EthHub Weekly #178

Arbitrum coming in August, dYdX token introduced, Connext introduces NXTP, Mean Finance launched and much more!

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

🔥 Let It Burn

Well EIP-1559 is finally live on the Ethereum network (as I’m sure you’re all well aware of by now). Since it went live last week (and at time of writing), the network has already burned over 18,000 ETH! In case you missed it, Eric and I joined a bunch of people on a livestream around the time that EIP-1559 went live - you can watch that here. You can also watch ETH being burned by visiting one of these websites.

Eric was interviewed for a piece on CNBC that covered EIP-1559 - you can check that out here.

Have a great week everyone!


News of the Week

🤔 Brian Brooks Resigns as CEO of Crypto Exchange BinanceUS

Brian Brooks, the former head of the Office of the Comptroller of the Currency who became chief executive officer of BinanceUS this spring, has resigned.

Brooks announced his move in a tweet Friday afternoon. He pointed to "differences over strategic direction" but did not elaborate. He began his role at the U.S.-based firm on May 1.

Shortly after Brooks's announcement, BinanceUS posted a statement from Changpeng Zhao, CEO of Binance and chairman of the U.S.-based exchange. Zhao said that "this transition will not impact BinanceUS customers in any way."

⚖️ Gensler Sets SEC Sights on DeFi, Crypto Lending and More

Securities and Exchange Commission Gary Gensler said Tuesday during an event that "right now, we just don’t have enough investor protection in crypto."

"Frankly, at this time, it’s more like the Wild West," Gensler continued.

The statements, prepared ahead of time and made public by the SEC, represent perhaps Gensler's most expansive comments to date on the topic of regulation and crypto, though he stressed that he was speaking for himself rather than the agency itself. And though some of his comments have been aired elsewhere — for example, Gensler has said publicly that he wants more regulation for exchanges and seeks to cooperate with Congress on the matter — Tuesday's speech laid out in clear terms the agency's regulatory priorities for the industry under his leadership.

Indeed, while Gensler described himself as "technology-neutral," he went on to claim that he is "anything but public policy-neutral."

"As new technologies come along, we need to be sure we’re achieving our core public policy goals," Gensler continued.

Project Updates

ESP Grantee Roundup July 2021

An update on everything that the EF Ecosystem Support Program has been up to during the month of July.

Prysm V2 Changes

In the coming month or months, Prysmatic Labs will be releasing a major version bump of the Prysm Eth2 client, v2.0.0. In this post, PryLabs outlines the changes that users need to be aware of.

Arbitrum Update

Over 400 projects now have access to Arbitrum One with dozens completing their deployments. Due to this, Arbitrum says they are on track for full public access in August 2021.

StarkWare Bridge Announced

StarkWare is building a trustless sidechain-to-StarkEx bridge that will be secured by Ethereum.

Facebook Open-Sources Winterfell

Winterfell is Facebook’s implementation of a STARK prover/verifier, to bring the benefits of zero-knowledge proofs to developers.

dYdX Token Introduced

The dYdX protocol token is now live with the initial distribution occurring until September 8th, 2021 when DYDX tokens will become transferrable.

B.Protocol and Liquity Team Up

With this integration, B.Protocol now automatically converts ETH back to LUSD for Liquity’s Stability Pool providers and deposits it back to the Stability Pool. This locks the liquidation profits for the users, allows passive APY on LUSD (currently 15%), saves gas costs, and strengthens Liquity’s stability.

Rainbow Wallet App Update

The Rainbow mobile wallet received a significant performance and connection boost in this latest update.

Introducing NXTP

NXTP is a simple, generalized protocol for crosschain transactions built by Connext - the testnet is now live.

Introducing the Votium Protocol

The Votium Protocol is an auction platform where CVX holders can delegate their voting power and receive compensation from buyers interested in amassing voting power.

PartyDAO Launched

PartyDAO’s first app is PartyBid which allows people to come together and bid on NFTs. The first NFT that PartyBid won was a zombie CryptoPunk that was being auctioned off on ZORA’s new NFT auction platform.

Mean Finance Launched

Mean Finance allows users to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency.

mCLUB Announced

mCLUB is a new grant-giving DAO that is focused on recruiting, backing, and supporting creators and communities onto the Mirror platform while offering learning experiences for those interested in creating and working within a DAO.

Cono Finance Introduced

Cono Finance is a UI for Gelato’s liquidation protection solution for Aave users on Polygon.

MakersPlace Raises $30 Million

The Series A round was led by Pantera Capital and Bessemer Venture Partners with participation from a few other investors.

Krystal Raises $6.6 Million

The round was led by Hashed with participation from, Signum Capital, DeFi Alliance and more.

dHEDGE V2 Announced

dHEDGE V2 introduces the Guarded Open Access Transactions — GOAT framework. A flexible framework that supports a UX resembling the way applications are used via Gnosis Safe. DeFi protocols that get added through the GOAT framework will be made accessible through dHEDGE V2 interface.

Hashflow Open Alpha Launched

Hashflow promises users the best decentralized trading experience on Ethereum with tight spreads, zero slippage and MEV-resistance.

Sense Finance Raises $5.2 Million

The financing was led by Dragonfly, with participation from Bain Capital Ventures, Nascent, Variant, Robot Ventures, and theLAO, among others.

TyanDAO Announced

TyanDAO is a collective of 20+ individuals working together under the canopy of decentralised ideologies to achieve mutually beneficial outcomes.

DeversiFi Launches Polygon Bridge

This bridge between Polygon and Ethereum enables fast, gas free and frictionless deposits and withdrawals between the two platforms while increasing liquidity across chains.‌‌

Argent Layer 2 Waitlist Announced

Users can sign up to this waitlist to be the first to know when Argent’s layer 2 integration goes live.

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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