EthHub Weekly #188

Arbitrum Nitro preview, UniSync released, Coinbase NFT platform announced, Gnosis Safe on Arbitrum and much more!

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

[Sponsored] DeFi users, you no longer need to pay expensive and unpredictable interest rates on your ETH-backed loans. Liquity, an immutable and governance-free borrowing protocol, allows you to borrow interest-free against your ETH. Loans are paid out in LUSD — a USD pegged stablecoin, and need to maintain a minimum collateral ratio as low as 110%. Get started here.

News of the Week

🎨 Coinbase Announces NFT Waitlist, Following Lead of Rivals Binance and FTX

Coinbase is breaking into the market for non-fungible tokens, announcing Tuesday the waitlist for access to Coinbase NFT — making it the latest crypto firm to dive into the speculative frenzy. 

The new offering — which is being spearheaded by Coinbase's VP of Product, Sanchan Saxena — will allow users to mint, purchase, and showcase NFTs. To start it will support Ethereum-based NFTs, but it has plans to expand to other chains after it launches.

"Our ambition with Coinbase NFT is to allow everyone to benefit from their creative spark; to contribute to a future where the 'creator economy' isn’t a small subset of the 'real' economy, but a central driver," Coinbase said in marketing materials.  

💰 SEC Said to Allow First Bitcoin Futures ETF to Trade in US

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report.

The publication said in a report on Thursday night that the U.S. regulator "isn't likely to block the products from starting to trade next week," citing people familiar with the matter.

The report came several hours after the SEC said in a tweet through its investor education account that "Before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits."  

Bitcoin futures ETFs are different from Bitcoin ETFs in that they are based on futures contracts and are filed under mutual fund rules. 

Project Updates

Arbitrum Nitro Sneak Preview

Arbitrum Nitro is next iteration of Arbitrum, which the team has been working on for months. It’s built on standard technologies like WASM and Geth, so it’s more EVM-compatible, an order-of-magnitude faster than the current tech, and adds another 0. When it’s ready it’ll be deployed as a seamless upgrade to Arbitrum One.

StarkWare and Nethermind Form Strategic Partnership

This partnership already spawned the Voyager Block Explorer and the Warp Solidity->Cairo transpiler.

UniSync Released

UniSync is a port of the Uniswap v2 smart contracts and frontend running on Matter Lab’s zkEVM rollup.

Tesseract Live on Polygon

Tesseract is the first project hatched from YFI Combinator. It leverages the expertise amassed at Yearn to bring the best yields to a wider audience on Polygon. Website Now Live

The website has everything you need to follow the Sign-In with Ethereum standardization process.

USM v1-rc1 Now Live

USM is a decentralized (ownerless & immutable), tightly pegged, open-source not-for-profit, minimalist ERC-20 stablecoin system, made of a stablecoin (USM) + a "vol-coin" (FUM).

FIAT DAO Raises $2 Million

The round had participation from ParaFi Capital, Mechanism Capital, Not 3Lau Capital and others including angels.

New ENS Metadata Service

This new service allows a much wider range of data to be displayed, including enabling the user to have some control over it for their name.

Futureswap V4 Mainnet Beta Now Live

Trading is now 90% cheaper with trades executing in ~0.05 seconds as Futureswap v4’s beta is now live on Arbitrum.

Gnosis Safe Live on Arbitrum

This critical piece of infrastructure will allow more projects that require multi-sigs to deploy on Arbitrum.

Umbra Gets Major Upgrade

This new upgrade drastically simplifies the setup process and greatly improves Umbra's UX. With this release, Umbra is now considered out of beta.

Yup Raises $3.5 Million

The round was led by Distributed Global with participation from a host of other funds and angels.

XDEFI Wallet Now Live

This new browser-based wallet comes with features such as ‘Ape Mode’, EIP-1559 optimizations, fiat on-ramping and more. Do note that the wallet code is not yet open source.

Pods Now Live on Ethereum Mainnet

Pods is an on-chain options protocol that aims to bootstrap markets for any ERC20 using an algorithmic pricing and a specific options AMM.

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week: