EthHub Weekly #176

Arbitrum and Reddit team up, Index Coop introduces BED, Lyra DAO raises $3.3 million, Immutable introduces IMX token and much more!


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


🇪🇹 Trolling the Trolls

The Ethereum community is undefeated in its ability to take something that is meant as a negative and turn it into a positive. There’s no better example of that than what happened last week when the #ETH hashtag on Twitter had the Ethiopian flag placed next to it (because ETH is the country code for Ethiopia and the Olympics are currently on). Then, Twitter CEO and Founder Jack Dorsey tweeted out “#ETH” in an effort to troll Ethereans - but we ran with it and embraced it (as I’m sure you all saw on Twitter). I love this community!

In other news, I joined Crypto Texan for a chat with the Index Coop which you can listen to here.

Have a great week everyone!

Anthony


News of the Week

👍 JP Morgan Greenlights Wealth Management Advisors to Take Crypto Fund Orders

JP Morgan has opened the doors to wealth management clients looking to invest in crypto funds, as reported by Business Insider.

Specifically, orders for Grayscale and Osprey's crypto-based offerings are now on the table for wealth management advisors at the U.S.'s largest bank. The move reportedly opens the gates for clients ranging from retail users on Chase's trading app to the jetset of the bank's private investment business. 

Notably, these offerings are not themselves crypto investments, but rather trusts based on the performance of crypto assets. JP Morgan is also only authorizing its advisors to process these orders if they come from clients themselves, barring the advisors from presenting crypto-based funds. 

These limitations reflect JP Morgan's longstanding hesitance to endorse investment in crypto. In May, CEO Jamie Dimon told a congressional committee "My own personal advice to people is to stay away from [crypto]."

🏦 Mastercard Taps Circle for USDC Settlement Pilot

Circle and Mastercard announced last week an engagement to use USDC to facilitate crypto-to-fiat conversions in a pilot program to expand the ability of issuers and crypto businesses to enable customers to spend their crypto assets. The engagement will test using USDC as a means for card issuers to more easily settle payments to Mastercard, helping accelerate the world towards greater use of internet-native financial infrastructure.


Project Updates

Finalize No. 27

Upgrade your eth1 nodes for London, the merge checklist and draft EIP released, Altair devnets launch and more.

Ethereum.org Q3 2021 Roadmap Detailed

Content updates, CLR funding round for eth2 projects, translation program and community growth plans all detailed in this update.

Lighthouse Update #37

Updates on the Sigma Prime team on their eth2 Lighthouse client including a reminder to update your eth1 node for London!

Arbitrum and Reddit Partner Up

Reddit is scaling Reddit’s Community Points with Arbitrum! Last week, Reddit deployed a new Layer-2 rollup using Arbitrum’s technology and will be testing this scaling network on top of Rinkeby, before migrating to the Ethereum mainnet.

Secureum Launched

Secureum is a smart contract security auditing bootcamp initiative. The first bootcamp will take place from October to December 2021 which applications open until August 1st 2021.

Celer cBridge Launches

Celer cBridge v1.0 is now live on mainnet! Users are now able to use cBridge to instantly transfer tokens across Ethereum, Arbitrum and Polygon with many more side chain and layer-2 chain integrations planned for in the near future.

Polygon Studios Announced

Polygon Studios is a brand new arm for Blockchain Gaming & the NFT ecosystem. It aims to serve as a bridge between Web2.0 & Web3.0 world.

ZKNFT Released

ZKNFT is a proof-of-concept NFT marketplace showcasing the zkSync NFT API. It is currently in alpha.

Lyra DAO Raises $3.3 Million

The round was co-led by Framework Ventures and ParaFi Capital with participation from various funds and angels.

Rabby Announced

Rabby is a new browser-extension made by DeBank with a host of new features - it aims to compete with MetaMask.

MakerDAO Fully Decentralizes

MakerDAO is now completely decentralized and the foundation will be formally dissolved over the next few months.

PawNFT Introduced

PawNFT uses an active auction mechanism to achieve three results:

  1. Better price discovery for non-fungible assets through locked top bids

  2. Ability to draw capital against NFT collateral, through active bids

  3. Fixed-term, fixed-interest rewards for lenders

Aave to Build Ethereum-Based Twitter Alternative

Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt.

