Welcome to the 190th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between April 7th and April 14th, 2024.
🔥 The DeFi Bulletin
- The SEC is moving to sue Uniswap in an effort to hobble the DeFi sector.
- Coinbase seeks to take the question of the categorization of secondary trades, crucial to its SEC dispute, to a higher court.
- Crypto investment products have seen record YTD inflows of $13.8B.
- The Block reported less activity from long-term holders and more new users on Ethereum.
- MarginFi saw a $155M outflow amid its leadership shakeup.
- Goldfinch, a crypto lending platform, suffered its third default on debts.
- $26M in liquidations hit Pac Finance, a Blast-based lending platform.
- The dYdX community voted to stake $60M from its treasury to boost economic security.
- A Sushi DAO proposal to transfer $40M to a new vault passed the signal vote.
- Uniswap Labs changed the swap fee for its interface from .15% to .25%.
- Hong Kong’s HashKey group unveiled its Ethereum L2 chain.
- EigenLayer and EigenDA launched on the Ethereum mainnet.
- EigenLayer is unpausing restaking deposits on April 16th.
- The Tensor Foundation launched its governance token, $TNSR.
- The Nomic DAO Foundation is adding a new yield option for BTC holders.
- deBridge unveiled its points program ahead of its token launch.
- a16z unveiled Jolt, a “zero-knowledge VM.”
- Monad Labs, a project building an L1 chain to rival Ethereum and Solana, raised $225M in funding.
- Mezo, a Bitcoin L2 focused on yield, launched after its $21M Series A funding round.
- Alpen Labs came out of stealth mode, revealing $10.6M in past seed funding.
- Sapien, a project creating data labeling with AI, closed a $5M funding round.
- OpenTrade secured $3.2M in seed funding, with investors including a16z.
- Stream Trading, a derivatives exchange, closed a $1.5M seed funding round.
- You can farm points from Bob Fusion using our link.
- You can also perform Restaking Farming on Karak.
Thanks for reading, and be sure to catch the 191st issue of The Defiprime Post out this time next week! 👋♦️👋
