EthHub Weekly #172

Polygon announces Avail, Optimism teams up with Infura and Alchemy, Risk Harbor exits stealth, Gods Unchained announces token and much more!

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

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🔥 Watch It Burn

With EIP-1559 live on its first testnet (Ropsten) we can now see how EIP-1559 behaves on a public Ethereum network! Mohamed Mansour has put together this website that allows you to watch transactions in real time and see how much ETH is being burned per transaction.

The Ethereum Foundation’s research team did an AMA on Reddit last week and you can read all of the questions and answers here.

Have a great week everyone!


News of the Week

💰 a16z Officially Launches New $2.2 Billion Crypto Venture Fund

Andreessen Horowitz — the prominent venture capital fund led by Ben Horowitz and Marc Andreessen — announced Thursday the close of its third crypto venture fund, a $2.2 billion fund that the firm says is the largest of its kind.

The new "Crypto Fund III" will be co-led by Chris Dixon and Katie Haun. 

"The largest crypto fund ever raised to date, Crypto Fund III is a validating moment for the ecosystem and another sign that crypto becoming an ever more mainstream part of our financial infrastructure," the firm said in a press release. 

🏦 Bank of Israel Adopts Ethereum for Digital Shekel Trial

The Bank of Israel has adopted Ethereum blockchain technology for an internal pilot project to examine the digital shekel, a source close to the matter has told "Globes." Ethereum is the world's second biggest cryptocurrency after Bitcoin.

To implement the project the Bank of Israel IT department team has issued a token based on the blockchain technology of Ethereum, which represents digital shekels, and has set up digital wallets into which team members of the venture can transfer "imaginary digital shekels" to each other within the Bank of Israel.

At this stage no real money is involved and the digital transfers are only part of a trial. Use of Ethereum is within a closed network and is in no way connected to the general Ethereum currency network.

Project Updates

AllCoreDevs Update 004

Tim Beiko provides all the latest information about what’s going on with Ethereum core protocol development - from the status of London (now live on Ropsten), the merge and more.

Ethereum Cat Herders Update #46

Updates on stateless Ethereum, Merge implementers meeting, Altair and London upgrade progress, EIP-1559 gas API call and more.

Polygon Announces Avail

Avail is a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains & off-chain scaling solutions.

Alchemy and Optimism Team Up

The Alchemy developer platform will be supporting Optimism enabling developers around the world to reliably tap into Optimism’s scaling capabilities.

Infura Launches Support for Optimism

Infura announced this week that they are now live with support for the Optimism Layer 2 scaling solution in time for the Optimism launch on Uniswap.

Introducing Solidify

Solidify is a smart contract security tool that uses a large signature database and a pattern matching engine to reliably detect contract features and their risks, standardize and score smart contract risks, suggest mitigation strategies, and generate detailed reports

Element Finance Heads to Mainnet

Element Finance will be launching on the Ethereum mainnet with initial support for LUSD on June 30th follows by DAI, USDC, alUSD, ETH, and BTC thereafter.

RabbitHole Raises $3.6 Million

The $3.6 million seed round was led by Electric Capital with participation from ParaFi Capital, Framework Ventures, Edge & Node and more.

Maker Growth Core Unit Announced

The Maker Growth Core Unit is a company born out of the MakerDAO community, dedicated to the continued growth of the Dai stablecoin and the Maker protocol through strategic partnerships and business development.

Arbitrum and Anyswap Team Up

Anyswap is now live on Arbitrum enabling cross-chain swaps between other layer 1 and layer 2 chains.

Risk Harbor Raises $3.2 Million and Hits Mainnet

Risk Harbor emerged from stealth, armed with a $3.25 million seed round co-led by Framework Ventures and Pantera Capital. Risk Harbor operates as a two-sided marketplace in which DeFi depositors are able to purchase protection for their capital in DeFi projects, while others are able to underwrite that protection in return for premiums. The project is now live on the Ethereum mainnet.

Circle Announces DeFi API

The new DeFi API provides companies with a seamless, safe, secure and regulated infrastructure for accessing and building on DeFi lending markets.

Gods Unchained Announces Token

GODS is the native ERC-20 token of the Gods Unchained universe. Users can use GODS to craft NFTs, purchase packs from the Gods Unchained marketplace and earn even more rewards by holding the tokens in Immutable X.

Yield Raises $10 Million Series A

The round was led by Paradigm with participation from Framework Ventures, Symbolic Capital Partners, CMS Holdings, Variant, and the DeFi Alliance.

Rocket Pool Update

This update covers the eth1<> eth2 merge, 0x02, MEV and the future of the Rocket Pool protocol.

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

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