EthHub Weekly #158

Aave AMM market released, Aztec 2.0 launched, OpenSea raises $23mil, Dune v2 now live and much more!

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


[Sponsored] Visor Finance allows DeFi participants to mint NFT’s that are called 'Smart Vaults' in order to deposit ERC20 assets inside and stake in liquidity mining programs.

Visor Finance Smart Vaults are a game-changer for liquidity miners because they’re able to reap rewards while maintaining custody of their assets rather than depositing them in a project's unaudited smart contract.

And it seems the demand for this type of solution is here. Visor has only been live for about a week and so far 1,000+ 'Smart Vaults' have been minted. This comes in anticipation of upcoming projects seeking to provide their liquidity mining programs to LP's that stake in these 'Smart Vaults'. Head here to mint your first Visor NFT.


⚒️ The Merge

Mikhail Kalinin posted a proposal to the Ethereum Github repository last week which proposes to speed up the merger of eth1 <> eth2 - prioritizing it for after the London hard fork (scheduled for July). This means that the merger could be done as early as Q1 next year (I doubt it’d happen Q4 this year). Though the merger is definitely something that pretty much everyone in the Ethereum ecosystem wants (except maybe most miners) and I believe we will see a concerted effort to get it done asap.

2 media appearances from me this week - I joined DeFi Dad on Yield TV to talk all things layer 2 (watch here) and I’ve started a new weekly series with David Hoffman from Bankless where we discuss all things Ethereum (watch the first episode here).

Have a great week everyone!

Anthony


News of the Week

🤔 Crypto Exchange Kraken Could Go Public Next Year

Kraken could go public next year via a direct listing, a spokesperson of the cryptocurrency exchange told The Block.

Direct listing means Kraken won't choose the traditional IPO or the special purpose acquisition company (SPAC) routes. The spokesperson said Kraken is "too big" for the SPAC route.

Fox Business reporter Charles Gasparino tweeted Tuesday that Kraken could go public in 2022 either via a SPAC or an IPO.

Kraken's plans of going public were first revealed earlier this year when its CEO Jesse Powell said he'd make the exchange go public at a valuation of above $10 billion. Kraken is reportedly in talks to raise funds in a move that could see its valuation reach that level.

🤯 Morgan Stanley to Offer Wealth Management Clients Access to Bitcoin Funds

Morgan Stanley alerted its wealth management advisors Wednesday that the Wall Street giant will begin offering access to at least one bitcoin-related fund to accredited wealth management clients.

It's the latest sign of bitcoin adoption on Wall Street and a big development for the cryptocurrency in the wealth management channel. Morgan Stanley's wealth management unit boasts 16,000 advisors, managing some $4 triillion in client assets.

According to a source at the bank, the firm could offer clients access to funds operated by NYDIG or Galaxy Digital.

On Wednesday, Morgan Stanley published a note through its wealth management unit that outlined the case for cryptocurrency as an emerging investable asset class. That piece notably suggested that would-be investors should look to publicly traded products rather than obtain direct exposure via coin ownership.


Project Updates

Ethereum Cat Herders Update #40

Berlin upgrade is announced, Ropsten testnet forked, Goerli will be forked March 17th. EIP-1559 & EIP-3238 approved for the London upgrade, Eth2 — Altair upgrade, Prater testnet, 1559 community call, events, and more.

Aave AMM Market Released

Users can now deposit LP tokens from both Uniswap v2 (DAI/USDC, USDC/WETH and more) and Balancer (WBTC/WETH, BAL/WETH).

Aztec 2.0 Launched

Aztec 2.0 includes a private rollup service, their block explorer is now live, and the alpha release of the Noir private smart contract language for Aztec 3.0.

MetaMask v9.2.0 Released

This version adds support for multiple Ledger & Trezor hardware wallet accounts, adds a warning when sending a token to its own contract address and more.

Introducing SafeSnap

Combining the Gnosis Safe with decentralized governance platform Snapshot, SafeSnap enables decentralized execution of crypto governance proposals, through on-chain execution of off-chain votes.

Gods Unchained Immutable X Linking Goes Live

You can now be among the first to have assets minted in Immutable X so you're set up and ready to trade when the marketplace launches.

Introducing the Flexible Leverage Index

FLI is a structured product in ERC20 format that enables traders to automate a target leveraged exposure in a completely decentralized manner.

Dune V2 Now Live

Dune v2 includes automatic and reliable query refreshing, a unified, much faster and prettier Dune experience and other improvements.

Fuse from Rari Capital Now Live

Fuse is an open interest rate protocol that supports any asset and it is now live on the Ethereum mainnet.

Connext Raises $2.2 Million

The round was led by Polychain Capital, with participation from 1kx and Huobi Capital. With fresh capital at hand, Connext looks to seed the early network liquidity and expand its team to launch the full network.

OpenSea Raises $23 Million

The raise was led by a16z with participation from funds Blockchain Capital, 1Confirmation and more with additional participation from angels Naval Ravikant, Tim Ferris, Mark Cuban and more.

Vega Raises $5 Million

Vega Protocol, which is building a decentralized network for trading derivatives, has raised $5 million in a new funding round from Coinbase Ventures, ParaFi Capital and more.

Overlay Raises $2.215 Million

The round had participation from Polychain Capital, 1kx, MetaCartel, The LAO, ParaFi Capital and others.

Fractional Introduced

Fractional is a decentralized protocol where NFT owners can mint tokenized fractional ownership of their NFTs. These tokens then function as normal ERC20 tokens which have governance over the NFT that they own.

Zapper is Now Multichain

Zapper will support all sorts of chains from layer 2’s to sidechains to other layer 1’s starting with Polygon and adding others over time.

Syndicate Raises $1 Million

The round was led by IDEO CoLab Ventures with participation from Electric Capital, Delphi Ventures, CoinFund, Robot Ventures, Kleiner Perkins, DeFi Alliance, Nascent, and 18 founders and angels.

1inch v3 Introduced

V3 includes a bunch of improvements such as lower transaction fees, more liquidity and other features.

Rollups Wallet Introduced

Rollups Wallet is a layer 2 wallet app that you can download for iOS that is build on zkSync which enables instant token transfers and 100x cheaper gas fees.

Pendle Introduced

Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield.

Colony's 2021 Product Roadmap

In this post, Colony details their entire 2021 roadmap which is full of a number of awesome features.

BarnBridge SMART Yield Now Live

SMART Yield allows users to tranche out the yield from the debt pools of other projects, such as Aave, Compound, Cream, or Yearn Finance to normalize the risk curve by creating derivatives for risk mitigation.

UNI Grants Program Q1 Grantees Announced

Recipients of the grants include Gitcoin, ETHGlobal NFT hacks, APY vision and others.

Compound Grants Program Now Live

You can now apply to the grants program to receive funding for various projects.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week: