Daily Notes 17-10-2023
Daily Notes 17-10-2023
Developments
The Uniswap Labs has triggered a fee switch of 0.15% that redirects to Uniswap Labs on specific crypto pairs traded through the native Uniswap frontend.
The 0.15% fee came into effect today and is separate from a $UNI token fee switch which would redirect a percentage of revenue to token holders.
Users may bypass the Labs fee through using aggregators, other frontends or through directly interacting with the smart contracts themselves.
Scroll mainnet has officially launched. So far 1642 ETH ($2.56 million) has been bridged to Scroll. There is also $1.03 million in TVL and 2094 unique users on the network.
BNB Chain launches the ‘BNB Greenfield Mainnet’, a decentralised data storage network that offers fast uploads and downloads, strong privacy/access controls, cross-chain programmability, and data marketplaces where users can freely create, list, trade and sell their data.
While seamlessly connecting with the BNB Smart Chain, the chain also will enable development for the decentralised hosting of AI datasets, a “knowledge economy platform” and IP infrastructure for the tracking and licensing of content.
Fantom Foundation Wallet Drain
Fantom Foundation wallets were drained for $550,000 in total via a “ zero day hack via Google Chrome”. The scammer’s wallets hold $7 million, $3.4 million of which is suspected to have been drained from a separate Fantom employee’s wallet.
Binance Halt Direct USD Withdrawals and Stops Accepting New UK Users
Binance US users can no longer withdraw USD from their account. This comes as Binance also stopped accepting new UK users yesterday in order to comply with ad rules.
dYdX Public Benefit Corporation
dYdX will not profit from or control the operations, infrastructure, fees, growth or development of any protocol using dYdX v4 (dYdX chain) open source code, as they move to a public benefit corporation.
FTX agreed to pay Riot Games, the company behind League of Legends & Valorant, $100 million over 7 years. They also agreed to pay Tomorrowland music $42 million through 2026 and the Coachella music festival, $25 million. The details behind the deals are yet to be revealed.
Reddit Sunsets On-Chain Reward Service
Reddit will be sunsetting their on-chain reward service, community points after 3 years of being live. Reddit cites difficulty scaling which has been further exacerbated by the current tough regulatory environment surrounding crypto projects.
Trending Assets
Note: Tables will be back at the end of this week.
SPX, up 31%, BB, up 27%, and PRIME, up 13%, performed well over the past day for tokens below $100M MC.
Large caps mostly underperformed. Regarding tokens above $100M MC, MC, up 7%, and APE, up 4%, performed well.
TVL
TVL Above $10M
Over the past day:
Liquid Collective, LSD on Ethereum, TVL grew by 38.55%.
BiFi, multichain yield, TVL grew by 23.76%.
Meteora Vaults, yield on Solana, TVL grew by 23.44%.
Fees
GMX V1 fees earned are up 1509.74% following the false reporting and massive short liquidations yesterday. Nothing particularly exciting apart from that.
Governance Proposals
Proposal to add FXS to the Ethereum Aave v3 Liquidity Pool.
[TEMP CHECK] CRVUSD Onboarding on Aave V3 Ethereum Pool
Proposal to onboard CRVUSD, minted by the Curve Protocol, into the Aave V3 Ethereum pool.
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