Welcome to the 182nd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between February 11th and February 18th, 2024.
🔥 The DeFi Bulletin
- Franklin Templeton filed for a spot Ethereum ETF.
- The U.S. Cyber Authorities investigated Binance’s Trust Wallet app for vulnerabilities.
- GoFundMe cracked down on Tornado Cash’s legal defense crowdfunding.
- Starknet introduced its provisions program, allocating $STRK to the community.
- The Uniswap Foundation unveiled a release date for Uniswap V4’s launch.
- Yuga Labs acquired PROOF.
- Tron unveiled its development roadmap for a Bitcoin L2 solution.
- CoW DAO set up an MEV-capturing AMM for liquidity providers.
- ParaSwap V6 was announced, in addition to other architecture changes.
- SP1, a zkVM that verifies the execution of arbitrary Rust programs, was announced by Succinct.
- Prisma Finance introduced $ULTRA, which aims to be sound money backed by LRTs.
- Aptos and Jambo partnered up to develop their own phone that could help empower emerging markets.
- Conduit announced the release of a feature allowing permissionless mainnet rollup deployment.
- Solana’s second phone crossed 100K in presales, raising $45M for development.
- Lava, a modular blockchain developer, secured $15M in funding while also offering reward points named Magma.
- Fordefi closed a $10M funding round, aiming to make crypto safer with an institutional-grade wallet.
💵 State of the Stablecoins
- $FDUSD stablecoin trading pairs hit their highest-ever share of spot volume on Binance.
- Moonwell enabled $USDC lending throughout Ethereum.
- Ethena announced its $14M public funding round, released their $USDe stablecoin with a 23% yield. You still can farm Ethena Shards in anticipation of airdrop in May 2024, if you hold USDe(5x multiplier) or provide liquidity(20x)
Thanks for reading, and be sure to catch the 183rd issue of The Defiprime Post out this time next week! 👋♦️👋
