Your Weekly DeFi News in Bite-Sized Fashion

This week’s issue covers events between September 3rd and September 10th, 2023.

Welcome to the 160th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between September 3rd and September 10th, 2023.

🔥 The DeFi Bulletin

• Base suffered its first major outage since its launch.

• CFTC settled its charges against the protocols Opyn, ZeroEx, and Deridex.

• A governance vote approved $DYDX as the native token of the upcoming dYdX chain, in addition to approving a transition to version 4.

• The former Celsius CEO, Alex Mashinsky, has had his home and assets ordered frozen in a criminal case.

• Infura, a ConsenSys-owned project, plans to start decentralizing by the end of 2023.

• Grab, a Southeast Asian super-app, added support for web3 services.

• The Base Ecosystem Fund announced its first six investments.

💵 State of the Stablecoins

• $USDC is now available on the Optimism mainnet.

• OKX and Circle partnered to add $USDC features to OKX’s wallet and DEX aggregator.

💱 DEX Report

• Brine Fi, a zk-powered DEX, raised $16.5M in funding, with Pantera Capital leading the round.

Thanks for reading, and be sure to catch the 160th issue of The Defiprime Post out this time next week!