EthHub Weekly #122
Eth2 launch drama, MakerDAO approves new light feeds, Aave introduces Credit Delegation, Katalyst & KyberDAO now live and much more!
🚀 Eth2 Will Launch in 2020
The Ethereum Foundation’s eth2 research team held an AMA on Reddit a few days ago and let’s just stay it kicked up quite the stir on Twitter. In case you missed it, there was a comment from Justin Drake where he suggested that eth2 wouldn’t launch until January 3rd 2021 at the earliest. This, of course, made a lot of people upset because they were under the impression that eth2 would launch in 2020. A few minutes later, Vitalik followed up with a comment saying that eth2 is still on track for a 2020 launch. Anyway, you can read more details about this whole ordeal in my latest daily gwei piece here. Eric and I will also be talking about this on the podcast.
A quick shout out to a new newsletter that I came across called ‘The Ethernaut Diaries’. If you’re a developer, this will be a good resource for you to subscribe to - do that here.
Oh and the Ethereum.org website got a fresh coat of paint and it looks awesome!
Have a great week everyone!
News of the Week
Crypto exchange Coinbase has reportedly begun preparing to go public.
A Reuters report, citing people familiar with the matter, said Coinbase's listing could come as early as this year. One source told the news outlet that the exchange is considering a direct listing instead of a traditional initial public offering (IPO).
Should the exchange receive approval from the U.S. Securities and Exchange Commission, it would become the first U.S.-based crypto exchange to become a publicly-traded company.
In a first of its kind, an Ethereum address holding 100,000 USDC stablecoin has been blacklisted.
The transaction, viewed through blockchain explorer Etherscan, shows that a "blacklist(address investor)" function was called on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, an address owned by CENTRE, the entity issuing USDCs.
In USDC's Contract Application Binary Interface, the standard by which smart contracts interact with Ethereum, we can see the address named "blacklister" matches the one that called the blacklist function. According to Circle's website, a blacklisted address will not be able to execute transactions (receiving or sending) through the USDC smart contract. Additionally, Circle adds that all USDC balances held on blacklisted addresses may be "wholly and permanently unrecoverable."
The usual round of updates from Ben including updates on phase 0, new eth2 explainers, research updates and more. Ben also added a new ‘Media’ section to the newsletter!
Various updates from the Sigma Prime team covering their work on Altona, BLST, Peer Scoring and more.
Aave depositors will be able delegate their credit lines. For example, Karen deposits an asset such as USDT to Aave and delegates her credit line to Chad, who draws funds such as ETH from Aave Protocol.
KNC holders can stake their tokens on the KyberDAO and govern the protocol by voting on important proposals and parameters, while earning rewards (in ETH) for their efforts. Any KNC holder can contribute to Kyber’s development by participating in the KyberDAO.
The News Feed allows you to keep up to date with Social Traders and Sets that you’re following as well as discover new ones.
mStable announced that it will launch its protocol token Meta (MTA) on Balancer at approximately 14:00 UTC on Wednesday, July 15th 2020.
Wesley van Heije has put together “The hitchhiker’s guide to Ethereum development” which provides a starting point for developers who’re keen to learn more about blockchain and development on top of Ethereum. Check it out here.
renBTC is now listed on Loopring.io trading against USDT. This renBTC-USDT pair is being launched with a liquidity mining incentive campaign.
Celebrity Trader is a competition where if you pick the winning trader, you’ll win their entire portfolio (that was initially funded by the DeversiFi team). The trades are made based on the sentiment of each Twitter celebrities tweets.
COMP, LEND, KNC, and REN are now available as binary options markets on the Synthetix platform.
Kyber Network, Infura, Etherscan and Gitcoin have all been added as Light Feed’s to the MakerDAO protocol.
An update from the Chicago DeFi Alliance where they recap some of their work and announced new cohort members including Gauntlet, Three Arrows Capital and Aave.
Gitcoin and Matic announced this week that they have formed a long term partnership with Matic to collectively grow the scalability community of Web 3.
Users can earn MCB tokens by providing liquidity on the platform to the AMM. This guide will walk you through how to participate in this program. Get started here.
BeaconScan is an eth2 validator explorer that features email alerts, dashboard sharing, multi-device login and other features, it's also ETH 2.0’s first independent monitoring service.
Opyn: Protecting Your DeFi Deposits and Hedging ETH Risk - Into the Ether
The Ethereum Opportunity | Chris Burniske - Bankless
Early Ethereum with Cami Russo - POV Crypto
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Frontend Engineer - Coinbase Pro
Software Engineer (DeFi) - Wintermute
Product Marketing Manager - Ethplorer
Customer / Player Support Champion - Immutable
+100’s more on the Cryptocurrency Jobs website!