Welcome to the 172nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between November 26th and December 3rd, 2023.
🔥 The DeFi Bulletin
- Velodrome and Aerodrome were attacked on the front-end. A similar attack occurred again on December 2nd.
- KyberSwap recovered $4.7M in funds after its recent exploit.
- According to an article from The Block, US crypto regulation will most likely be “in a holding pattern” until after the 2024 election.
- The dYdX chain has started paying trading rewards to validators and stakers after the launch of full trading on the protocol.
- Jito Network announced its $JTO token, which will be used for governance.
- Econia launched on the Aptos mainnet after a testnet phase.
- Coinchange, a yield platform, closed a $10M funding round.
- Grove, an infrastructure provider, announced its $7.9M funding round.
- MYX raised $5M in seed funding, with the round led by Sequoia China.
- Setter, a consumer app, secured $5M in seed funding.
💵 State of the Stablecoins
- Circle moved its native USDC offering to the Cosmos mainnet.
- Aave’s $GHO stablecoin is nearing a dollar peg.
💎 NFT News
- Magic Eden launched a cross-chain wallet with NFT support for the Bitcoin, Ethereum, Solana, and Polygon chains.
Thanks for reading, and be sure to catch the 173rd issue of The Defiprime Post out this time next week! 👋♦️👋
