Welcome to the 189th 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 31st and April 7th, 2024.
🔥 The DeFi Bulletin
- Uniswap reached $2T in trading volume for the first time.
- JPMorgan believes the SEC will eventually approve spot Ethereum ETFs.
- dYdX Governance voted to create a new legal entity in the Cayman Islands, scrapping the existing treasury.
- MakerDAO proposed allocating $600M of $DAI to $USDe and $sUSDe.
- A SushiSwap governance proposal suggested shifting DAO treasury assets to its new Sushi Labs vault.
- Frax tokens are to be natively issued on Noble, allowing expansion into the Cosmos ecosystem.
- Ethena Labs added Bitcoin as a $USDe backing asset.
- Celestia brought its Blobstream solution to Arbitrum Orbit chains.
- Raiinmaker, a web3 AI firm, secured $7.5M in seed funding.
- You can earn Kinto points from deposits using our link.
- Check out our dedicated airdrop page.
💵 State of the Stablecoins
- Ethena’s $USDe has crossed the $2B mark for supply within two months of its launch.
- Van Eck Scion launched a stablecoin with the support of its investment firm.
- Agora, a stablecoin issuer, raised $12M in seed funding.
Thanks for reading, and be sure to catch the 190th issue of The Defiprime Post out this time next week! 👋♦️👋
