Daily Notes: 09-06-2023
Developments
Blur’s new lending platform (Blend) has had more volume in loan originations than all NFT marketplaces combined.
Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms
Curve CEO Egorov is being sued for fraud by ParaFi Capital, Framework Ventures and 1kx.
Russian Nationals Charged With Hacking One Cryptocurrency Exchange and Illicitly Operating Another
The DOJ charged 2 Russian nationals with conspiring to launder 647K BTC from their hack of Mt. Gox.
Robinhood Is Delisting ADA, MATIC and SOL
Robinhood is delisting ADA, MATIC and SOL. Users will be able to transfer ADA, MATIC and SOL until the 27th of June, 2023. After the deadlines, untransferred coins will be sold for market value and credited to users.
The exact amount of ADA, MATIC and SOL held on Robinhood by users is unclear, and not disclosed. Jump Trading’s Robinhood Custody Wallets (seen below) shows a negligible amount of MATIC.
Trending Assets
Above $100M MC by performance
RNDR outperforms on the daily, likely due Apple news and rumors.
Joe has been a consistent outperformer over the past 30 days, as the team continues to release new updates, add new markets and improve upon an already robust product.
Above $1B MC by performance
Nothing particularly interesting happening in the market, and not many drastic changes have happened regarding trending assets.
On-Chain Trading Volume
On-chain trading volume has dwindled down over the past month, hitting new lows over the past 60 days.
Although trading volume has decreased across the board, ARB has gained share in trading volume across the other top traded assets on-chain.
Coingecko Trending Assets
Turbo (TURBO)
Kinesis Gold (KAU)
Open Campus (EDU)
PointPay (PXP)
Polygon (MATIC)
Energy Web (EWT)
AirTor Protocol (ATOR)
Governance Proposals
Trader Joe: JP-25 - Open a ankrETH-ETH Market
Ankr proposes to the Trader Joe’s community to create an ankrETH-ETH Market.
ankrETH is a reward-bearing token.
Conic DAO: CAP - Whitelisted Curve Pools for ETH
Proposal to decide which curve pools will be whitelisted to receive liquidity from the Conic ETH Omnipool.
Options are:
rETH - ETH
stETH - ETH
cbETH - ETH
A pool must receive at least 34% support to be whitelisted.
JPEG'D: PIP-59 Migrate PUSd and USDC to A100 Pool
The proposal is to migrate PUSD and USDC to the new PUSd/fraxbp curve pool which has an A factor of 100.
This would reduce slippage and Frax would vote on the pool (which would lead to CRV rewards and further liquidity)
Articles / Threads
Prisma will onboard five different LSDs from Rocket Pool, Coinbase, Binance and FRAX, and not just Lido.
Prisma will implement veTokenomics for governance. Governance will decide on protocol fees. vePRISMA holders will also be granted boosts.
Prisma will implement gauge systems similar to Curve to incentivize liquidity.
Trader Joe Partners with Savvy to utilize the power of Liquidity Book
Savvy will be the first protocol to host an initial farm offering on Trader Joe v2.
Savvy is a lending protocol with auto-repaying, interest-free credit lines.
During the IFO, Savvy will offer boosted rewards to JOE holders who hold an ‘IFO Boost NFT’
New Protocols
Partitura
Description: Infrastructure for building composable smart transactions.
Twitter: https://twitter.com/partitura_io
Website: https://partitura.io/
Atomic Green
Description: Protocol for leverage trading on Ethereum, Arbitrum, Polygon. Audited by Halborn.
Twitter: https://twitter.com/atomic__green
Website: https://atomic.green/
Pharos Protocol
Description: On-Chain Prime Broker
Twitter: https://twitter.com/PharosProtocol
Website: https://www.pharosprotocol.com/
Krill Protocol
Description: Where protection meets profit. Deflationary DeFi reimagined on Optimism.
Twitter: https://twitter.com/krill_protec
Website: n/a
zkSynth
Description: Synthetics Protocol for the ZK Ecosystem. Launching on zkSync and Scroll
Twitter: https://twitter.com/zkSynth
Website: https://zksynth.com/
