EthHub Weekly #171

London testnet dates announced, The Graph and Optimism team up, Futureswap v3 detailed, dYdX Closes $65 Million Series C and much more!

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

💰 Giving Season

Well it’s that time of the year again where we all get to donate to our favorite projects on Gitcoin and those donations get matched quadratically! This round has $650,000 of matching rounds up for grabs across hundreds of awesome projects do if you haven’t donated yet, be sure to do so here. Eric and I also wanted to extend a big thank you to all of those that have already donated to EthHub’s grant - we really appreciate it!

I joined The TIE this week to talk all things Ethereum, ETH and ETH 2.0 - you can watch/listen to that here.

Have a great week everyone!


News of the Week

🇸🇻 Goldman Sachs Plans to Offer Ether Futures, Options to its Clients

Goldman Sachs plans to expand its client-facing crypto offerings with ether options and futures, according to a Monday report by Bloomberg.

The move is expected "in the coming months," the publication reported, citing Mathew McDermott, Goldman's head of digital assets.

Goldman Sachs moved to restart its crypto services this year amid growing interest among institutional investors and its own client base, as previously reported. The core of these offerings has centered around derivatives tied to cryptocurrencies like bitcoin.

🤔 Sichuan Orders State Power Grid to Cut Supply for 26 Bitcoin Mining Farms

Sichuan, a major Chinese bitcoin mining hub, due to its abundant hydroelectricity, is the latest province that has issued an order to shut down local bitcoin miners.

The Sichuan Energy Bureau and the Sichuan Development and Reformation Commission jointly issued a document on Friday to their subordinate state-owned power generators and distributors.

Based on the document that is circulating on WeChat, seen and verified by The Block, the government agencies have outlined two main measures in regards to closing down local bitcoin miners. This will have been triggered by the high-level comment on bitcoin mining brought up in the Chinese State Council's meeting last month.

The measures will directly impact the 26 mining entities that had tried to work with the government, those that had set up in specific industrial zones and registered with the government. It will also seek to crack down on smaller mining operations that get their electricity privately from smaller power plants — under the radar of the State Grid — but this may be less effective.

Project Updates

What’s New in Eth2 - 18 June 2021

Updates on the Beacon Chain, Altair, the merge, staking and more in this weeks edition of what’s new in eth2.

London Testnets Announced

The next Ethereum network upgrade, London, will be going live on the Ropsten testnet on June 24th, followed by Goerli on June 30th and then Rinkeby on July 7th. A mainnet date has not yet been set.

Gitcoin Grants Round 10 Now Live

Donate to all of your favorite projects on Gitcoin and they’ll receive a share of $650,000 during the current matching round.

Maker to Implement Flash Mint Module

This new module allow anyone to get guaranteed access to 500 million in DAI liquidity. Previously borrowers would be constrained by the amount of liquidity available in lending pools, but Maker has no such restriction as it can mint DAI into existence.

The Graph to Support Optimistic Ethereum

Optimism and The Graph have partnered up. The Graph will be providing indexing and querying services to developers building on the Optimistic Ethereum L2 to help Ethereum scale.

The Graph also awarded a $60 million grant to StreamingFast to join The Graph ecosystem as a core developer team.

Element Finance Product Updates

Updates include an overhauled app UX, new naming nomenclature, a redesigned website and more!

Pendle Mainnet Announcement

Pendle has now been released to mainnet in a beta capacity with a liquidity mining program included.

Rotki v1.18.0 Released

Highlights of this release include support for Australian-based exchange Independent Reserve, more accurate asset search component and Rotki can now be minimized to the tray.

Futureswap v3 Detailed

The main features of Futureswap v3 include native Arbitrum layer 2 support, a protocol redesign, more leverage, more assets and no impermanent loss.

Kyber and Polygon Team Up

The Kyber DMM will be deployed to the Polygon network on June 30th along with a liquidity mining program.

dYdX Closes $65 Million Series C

The round was led by Paradigm with participation from other investors including QCP Capital, HashKey, Delphi Digital, StarkWare and more.

Ramp Raises $10.1 Million

The round was led by NFX and Galaxy Digital with participation from a bunch of other investors.

Lyra Finance Announced

Lyra is DeFi’s first complete options AMM with features such as unified liquidity across all strikes and expiries, automated delta hedging for LPs, instant transactions and much more.

INST Token Now Live

The INST token along with governance is now live on the Ethereum mainnet. From this point onwards, all protocol upgrades will occur transparently through open community discussion and INST-holder voting.

Goldfinch Raises $11 Million

Goldfinch, a decentralized credit protocol, has raised $11 million in a round that was led by a16z crypto.

Ribbon Finance Launches Liquidity Mining

Ribbon users are now able to stake their vault deposit tokens and receive RBN over the next 1 month.

Gysr v2 Introduced

This platform-wide update introduces major architectural, functional, and economic improvements.

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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