1 year ago
172 
Product Launches 🚀
LemmaSwap Live on Optimism
Lemma launches a new swap protocol on Optimism. LemmaSwap allows traders to execute spot swaps using Perpetual Protocol’s liquidity and allows LPs to earn yield from spot trading fees and funding rate PnL.
Uniswap Permit2 & Universal Router
Uniswap launches two infrastructure contracts: Permit2, which allows token approvals to be shared and managed across dApps; Universal Router, which unifies ERC20 and NFT swapping into a single swap router.
Maker Teleport
Maker launches Teleport - infrastructure for projects to utilize and transfer DAI across multichains. Maker also set up a 19k DAI integration grant for developers to create a front-end for this back-end technology.
Yearn yBribe
Yearn launches yBribe, a marketplace for buying/selling Curve gauge voting power.
Swivel V3 Live
Fixed-rate lending protocol Swivel launches V3, bringing new features including "Staking without Slashing" (or dilution), Euler gauge derivatives, and EIP-4626.
MetaMask NFT Price Estimate
MetaMask’s Portfolio dApp now provides price estimates for NFTs on Ethereum and will expand the feature to other chains.
Trader Joe Liquidity Book Live
Trader Joe launches Liquidity Book (phase 1), bringing users new mechanisms such as Surge Pricing, impermanent loss mitigation, zero slippage trading, and a composable bin architecture.
Project Updates 🚩
Trove Supports Arbitrum Nova
Trove, the NFT marketplace built around TreasureDAO ecosystem, now supports GameFi projects built on Arbitrum Nova, a gaming and social app-focused L2.
Circle Adds Apple Pay
USDC issuer Circle now allows crypto businesses to accept payments from Apple Pay users who don’t use crypto.
Aave Live on Aztec
Aave went live on Aztec, allowing users to deposit funds using Aztec Connect as a proxy, getting both cost savings and enhanced privacy.
For example, users can deposit their private, shielded ETH/DAI into Aave with 12x lower gas fees than a normal Layer 1 transaction.
Convex, InsureDAO Live on Arbitrum One
Convex went live on Arbitrum. Convex Arbitrum has no trailing 7-day payout on pool rewards, LP tokens for Convex pools are transferable between addresses, and CVX rewards distribution is based on bi-weekly vlCVX gauge weight votes.
InsureDAO also went live on Arbitrum, with $300K USDC put into the underwriting pool and smart contract covers listed for 10 leading protocols on Arbitrum.
Fantom Community Grants
Fantom will participate in the immediate next Gitcoin Grants round to support ecosystem growth. The Foundation will match user donations with 3m FTM in this first round. Subsequent rounds will receive 1.5m FTM in matching each round.
Kwenta Token Live
Kwenta, an exchange based on Synthetix, launches its token $KWENTA, and enables trading and staking for liquid/escrowed tokens.
Governance Highlights 📝
Atom 2.0 Rejected
The vote for Proposal 82 (Atom 2.0) vote has been rejected. The proposal called for a number of radical changes including Social Coordination Technology Interchain Security, Liquid Staking, as well as changes to issuance(potentially what caused the contention).
The community might relaunch votes on multiple proposals instead of a mega one.
Temp Check: Deploy Uni V3 on Boba
The temperature check to deploy Uniswap V3 on the L2 network Boba has ended with support. Boba Network will provide $1M $BOBA tokens that can be used to incentivize liquidity and foster the usage of Uni V3.
FTX Aftermath ℹ️
Moving Forward from Alameda: Ren 2.0
Cross-chain protocol Ren was acquired and has been funded by Alameda since early 2021. Due to the FTX bankruptcy, the Ren team now lacks enough funding for development beyond this year and has decided to develop an open-sourced, and community-run version dubbed Ren 2.0.
Genesis Lending Halts Withdrawals
As part of the fallout from FTX, Genesis Trading has halted withdrawals of its lending product. This may have ramifications for Gemini’s Earn program, which uses Genesis.
Hacks/Bugs/Issues 👾
USDV Depeg
USDV, the stablecoin on the Velas chain, lost over 99% of its value after a 10B token dump on the Velas-based DEX WagyuSwap.
Upcoming ⏳
Fantom Approaching ZK?
Former Fantom contributor Andre Cronje published an article about Fantom potentially integrating zk locally on user devices to ease the load and further decentralization.
Nike NFTs Coming to Polygon
Nike is opening registration of its newly launched web3 platform Swoosh which will offer Polygon-based NFT products.
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