An Ape's Prologue Weekly (3 Mar)
An Ape's Prologue Weekly (3 Mar)
Next Week’s Fundamentals
Magic Eden offers free gaming NFT mints for 13 gaming projects that are launching on their platform in March
Optimism Goerli hardfork planned for early March
Synapse’s ongoing snapshot vote to migrate liquidity to $BAL and stake LP liquidity on $AURA ends March 5th
Illuvium: Beyond to launch on March 7th
Celestia incentivized testnet to launch on March 7th
$TORN unlocks 1.8% of total supply on March 8th
Aave’s $GHO and Curve’s $crvUSD are expected to launch soon
This Week’s Fundamentals
Amid regulatory crackdown on $BUSD:
Binance’s reliance on $TUSD drives growth and overtakes $FRAX as fifth largest stablecoin by market capitalization
Aave and Coinbase will no longer support $BUSD
Lido V2 expected to launch amid positive signal in snapshot vote. The upgrade will enable $ETH withdrawals and ease onboarding of different validator subsets
Shanghai Upgrade simulation on Sepolia testnet was successful, but the upgrade is delayed to early April
$STG token migration set for March 15th. The migration will burn FTX’s token allocation, which represents 10% of total supply
Oasis exploits own wallet software to retrieve stolen funds from Wormhole hack. They immediately patched the vulnerability, but this raised concerns on precedence and ethos of decentralization
Metis to transition to Hybrid Rollup, which combines Optimistic and ZK Rollup architecture
Mars Protocol launches farming vaults on Osmosis for $OSMO-$ATOM and $OSMO-$USDC vaults
Yuga Labs announces TwelveFold, a NFT on Bitcoin blockchain
Sushiswap launches Sushi Studios, a decentralized brand licensing and incubator framework to assist in DAO formation
Dopex announces $rDPX V2. The token will allow minting of synthetic assets, act as a backstop for these assets, and serve as a rebate token for options writers
MakerDAO reactivates D3M for Aave, which balances Aave’s $DAI liquidity for stable interest rates
Conic Finance launches Omnipools, which allow users to gain exposure to multiple Curve pools and earn rewards in $CRV, $CVX and $CNC
Pendle Finance expands to Arbitrum
Axelar VM powered by Cosmwasm is launched
Account abstraction upgrade is live on Ethereum, supporting gasless transactions and recoverable wallets among other features. The upgrade can be deployed on any EVM-compatible chain
Radiant Capital V2 set to launch soon with improved tokenomics and increased number of collateral assets
Polygon zkEVM mainnet set to launch end of March
Polygon launches Polygon ID, a ZK-powered digital ID
Solana network crashed twice, root cause of crash still unknown
Holli, a new Ethereum testnet, set to launch end of 2023. The testnet aims to improve testing environment and address $ETH supply challenges
Aave proposal to recover tokens stuck in Aave contracts due to user mistakes receives positive signal
Uniswap V3’s deployment on Avalanche likely to be supported by LayerZero bridge
Binance seeks to re-enter Singapore market through their custody arm Ceffu
Tweets of the Week
Top token holders on 8 strong performing protocols by Thor
Market capitalization as a dynamic metric by Verum Capital
The significance of account abstraction by John Rising