Recap of DeFi Space, August 2023

❓ What's new at Defiprime?

• Rabby Wallet, a wallet that supports multiple chains ✅

• Aevo, a decentralized derivatives exchange focused on options ✅

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🔗 Noteworthy Links

• Curve Pool Exploit Postmortem

• Curve offered $1.85M bounty for exploiter’s identity

• Vyper Hack Timeline

• Exactly Protocol exploited for over $7M on the Optimism L2 network

• Venus Protocol liquidates $62.5M in a wallet linked to a $BNB bridge hack

• Quantstamp unveils tool to detect flash loan vulnerabilities

• US Crypto Tax Proposal lets miners off the hook, snares some DEXes

• Binance encourages users to convert $BUSD to other stablecoins

• Automated Risk Assessment - Gizatech

• Uniswap delisted $HEX

• Perpetual DEXs Insights (GMX, Perp, Kwenta, GNS)

• MetaMask’s origin challenged in lawsuit

• Aave Governance: [ARFC] Acquire CRV with treasury $USDT; Aave DAO approves $2M purchase of $CRV tokens

• JPMorgan: Curve Contagion contained

• DeFi definitely isn’t dead

• The Narrative Wedge

• MakerDAO’s Spark offered 8% yield on $DAI and blocked VPN use

• NFT Trading is Ice Cold But Developers Are Still Hot for Web3

• Self Chain

• PayPal USD stablecoin

• Lightning for those who haven’t checked on it in a while

• Endgame: Proof of Governance

• Uniswap deployed on the Base L2 network

• Mode Public Testnet goes live

• PancakeSwap deploys on Arbitrum in an expansion drive

• 🔥 Base mainnet officially opens to the public

• What’s next for DeFi after Curve?

• Wen is Now: Decentralized Governance

• Empirical analysis of BBPs (Builders’ Behavioral Profiles)

• Circle says $1B in cash serves as a buffer while market share declines

• Safe{Core} Protocol

• [Gauntlet] Compound V2 Deprecation Strategy

• Merging Ribbon Finance into Aevo

• Elastic Era: Considerations for Subnet Builders

• [DRAFT PROPOSAL] Duality Protocol Merger

• Connext to airdrop native token ‘Next’ in early September

• Coinbase suspends $USDT trading in Canada

• OpenSea disabled royalty enforcement tool

• Trading volume for Bitcoin Ordinals falls over 97% since May

• “Bored Apes” investors sue Sotheby’s, Paris Hilton, amid the NFT prices collapse

• Leaked database of 101,000 friend.tech users links to crypto addresses

• Coinbase takes a stake in Circle, launching $USDC on six new chains

• “Proof of humanity” plug-in for crypto apps by Rarimo

• Tornado Cash drama continues; Devs charged

• Volatility as a Service

• Ex-OpenSea manager convicted in NFT insider-trading scandal

• HackMD: On the Risks of LSD

• Binance Research: Ethereum’s Rollups Are Centralized. A Look into Decentralized Sequencers

• Rethinking token incentives for consumer adoption

• Builder Market: Now and the Future

• Velodrome launches new DEX on Base network

• Preston Byrne: A quick note on the SEC’s first NFT settlement

• Polygon Labs unveils Chain Development Kit

• 🔥 Court hands Grayscale a win in a lawsuit against the SEC

• OpenSea’s open standard for redeemable NFTs

• Bloomberg analysts estimate 75% chance of a spot bitcoin ETF in 2023

• Why is DeFi so important?

• Prisma Finance Guarded Launch

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💸 Venture Financing

• unshETH raised $3.3M in funding, hoping to decentralize the liquid staking industry.

• fxhash secured $5M in seed funding, with 1kx leading the funding round.

• Puffer, a crypto infrastructure startup, closed a $5.5M funding round.

• Xverse, a Bitcoin wallet, announced its $5M funding round.

• Binance Labs invested $5M in $CRV and supported CRV deployment.

• Binance Labs also announced an undisclosed amount of investment in Pendle Finance.

• Coinbase Ventures invested in Rocket Pool with its $RPL token purchase.

• Kraken Ventures sought to raise $100M for its second fund.

• dShare, a decentralized stock trading platform, secured an investment of $7.5M.

• JKLabs raised $2M in pre-seed funding for a project seeking to improve crypto governance.

• Linera, an L1 blockchain, closed a $6M funding round.

• Lore, a competitor to Etherscan, secured $2.3M in funding.

• Vessel Capital announced a $55M fund; they aim to use the funds to invest in web3 infrastructure.

• FirstMate received an investment of $3.75M in funding, with Dragonfly Capital leading the round.

• Stroom raised $3.5M in funding with the hope that they can bring liquid staking to the Bitcoin Lightning Network.

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🗓️ Upcoming DeFi Events

• DappCon 2023 - 11 Sep 2023 - Berlin, Germany

• Permissionless 2023 - 11 Sep 2023 - Austin, US

• Protocol Berg - 15 Sep 2023 - Berlin, Germany

• Stablecoin Summit 2023 - 15 Sep 2023 - Singapore, Singapore

• Mainnet 2023 - 20 Sep 2023 - New York City, US

• ETHMiami 2023 - 27 Oct 2023 - Miami, US

• Devconnect - 13 Nov 2023 - Istanbul, Turkey