EthHub Weekly #176

Arbitrum and Reddit team up, Index Coop introduces BED, Lyra DAO raises $3.3 million, Immutable introduces IMX token and much more!

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

🇪🇹 Trolling the Trolls

The Ethereum community is undefeated in its ability to take something that is meant as a negative and turn it into a positive. There’s no better example of that than what happened last week when the #ETH hashtag on Twitter had the Ethiopian flag placed next to it (because ETH is the country code for Ethiopia and the Olympics are currently on). Then, Twitter CEO and Founder Jack Dorsey tweeted out “#ETH” in an effort to troll Ethereans - but we ran with it and embraced it (as I’m sure you all saw on Twitter). I love this community!

In other news, I joined Crypto Texan for a chat with the Index Coop which you can listen to here.

Have a great week everyone!


News of the Week

👍 JP Morgan Greenlights Wealth Management Advisors to Take Crypto Fund Orders

JP Morgan has opened the doors to wealth management clients looking to invest in crypto funds, as reported by Business Insider.

Specifically, orders for Grayscale and Osprey's crypto-based offerings are now on the table for wealth management advisors at the U.S.'s largest bank. The move reportedly opens the gates for clients ranging from retail users on Chase's trading app to the jetset of the bank's private investment business. 

Notably, these offerings are not themselves crypto investments, but rather trusts based on the performance of crypto assets. JP Morgan is also only authorizing its advisors to process these orders if they come from clients themselves, barring the advisors from presenting crypto-based funds. 

These limitations reflect JP Morgan's longstanding hesitance to endorse investment in crypto. In May, CEO Jamie Dimon told a congressional committee "My own personal advice to people is to stay away from [crypto]."

🏦 Mastercard Taps Circle for USDC Settlement Pilot

Circle and Mastercard announced last week an engagement to use USDC to facilitate crypto-to-fiat conversions in a pilot program to expand the ability of issuers and crypto businesses to enable customers to spend their crypto assets. The engagement will test using USDC as a means for card issuers to more easily settle payments to Mastercard, helping accelerate the world towards greater use of internet-native financial infrastructure.

Project Updates

Finalize No. 27

Upgrade your eth1 nodes for London, the merge checklist and draft EIP released, Altair devnets launch and more. Q3 2021 Roadmap Detailed

Content updates, CLR funding round for eth2 projects, translation program and community growth plans all detailed in this update.

Lighthouse Update #37

Updates on the Sigma Prime team on their eth2 Lighthouse client including a reminder to update your eth1 node for London!

Arbitrum and Reddit Partner Up

Reddit is scaling Reddit’s Community Points with Arbitrum! Last week, Reddit deployed a new Layer-2 rollup using Arbitrum’s technology and will be testing this scaling network on top of Rinkeby, before migrating to the Ethereum mainnet.

Secureum Launched

Secureum is a smart contract security auditing bootcamp initiative. The first bootcamp will take place from October to December 2021 which applications open until August 1st 2021.

Celer cBridge Launches

Celer cBridge v1.0 is now live on mainnet! Users are now able to use cBridge to instantly transfer tokens across Ethereum, Arbitrum and Polygon with many more side chain and layer-2 chain integrations planned for in the near future.

Polygon Studios Announced

Polygon Studios is a brand new arm for Blockchain Gaming & the NFT ecosystem. It aims to serve as a bridge between Web2.0 & Web3.0 world.

ZKNFT Released

ZKNFT is a proof-of-concept NFT marketplace showcasing the zkSync NFT API. It is currently in alpha.

Lyra DAO Raises $3.3 Million

The round was co-led by Framework Ventures and ParaFi Capital with participation from various funds and angels.

Rabby Announced

Rabby is a new browser-extension made by DeBank with a host of new features - it aims to compete with MetaMask.

MakerDAO Fully Decentralizes

MakerDAO is now completely decentralized and the foundation will be formally dissolved over the next few months.

PawNFT Introduced

PawNFT uses an active auction mechanism to achieve three results:

  1. Better price discovery for non-fungible assets through locked top bids

  2. Ability to draw capital against NFT collateral, through active bids

  3. Fixed-term, fixed-interest rewards for lenders

Aave to Build Ethereum-Based Twitter Alternative

Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt.

Index Coop Introduces Bankless BED Index

The Bankless BED Index offers anyone, anywhere passive exposure to the most promising crypto themes - Bitcoin, Ethereum and DeFi.

Zapper Product Update #1

Updates on wallet profiles, NFT season 1, protocol integrations and more from Zapper.

MakerDAO Adds Delegation for MKR

Delegation will arrive to MakerDAO on August 2nd, 2021. You will be able to delegate your MKR to "your delegate" for voting in governance, just in case you want to, for whatever reason you see fit.

Moonshot Collective Launched

The moonshot collective is a collection of builders & web3 community members who are looking to prototype experiments in coordination (whether that’s public goods, private goods, governance tools).

NOTE Token Introduced

In this update, the Notional team details the NOTE token and Notional’s plans for decentralization and community ownership.

Immutable Introduces IMX Token

IMX is the native ERC20 utility token of Immutable X which is Ethereum’s first zk-rollup protocol for minting and trading NFTs, built in partnership with StarkWare.

EthBlockArt Closes Pre-Seed Round

The round was led by CoinFund with participation from Focus Labs, MetaCartel Ventures, Divergence Ventures and various angels.

DVF DAO Treasury and Council Announced

The DVF DAO treasury is the Ethereum address that contains all of the funds raised in the DVF DLM. It will be managed by a council of signers who are well-known community members.

Maple Website Gets a Fresh Look

The refreshed website showcases Maple's focus on transparency, security, and scalability.

OpenSea Raises $100 Million

The round was led by a16z with participation from angels such as Kevin Durant and Ashton Kutcher.

Sushi Trident Introduced

Trident has 3 prongs: BentoBox native AMM, expansion of pool type options, and a new routing engine.

Lido Launches Referral Program

This program allows users to earn 15 LDO for every ETH staked using their unique Lido referral link.

FWB Gatekeeper Introduced

FWB Gatekeeper is a web3 solution for the token gating IRL events experiences.

NFTX V2 Exits Beta

With an exit of beta comes a new Vault Liquidity Staking program now live on mainnet.

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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