Index Coop Introduces Bankless BED Index

The Bankless BED Index offers anyone, anywhere passive exposure to the most promising crypto themes - Bitcoin, Ethereum and DeFi.

Zapper Product Update #1

Updates on wallet profiles, NFT season 1, protocol integrations and more from Zapper.

MakerDAO Adds Delegation for MKR

Delegation will arrive to MakerDAO on August 2nd, 2021. You will be able to delegate your MKR to "your delegate" for voting in governance, just in case you want to, for whatever reason you see fit.

Moonshot Collective Launched

The moonshot collective is a collection of builders & web3 community members who are looking to prototype experiments in coordination (whether that’s public goods, private goods, governance tools).

NOTE Token Introduced

In this update, the Notional team details the NOTE token and Notional’s plans for decentralization and community ownership.

Immutable Introduces IMX Token

IMX is the native ERC20 utility token of Immutable X which is Ethereum’s first zk-rollup protocol for minting and trading NFTs, built in partnership with StarkWare.

EthBlockArt Closes Pre-Seed Round

The round was led by CoinFund with participation from Focus Labs, MetaCartel Ventures, Divergence Ventures and various angels.

DVF DAO Treasury and Council Announced

The DVF DAO treasury is the Ethereum address that contains all of the funds raised in the DVF DLM. It will be managed by a council of signers who are well-known community members.

Maple Website Gets a Fresh Look

The refreshed website showcases Maple's focus on transparency, security, and scalability.

OpenSea Raises $100 Million

The round was led by a16z with participation from angels such as Kevin Durant and Ashton Kutcher.

Sushi Trident Introduced

Trident has 3 prongs: BentoBox native AMM, expansion of pool type options, and a new routing engine.

Lido Launches Referral Program

This program allows users to earn 15 LDO for every ETH staked using their unique Lido referral link.

FWB Gatekeeper Introduced

FWB Gatekeeper is a web3 solution for the token gating IRL events experiences.

NFTX V2 Exits Beta

With an exit of beta comes a new Vault Liquidity Staking program now live on mainnet.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #175

Ethereum documentary raises $2mil, Uniswap v3 on Optimism, zkSync 1.x upgrade complete, Blocknative raises $12mil and much more!


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


🌱 The Infinite Garden

A new documentary about Ethereum is being made called ‘Ethereum: The Infinite Garden’ which is described as being “a character-driven documentary film on the challenges and rewards of building a new world.” Last week, the project did a fundraise via Mirror and was able to raise ~$2 million in ETH by selling exclusive perks and NFTs. Personally I think this is a really cool and innovative way to fund an Ethereum project and it allows basically anyone with an Ethereum wallet and some ETH to get involved - just another industry that Ethereum is democratizing.

I joined Justin Bram on his YouTube channel last week for a live AMA where we talked about all things Ethereum - watch that here (and subscribe to Justin’s channel).

Have a great week everyone!

Anthony


News of the Week

👍 Fidelity Digital Assets to Grow Team in Response to Institutional Interest in Crypto

Fidelity Digital Assets, the crypto-focused arm of the asset manager Fidelity, plans on hiring as many as 100 employees to bolster cryptocurrency projects in response to institutional demand in crypto, reports Bloomberg

Fidelity Digital Assets president Tom Jessop told Bloomberg that the firm intends on hiring employees in its Dublin, Boston and Salt Lake City offices. Cryptocurrencies other than bitcoin will be the focus of these new projects — ether in particular, as the firm reportedly saw increased interest in the Ethereum-based cryptocurrency in the midst of its all-time high in May

The firm also seeks to provide as much full-time crypto trading as possible, reports Bloomberg, as opposed to traditional finance trading that end in the afternoon or on weekends. 

🏦 Fed Chair Powell ‘Legitmiately Undecided’ on Benefits of an American CBDC

In testimony before the Senate Banking Committee on July 15, Federal Reserve chairman Jerome Powell reiterated his uncertainty as to whether the Fed would proceed with the development of a central bank digital currency or CBDC.

“I’m legitimately undecided about whether the benefits outweigh the costs of a CBDC,” said Powell. 

Senator Pat Toomey (R-PN), meanwhile, seemed to support private stablecoins over a Fed-issued digital dollar. Toomey, the ranking member of the committee, asked Powell about "a change in your tone about the virtues of a central bank digital currency being issued by the Fed.” 


