Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between July 9th and July 16th, 2023.
Welcome to the 152nd 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 9th and July 16th, 2023.
🔥 The DeFi Bulletin
Rodeo Finance, an Arbitrum-based platform, lost $1.5M in an exploit.
Multichain shut down a recently exploited crypto bridge.
Algofi, a protocol holding 55% of Algorand’s value, is to shut down.
According to a lawyer, the Fei Protocol discord was not ‘seized’ during the class-action lawsuit.
Venture funding for web3 dropped by 80% in the first quarter.
The SEC sued Celsius Network and also sued Ripple Labs. The ex-CEO of Celsius was also charged with crypto fraud.
ConsenSys launched its alpha release of Linea L2 on the Ethereum mainnet.
Uniswap Governance recently suggested a new $UNI token model for V4.
BNB chain is to tackle blockchain exploits in a major July hard fork.
Polygon proposed a token switch from $MATIC to $POL to add more utility.
Base’s mainnet is now open for builders.
More tokenized treasuries have arrived on Polygon as the digital bond market expands.
Telegram merchants have gained access to in-app crypto payments for the first time.
Upstart market maker, Swaap, went live with a new version on Ethereum and Polygon.
CoW Protocol’s intent language was recently improved through CoW Hooks.
Manta launched Manta Pacific, a modular ecosystem for ZK apps.
Check out our brief history of Blockchain Bridge Hacks.
Artela has raised $6M in seed funding, with the round led by Shima Capital.
Narval raised $4M in funding, hoping to create a platform that helps firms organize their web3 assets.
Ion Protocol announced its $2M pre-seed funding round.
Aark Digital raised an undisclosed amount of seed funding, with the round led by Delphi Digital.
💵 State of the Stablecoins
Aave Protocol activated the $GHO stablecoin on the Ethereum mainnet.
💱 DEX Report
A former security engineer was arrested for defrauding a DEX.
Osmosis, Cosmos’ largest DEX, added concentrated liquidity to their network.
💎 NFT News
Thanks for reading, and be sure to catch the 153rd issue of The Defiprime Post out this time next week!
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