Daily Notes: 07-11-2023
Developments
- Ondo Finance has partnered with Mantle to launch USDY on the Mantle network. USDY is a yield bearing stablecoin overcollateralized by short-term US Treasuries and “high-quality bank demand deposits' that currently yields 5.1% APY. source
- The EigenLayer voting contest to add new LSTs to the protocol is nearly over, with 17.5 hours left to vote. All projects that receive over 15k ETH in votes will be added to EigenLayer in order of the votes received, in ‘the next few months’. Currently StakeWise, Swell, Binance and Origin Protocol are above the threshold. source
- Sushi’s founder, Jared Gray, has published a proposal to redefine the tokenomics for the protocol’s token, SUSHI. source
- GMX will start to deploy the 12 million ARB (~$13 million) received via the Arbitrum STIP program tomorrow on the 8th of November. source
- Kraken is considering blockchain-technology firms to help them launch their own Layer 2 chain. These firms include Polygon, Matter Labs, and Nil foundation and others that are not publicly disclosed. source
- An Enjin token multisig withdrew 169.3 million ENJ (~$52 million) from Binance. The wallet now holds 201.7 million ENJ which is equal to 20% of the tokens supply and valued at $64 million. source
- Co-founder of BitMEX, Samuel Reed, has pleaded guilty to Bank Secrecy Act Violations and has agreed to pay a $10 million fine. His co-founders, Arthur Hayes and Benjamin Delo pleaded guilty to the same crime earlier in February of 2022. source
- USDC will be natively available on Moonbeam. Users will be able to pay for gas and transact with USDC without needing to hold DOT via establishing a Polkadot Asset Hub account. source
- Aave V3 has gone live on Gnosis chain. source
- Shrapnel, a first person Avalanche blockchain based shooter that recently raised $20 million and another $10.5 million in 2021, has launched their token SHRAP on the Avalanche chain. source
Trending Assets and Volumes
- LMWR is up 71.92%. COW is up 51.18% following the core team’s proposal to add fees to test which fee models would be best suited for long-term adoption.
- BLUR, up 38.03%, BITCOIN up 14.88% and GRT up 12.28% performed well today.
- CRO is up 7.52%.
TVL
- SwissBorg, CeFi, TVL grew by 32.44%.
- Cetus, DEX on Sui and Aptos, TVL grew by 13.92%.
- sDAI, yield-bearing stablecoin on xDai, TVL grew by 12.29%.
Fees
- Azuro fees earned grew by 865.62% yesterday.
Governance Proposals
- Aave proposal to upgrade the Aave Swap Contract to include Limit Orders and TWAP swap functionality. source
- Lido proposal for Lido DAO to accept the ownership of the wstETH bridging on zkSync Era. source
- Arbitrum proposal to backfund 26 STIP Round 1 proposals that were approved but not funded due to budget issues, allocating 21.4M additional ARB. Projects which would potentially receive the highest portion of the backfund allocation are: Gains (4.5M ARB), Synapse (2M ARB), Wormhole (1.8M ARB) and Stargate (2M ARB). source
Articles
- Vertex has launched Take Profit and Stop Loss orders on their trading platform. source
- Canyon will activate on Optimism, Base, and other Superchain testnets on November 14th at 17:00 UTC, and includes support for the Shanghai and Capella Ethereum hardforks and some minor bug fixes. source
Full notes here:
https://x.com/asxn_r/status/1722024808156713196
Developments
- Ondo Finance has partnered with Mantle to launch USDY on the Mantle network. USDY is a yield bearing stablecoin overcollateralized by short-term US Treasuries and “high-quality bank demand deposits' that currently yields 5.1% APY. source
- The EigenLayer voting contest to add new LSTs to the protocol is nearly over, with 17.5 hours left to vote. All projects that receive over 15k ETH in votes will be added to EigenLayer in order of the votes received, in ‘the next few months’. Currently StakeWise, Swell, Binance and Origin Protocol are above the threshold. source
- Sushi’s founder, Jared Gray, has published a proposal to redefine the tokenomics for the protocol’s token, SUSHI. source
- GMX will start to deploy the 12 million ARB (~$13 million) received via the Arbitrum STIP program tomorrow on the 8th of November. source
- Kraken is considering blockchain-technology firms to help them launch their own Layer 2 chain. These firms include Polygon, Matter Labs, and Nil foundation and others that are not publicly disclosed. source
- An Enjin token multisig withdrew 169.3 million ENJ (~$52 million) from Binance. The wallet now holds 201.7 million ENJ which is equal to 20% of the tokens supply and valued at $64 million. source
- Co-founder of BitMEX, Samuel Reed, has pleaded guilty to Bank Secrecy Act Violations and has agreed to pay a $10 million fine. His co-founders, Arthur Hayes and Benjamin Delo pleaded guilty to the same crime earlier in February of 2022. source
- USDC will be natively available on Moonbeam. Users will be able to pay for gas and transact with USDC without needing to hold DOT via establishing a Polkadot Asset Hub account. source
- Aave V3 has gone live on Gnosis chain. source
- Shrapnel, a first person Avalanche blockchain based shooter that recently raised $20 million and another $10.5 million in 2021, has launched their token SHRAP on the Avalanche chain. source
Trending Assets and Volumes
- LMWR is up 71.92%. COW is up 51.18% following the core team’s proposal to add fees to test which fee models would be best suited for long-term adoption.
- BLUR, up 38.03%, BITCOIN up 14.88% and GRT up 12.28% performed well today.
- CRO is up 7.52%.
TVL
- SwissBorg, CeFi, TVL grew by 32.44%.
- Cetus, DEX on Sui and Aptos, TVL grew by 13.92%.
- sDAI, yield-bearing stablecoin on xDai, TVL grew by 12.29%.
Fees
- Azuro fees earned grew by 865.62% yesterday.
Governance Proposals
- Aave proposal to upgrade the Aave Swap Contract to include Limit Orders and TWAP swap functionality. source
- Lido proposal for Lido DAO to accept the ownership of the wstETH bridging on zkSync Era. source
- Arbitrum proposal to backfund 26 STIP Round 1 proposals that were approved but not funded due to budget issues, allocating 21.4M additional ARB. Projects which would potentially receive the highest portion of the backfund allocation are: Gains (4.5M ARB), Synapse (2M ARB), Wormhole (1.8M ARB) and Stargate (2M ARB). source
Articles
- Vertex has launched Take Profit and Stop Loss orders on their trading platform. source
- Canyon will activate on Optimism, Base, and other Superchain testnets on November 14th at 17:00 UTC, and includes support for the Shanghai and Capella Ethereum hardforks and some minor bug fixes. source
Full notes here:
https://x.com/asxn_r/status/1722024808156713196