Project Updates

Ethereum Roadmapping Improvements

In this post, Tim Beiko proposes a bunch of roadmapping improvements for Ethereum core protocol development including a more refined process proposal, upgrade schedule and more.

What’s New in Eth2 - 16 July 2021

Your latest dose of eth2 news from Ben Edgington including updates on Altair, The Merge and more.

Uniswap v3 Launches on Optimism

Users can now trade 6 different tokens (including ETH and stablecoins) on Optimism via Uniswap v3 which marks the first layer 2 deployment of Uniswap.

Hop Bridge Launched

By using Hop Bridge, users can now instantly transfer USDC between Ethereum, Polygon and xDAI.

L2Beat Updates

The L2Beat website has been completely redesigned with a host of new upgrades and features.

New StarkNet Alpha 1 Features Released

StarkNet Alpha 1 has two new features - layer 1 <> layer 2 interaction and on-chain data.

Immutable X Will Soon Be Permissionless

Developers will soon be able to mint 0-gas-fee NFTs on a completely self-serve L2, secured by Ethereum and built using StarkWare’s zkRollup technology.

alETH Returns

Alchemix’s alETH product is now live again with a 2000 alETH mint capped (that was already hit within a few hours).

Infura Now Supports Arbitrum

Infura has added support for the Arbitrum optimistic rollup layer 2 network.

Gnosis Safe is Live on Layer 2

The Gnosis Safe has now been deployed to the layer 2 solution Arbitrum as well as the Polygon PoS sidechain.

zkSync 1.x Upgrade Completed

Ethereum developers now have more tools in their zkRollup toolbox such as the ability to create contracts that allow for trading of NFTs, ERC20 swaps and limit orders, and permissionless token listing.

OKEx Supports Polygon

Users can now deposit and withdraw directly on the OKEx exchange for the Polygon PoS chain.

Introducing Radicle Orgs

Radicle Orgs are a decentralized code management tool for DAOs built on Gnosis Safe.

Zapper Launches Wallet Profiles

The introduction of wallet profiles is the first in a series of updates that will make using the Zapper dashboard and progressing through quests and levels a more interactive and collaborative experience.

Introducing the EthernautDAO

The EthernautDAO is a collection of developers (Ethernauts) that have come together to train new Ethereum engineers.

DAppNode to Decentralize

DAppNode has announced the launch of the NODE token, a new DAO architecture for governance and updates on DeFi.

Blocknative Raises $12 Million

The round was led by Rho Capital with participation from Robot Ventures, Altonomy Ventures and various angels.

The Graph Foundation Allocates $2.8mil+ in Grants

The Graph Foundation to provide over $2.8M in funding to grants and ecosystem support in Wave 2, in addition to $60M Core Dev Grant to StreamingFast.

Thales Raises $2.5 Million

Thales, a Synthetix ecosystem project building support for trading binary options, raised $2.5 million in a strategic investment round led by Framework Ventures and Apollo Capital.

yvUSDC ETH Put Selling Vault Announced

This new product from Ribbon Finance lets users stack Yearn Finance and Ribbon yield by using Yearn Vault tokens as collateral for option writing.

Arcana Raises $375,000

Investors include Balaji Srinivasan, Sandeep Nailwal and JD Kanani, Founders of Polygon (formerly Matic), Kendrick Nguyen, Founder & CEO of Republic and other leading investors in the crypto ecosystem.

Coinbase Wallet Adds Polygon Support

Coinbase Wallet mobile app and extension can now be used to access the Polygon PoS network with support for more scaling solutions coming soon.

TokenSets Launches on Polygon

Set Protocol has been launched on Polygon, lowering the barrier of entry significantly and bringing Set one step closer to enabling asset management and strategy creation for the masses.

Connext Raises $12 Million

The round had participation from 82 distinct entities including funds & exchanges, staking providers, L2 founders and angels.

Nifty Island Exits Stealth

Nifty Island describes itself as “a virtual world built just for you” - not much information is available about the project at this time.

Shipyard Software Raises $21 Million

Crypto exchange developer Shipyard Software has raised $21 million to build Clipper, a decentralized exchange that is designed for different types of traders.

