EthHub Weekly #132 EthHub

Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)

💸 Gitcoin Season

Gitcoin Grants Round 7 is now live which means you can donate to hundreds of different projects and get your donations matched up to 100’s of times (thanks to quadratic matching). Just a friendly reminder that the best way to support EthHub is by donating to us on Gitcoin which you can do here. Thanks in advance for your donations! Oh and Eric has become a sponsor for this round as well!

This is interesting – Kraken (the exchange) has a position open for a Lead Ethereum Strategist. Seems like it would be a really cool job according to the role description – you’d basically be an external and internal advocate for Ethereum!

I joined the Bankless Meet the Nation series to discuss all things TokenSets – you can watch that here.

Have a great week everyone!

– Anthony

News of the Week

🏦 Kraken is Launching a Crypto Bank in Wyoming

Cryptocurrency exchange Kraken is launching a bank under a new regulatory framework in Wyoming, a move that will expand its product suite, the firm said in an announcement Wednesday. 

Headquartered in Wyoming, Kraken Financial will be regulated by the Wyoming Division of Banking under a so-called Special Purpose Depository Institution. The new structure was purpose-built for cryptocurrency companies and will allow Kraken to offer certain banking functions to clients and effectively serve as the exchange operator’s primary banking relationship. Up until this point, Kraken has relied on third-party providers for wire transfers and other services that enable it to engage with the broader financial system.

⚖️ New York Attorney General to Bitfinex and Tether: ‘Delays Must Stop’

NYAG Senior Enforcement Counsel John Castiglione filed a letter Monday ahead of a conference involving the regulator and the two cryptocurrency firms arguing it is time they complied with a 17-month-old document production order detailing financial information within the next two months. 

For their part, counsel representing the two firms argue the order is too broad and the scope should be limited first.

“As of this filing, the 354 Order has been in place for seventeen months. In that time, Respondents have produced ‘jurisdictional’ documents (as directed by this Court) but failed to produce the core information called for in the Order. The delays must stop, and Respondents should be directed to comply promptly,” Castiglione said.

New York State Supreme Court Justice Joel M. Cohen scheduled the hearing for this Thursday, after receiving a request from the New York Attorney General’s (NYAG) office last week complaining that Bitfinex and Tether had yet to turn over any documents. 

Project Updates

What’s New in Eth2 – 19 September 2020

An EIP-2982 explainer, Spadina update, regular research and development updates and more from Ben in this weeks newsletter.

EIP-2982 Submitted

Danny Ryan and Vitalik Buterin submitted EIP 2982 this week which is an EIP to upgrade Ethereum’s consensus mechanism from proof of work to sharded proof of stake – aka, an EIP to upgrade eth1 to eth2. Learn more here.

Lighthouse Update #29

Lots of content this week including updates on the eth2 standard API, networking, sync enhancements and more. Updates

A round of updates to the developer content, an information page on the Medalla data challenge and more in this website update.

Introducing UNI

UNI, the Uniswap Protocol governance token, is live now on the Ethereum mainnet. UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.

Yam V3 Goes Live

The migration from Yam v2 to v3 is now live and, if you’re a holder of YAM, you can migrate your tokens across with 50% being available immediately and the other 50% vesting over 30 days.

Introducing SyntheticRebaseDollar

SyntheticRebaseDollar is an auto rebasing index that tracks the dollar value of the collateral that creates it.

Marqet Introduced

Marqet combines AAVE credit delegation with Synthetix peer to contract exchange to uniquely provide trustless margin trading of any synthetic asset with no slippage.

Gnosis and xDai Partnership Announced

Gnosis has teamed up with xDai, an Ethereum sidechain designed for fast and inexpensive transactions, providing a developer-friendly environment that retains real world economic incentives.

The Graph Launches Curator Program

Today The Graph announced the launch of its Curator Program. CoinGecko, CoinMarketCap, Messari, Delphi Digital, Zapper, Synthetix, Pool Together, LivePeer, mStable and Balancer are all preregistered to be Curators on The Graph Network.

MyEtherWallet Launches EthVM

EthVM is a new open source Ethereum block explorer from the team at MyEtherWallet (MEW).

COVER Protocol Announced

COVER is an evolution of the SAFE protocol that was launched last week.

Introducing PrimeDAO

PrimeDAO is a collective of experienced builders committed to the systemic advancement of Open Finance.

Paraswap Raises $2.7M Seed Round

ParaSwap raised the seed funding from a total of 32 investors including Blockchain Capital, Alameda Research, Arrington XRP Capital, Coinfund, CoinGecko, Aave founder Stani Kulechov and others.

Gelato Network raises $1.2 Million

The team behind Gelato Network, an Ethereum-focused protocol for automating transactions, has raised $1.2 million in a seed funding round.

APY.Finance Raises $3.6 Million

APY.Finance, which is building a decentralized finance (DeFi) aggregator for yield farming, has raised $3.6 million in new funding.

The round saw participation from Alameda Research, Arrington XRP Capital, Coingecko, and Parafi Capital partner Santiago Roel Santos, among others.

Interesting Tweets

Ecosystem Bits

Blog Posts




Meme of the Week

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