EthHub Weekly #139 EthHub

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

🥩 Eth2 Phase 0 is Go

As I’m sure you’re all aware, the deposit contract went live this week which means we now have a minimum genesis time for eth2 phase 0 – December 1st, 2020 at 12PM UTC! I’m sure I don’t have to explain how excited both Eric and I are about this – Eric even came back to Twitter to celebrate! I penned a piece for The Daily Gwei that goes more in-depth on all of this which you can read here. Oh and Vitalik deposited 3,200 of his own ETH into the deposit contract!

Eric and I will be discussing all of this in-depth on the weekly recap podcast – don’t forget to subscribe so that you don’t miss it!

Have a great week everyone!

– Anthony

News of the Week

🤯 Grayscale’s Ethereum Trust Hits $1 Billion AUM

Crypto asset manager Grayscale’s Ethereum Trust has crossed the $1 billion mark in assets under management (AUM).

The milestone means Grayscale is now managing a billion-dollar worth of ether (ETH) on behalf of its clients. Grayscale’s Ethereum Trust allows investors to take indirect exposure to ETH in the form of a security, while avoiding the challenges of buying and storing ETH directly.

Last month, Grayscale’s Ethereum Trust became a registered reporting company with the Securities and Exchange Commission to file quarterly and annual reports with the regulator. 

⚖️ U.S. Officials Seize More Than $1 Billion in Bitcoin

The U.S. Justice Department has seized and is now seeking the forfeiture of thousands of bitcoins tied to the now-defunct Silk Road dark web market, with the holdings valued in excess of $1 billion.

The Justice Department said in a statement that “[t]he seizure represents the largest seizure of cryptocurrency in the history of the Department of Justice.” The news was first reported by Bloomberg

According to the statement, investigators used software tools to identify ” 54 previously undetected bitcoin transactions executed by Silk Road, all of which appear to represent bitcoin, which was the proceeds of unlawful activity, that was stolen from Silk Road in or about 2012 and 2013.” The release said that Chainalysis assisted in its investigation. 

Project Updates

Eth2 quick update no. 19

A very quick update from Danny Ryan this week that runs through the release of the deposit contract.

Eth 2.0 Dev Update #58 — “Mainnet Announced”

Bi-weekly update from PryLabs discussing the eth2 phase 0 mainnet announcement, the Medalla testnet, the usual development updates and more.

UMA Announces Developer Mining

50,000 UMA will be paid out weekly to developers that deploy synthetic assets using UMA. Each developer’s share of the rewards will be weighted by the value locked in their synthetic asset contract: the more popular a synth is, the greater share of the weekly rewards that the developer will receive.

NIFTEX Raises $500,000

NIFTEX, a platform that allows for the fractional trading of non-fungible tokens, announced a $500,000 funding round led by 1kx and joined by CoinFund, MetaCartel Ventures, Sparq and Digital Currency Group.

Making Maker: October 2020

An update from Maker covering everything that happened in the month of October including stats, a governance summary, media mentions and much more.

Dharma Announces Bank Account Integration

Dharma users now have the ability to buy tokens directly on Uniswap using their bank account. The service is currently limited to just 13 states in the U.S. and limited to $25,000 per week of purchases.

1inch V2 Launched

Improvements include an upgraded Pathfinder algorithm, an upgraded APY and a fresh new look for the website.

Keep3r Network Update

In this update, Andre breaks down how the Keep3r Network will be incorporating on-chain oracle price feeds into the protocol.

EIP-1559 Implementers Call #6

In this thread, Tim Beiko summarizes the latest implementers call and what the current progress is on EIP-1559.

Arbiswap Announced

Arbiswap is an implementation of Uniswap that uses Offchain Labs’ arbitrum rollup technology. It offers a 55x cost reduction in fees compared to mainnet.

Eth Gas Price Extension Updated

This update adds as a new data provider option and there is now an official website for the extension.

Synthetix Barite Product Release

This update runs through the new front-end updates to the various Synthetix products.

Interesting Tweets

Ecosystem Bits

Blog Posts



Meme of the Week

For those out of the loop, that’s Vitalik’s dad (Dmitry Buterin) on the right.

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