Superfluid Raises $9 Million

The round was led by Multicoin Capital and had participation from a variety of funds and angels.

alUSD/mUSD Feeder Pool Now Live

Users can deposit alUSD and mUSD at launch into the Vault to earn MTA and a share of trading fees.

Harvest V2 Teased

The Harvest Finance team have teased v2 of the protocol which will come with a host of improvements.

ShapeShift is Decentralizing

ShapeShift has open-sourced their entire platform, airdropped tokens to over a million customers and DeFi community members, and creating a DAO.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #174

Arbitrum One update, Synthetix x Optimism update, EIP-1559 gets a mainnet date, Index Coop raises $7.7 million and much more!


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


🔥 It’s Finally Time

London, Ethereum’s next network upgrade that includes the long-awaited EIP-1559, finally got a mainnet date this week - August 4th! I’m sure that I’m not alone in how excited I am to finally be just weeks away from EIP-1559 going live on mainnet after 2+ years of waiting. Ethereum’s symbiotic relationship is now only a few weeks away - the suspension is killing me!

My good friend Trent Van Epps has been working on the ‘Beacon Book’ for a while now and last week the entire book was published on Mirror along with a bunch of unique NFTs that you can purchase - check that all out here.

Have a great week everyone!

Anthony


News of the Week

💰 Circle to go Public via a SPAC Merger

Circle, the crypto firm that operates leading stablecoin USD Coin (USDC), has agreed to go public through a merger with a Special Purpose Acquisition Company (SPAC) named Concord Acquisition Corp.

The deal values Circle at $4.5 billion and comes after Circle raised $440 million from investors including Fidelity, Valor Capital Group and the London-based hedge fund Marshall Wace in May.

It will see a new Irish holding company acquire both Concord and Circle to become a publicly traded entity that is expected to trade on the New York Stock Exchange under the ticker CRCL.

🏦 Barclays Customers in the U.K. Can no Longer Transfer Funds to Binance

Barclays U.K. customers can no longer transfer funds to Binance, after the bank banned any payments made by credit or debit card to the exchange until further notice. 

“It’s our responsibility to help protect your money,” the London-based bank’s support page tweeted on Monday, adding, "With this in mind we’ve taken the decision to stop payments made by credit/debit card to Binance until further notice, to help keep your money safe."

The announcement comes nearly two weeks after the Financial Conduct Authority (FCA) said Binance Markets Limited was not authorized to carry out crypto operations in the U.K. 


Project Updates

Prysmatic Labs June Ethereum Development Update

Updates from the Prysmatic Labs team covering the upcoming Altair hard fork, a recent Prysm slashing event, what’s next for q3 and more.

zkSync Update Planned for July 14th

The update will add support for swaps, NFTs, a new event system and permissionless token listing to the zkSync layer 2 rollup.

Synthetix Optimism Launch Announcement

The Synthetix exchange will be enabled on Optimism during the week of July 26th with a final deployment date pending Spartan Council approval. There was also an update provided regarding the gas situation on Optimism and the Synthetix June monthly update was also published.

Arbitrum One Development Update

Arbitrum provides an update on exactly where they are on the road to the public mainnet of their layer 2 chain including current deployments, a look under the hood and more.

Index Coop Raises $7.7 Million

The raise was done via a treasury diversification and was led by 1kx and Galaxy Digital. Joining 1kx and Galaxy are 1confirmation, Defiance Capital, Assembly Capital, LD Capital, Wintermute, Laconia Ventures, and former wealth management executive Phil DiIorio.

Token Terminal Introduces Price to Earnings Ratio

There is now a price to earnings (P/E) ratio included on Token Terminal, alongside the price to sales (P/S) ratio. The 'E' in the P/E ratio will initially be based on protocol revenue, i.e. money that is generated from the protocol’s business and subsequently allocated to its treasury or distributed to its token holders.

Alpha Homora and EPNS Team Up

Alpha Homora V2 integration with Ethereum Push Notifications Service (EPNS) is now live and users can receive notifications on their mobile devices when their positions are at liquidation risk.

Alpha also announced the first Alpha Launchpad incubated project - Beta Finance - learn more here.

Notional V2 Introduced

Notional v2 introduces three core features: longer-dated maturities for lenders and borrowers, flexible dates for lenders and borrowers, and a high-yield, fully-passive liquidity provider experience.

