Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 190th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between April 7th and April 14th, 2024.
🔥 The DeFi Bulletin
The SEC is moving to sue Uniswap in an effort to hobble the DeFi sector.
Coinbase seeks to take the question of the categorization of secondary trades, crucial to its SEC dispute, to a higher court.
Crypto investment products have seen record YTD inflows of $13.8B.
The Block reported less activity from long-term holders and more new users on Ethereum.
Goldfinch, a crypto lending platform, suffered its third default on debts.
$26M in liquidations hit Pac Finance, a Blast-based lending platform.
The dYdX community voted to stake $60M from its treasury to boost economic security.
A Sushi DAO proposal to transfer $40M to a new vault passed the signal vote.
Uniswap Labs changed the swap fee for its interface from .15% to .25%.
Hong Kong’s HashKey group unveiled its Ethereum L2 chain.
EigenLayer and EigenDA launched on the Ethereum mainnet.
EigenLayer is unpausing restaking deposits on April 16th.
The Tensor Foundation launched its governance token, $TNSR.
The Nomic DAO Foundation is adding a new yield option for BTC holders.
deBridge unveiled its points program ahead of its token launch.
a16z unveiled Jolt, a “zero-knowledge VM.”
Monad Labs, a project building an L1 chain to rival Ethereum and Solana, raised $225M in funding.
Mezo, a Bitcoin L2 focused on yield, launched after its $21M Series A funding round.
Alpen Labs came out of stealth mode, revealing $10.6M in past seed funding.
Sapien, a project creating data labeling with AI, closed a $5M funding round.
OpenTrade secured $3.2M in seed funding, with investors including a16z.
Stream Trading, a derivatives exchange, closed a $1.5M seed funding round.
You can farm points from Bob Fusion using our link.
You can also perform Restaking Farming on Karak.
Thanks for reading, and be sure to catch the 191st issue of The Defiprime Post out this time next week! 👋♦️👋