DeFi & L1L2 Weekly – 📈 Ethena Increases Staking Rewards, Boosts USDe with Bitcoin; ENA Jumps 19%
DeFi & L1L2 Weekly – 📈 Ethena Increases Staking Rewards, Boosts USDe with Bitcoin; ENA Jumps 19%Ethena increases staking rewards by 50%, boosts USDe with Bitcoin; ENA jumps 19%. EigenLayer launches on Ethereum mainnet. Lido market share dips below 30% amid centralisation concerns.Weekly DeFi IndexThis week's market capitalisation index was positive at +0.99%, while volume and volatility indices were negative at -16.90% and -13.82% respectively. Chart of the WeekEthena Labs, the creator of stablecoin USDe, announced ‘Season 2’ of staking with improved rewards. As of 8 April, users can lock in Ethena’s native token ENA for a minimum of seven days. Users who lock 50% or more of their ENA relative to their balance of USDe will receive a reward boost of 50%. A minimum US$5,000 ENA position is required for users to receive the boost. Additionally, the ENA lock initial cap will be $200 million, to be adjusted to increase going forward. Moreover, Ethena Labs have also incorporated Bitcoin as a backing asset into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark, and USDe’s Bitcoin collateral has exceeded $500 million less than a week after its introduction. Immediately following Ethena Labs’ announcement, ENA’s price spiked 19%, increasing from $1.09 to $1.31. Launched in December 2023, the Ethena protocol has now reached a total value locked (TVL) of $2.20 billion and has seen a 6.5% increase after the announcement. News Highlights
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DeFi & L1L2 Weekly – 🪙 Fetch.ai, SingularityNET, Ocean Protocol to Merge Into ‘Artificial Superintelligence’ Toke…
Wednesday, April 3, 2024
Fetch.ai, SingularityNET, and Ocean Protocol to merge into ASI token. Vitalik Buterin outlines next steps for Ethereum's Purge. Ankr unveils Neura, a blockchain for AI startups built on Cosmos SDK.
DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges
Wednesday, March 27, 2024
Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 📈 Ethereum L2 Transactions Surge as Fees Drop Post Dencun
Wednesday, March 20, 2024
Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💫 Community Gears Up For Ethereum Dencun Upgrade
Thursday, March 14, 2024
Community gears up for Ethereum Dencun upgrade. BRC-20 creator Domo addresses governance issues with UniSat partnership. Goldman Sachs, BNY Mellon, and others test Canton Network for tokenised assets.
DeFi & L1L2 Weekly - 💰Tether Launches Recovery Tool as USDT Hits $100B
Wednesday, March 6, 2024
Tether unveils recovery tool as USDT hits $100B in market cap. Blast officially launches its mainnet, TVL soars to $320B. Following Circle STARKs launch, StarkWare debuts new ZK prover Stwo. ͏ ͏ ͏
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