Introducing SMART Exposure

SMART Exposure will allow users to automate position management between any two ERC-20 assets on BarnBridge.

KyberDMM Liquidity Mining Now Live

Kyber Dynamic Market Maker (DMM) is a next-gen AMM protocol that maximises the use of capital for liquidity providers with its amplified pools that provide high capital efficiency and dynamic fees that optimise returns. With the Rainmaker liquidity mining program, KyberDMM will help boost liquidity even further, provide important benefits to liquidity providers, as well as bring more DeFi participants and value into the Kyber and Polygon ecosystems.

UMA Raises $2.6 Million

Risk Labs (the foundation supporting UMA) has minted the first ever Range Token backed by UMA collateral. $2.6mm worth of this token has been sold to a small group of DeFi enthusiasts, including Amber Group, BitDAO, Blockchain Capital, Robert Leshner and Wintermute Trading.

Zerion Raises $8.2 Million

The round was led by Mosaic Ventures, with participation from Placeholder, Digital Currency Group, Lightspeed Venture Partners, Blockchain.com Ventures, and several others.

Zapper Adds Support for Aave

You can now deposit assets and earn interest on Zapper through their new Aave integration.

SushiSwap NFT Platform Sneak Peek

LevX has proposed the idea of an NFT platform for the SushiSwap ecosystem that would include features such as a social token, bidding strategies, royalties distribution and more.

Balancer Launches Stable Pools

Stable pools make Balancer Protocol the first Automated Market Maker with at least three different types of pools: weighted, Element, and now stable pools.

Introducing FWB Season Three

Season Three will center around stronger cooperation to achieve real world value – made possible through the interdependent incentives that DAOs provide.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #173

ESP allocation update, Aave Pro detailed, Nansen raises $12 million, Slingshot goes mobile and much more!


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


🦀 Crab Season

I’m sure you’ve all seen the popular “crab season” meme on crypto twitter by now that’s being used to describe the current state of the market and well, it’s incredibly accurate. Both ETH and BTC are rangebound between 2,000-3,000 and 30,000-40,000 respectively. The market doesn’t really show any clear signs of where it wants to go and sentiment is mostly neutral from what I can tell. Will the bull market resume or are we heading into a longer-term crypto winter? Only time will tell.

I was very busy over the last week - I published my bullish case for governance tokens piece in the DeFi Pulse Farmer newsletter here, appeared on Bankless’ new Top Signal show here and joined a group of amazing ETH bulls to give an updated bull case for Ethereum here.

Have a great week everyone!

Anthony


News of the Week

😬 Crypto Exchange Bithumb Bans Employees from Trading on its Platform

South Korean cryptocurrency exchange Bithumb has banned its employees from trading on its own platform.

Announcing the news on Friday, Bithumb said the move is to enhance transparency over crypto transactions, but an upcoming law in Korea mandates local crypto exchanges must prohibit employees from trading on their own platforms.

The law becomes effective September 25. If crypto exchange employees don't comply by the date, they could face a fine of up to 100 million won (around $88,000) from the Korea Financial Services Commission (FSC) if they get caught trading on the platforms they work for.

🏦 World’s Biggest Interdealer Broker to Launch Crypto Trading Platform

TP ICAP, the world's biggest interdealer broker, is set to launch a crypto trading platform for institutional investors.

The platform is being developed with crypto custody providers Fidelity Digital Assets and Standard Chartered's Zodia Custody, alongside liquidity provider Flow Traders. The idea is to provide clients a separate but interoperable model for execution and settlement.

Simon Forster, co-head of digital assets at TP ICAP, said the current crypto market infrastructure prevents many institutional clients from trading because most execution venues require pre-funding and also act as custodians.


Project Updates

What’s New in Eth2 - 2 July 2021

A jam-packed update this week from Ben including an editorial piece, coverage of the Beacon Chain, the usual great explainers and much more.

ESP Allocation Update: Q1 2021

In this update, the Ethereum Ecosystem Support Program details all of the teams and individuals that received funding in Q1 of 2021.

Introducing Otterscan

Otterscan is an open-source, blazingly fast, laptop-friendly Ethereum block explorer built on top of Erigon.

EY Releases Nightfall 3

EY is open-sourcing the prototype code for Nightfall 3, a Layer 2 protocol focused on Ethereum scaling that utilizes zero-knowledge proofs.

