Welcome to the 193rd 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 28th and May 5th, 2024.
🔥 The DeFi Bulletin
- Renzo released a warning about fake $REZ listings.
- Hong Kong’s six spot bitcoin and ether ETFs saw $11M in volume on its first day.
- CFTC Commissioner Johnson proposed AI-related recommendations, such as heightened penalties for AI in financial markets.
- Stripe integrated Avalanche, allowing users to access the Avalanche ecosystem more easily.
- EigenLayer revealed its plan for a token airdrop with a 15% allocation to ecosystem participants.
- An Aave Protocol V4 Development proposal was released to Aave Governance.
- Paragraph acquired Mirror, a web3 publishing platform, with Mirror refocusing on its social app “Kiosk.”
- BOB announced the launch of its Bitcoin L2 protocol, launching with over 40 apps.
- AltLayer introduced the $reALT token in the second phase of its staking program.
- zkSync went live on Alchemy.
- Backed, a tokenized asset issuer, closed a $9.5M funding round.
- Mitosis unveiled its $7M in seed funding, with the round co-led by Amber and Foresight Ventures.
- Heroglyphs raised $5.5M in funding, aiming to use the funds to incentivize solo staking.
- Agora, a project aiming to change protocol governance, announced its $5M funding round.
- MilkyWay, a Celestia liquid staking protocol, secured $5M in funding ahead of its token launch and airdrop.
- Paragraph also raised $5M in funding while acquiring Mirror.
💱 DEX Report
- Synethix founder Kain Warwick has targeted a mid-May launch for the Infinex DEX.
Thanks for reading, and be sure to catch the 194th issue of The Defiprime Post out this time next week! 👋♦️👋
