Welcome to the 138th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 26th and April 2nd, 2023.
🔥 The DeFi Bulletin
- The THORChain mainnet was halted due to reports of a vulnerability.
- Gnosis launched a Hashi bridge aggregator, aiming to help prevent hacks.
- Ethereum developers have confirmed April 12th as the date for the Shapella upgrade.
- Binance and CZ were recently sued by the CFTC, charged with trading and derivative violations.
- $BUSD suffered outflows of $500M after the CFTC lawsuit.
- dYdX is set to launch the private testnet of its Cosmos-based blockchain.
- Polygon’s zkEVM Mainnet Beta went live, later launching and going open-source.
- In the bZx class action case, the judge ruled that DAO token holders are plausibly liable.
- Notional V3 and dYdX V4 were recently announced, with dYdX introducing support against harmful MEV extraction.
- EigenLayer, a staking protocol, closed a $50M funding round.
- Hydra Ventures announced their $10M funding round, aiming to fund other DAOs.
- Conduit, an Optimism-based startup, raised $7M in funding.
- Cega, a Solana-based derivatives protocol, secured $5M in funding, eventually topping $9.3M.
- Polytrade, a web3 protocol, closed a $3.8M funding round.
💵 State of the Stablecoins
Thanks for reading, and be sure to catch the 139th issue of The Defiprime Post out this time next week! 👋♦️👋
