EthHub Weekly #101

mStable introduced, High Priests announced, Authereum now live, Opyn on mainnet and much more!

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

🏔️ ETHDenver!

Before I jump into the ETHDenver stuff, I wanted to let you all know that in my efforts to reach new people outside of Ethereum, I’ve started doing a monthly Ethereum update video with Alex Saunders of Nugget’s News. You can check out our first one here (don’t forget to subscribe to his channel too)!

Well, ETHDenver is over but I had an amazing time meeting more of my online friends and getting to see all of the amazing projects that the hackers had built. The outpouring of support for EthHub was amazing and I can’t thank you all enough for the kind words. I’ll be discussing a bit more of my experience at ETHDenver on our weekly recap podcast (which will go out a day later this week). I’ll also be doing a tweet thread about my favourite projects once I have a little more time (should be done in the next couple of days).

Oh and I’m literally finishing up this newsletter at LAX waiting for my flight home right now so that’s why it’s a few hours late - sorry :)

Have a great week everyone!


News of the Week

⚖️ U.S Agencies Want to Clamp Down on Crypto

Federal agencies within the U.S. Department of Justice and the Treasury Department are seeking millions of dollars in additional funding for FY 2021 to support their cryptocurrency oversight and enforcement efforts, a review of public budget documents shows.

The Trump administration unveiled its $4.8 trillion budget plan on Monday. As CoinDesk reported at the time, the budget summary notably focused on a plan to move the U.S. Secret Service from the Department of Homeland Security to the Treasury Department, its original home. 

“Technological advancements in recent decades, such as cryptocurrencies and the increasing interconnectedness of the international financial marketplace, have resulted in more complex criminal organizations and revealed stronger links between financial and electronic crimes and the financing of terrorists and rogue state actors,” the summary document states. 

A closer look reveals that major agencies within Treasury are seeking Congressional funds to beef up their existing crypto efforts. FY 2021 begins on October 1, 2020.

🤔 JPMorgan in Talks to Merge Blockchain Unit with ConsenSys

Investment banking giant JPMorgan is reportedly in discussions to merge its blockchain unit Quorum with Ethereum development studio ConsenSys.

Reuters reported the news on Tuesday, citing “people familiar with the plans.” The deal could formally be announced within the next six months. Notably, Quorum is an Ethereum-based blockchain network.

"Will hopefully be able to share more details soon, but for now, the details in the Reuters story are all we are sharing," a spokesman for ConsenSys said.

The investment bank has reportedly been considering spinning-off Quorum for around two years. The Quorum brand, however, could remain after the merger.

A merger with ConsenSys would also have no impact on JPMorgan's Interbank Information Network (IIN) and other projects running on Quorum, per the report. IIN was launched in 2017 and allows member banks to exchange information related to international payments on Quorum. Some of the notable banks on the network include Deutsche Bank, Royal Bank of Canada and Australia and New Zealand (ANZ) Banking Group, among others.

Project Updates

mStable Announced

mStable is a protocol for unifying and securing tokenized assets on Ethereum. They’ll be going live on mainnet in the next few months and will include an open reward pool to bootstrap liquidity, utility and a decentralized community of governors.

High Priests Announced

High Priests is a website that allows you to donate money to open source projects on Gitcoin by delegating your funds to “high priests”. The real magic is that these are no-loss donations as only the interest generated on your DAI is donated to projects (through rDAI).

Eth 2.0 Dev Update #44 — “More Optimizations”

Your bi-weekly update from the PryLabs team with the announcement of a new teammate, Victor Farazdagi (congrats!), code updates, lots of optimization updates and much more.

Notify Announced

Notify is a notification dapp that works with all Ethereum wallets. You can use it to notify users of updates like liquidations, kittys mated with or whatever you want. Simply call the contract and the user gets the message as a token.

Dharma iOS App Live

Dharma’s new iOS App lets you earn 7.3% APR on your dollars by simply linking up your debit card to the app.

Status v1 Now Live

Status v1 is live and available in the App Store, Playstore, & via APK. Peer-to-peer messages, borderless financial transactions, & secure dapp exploration all from your smartphone.

Opyn Now Live on Mainnet

Opyn allows users to protect their Compound Finance deposits against both technical and financial risk by introducing a two-sided marketplace for tokenized put options called oTokens.

Authereum Now Live

Authereum is an Ethereum wallet interface that comes packed with features and integrations. This week, they went live on the Ethereum mainnet so you can check them out now. They also announced raised $1.1mil from investors.

Etherscan Adds ‘Private Token Ignore List’ Feature

You can now hide all of those pesky “shitcoins” from your Ethereum wallet balance on Etherscan by simply blacklisting the token contract.

Gitcoin Announces Weekly Mini CLR Rounds

These new weekly mini CLR rounds will be funded by Gitcoin’s 10% bounty fee (around $200 a week) and any earning on the platform is eligible for matching.

1inch Releases Leverage Aggregator is an leverage aggregator with automated trading strategy, lowest price slippage and gas costs. 1inch claims that they can achieve the best results by using flash loans and a liquidation bot.

tBTC on Ropsten

tBTC was launched on the Ropsten Ethereum testnet this week which means users can now play around with the dapp and mint tBTC.

Celer Launches Lyra Mainnet

This week, Celer announced the launch of their layer-2 state channel mainnet upgrade, Lyra, on Ethereum.

Introducing Splunk Connect for Ethereum

You can now ingest Ethereum node data into Splunk using the Splunk Connect app.

DAI on Coinbase Commerce

Merchants can now accept DAI as a form of payment using the Coinbase Commerce system.

Optimistic Virtual Machine Alpha

Optimism announced that they are open-sourcing the engine that powers a fully EVM compatible Optimistic Rollup.

Introducing MetaClan

MetaClan is the first eSports DAO focused on leveraging enhanced play-to-earn mechanics to unlock value for developers, players and spectators.

Enjin Live on Mainnet

The Enjin all-in-one blockchain development platform went live on the Ethereum mainnet this week.

Community Member Spotlight

This week we’re highlighting the great work of Viktor Bunin!

Viktor is a Protocol Specialist at Bison Trails and also a volunteer at community events including ETHDenver and LNConf. Viktor also spent some time working at ConsenSys in their blockchain product strategy & token design divisions.

Keep up the great work Viktor!

Interesting Tweets

Ecosystem Bits

Blog Posts




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