EthHub Weekly #154
Berlin timeline announced, ETHGlobal announces NFTHack, RAI now live and much more!
Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)
đŁď¸Â A Bumpy Road
Well the last 24-48 hours in the markets have been quite wild, huh? ETH hit a new all time high of $2038 and then fell 26% to $1507 before quickly slingshotting back up again. For those whoâve been around for a while, this is nothing new and just par for the course in crypto but for the newer people this may have seemed quite scary! Donât fret though - this doesnât mean the bull market is over or anything - it just means that the market âresetâ itself after getting a bit too overheated!
Have a great week everyone!
-Â Anthony
News of the Week
đ°Â Blockchain.com Raises $120 Million
Blockchain.com, the London-based crypto wallet and exchange operator, has raised $120 million from a group of macro investors.
American hedge fund manager Louis Baconâs Moore Strategic Ventures, Hayman Capital Management founder Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, GV, Lakestar and Eldridge all participated in the round.
The firm has now raised more than $190 million to date.Â
Blockchain.com founder and chief executive told The Block the money would be used to âfurther credentialize the company to institutional clients around the world, and build further bridges and trust between the traditional finance sector and crypto.â
đ¤ŻÂ Coinbase Stock Trading at $100 Billion Implied Valuation
Deep-pocketed investors appear hungry for Coinbase equity ahead of the crypto exchange's long-awaited direct listing.
As per data compiled by The Block, the average clearing price for shares on Nasdaq Private Market continues to tick higher since the first secondary sale four weeks ago. The most recent cleared price was $373 a share, which would imply a valuation of about $100 billion.
That's an increase from the first average cleared price of $200 in January, according to data shared with The Block.
Nasdaq enables secondary offerings for Coinbase stock, a process that allows ex-employees and investors of the crypto exchange to sell their shares.
The secondaries start Monday morning and end Thursday afternoon each week. The auctioning and clearing process happens after the close and results are posted Friday morning. The identities of the bidders are not clear at this time, but a source said that they are likely large investment firms.Â
Project Updates
Berlin Timeline Announced
The next Ethereum network upgrade will be deployed to mainnet on the 14th of April 2021 (if everything goes well with the testnets).
Eth2 Hard Fork Proposal 1 Detailed
In this document Vitalik details all of the changes coming to the Beacon Chain as part of its first hard fork (due mid-year).
Become an EIP Editor
Ethereum is looking for new EIP Editors to moderate the EIP repo - check out this post to see how you can get involved.
ETHGlobal Announces NFTHack
NFTHack is a hackathon that will take place from March 19th to March 21st and will, as the name suggests, focus on all things NFTs.
Coinbase Launches Staking Waitlist
Coinbase has opened a waitlist for their eth2 staking service that will offer users 7.5% APR on their ETH with a 25% commission fee.
Introducing Alchemix
Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary deposits of stablecoins.
Blocknative Mempool Explorer Updated
Itâs now easier than ever to watch your wallet, top stablecoins and top DEXs using Blocknativeâs mempool explorer tool.
RAI Now Live
RAI is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. You can read more about it here.
Illuvium Tokenomics Detailed
This post aims to explain the tokenomics of the $ILV token, rigorously breaking down the total maximum supply of 10,000,000 as well as explaining the fundamental revenue streams built into the protocol.
Synthetix Anhydrite Product Release
This post represents some of the key additions made since November 2020âs Bornite product release.
Rocket Pool â Staking Protocol Part 2
This is part 2 of Rocket Poolâs Staking explainer series in which they break down the protocol and how the trusted node DAOâs work.
InstaDApp Introduces the DeFi Smart Layer
DeFi Smart Layer (DSL) is a financial infrastructure layer for the decentralized internet, to make accessing and maximizing DeFi easy for all users and developers. InstaDApp also introduced their native governance token.
Introducing POOL
The native token of the PoolTogether protocol, POOL, went live and control of the PoolTogether Protocol now rests solely with the community.
Ribbon Finance Announced
Ribbon Finance is a new company focused on creating crypto structured products on DeFi. They are focused on building new financial products that can be created through cross-protocol composition, to help users achieve a superior risk-return profile than they would be able to on their own.
Charged Particles Raises $750k
With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. They raised a pre-seed round from investors The LAO, CoinGecko, ParaFi Capital and more.
Bitwise Launches DeFi Index Fund
The fund gives investors exposure to UNI, AAVE, SNX, MKR, COMP, UMA, YFI, ZRX and LRC.
Introducing Continuous ESD
The next iteration of the ESD experiment will be a two-token, protocol-owned collateral algorithmic stablecoin.
Introducing Babylon.finance
Babylon.finance is a new DeFi protocol aiming to be a community-led asset management platform.
Reviews DAO Announced
Reviews DAO is a place for peer to peer reviews of smart contracts and systems on Ethereum.
BadgerDAO Launches with StarkNet
This represents the 1st gas-free zkRollup AMM dedicated to tokenized Bitcoin.
Liquity Bug Bounty Program Announced
Earn up to $50,000 for finding vulnerabilities in Liquityâs system.
Interesting Tweets
Ecosystem Bits
Blog Posts
Podcasts
Building DeFi on Layer 2 | Synthetix, Loopring, Immutable - Bankless
Stani Kulechov on Why Aave Is So Successful - Unchained
Misc
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Marketing Lead - Set
Front-End Engineer - Yield
DApp Developer (ReactJS) - OctoFi
Social Media Marketing & Brand Ambassador Manager - APY Vision
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