EthHub Weekly #172
Polygon announces Avail, Optimism teams up with Infura and Alchemy, Risk Harbor exits stealth, Gods Unchained announces token and much more!
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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
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.
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.
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.
Updates on stateless Ethereum, Merge implementers meeting, Altair and London upgrade progress, EIP-1559 gas API call and more.
Avail is a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains & off-chain scaling solutions.
The Alchemy developer platform will be supporting Optimism enabling developers around the world to reliably tap into Optimism’s scaling capabilities.
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.
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 will be launching on the Ethereum mainnet with initial support for LUSD on June 30th follows by DAI, USDC, alUSD, ETH, and BTC thereafter.
The $3.6 million seed round was led by Electric Capital with participation from ParaFi Capital, Framework Ventures, Edge & Node and more.
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.
Anyswap is now live on Arbitrum enabling cross-chain swaps between other layer 1 and layer 2 chains.
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.
The new DeFi API provides companies with a seamless, safe, secure and regulated infrastructure for accessing and building on DeFi lending markets.
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.
The round was led by Paradigm with participation from Framework Ventures, Symbolic Capital Partners, CMS Holdings, Variant, and the DeFi Alliance.
This update covers the eth1<> eth2 merge, 0x02, MEV and the future of the Rocket Pool protocol.
Billions - The Daily Gwei
Chain Archeology - The Daily Gwei
EIP-3074: Increasing Ethereum Quality of Life - Maarten Zuidhoorn via MyCrypto
Bridge Activity on Ethereum - Harith Kamarul via Etherscan
How New Blockchain Apps Make It Easier To Use DeFi - Maker Blog
Impermanent Loss in Uniswap V3 - Peteris Erins
The Memetic Power of Play-to-Earn - AG and DarkForest Capital via MetaPortal
Validator Rewards in Practice - Pintail
An Introduction to DAOs - Peter Pan
Ether(eum)'s Identity Crisis(?) - The Woolong
What is EIP-1559? How Will It Change Ethereum? - James Beck and Mattison Asher via ConsenSys
Ethereum Foundation: An Eth2 Progress Update #2 - Epicenter
Facing the Frontier | Jim Bianco - Bankless
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Senior Product Designer - Rabbithole
Smart Contract Developer - Euler XYZ
DevOps/Senior Devops Engineer - Polygon
+1000’s more on the Cryptocurrency Jobs website!