EthHub Weekly #151

Reddit partners with the EF, LRC tokenomics revamped, HopProtocol exits stealth, Alpha Homora v2 live and much more!

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

🤔 Going Mainstream

Is it just me or does crypto feel like its going more mainstream lately? We have billionaires talking about it, internet celebrities talking about it, companies putting crypto on their balance sheet and of course the market is starting to feel a lot like 2017 again. I wrote more of my thoughts on this here but generally I believe this is a good thing and a sign that the crypto space is maturing - it’s gone from a joke/fad to something that many people now see real value in. Of course, most of the value is being created on Ethereum so I expect to see many new faces ‘round these parts over the coming months!

In case you missed it - I joined Alex Saunders from Nuggets News to discuss all things Ethereum and you can watch that here.

Have a great week everyone!


News of the Week

💰 Coinbase Officially Announces Bid to Become Public Company via Direct Listing

Coinbase has made official its plan to go public by way of a direct listing, according to a blog post released Thursday by the U.S.-based crypto exchange.

"Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”)," Coinbase wrote in the blog post.

Coinbase announced in mid-December that it filed a confidential S-1 with the U.S. Securities and Exchange Commission. 

"The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions," Coinbase said Thursday.

As The Block previously reported this month, Coinbase told shareholders that it would launch a secondary market for its private stock on Nasdaq Private Market.

💳 Visa's Q1 Earnings Call Reveals Details About its Crypto Strategy

Visa dedicated a section to crypto during its Q1 2021 earnings call today. In his prepared remarks, CEO Alfred Kelly said Visa is poised to make crypto payments safer and more widely used through its partnership approach. 

Kelly said Visa plans to work with wallets and exchanges to enable Visa users to purchase crypto-assets, and to allow users to cash out and make fiat purchases with their crypto.

During the call, Kelly described how the payments giant sees digital assets. At the moment, Visa sees two classes of digital assets, according to Kelly. Those that represent new assets, like bitcoin, Visa views as "digital gold," and those that are fiat-backed, including stablecoins and central bank digital currencies. He called the second category "an emerging payments innovation that could have the potential to be used for global commerce."

Kelly also teased the possibility of Visa enabling crypto as a payment itself, rather than converting crypto to fiat for payments. 

"It goes without saying to the extent specific digital currency becomes a recognized means of exchange, there's no reason why we cannot add it to our network, which already supports over 160 currencies today," said Kelly.

Project Updates

Reddit Partners with the Ethereum Foundation

Reddit has teamed up with the Ethereum Foundation to establish Reddit’s first-ever blockchain partnership that will focus on scalability.

Ethereum Cat Herders Update #37

YOLO v3, Berlin & difficulty bomb update, network upgrade survey in Eth1.0, first eth2 update, client status, 1559 implementers meeting & new resources, EVM 384 & BLS curves discussion, EIPIP meeting, ECH, EEA Education series, and community updates.

What’s New in Eth2 - 29 January 2021

Your latest eth2 news roundup from Ben including updates on the Beacon Chain including a look at the first hard fork, eth2-related media and much more!

Devcon Delayed

The next Devcon has been delayed to an unknown date due to the COVID19 pandemic. A date will be announced sometime in the future.

StarkWare and Aztec Release Polaris Prover License

StarkWare announced the Polaris License, which is a license the team intends to use for Prover source code made available to the ecosystem. Aztec has joined StarkWare to work on this initiative.

HopProtocol Exits Stealth

Hop is a protocol for sending tokens across rollups and their shared layer-1 network in a quick and trustless manner.

LRC Tokenomics v2 Announced

The LRC token that powers the Loopring ecosystem will be getting a total revamp and will be able to capture protocol fees and be used in governance.

dYdX Raises $10 Million

dYdX has raised a $10M Series B round led by Three Arrows Capital and DeFiance Capital with participation from Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital.

uLABS Volatility Token Introduced

uLABS introduced a simple token named uVOL that can track the volatility of any asset.

On the Road to StarkNet

In this post, StarkWare details the entire StarkNet rollout plan from foundations to a universe of rollups.

Ronin Mainnet Now Live

Ronin is an Ethereum sidechain that aims to scale the Axie Infinity universe and is now on mainnet and ready for players to migrate across.

Balancer V1 in Review

In this post, rabmarut recaps all the growth Balancer has had since it launched its v1 in 2020.

Balance will also be reimbursing users gas costs until v2 is live.

Set V2 Asset Management Suite Launched

Anyone in the world can now create a tokenized basket, accept capital, implement fees, and access DeFi.

ETH yVault Relaunched

The vault has been revamped and is able to accommodate high demand that the v1 yVault experienced. Further, the team has implemented a buffer for withdrawals and more efficient debt management.

Spendless Announced

Spendless allows you to earn interest on your DAI and then donate that interest automatically to various charities.

Alpha Homora v2 Launched

Alpha Homora v2 has now officially launched. You can read this post to get a view on v2 from a lenders perspective, this post for a view from a yield farmers perspective, and this post for a general overview of v2.

Arbitrum Rollout Introduced

Arbitrum Rollout is a full L2 demo on Arbitrum with apps like Bancor, Bounce, McDex and more.

Parsec Launched

Parsec is a Bloomberg-like terminal for DeFi. It is the beating heart of the market, equipped with real-time data streams and rich high fidelity visualizations that paint a picture of an often opaque market.

Ren Ecosystem Update

This updates covers new partnerships, Dogecoin on Ethereum, volume growth, community updates and more.

Biconomy Forward Announced

Projects that integrate Biconomy Forward can allow their users to pay gas fees using ERC20 tokens and stablecoins instead of just ETH.

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

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