EthHub Weekly #191

ENS to decentralize, new merge testnet, Rocket Pool gets a mainnet date, Aave v3 detailed and much more!


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


[Sponsored] The DeFi Saver team, the guys that help you sleep better at night with automated liquidation protection services, just released an all-new portfolio tracker.

The major overhaul includes a completely new design for tracking your portfolio value, active DeFi positions, and token assets within your wallet. The new account overview now provides detailed information on each of your positions with the breakdown of supplied and loaned assets, as well as claimable rewards from the respective protocols. With support added for numerous DeFi protocols, you can now also track your LP position across major DEXes using DeFi Saver, including Uniswap v2 and v3, SushiSwap, Curve, and Balancer.

Earlier last week, the DeFi Saver team introduced support for MakerDAO’s new wstETH-A Vault type, enabling users to borrow DAI against wstETH, or convert existing ETH Maker Vaults into wstETH, allowing them to borrow against their yield-bearing, staked tokens, all with automatic liquidation support from the get-go!

If you haven't already, make sure to check out DeFiSaver.com today and stay tuned for many more updates by the end of the year.


News of the Week

🇨🇳 10% of China’s Population Have Opened Digital Yuan Wallets, Per PBoC Official

The number of users of China's digital yuan, also known as the e-CNY, has increased by more than six times over the past four months.

That's according to Mu Changchun, head of the Digital Currency Research Institute at the People's Bank of China, who said in the Hong Kong Fintech Week conference that 140 million individuals in China have activated their e-CNY wallets.

That number is about 10% of China's total population and has sharply increased since July when the PBoC said in its first-ever e-CNY white-paper that 20 million retail digital yuan wallets were opened as of June 30.

In addition, Mu said the number of corporate e-CNY wallets has nearly tripled to 10 million from 3.5 million four months ago. The volume of transactions made through the e-CNY has jumped to 150 million with the total worth amounting to 62 billion yuan, or $9.7 billion, he added during the conference. 

🎥 Quentin Tarantino to Auction Six Uncut Scripts for Pulp Fiction as NFTs

Film director Quentin Tarantino is putting six uncut and never-before-seen scenes from cult classic Pulp Fiction up for auction.

The scenes are being sold as NFTs on the OpenSea marketplace. 

Visually, the NFTs take the form of iconic moments from the Pulp Fiction movie. But they also contain secret content, including uncut first draft scripts of Pulp Fiction — along with custom commentary from Tarantino. 

These NFTs will be made using Secret Network and put live on the Ethereum blockchain. Secret Network enables the NFTs to both have public and private data. As a result, only the token holder is able to access the private data at any point in time.

Tarantino also plans to sell a seventh NFT in the near future at a formal auction house (such sales typically take place at Christie’s or Sotheby’s). 


Project Updates

Finalized No. 31

In this update, Danny Ryan details the recent Beacon Chain reorg attacks, the mitigations for those attacks and more.

What’s New in Eth2 - 5 November 2021

Your regular cadence of eth2 updates from Ben on Altair, Kintsugi, vulnerabilities, MEV, and more.

Ethereum Arrow Glacier Upgrade

Arrow Glacier is the 3rd network upgrade planned for the proof of work chain of the Ethereum Network in 2021. It is scheduled to go live on December 8th.

Kintsugi Merge Testnet Announced

Throughout November, all of the EL and CL clients will be brought up to spec, initial interop exercises will be performed, and a series of weekly testnets will be built. All of this will culminate in the launch of a persistent devnet at the end of November to observe (and break!) through the holidays.

EF ESP Q2 Allocation Update

In Q2 the EF Ecosystem Support Program awarded a total of $7.8m to Ethereum builders.

Matter Labs Raises $50 Million

The Series B financing round was led by a16z and included existing investors Placeholder, Dragonfly Capital and 1kx with participation from many ecosystem participants.

Rocket Pool Gets Mainnet Date

Rocket Pool, the decentralized Ethereum staking pool, will be going live on the 9th of November 2021.

ENS Token and DAO Announced

The ENS team has announced that they are decentralizing governance of the system by issuing a native token ($ENS) and creating a DAO.

Aave v3 Detailed

Aave v3 comes with a host of new features including Portal, High Efficiency Mode, Risk Management Improvements and much more.

Angle Live on Mainnet

Angle Protocol has officially been deployed on the Ethereum mainnet and allows users to mint & burn the agEUR stablecoin using USDC or DAI.

Warp Now Supports Composability

Warp now supports composability (contract to contract calls). In this update, the team goes through an example of transpiling & deploying two Solidity contracts: an ERC20 contract and a contract to interact with it.

Axie Infinity Launches Ronin Dex

Users can now deposit liquidity and swap tokens. RON rewards will be activated for the AXS/ETH & SLP/ETH pools soon.

deBridge Testnet 2.0 Deployed

Users can now try out the new version of the testnet to experience bridging assets with deBridge.

Ember Sword and Immutable Partner Up

The Ember Sword game will be migrating to Immutable X which will allow for much greater scalability and a smoother user experience.

Immutable Partners with Playco

500 million players will be able to access gas-free + carbon-neutral NFTs on their favourite games across FB, TikTok, Snapchat & more by using Immutable X.

StarkWare and Argent Partner Up

The strategic partnership will see Argent tap into StarkWare’s scalability solutions for its wallet infrastructure.

DAI Direct Deposit Module Launched

This module gives Aave privileged access to mint DAI once the test debt ceiling is raised. This marks a transition point from Maker as a commercial lender to Maker as the financial backbone of DeFi.

SpruceID Raises $7.5 Million

Ethereal Ventures and Electric Capital led the round, with Alameda Research, Coinbase Ventures and Protocol Labs joining in.

Loopring Block Explorer Released

Users can now easily parse through Loopring L2 blocks and data as well as download/export their own transaction data.

Notional V2 Now Live

Notional v2 is a major upgrade to the platform with better security, more liquidity and better capital efficiency.

Ribbon Treasury Announced

Ribbon Treasury is a new product line that helps DAO treasuries generate yield on their native assets.


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts


Meme of the Week


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