Daily Notes: 14-11-2023
Developments
- OKX has launched their zero knowledge EVM compatible Layer 2 chain “X1” on testnet through Polygon’s Chain development kit. source
- Aave has increased the borrow rate for their multi-collateral backed stablecoin, GHO, from 3% to 4.72% following governance approval. source
- Circle’s Cross Chain Transfer Protocol for USDC will be coming to Noble, an application-specific chain built for native asset issuance in Cosmos, on the 28th of November. source
- dYdX Chain‘s (dYdX v4) beta mainnet has gone live. Users can trade over 33 pairs. There will be no trading rewards at this stage but validators and stakers will accrue trading rewards. source
- Vitalik published an article on the Ethereum scaling technology, Plasma. Plasma chains settle on Ethereum but execute transactions off-chain with their own mechanism for block validation. The OMG network which utilises Plasma tech had its native token increase by as much as 33% before retracing to +10% on the daily. source
- Ankr partners with Optimism to launch a rollup as a service product to enable users to create an “an independent OP Stack-based L2 that exclusively serves traffic from their application or project”. source
- South Korea's democratic party candidates will be required to disclose crypto holdings as it’s 2024 legislative election nears. source
Trending Assets and Volumes
- BANANA had a great day, and is up 34.37%.
- DYDX is up 21.49% and RLB is up 12.91% over the past day. PRIME has also been performing well, and is up 10.69% over the past day and 94.91% over the past month.
- Large caps have not been performing very well. AVAX is showing some strength, and is up 3.52% today.
- crvUSD, DYDX and MKR are dominating volumes on chain.
TVL
- Astroport, AMM on Cosmos, TVL grew by 30.70%.
- PayCash, DEX on EOS, TVL grew by 14.55%.
- sDAI, yield-bearing stablecoin on xDai, TVL grew by 14.04%.
Fees
- Synthetix fees earned are up 179.63% compared to yesterday.
Articles
- ether.fi has launched their ambassador program. Ambassadors,will receive exclusive access to project updates and news, early access to new products and features, and rewarding contribution opportunities. source
Full notes here:
https://x.com/asxn_r/status/1724560624825360702
Developments
- OKX has launched their zero knowledge EVM compatible Layer 2 chain “X1” on testnet through Polygon’s Chain development kit. source
- Aave has increased the borrow rate for their multi-collateral backed stablecoin, GHO, from 3% to 4.72% following governance approval. source
- Circle’s Cross Chain Transfer Protocol for USDC will be coming to Noble, an application-specific chain built for native asset issuance in Cosmos, on the 28th of November. source
- dYdX Chain‘s (dYdX v4) beta mainnet has gone live. Users can trade over 33 pairs. There will be no trading rewards at this stage but validators and stakers will accrue trading rewards. source
- Vitalik published an article on the Ethereum scaling technology, Plasma. Plasma chains settle on Ethereum but execute transactions off-chain with their own mechanism for block validation. The OMG network which utilises Plasma tech had its native token increase by as much as 33% before retracing to +10% on the daily. source
- Ankr partners with Optimism to launch a rollup as a service product to enable users to create an “an independent OP Stack-based L2 that exclusively serves traffic from their application or project”. source
- South Korea's democratic party candidates will be required to disclose crypto holdings as it’s 2024 legislative election nears. source
Trending Assets and Volumes
- BANANA had a great day, and is up 34.37%.
- DYDX is up 21.49% and RLB is up 12.91% over the past day. PRIME has also been performing well, and is up 10.69% over the past day and 94.91% over the past month.
- Large caps have not been performing very well. AVAX is showing some strength, and is up 3.52% today.
- crvUSD, DYDX and MKR are dominating volumes on chain.
TVL
- Astroport, AMM on Cosmos, TVL grew by 30.70%.
- PayCash, DEX on EOS, TVL grew by 14.55%.
- sDAI, yield-bearing stablecoin on xDai, TVL grew by 14.04%.
Fees
- Synthetix fees earned are up 179.63% compared to yesterday.
Articles
- ether.fi has launched their ambassador program. Ambassadors,will receive exclusive access to project updates and news, early access to new products and features, and rewarding contribution opportunities. source
Full notes here:
https://x.com/asxn_r/status/1724560624825360702