Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between March 26th and April 2nd, 2023.
Welcome to the 138th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 26th and April 2nd, 2023.
🔥 The DeFi Bulletin
The THORChain mainnet was halted due to reports of a vulnerability.
Gnosis launched a Hashi bridge aggregator, aiming to help prevent hacks.
Ethereum developers have confirmed April 12th as the date for the Shapella upgrade.
Binance and CZ were recently sued by the CFTC, charged with trading and derivative violations.
dYdX is set to launch the private testnet of its Cosmos-based blockchain.
Polygon’s zkEVM Mainnet Beta went live, later launching and going open-source.
In the bZx class action case, the judge ruled that DAO token holders are plausibly liable.
Notional V3 and dYdX V4 were recently announced, with dYdX introducing support against harmful MEV extraction.
EigenLayer, a staking protocol, closed a $50M funding round.
Hydra Ventures announced their $10M funding round, aiming to fund other DAOs.
Conduit, an Optimism-based startup, raised $7M in funding.
Cega, a Solana-based derivatives protocol, secured $5M in funding, eventually topping $9.3M.
Polytrade, a web3 protocol, closed a $3.8M funding round.
Phuture is a decentralised protocol that simplifies crypto asset investment through its on-chain index fund products; offering passive exposure with best-practice methodologies, monthly rebalancing, and optimised yields. Phuture’s product range includes Phuture DeFi Index (PDI), Colony Avalanche Index (CAI), and USDC Savings Vault (USV).
💵 State of the Stablecoins
Thanks for reading, and be sure to catch the 139th issue of The Defiprime Post out this time next week!