Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 155th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 30th and August 6th, 2023.
🔥 The DeFi Bulletin
JPMorgan has stated that the Curve contagion is contained, but DeFi is still “shrinking or stalling.”
PancakeSwap is to share trading-fee revenue with $CAKE token stakers.
Michael Egorov sold off more $CRV to DCFGod and others for a total of $42M.
The Abracadabra Forum introduced a new proposal, #13.5, to adjust the interest rate for the $CRV cauldrons.
Aave Governance also introduced a new proposal to buy $CRV tokens with its $USDT treasury.
Trader Joe launched on Ethereum, with the $JOE token jumping 3%.
OKX added a new account abstraction feature to its web3 wallet.
The Bald memecoin whipsawed in a trading session, falling 70% as the developer pulled liquidity.
Solv Protocol closed a $6M funding round, with the round led by Nomura.
Conic Finance raised $1M in funding, with the round led by Curve’s founder Michael Egorov.
💎 NFT News
Thanks for reading, and be sure to catch the 156th issue of The Defiprime Post out this time next week!