Welcome to the 195th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between May 12th and May 19th, 2024.
🔥 The DeFi Bulletin
- Sonne Finance faced a $20M exploit, with the protocol pausing its markets on Optimism.
- Alex Lab, a DeFi tool, lost $4.3M in a hack. Alex Lab also offered a 10% bounty for the stolen funds.
- Pump.fun identified a $1.9M exploiter as a former employee.
- BlockTower Capital’s main hedge fund was compromised in an attack.
- Alexey Pertsev, a Tornado Cash developer, was sent to jail.
- Two brothers were arrested for attacking Ethereum and stealing $25M in cryptocurrency.
- Filings show that the SEC is potentially considering $ETH as a security in possible ETF denials.
- The US Senate passed a measure withdrawing the SEC’s accounting bulletin.
- The Wisconsin Investment Board revealed $163M in spot Bitcoin ETFs.
- Buterin drafted EIP-7706, proposing a new calldata gas type.
- Buterin also addressed threats to Ethereum’s decentralization in a new blog post.
- Synthetix founder Kain Warwick launched Infinex, a front-end site that aims to unite DeFi ecosystems.
- PancakeSwap offered to pay off interface fees for Uniswap users.
- MakerDAO’s founder said that fully decentralized “PureDAI” will launch in a few years.
- Lens Network is to migrate to zkSync.
- LayerZero Labs’ CEO says that up to 100,000 addresses have self-reported as airdrop sybils.
- Lido co-founders and Paradigm secretly backed an EigenLayer competitor.
- Polymarket, a prediction market platform, closed a $45M funding round.
- Shogun, an intent-centric DeFi protocol, announced its $6.9M seed funding round.
- Zest raised $3.5M in funding, with the round led by Tim Draper.
- Check out Aevo, GMX, and Hyperfluid. Our Hyperfluid link offers 4% off fees.
💵 State of the Stablecoins
- The USDC stablecoin issuer Circle plans to redomicile to the US.
💱 DEX Report
- dYdX founder Antonio Juliano stepped down as CEO.
- Drift opened airdrop claims for 120M tokens, while also including an additional bonus component.
- Zeta Markets, a Solana DEX, secured $5M in a token round.
Thanks for reading, and be sure to catch the 196th issue of The Defiprime Post out this time next week! 👋♦️👋
