge Ethereum (and other blockchain) research so he’s a highly recommended follow.

Keep up the great work John!

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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