Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)
[SPONSORED] Kyber Network is a fully on-chain liquidity protocol that aggregates liquidity from diverse sources, enabling decentralized token swaps to be integrated into any application. Kyber Network aims to be the transaction layer for the decentralized economy, powering liquidity for decentralized finance (DeFi) applications.
Kyber is one of the most used and integrated DeFi protocols in the world, with over US$1 Billion worth of transactions and 1 Million transactions facilitated since its inception. Kyber supports over 80 different tokens, and powers over 100 integrated projects including popular wallets as well as DeFi platforms.
Another DApp powered by Kyber Network is the popular token swap service KyberSwap.com, which allows end users to seamlessly convert ETH and over 80 ERC20 tokens (including DAI, USDC, MKR, BAT, LINK, SNX) in a fast, simple, and secure way.
Kyber is governed by the KyberDAO, a decentralized community platform comprising KNC holders who stake their tokens to vote on important proposals and protocol parameters, earning ETH rewards in the process.
Discord | Website | Blog | Twitter | Developer Portal | Kyber Tracker
👨🌾 Yield Farming Heats Up Yet Again
The yield farming craze is far from over with projects seemingly launching new “liquidity mining” programs every other day. It was just a month ago that Compound kicked off this whole craze with the launch of their COMP token but it already feels like it’s been a year – time move super fast in crypto! Eric and I will be discussing more about yield farming on this weeks podcast recap.
Want to help battle-test eth2? Well you can join Sigma Prime’s new beacon-fuzz initiative which is “a differential fuzzing solution for Eth2 clients.” Yeah, I don’t fully understand what that means either but that’s because I’m not a developer! Though, if you are a developer, you can simply head here to get involved.
I also joined the new Ethereum Entrepreneur Podcast to talk all things Ethereum – listen here!
Have a great week everyone!
– Anthony
News of the Week
💰 PayPal Picks Paxos to Supply Crypto for New Service
PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter. A formal announcement of the PayPal relationship could come as soon as this week, one source said.
The offering would make PayPal one of the most prominent mainstream companies to offer cryptocurrency purchases, joining fellow publicly-traded payments provider Square and unicorn stock brokerage Robinhood.
It is not clear exactly which cryptocurrencies PayPal intends to offer and Paxos declined to comment.
😬 Prominent Twitter Accounts Hacked
A wide array of Twitter accounts owned by popular figures, large companies, and crypto exchanges were targeted Wednesday in a wide-ranging attack on Twitter.
The accounts in question — which included the likes of former U.S. president Barack Obama, reality TV star Kim Kardashian, Microsoft co-founder Bill Gates, and entrepreneur Elon Musk — were used to post bitcoin giveaway scams. Twitter eventually disclosed that the hacker was able to compromise some of Twitter’s employees with access to internal systems and tools and then change the email addresses associated with those accounts.
Project Updates
Eth 2.0 Dev Update #54 — So Close to Official Multi-client Testnet!
Exciting update from the PryLabs team covering the Onyx testnet, the usual code and research updates, upcoming work, and more. The team also published the results of their recent Quantstamp audit here.
Ask About Geth Launched
Team leader of Geth, Péter Szilágyi, launched a new blog post series last week called ‘Ask About Geth’ where Geth client and Ethereum protocol specific questions will be answered in depth. Check out the first post here.
Zkopru Announced
Zkopru is a layer 2 solution for private transactions that uses optimistic rollups to manage blocks and zk SNARK technology to build private transactions.
Reality Cards Announced
Reality Cards is the world’s first NFT-based prediction market where you don’t bet on an outcome, you own the outcome.
Geth v1.9.17 Now Live
This new version of Geth comes with light client database pruning, a lot fewer allocations, fixed ethstats on Görli; and more!
KeeperDAO v1 is Live
KeeperDAO is a protocol that economically incentivizes pooled participation in keeper strategies which manage liquidations, rebalances and arbitrage on DeFi applications spanning trading, exchange, and lending.
mStable Launches MTA Token
mStable launched their protocol token (MTA) over the weekend on the Mesa platform (built by Gnosis). This token will be used for governance, staking and more. The team also announced that they have received investment from Alameda Research/FTX and partnered with them for integration.
Teller Raises $1 Million
Teller is a blockchain project for decentralized lending incubated by A16Z’s crypto startup school. They announced a $1 million seed raise last week led by Framework Ventures, followed by Parafi Capital and Maven11 Capital, to build the first-ever algorithmic credit risk protocol for decentralized finance (DeFi).
Aave Launches New Features and Listings
This week, the Aave team introduced new risk parameters giving more freedom to users, new assets listed, the listing of LEND on Loopring, and a brand new fiat onramp for a seamless Fiat to Yield experience. They also raised $3mil from leading investors.
Scaffold-Eth Launched
Scaffold-eth is a stack of existing tools including Buidler and create-eth-app that people can use to get started developing on Ethereum. Watch the video here for an intro.
dHedge Announced
dHedge is a new decentralised asset management protocol powered by Synthetix, which is now live on the Ropsten testnet. dHedge offers non-custodial mimetic trading for synthetic assets, using the zero-slippage and infinite liquidity trading model of Synthetix.
Gods Unchained Update
James Ferguson, CEO of Immutable and Gods Unchained, gave a detailed update this week on where Gods Unchained has been, where it is and where it’s going.
Rari Capital Now Live
Rari Capital is a yield harvesting tool that automatically rebalances your funds between different protocols to earn the best return.
Ethereum Cat Herders Update #25
Updates on account abstraction, network health, EIP-1559, Ethereum 1.x, Eth2.0, ecosystem update, and more.
DUSD Announced
DUSD is a stablecoin that is collateralized by Curve Finance liquidity provider (LP) tokens. It uses chainlink oracles for its stability mechanism. DUSD leverages Curve to handle the logic around integrating with lending protocols and token swaps.
Interesting Tweets
Ecosystem Bits
Blog Posts
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Introduction to Building on DeFi with Ethereum and USDC — Part 1
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Several Reasons To Choose Stakewise for Ethereum 2.0 Staking
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The Ownership Economy: Crypto & The Next Frontier of Consumer Software
Podcasts
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Compound: How Will COMP Holders Shape the Future of Compound? – Into the Ether
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Anthony Sassano talks Ethereum Education, Maximalism, Decentralized Finance and more – Ethereum Entrepreneur Podcast
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Ethereum: Past, Present, Future | Vitalik Buterin – Bankless
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ETH 2, Phase 0 | Preston Van Loon of Prysamtic Labs – POV Crypto
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Numerai: The Crowdsourced Predictive Model Hedge Fund – Epicenter
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Yield Farming & Bootstrapping Liquidity | Ethereal Sessions 002 – Ethereal Sessions 002
Misc
Meme of the Week
Looking for Work?
Top jobs listed on Cryptocurrency Jobs this week:
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Senior DevOps Engineer – Curv
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Support Analyst, Custody – Coinbase
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Growth Associate (Marketing) – dYdX
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Backend Javascript & Web3 Developer – Reflexer Labs
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+100’s more on the Cryptocurrency Jobs website!
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