Element Finance Live on Mainnet

The Element Protocol has officially been deployed to Ethereum Mainnet and will initially support a 3-month crvLUSD term.

Aave Pro Launching in July

Aave Pro will be the first permissioned decentralized liquidity protocol being co-launched by Aave and Fireblocks.

Opyn Launches Partially Collateralized DeFi Options

The upgrade allows options to be collateralized with less than their max loss (<1 asset for call, <strike for puts), increasing capital efficiency and providing leverage for DeFi options

Index Coop Ambassador Program Launched

The Protocol Ambassador Program is designed to give the coop a better pulse on the DeFi ecosystem by having individuals dedicated to monitoring each of the protocols within DPI.

Nansen Raises $12 Million

Nansen, a DeFi-native crypto tracer, has raised $12 million in a Series A funding round led by Andreessen Horowitz (a16z). Also participating in the round was Skyfall Ventures, Coinbase Ventures, imToken Ventures, Mechanism Capital and QCP Capital.

Tracer DAO Raises $4.5 Million

The round is supported by Framework Ventures, DACM, Maven 11, Apollo Capital, Distributed Global Ventures, Paperclip Fund and Supernova. GSR and Efficient Frontier have also joined the round as strategic market making partners.

Dune Analytics Integrates Polygon

Dune Analytics has integrated Polygon blockchain data, for rich insights into the vibrant DeFi, NFT, and Gaming ecosystem on Polygon.

Compound Treasury Announced

Compound Treasury is designed for businesses and financial institutions to access the benefits of the Compound protocol.

Andre Releases Prototype Projects

Andre has released the code for a number of new projects:

  • levX (leveraged on-chain spot perps)

  • ProtectionMarkets (on-chain pay as you go insurance with dynamic pricing), AaveDelegate (integrate users’ debt)

  • CurveGaugeMetaPool (new metapool that natively earns CRV rewards)

  • FixedForex (a governance-minimized forex protocol).

Balancer Joins Polygon

Balancer Protocol has been deployed to Polygon’s PoS chain accompanied by a new liquidity mining campaign.

Loopring Quarterly Update: 2021/Q2

Updates on Loopring Wallet and the launchpad, exchange v2 improvements + collaborations, liquidity mining and much more.

Slingshot Goes Mobile

You can now trade 2,000+ tokens on Polygon with real-time DeFi charts in the new Slingshot mobile-web app.

Perpetual Protocol v2 Announced

The upgrade, codenamed Curie, dramatically improves capital efficiency and increases fee capture for liquidity providers. It will be launched on Arbitrum’s layer 2 network in the coming weeks.

DVF DLM Overview

In this guide, Lexi Short from DeversiFi explains how users can participate in the upcoming DVF sale.

Hermez Mobile Wallet Live on iOS and Android

The mobile wallet will have just a few features, minimising complexity and making the app more accessible to new users.

Introducing one1INCH

The ICHI Community has launched one1INCH, a stablecoin for the 1inch community. one1INCH will provide a stablecoin for the community that can be used to create USD exposure during 1inch operations, help diversify the 1INCH at 1inch Foundation treasury that is the part of 1inch Network DAO, more easily pay operating costs, provide liquidity, and earn rewards.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


EthHub Weekly #172

Polygon announces Avail, Optimism teams up with Infura and Alchemy, Risk Harbor exits stealth, Gods Unchained announces token and much more!


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


[Sponsored] DeFi users, you no longer need to pay expensive and unpredictable interest rates on your ETH-backed loans. Liquity is an immutable, governance-free borrowing protocol that allows you to borrow interest-free against ETH as collateral. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio as low as 110%.  

Outside of borrowing, users can deposit LUSD to the Stability Pool to earn LQTY rewards and participate in collateral liquidation events — purchasing ETH at a discount when liquidations occur. Lastly, users can stake LQTY to earn protocol revenue, which recently crossed >$12M since Liquity’s launch in April. To learn more, head over to liquity.org to get started and get the most out of your borrowing needs today!


🔥 Watch It Burn

With EIP-1559 live on its first testnet (Ropsten) we can now see how EIP-1559 behaves on a public Ethereum network! Mohamed Mansour has put together this website that allows you to watch transactions in real time and see how much ETH is being burned per transaction.

