Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between March 12th and March 19th, 2023.
Welcome to the 136th 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 12th and March 19th, 2023.
🔥 The DeFi Bulletin
Euler Finance was exploited for ~$200M.
PeopleDAO lost $120K after a hacker found a Google Sheet with payout information.
Coinbase is adding Uniswap and Aave to their L2 chain, Base.
MetaMask has received updates, improving the overall experience alongside improving privacy.
MetaMask also saw record volume, as the Silvergate incident unfolded.
Arbitrum is to airdrop $ARB and transition to a DAO.
The Orca Exchange is to block US trading by March 31st.
mStable, an exchange, is mulling over offers of acquisition.
Uniswap V3 recently went live on the BNB chain.
MakerDAO is considering the use of an emergency switch for prevention of future depegs.
DeFiance Capital has raised $100M in funding for their liquid token fund.
Capsule secured an undisclosed amount of funding, with the round led by a16z.
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
$USDC has regained its dollar peg, alongside the removal of $3.3B of Reserve Risk.
$HOPE has recently emerged as a new stablecoin started by Flex Yang, who was formerly associated with Babel Finance.
CNHC, a stablecoin issuer, has closed a $10M funding round.
Thanks for reading, and be sure to catch the 137th issue of The Defiprime Post out this time next week!