EthHub Weekly #125
Ethereum turns 5, teams submit solutions for Reddit's scaling competition, Aave's token gets a revamp, Coinbase launches Dai rewards and much more!
|Anthony Sassano||Aug 3|| 5|
[Sponsored] mStable is an Ethereum DeFi project that unites stablecoins, lending and swapping into one standard. By reducing complexity and fragmentation, mStable is a step-change in the usability of stablecoins.
They’re currently hiring for positions in Ethereum development, token engineering, governance and dApp development. If this is something that you’re interested in, feel free to shoot an email to email@example.com.
🥳 Happy 5th Birthday Ethereum
Last week Ethereum celebrated its 5th birthday aka the 5th anniversary of the its genesis block - and what a 5 years it has been! I put together a short cap here in The Daily Gwei and DeFi Dad put together an excellent piece about what Ethereum looks like 5 years in for CoinDesk here (seriously, go read it).
Justin Drake from the Ethereum Foundation announced this week that they are building an internal security team dedicated to eth2! Fuzzing, bounty hunting, pager duty, cryptoeconomic modelling, applied cryptanalysis, formal verification - if any of these words mean anything to you, feel free to shoot an email to firstname.lastname@example.org with your application.
I joined a Kraken webinar last week to talk Ethereum and DeFi alongside Ryan Sean Adams, Andrew Keys and William Mougayar - you can watch that here. I also joined Alex Saunders of Nuggets News for our monthly Ethereum recap video here.
Finally, if you’re interested in being part of a “launch viewing” for the official eth2 phase 0 multiclient testnet (Madella) which is going live at 12:30UTC on August 4th then head here.
Have a great week everyone!
News of the Week
Hardware wallet company Ledger said Wednesday that it suffered a data breach of its marketing and e-commerce database in late June.
Contact and order information for customers was exposed, but the firm said payment information and crypto funds were unaffected. Affected customers have now been notified via email, according to Ledger, which detailed the specifics behind the breach in a blog post published early Wednesday.
Ledger first realized the vulnerability when a researcher participating in the firm's bounty program got in touch about a potential breach on the Ledger website on July 14. Though Ledger said it immediately patched the breach and opened an internal investigation, it realized the vulnerability had already been exploited weeks earlier, on June 25, when a third party accessed the marketing and e-commerce database using an API key that has since been deactivated.
The FBI and local officials have arrested three individuals who allegedly committed the largest hack in Twitter’s history.
Florida resident Graham Clark was arrested Friday morning, according to Florida news channel WFLA. State Attorney Andrew Warren filed 30 felony charges, including organized fraud, communications fraud, fraudulent use of personal information and access to computer or electronic devices without authority, WFLA reported.
Federal officials are also charging Nima Fazeli and Mason John Sheppard with aiding in the “intentional access of a protected computer” and conspiracy to commit wire fraud and money laundering, according to criminal complaints published Friday.
Warren intends to try Clark, who is 17 years old, as an adult; Florida law allows minors to be charged as adults in some financial fraud cases.
The Twitter hack compromised the accounts of top cryptocurrency exchanges, and prominent crypto twitter accounts (including CoinDesk), before moving on to mainstream accounts including Elon Musk, Warren Buffet, Kanye West, Joe Biden and former President Barack Obama.
22 projects and teams submitted their scaling implementations to Reddit’s scaling competition including StarkWare, Fuel Labs, MatterLabs and more. You can check out all of them here.
🔥_🔥 is a collective of passionate crypto natives fully entrenched in the web 3 world, designing strong token economic and governance systems for major players in DeFi and beyond.
Coinbase customers in the US, UK, Netherlands, Spain, France, and Australia can now access a 2% APY on their Dai through Coinbase.
The Aave team introduced their new tokenomics upgrade proposal this week which includes key things such as a migration from LEND to AAVE at a 100:1 basis, the introduction of a safety module, liquidity mining and more.
Founder of Synthetix, Kain Warwick, gives a run down of where the project/protocol is today and plans for the future.
Synthetix also released an update announcing that the Synthetix Foundation has been decommissioned and the protocol is now under the control of three distinct DAO’s: the protocolDAO, the grantsDAO, and the synthetixDAO.
zkPorter is a new L2 scaling technique combining zkRollup and sharding in a highly scalable yet atomically composable blockchain network.
EARN consolidates all of mStable’s incentivised liquidity pools into one place, and lets anyone track their Meta rewards in real time.
Fuel Labs created a demo of their optimistic rollup technology using the infamous TwitchPlaysPokemon game - check it out here.
Updates on on-going audits, hummingbot, new pairs and liquidity mining added to the exchange, advanced orders added to the relayer and more.
Farmers can earn UMA by providing the yUSD “Yield Dollar” token into a 50/50 yUSD <> USDC pool on Balancer.
The Graph’s incentivized testnet, Mission Control, is a competition where Indexers can operate nodes, complete missions and contribute to improving The Graph Network ahead of mainnet launch.
You can now download the beta version of the app here. In this first version, users have access to read-only features after adding a Safe. In the future, the team is planning to add functionality to initiate and sign transactions from mobile
KeeperDAO raised a “seven-figure” seed round led by Polychain Capital and Three Arrows Capital.
Using InstaDApp, you can create a short position by up to 14x via a Maker USDC Vault in a single click without price volatility risk.
Updates on client diversity, state bloat, Medalla testnet, Eth2 attacknets and more.
Boardroom is a universal governance dashboard and SDK for DeFi and cryptocurrency protocols.
You can now read all about the technical aspects of the Ethereum Push Notification Service in their shiny new whitepaper.
You can now trade thousands of tokens using Dharma’s Uniswap integration and pay zero gas fees while doing so. The Dharma app also got a fresh coat of paint!
467 volunteers from 52 language groups have helped make ethereum.org accessible to non-English speaking communities in their mother tongues.
Two new markets now live along with minor changes to the platform.
The Augur v2 protocol contracts have been successfully deployed to the Ethereum Mainnet which means it’s now live!
Luxor is a decentralized data spreadsheet that includes support for Ethereum. You can watch a demo video here.
You can check it out here.
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Investing in DeFi | Joey Krug - Bankless
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Backend Engineer - Ledger
Full Stack Developer - MakerDAO
Security Engineer/Auditor - ConsenSys
Business Operations & Strategy Associate - Coinbase
+1000’s more on the Cryptocurrency Jobs website!
Protect Your Crypto
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