EthHub Weekly #175
Ethereum documentary raises $2mil, Uniswap v3 on Optimism, zkSync 1.x upgrade complete, Blocknative raises $12mil and much more!
🌱 The Infinite Garden
A new documentary about Ethereum is being made called ‘Ethereum: The Infinite Garden’ which is described as being “a character-driven documentary film on the challenges and rewards of building a new world.” Last week, the project did a fundraise via Mirror and was able to raise ~$2 million in ETH by selling exclusive perks and NFTs. Personally I think this is a really cool and innovative way to fund an Ethereum project and it allows basically anyone with an Ethereum wallet and some ETH to get involved - just another industry that Ethereum is democratizing.
I joined Justin Bram on his YouTube channel last week for a live AMA where we talked about all things Ethereum - watch that here (and subscribe to Justin’s channel).
Have a great week everyone!
News of the Week
Fidelity Digital Assets, the crypto-focused arm of the asset manager Fidelity, plans on hiring as many as 100 employees to bolster cryptocurrency projects in response to institutional demand in crypto, reports Bloomberg.
Fidelity Digital Assets president Tom Jessop told Bloomberg that the firm intends on hiring employees in its Dublin, Boston and Salt Lake City offices. Cryptocurrencies other than bitcoin will be the focus of these new projects — ether in particular, as the firm reportedly saw increased interest in the Ethereum-based cryptocurrency in the midst of its all-time high in May.
The firm also seeks to provide as much full-time crypto trading as possible, reports Bloomberg, as opposed to traditional finance trading that end in the afternoon or on weekends.
In testimony before the Senate Banking Committee on July 15, Federal Reserve chairman Jerome Powell reiterated his uncertainty as to whether the Fed would proceed with the development of a central bank digital currency or CBDC.
“I’m legitimately undecided about whether the benefits outweigh the costs of a CBDC,” said Powell.
Senator Pat Toomey (R-PN), meanwhile, seemed to support private stablecoins over a Fed-issued digital dollar. Toomey, the ranking member of the committee, asked Powell about "a change in your tone about the virtues of a central bank digital currency being issued by the Fed.”
In this post, Tim Beiko proposes a bunch of roadmapping improvements for Ethereum core protocol development including a more refined process proposal, upgrade schedule and more.
Your latest dose of eth2 news from Ben Edgington including updates on Altair, The Merge and more.
Users can now trade 6 different tokens (including ETH and stablecoins) on Optimism via Uniswap v3 which marks the first layer 2 deployment of Uniswap.
By using Hop Bridge, users can now instantly transfer USDC between Ethereum, Polygon and xDAI.
The L2Beat website has been completely redesigned with a host of new upgrades and features.
StarkNet Alpha 1 has two new features - layer 1 <> layer 2 interaction and on-chain data.
Developers will soon be able to mint 0-gas-fee NFTs on a completely self-serve L2, secured by Ethereum and built using StarkWare’s zkRollup technology.
Alchemix’s alETH product is now live again with a 2000 alETH mint capped (that was already hit within a few hours).
Infura has added support for the Arbitrum optimistic rollup layer 2 network.
The Gnosis Safe has now been deployed to the layer 2 solution Arbitrum as well as the Polygon PoS sidechain.
Ethereum developers now have more tools in their zkRollup toolbox such as the ability to create contracts that allow for trading of NFTs, ERC20 swaps and limit orders, and permissionless token listing.
Users can now deposit and withdraw directly on the OKEx exchange for the Polygon PoS chain.
Radicle Orgs are a decentralized code management tool for DAOs built on Gnosis Safe.
The introduction of wallet profiles is the first in a series of updates that will make using the Zapper dashboard and progressing through quests and levels a more interactive and collaborative experience.
The EthernautDAO is a collection of developers (Ethernauts) that have come together to train new Ethereum engineers.
DAppNode has announced the launch of the NODE token, a new DAO architecture for governance and updates on DeFi.
The round was led by Rho Capital with participation from Robot Ventures, Altonomy Ventures and various angels.
The Graph Foundation to provide over $2.8M in funding to grants and ecosystem support in Wave 2, in addition to $60M Core Dev Grant to StreamingFast.
Thales, a Synthetix ecosystem project building support for trading binary options, raised $2.5 million in a strategic investment round led by Framework Ventures and Apollo Capital.
This new product from Ribbon Finance lets users stack Yearn Finance and Ribbon yield by using Yearn Vault tokens as collateral for option writing.
Investors include Balaji Srinivasan, Sandeep Nailwal and JD Kanani, Founders of Polygon (formerly Matic), Kendrick Nguyen, Founder & CEO of Republic and other leading investors in the crypto ecosystem.
Coinbase Wallet mobile app and extension can now be used to access the Polygon PoS network with support for more scaling solutions coming soon.
Set Protocol has been launched on Polygon, lowering the barrier of entry significantly and bringing Set one step closer to enabling asset management and strategy creation for the masses.
The round had participation from 82 distinct entities including funds & exchanges, staking providers, L2 founders and angels.
Nifty Island describes itself as “a virtual world built just for you” - not much information is available about the project at this time.
Crypto exchange developer Shipyard Software has raised $21 million to build Clipper, a decentralized exchange that is designed for different types of traders.
The round was led by Multicoin Capital and had participation from a variety of funds and angels.
Users can deposit alUSD and mUSD at launch into the Vault to earn MTA and a share of trading fees.
The Harvest Finance team have teased v2 of the protocol which will come with a host of improvements.
ShapeShift has open-sourced their entire platform, airdropped tokens to over a million customers and DeFi community members, and creating a DAO.
Dawn of the Layer 2 Era - The Daily Gwei
Ultra Sound Money - The Daily Gwei
A Guide to Uniswap on Optimism - Bankless
Flashbots on Reorgs - Phil D via Flashbots
We Live In A Mempool: Backrunning the MEV Crisis - Tom Schmidt via Dragonfly Research
RAI is a Stablecoin - Stefan Ionescu
Catblazer Chronicles, June ‘21 - William Schwab via Ethereum Cat Herders
CowSwap: Tackling the Shortcomings of AMM - Epicenter
Conversations with the Coop: Stani Kulechov of Aave - Index Coop
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
Internship - Index Coop
Head of Growth - Colony
Data Scientist - Electric Capital
Ecosystem Developer - EthBlockArt
+1000’s more on the Cryptocurrency Jobs website!