Weekly Alpha
Important DeFi News
Ethereum’s Shapella Upgrade, enabling staked $ETH withdrawals, is set for April 12th
zkSync Era Mainnet Alpha hit $67M in TVL just 4 days after its launch
Polygon zkEVM Mainnet Beta went live
$USDT market dominance reached its highest level since June 2021, at 57.5%, as $BUSD and $USDC lost market share due to regulatory crackdowns and SVB bankruptcy
MakerDAO announced the Endgame Era, featuring a restructured governance model, improved tokenomics, and a focus on increasing decentralization and resilience
Balancer's first halving installment went live, reducing $BAL emissions by 15.9%. The halving event will decrease the total supply by 6%
GMX traders’ cumulative PNL has surge in the past 2 months, raising concerns about $GLP's sustainability in the future
dYdX has plans to launch a private testnet on its own Cosmos blockchain
Lido V2 successfully processed a staked $ETH withdrawal on the Goerli testnet
Aave introduced Collateral Swaps
Unidex V3 has gone live on zkSync Era, becoming the first perpetual DEX on it
Linea, Consensys's Ethereum zk-rollup, launched its public testnet and partnered with Connext Network
Polynomial Protocol, a perpetual DEX built on top of Synthetix, has launched
Mint Square, the first NFT marketplace on zkSync Era, is now live
PlutusDAO plans to introduce $bPLS, enhancing user's capabilities
Yama Finance, an Arbitrum omnichain stablecoin enabling high leverage, is now live
Bancor's Arb Fast Lane protocol entered its beta phase, with built-in arbitrage trades
Sui, an L1 blockchain, announced a Permanent Testnet
Cryptex Finance announced V2, allowing users to trade perpetuals of the total cryptocurrency market cap
Notional announced V3 with lending market and UX improvements
STFX 2.0 Public Beta launched, featuring a UI redesign and other platform features
Sentiment, an Arbitrum credit protocol, improved its UX with a faster and easier UI
Tectonic, a cross-chain money market on Cronos, launched its Isolated Pool feature
Ronin Chain staking is now live
Cega, a Solana derivatives protocol, is set to expand to Ethereum
Burnt plans to launch Xion, an L1 blockchain on Cosmos, to increase consumer adoption
Injective, an L1 blockchain, integrated on-chain FX pairs
Homebase, a real estate protocol on Solana, sold out its first tokenized home
Wormhole enabled DeGods and y00s crosschain transfers to Ethereum and Polygon
Infura introduced the Sepolia ETH faucet
Governance Proposals
Aave has passed a temperature check for deploying its V3 on Polygon zkEVM and is currently voting on deploying it on the BNB Chain
The $WETH Replacement program proposal is live on Curve, replacing $WETH with Frax's $frxETH stablecoin
A BNB Chain proposal suggests adopting a more flexible transaction fee structure on BSC to enhance competitiveness with other L2s and attract new users
Balancer will vote to deploy the protocol on Polygon zkEVM
Uniswap's community has shown positive sentiment in deploying V3 on Polygon zkEVM
Gearbox’s proposal to reduce liquidity mining rewards has overwhelming support
Compound will vote on incentivizing migration to V3 through $COMP emissions
NFTX DAO is considering rebalancing $3.5M of treasury to stablecoins
Morpho DAO proposes a reduction in $MORPHO emissions by 40%
Next Week’s Alpha
Optimism's Bedrock Upgrade will occur on April 5th, bringing reduced network fees and the implementation of zero-knowledge proofs
Uniswap v3 license expires on April 1st, paving the way for new forks to freely emerge
Pancakeswap is implementing V3, an Uniswap v3 fork, on April 3rd
Grail V2 is expected to launch soon, with an airdrop for public sale participants occurring shortly after the deployment. Participants will receive 25% of their contributed amounts as $xGRAIL
$RDNT is the upcoming Binance Launchpad project, allowing users to stake their $BNB and $TUSD to farm it
The Graph Protocol is set to enable indexing rewards during Phase 2 of its L2 scaling process
Thena, a leading BNB DEX, will introduce supercharged concentrated liquidity
Premia V3, featuring concentrated liquidity, limit orders, margin trading, and a more user-friendly platform, is anticipated to launch soon
Starknet Alpha v0.11.0 is expected to be released soon
Thala, a yield-bearing stablecoin protocol on Aptos, Token Generation Event will run from March 31st to April 5th, with 10% of the total supply available during the TGE
Native $USDC is launching on Cosmos through the Noble protocol
ETHGlobal Tokyo, one of the largest Ethereum hackathons, is set to start on April 14th
Betswirl, a gambling protocol, has an important partnership announcement coming up
$GHO and $crvUSD stablecoins are launching soon
Sei network Mainnet is set to launch in the next few months
$ACALA will unlock 2.7% of the total supply on April 1st
$TORN will unlock 1.8% of the total supply on April 7th
News
First Citizens Bank has purchased Silicon Valley Bank’s $72B assets at a $16.5B discount
The Euler exploiter returned $179M out of the total $205M in stolen funds
CFTC has filed a complaint against Binance for allegedly violating U.S. laws. Binance CEO CZ has responded, highlighting multiple discrepancies with the facts included in the complaint
Binance to exit Canada amidst regulatory crackdowns
Voyager sale to Binance U.S. has been halted again
U.S. Court has ruled DAO token holders as “members of a general partnership”
Avalanche's C-Chain saw an 80-minute downtime twice within a week
Gucci and Yuga Labs announced a partnership
European Parliament has passed crypto AML regulations
OKX is about to turn over to debtors $157M in frozen FTX and Alameda-Related Assets
Goldfinch is set to launch a $2M loan deal with Fazz Financial, a Singaporean fintech
Circle is currently holding all of its cash reserves in one of the worlds’ most secure banks
Binance will increase its $TUSD trading pairs as it replaces $BUSD
Nasdaq has announced it will offer Bitcoin custody by Q2 2023
Upbit opens trading for the ARB/BTC and ARB/KRW markets at 16:00 UTC on March 30th
Kokomo Finance developers have exploited their own protocol, stealing $4M in user funds
THORChain has resumed operations a day after pausing all on-chain activities to investigate a potential vulnerability
Fetch AI, an AI crypto protocol, has raised $40M from the investment firm DWF Labs
So-Col, a Web3 social platform, has raised $4.5M in new funding
Do Kwon will face document forgery charges in Montenegro court, while U.S and Korea vie for extradition
SBF is accused of bribing Chinese officials with $40M
Tweets of the Week
New Protocol Alpha series by An Ape’s Prologue
ARB airdrop selling the news by An Ape’s Prologue
A personal view on crypto in context of current issues by Chris Burniske
Ethereum Shanghai Upgrade overview by Consensyns
$ARB Top Seller by An Ape’s Prologue
Report on Sui Testnet Wave 2 by Figment Capital