The Ethereum Foundation’s research team did an AMA on Reddit last week and you can read all of the questions and answers here.

Have a great week everyone!

Anthony


News of the Week

💰 a16z Officially Launches New $2.2 Billion Crypto Venture Fund

Andreessen Horowitz — the prominent venture capital fund led by Ben Horowitz and Marc Andreessen — announced Thursday the close of its third crypto venture fund, a $2.2 billion fund that the firm says is the largest of its kind.

The new "Crypto Fund III" will be co-led by Chris Dixon and Katie Haun. 

"The largest crypto fund ever raised to date, Crypto Fund III is a validating moment for the ecosystem and another sign that crypto becoming an ever more mainstream part of our financial infrastructure," the firm said in a press release. 

🏦 Bank of Israel Adopts Ethereum for Digital Shekel Trial

The Bank of Israel has adopted Ethereum blockchain technology for an internal pilot project to examine the digital shekel, a source close to the matter has told "Globes." Ethereum is the world's second biggest cryptocurrency after Bitcoin.

To implement the project the Bank of Israel IT department team has issued a token based on the blockchain technology of Ethereum, which represents digital shekels, and has set up digital wallets into which team members of the venture can transfer "imaginary digital shekels" to each other within the Bank of Israel.

At this stage no real money is involved and the digital transfers are only part of a trial. Use of Ethereum is within a closed network and is in no way connected to the general Ethereum currency network.


Project Updates

AllCoreDevs Update 004

Tim Beiko provides all the latest information about what’s going on with Ethereum core protocol development - from the status of London (now live on Ropsten), the merge and more.

Ethereum Cat Herders Update #46

Updates on stateless Ethereum, Merge implementers meeting, Altair and London upgrade progress, EIP-1559 gas API call and more.

Polygon Announces Avail

Avail is a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains & off-chain scaling solutions.

Alchemy and Optimism Team Up

The Alchemy developer platform will be supporting Optimism enabling developers around the world to reliably tap into Optimism’s scaling capabilities.

Infura Launches Support for Optimism

Infura announced this week that they are now live with support for the Optimism Layer 2 scaling solution in time for the Optimism launch on Uniswap.

Introducing Solidify

Solidify is a smart contract security tool that uses a large signature database and a pattern matching engine to reliably detect contract features and their risks, standardize and score smart contract risks, suggest mitigation strategies, and generate detailed reports

Element Finance Heads to Mainnet

Element Finance will be launching on the Ethereum mainnet with initial support for LUSD on June 30th follows by DAI, USDC, alUSD, ETH, and BTC thereafter.

RabbitHole Raises $3.6 Million

The $3.6 million seed round was led by Electric Capital with participation from ParaFi Capital, Framework Ventures, Edge & Node and more.

Maker Growth Core Unit Announced

The Maker Growth Core Unit is a company born out of the MakerDAO community, dedicated to the continued growth of the Dai stablecoin and the Maker protocol through strategic partnerships and business development.

Arbitrum and Anyswap Team Up

Anyswap is now live on Arbitrum enabling cross-chain swaps between other layer 1 and layer 2 chains.

Risk Harbor Raises $3.2 Million and Hits Mainnet

Risk Harbor emerged from stealth, armed with a $3.25 million seed round co-led by Framework Ventures and Pantera Capital. Risk Harbor operates as a two-sided marketplace in which DeFi depositors are able to purchase protection for their capital in DeFi projects, while others are able to underwrite that protection in return for premiums. The project is now live on the Ethereum mainnet.

Circle Announces DeFi API

The new DeFi API provides companies with a seamless, safe, secure and regulated infrastructure for accessing and building on DeFi lending markets.

Gods Unchained Announces Token

GODS is the native ERC-20 token of the Gods Unchained universe. Users can use GODS to craft NFTs, purchase packs from the Gods Unchained marketplace and earn even more rewards by holding the tokens in Immutable X.

Yield Raises $10 Million Series A

The round was led by Paradigm with participation from Framework Ventures, Symbolic Capital Partners, CMS Holdings, Variant, and the DeFi Alliance.

Rocket Pool Update

This update covers the eth1<> eth2 merge, 0x02, MEV and the future of the Rocket Pool protocol.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


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