EthHub Weekly #145

EIP-1559 update, Maple Finance raises $1.3mil, Loopring and DeversiFi team up, AlphaX Detailed and much more!


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


❤️ We Appreciate You

Eric and I wanted to extend a big thank you to everyone who donated to EthHub’s Gitcoin Grant during the matching round - we really appreciate it! We also hope that you donated to all of your favorite projects but if you didn’t get a chance to this round then don’t fret - the next matching round is scheduled for February!

Eric and I also recorded an awesome episode with DCInvestor and the Bankless duo David Hoffman & Ryan Sean Adams last week going over the bull case for Ethereum and ETH. That episode will be out during this week so keep your eyes glued to Twitter for news of that one or subscribe to the Bankless podcast here to be the first to know.

Have a great week everyone!

Anthony


News of the Week

🤯 CME Group Announces Ethereum Futures Product

CME Group will list an Ethereum (ETH) futures product next year, the firm said Wednesday.

CME Group, which gate-crashed the crypto derivatives world with a bitcoin futures contract at the height of the 2017 cycle, said on Wednesday — as bitcoin topped $20,000 that it would launch futures tied to Ethereum.

The product is coming to market February 8, subject to regulatory approval. It will be cash-settled and based on the firm's CME CF Ether-Dollar Reference Rate. According to CME's website, one contract will be equal to 50 ETH.

"Building on the success of Bitcoin futures and options, CME Group will add Ether futures to the cryptocurrency risk-management solutions available to trade in February," the firm said.

😔 Nexus Mutual Founder’s Personal Wallet Attacked

Hugh Karp, the founder of DeFi insurance protocol Nexus Mutual, experienced an attack that resulted in a loss of more than $8 million.

Nexus Mutual announced the news via a Twitter post on Monday, saying that Karp's personal wallet address was attacked and drained by a member of the protocol.

The address contained 370,000 NXM (Nexus Mutual) tokens, currently worth about $8.25 million. 

Karp told The Block that the attacker tricked him into approving one transaction, somehow gained access to his computer, and altered his MetaMask extension.

"Then when I was performing an unrelated transaction, MetaMask popped up with a spoof transaction, and I subsequently approved it, thinking it was the transaction I was intending to conduct. Instead, it was transferring NXM to their wallet," said Karp.

Nexus Mutual is unaffected and nobody else is impacted, he said. "My private keys are still secure. The attacker didn't get access to them. They tricked me into signing a spoof transaction," said Karp. 


Project Updates

The State of 1559 - Update 005

Preliminary 1559 PR opened against the Geth codebase, testnet growing slowly, early results for transaction pool management coming in and much more updates in this post from Tim Beiko!

Maple Finance Raises $1.3 Million

Maple raised a $1.3 million seed round for its MPL governance token from Framework Ventures, Alameda Research, Aave founder Stani Kulechov, Synthetix founder Kain Warwick, FBG, The LAO and others.

Union Raises $3 Million

Union has raised $3M in funding to build a global, permission-less credit network, enabling any person, or smart contract, with access to Ethereum the ability to accrue credit.

Perpetual Protocol Live on Mainnet

You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at perp.exchange.

Loopring & DeversiFi Announce L2²

L2² is the Ethereum industries first layer 2 committee & working-group.

AlphaX Detailed

AlphaX is a the decentralized, non-orderbook perpetual swap trading market. AlphaX will not only allow Alpha Homora users to hedge their leveraged yield farming/liquidity providing positions, but will also bring the DeFi space a new class of trading products previously unavailable on-chain.

Uniswap Introduces Sybil.org

Sybil.org is a governance tool for discovering Uniswap and Compound delegates. Sybil maps on-chain addresses to digital identities, while avoiding on-chain transactions and user signups.

Zapper Product Updates for November 2020

Lots to unpack in this update from Zapper including the 0x API integration, new Zaps on the platform, new dashboard support and much more.

Coinbase Registers With the SEC

Coinbase Global, Inc. announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions.

The Graph Network Now Live

The Graph’s decentralized relayer network is now live and the GRT token can now be traded.

Index Coop Creative Challenge Now Live

The goal of the creative challenge is to create content and awareness for the Index Coop, all while receiving up to $15,000 worth of INDEX prizes in the process.

PoolTogether Closes Funding Round

PoolTogether Inc. has closed a seed extension round led by ParaFi Capital with participation from Nascent, Robot Ventures, MetaCartel, The LAO, Houbi DeFi Labs, and additional angels.

MakerDAO’s Year in Review: 2020

It’s been an eventful year for MakerDAO - from the MCD transition to the drama of Black Thursday - this post details it all.

IDEO CoLab Ventures Announces Residency Program

The residency program will focus on DeFi and act as a collaborative incubator for promising decentralized finance founders and startups.

Tornado.Cash Announces Token

Along with the TORN token comes a governance system and a liquidity mining program for Tornado.cash.

Compound Chain Announced

Compound Chain is a new blockchain from the Compound team that aims to become a hub of connectivity for other blockchains.

Staking Traffic Light System Introduced

EthStaker community member Superphiz has put together a ‘staking traffic light system’ with the goal of ranking staking solutions in a way that benefits users and the beacon chain.

rTrees Introduces Spendless

Spendless is a friendly way yo earn interest on your crypto and put it to work.

Perpetual Protocol Live on Mainnet

You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at perp.exchange.

Solidity 0.8.0 Released

Lots of big changes in this update for solidity developers which means it is a breaking release for Solidity.

GYSR Monthly Issue #1

A look back at the first month of GYSR’s existence with updates across the board.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub: