Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 38, 14/09/2023 - 20/09/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 38, 14/09/2023 - 20/09/2023)Ethereum’s new Holesky testnet delayed after launch failure. Cosmos Hub rolls out Gaia v12 upgrade to add a liquid staking module. Optimism announces third round of community token airdrops.Weekly DeFi IndexThis week's market cap and volume indices were positive at +10.89% and +10.87%, respectively, while the volatility index was negative at -34.43%. Chart of the WeekOn their latest AllCoreDevs call, Ethereum core developers agreed to add EIP-7514 as part of the forthcoming Ethereum Dencun upgrade, focusing on staking and validator rewards. EIP-7514 will establish a fixed Max Epoch Churn Limit for the validator activation queue, setting the upper limit to eight (this variable was previously derived from “total number of validators/65536”, which is approximately 12/epoch) and without affecting the withdrawal queue. This Epoch Churn Limit will change the validator growth rate from exponential to linear. The proposal is intended to address concerns about the rapid growth of the Ethereum network and aims to slow down the growth of the ETH staking rate, thereby providing the Ethereum community additional time to craft an improved validator reward scheme. The latest data shows there are currently about 26.85 million ETH staked, which represents 22.32% of the total ETH supply. News Highlights
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 37, 07/09/2023 - 13/09/2023)
Sunday, September 17, 2023
Circle's USDC launches on Optimism, Base, and Cosmos. dYdX to launch decentralised order book exchange on Cosmos. Sushi expands to Aptos and marks first non-EVM chain deployment.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 36, 31/08/2023 - 06/09/2023)
Wednesday, September 6, 2023
Cronos Labs kicks off recruitment for its US$100M accelerator program. MakerDAO founder proposes new native chain of Solana fork. Polygon zkEVM is now fully open-source, unveils Dragon Fruit upgrade.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 35, 24/08/2023 - 30/08/2023)
Wednesday, August 30, 2023
Tether releases reserves reports, confirming a $3.3B liquidity buffer to maintain $USDT stability. Aave suspends GHO minting to fix integration issue. Shibarium bridge token withdrawals are now live.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 34, 17/08/2023 - 23/08/2023)
Wednesday, August 23, 2023
New Ethereum testnet Holesky scheduled to launch in September. Tether stops support for USDC on three blockchains. Shibarium resumes block production after a brief pause after its mainnet launch.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 33, 10/08/2023 - 16/08/2023)
Wednesday, August 16, 2023
Curve Finance passes proposal to launch new stableswap pool. Microsoft partners with Aptos Labs to build new blockchain AI tools. Sei mainnet goes live.
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