The Defiant

GM Defiers!

Ethereum’s highly-anticipated Dencun upgrade is already proving to be a resounding success, with EIP-4844 driving a sharp reduction in Layer 2 transaction fees.

Zerion, a web3 smart account provider, announced plans for a Layer 2 boasting zero transaction fees for users. Zerion said it is happy to subsidize fees in a post-Dencun environment and expects to generate revenue by picking up new wallet users.

And Thetanauts is jumping into liquid restaking with a product deriving yields from Pendle.

✍️ In today’s newsletter:

Dencun drives L2 transaction fess down by between 50% and 98%
Zerion announces plans for zero-fee L2
Thetanauts enters liquid restaking sector

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🎬 WATCH

Check out our review of the GridPlus Lattice1 hardware wallet. Also watch our podcast with Evan Cheng, the former Apple Engineer who co-founded Mysten Labs, the team behind Sui Network, to learn about the Layer 1 blockchain’s roadmap and ambitions.

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BLOCKCHAINS, ABSTRACTED

💰 Transaction Fees On Layer 2 Plummet Post-Dencun

The long-awaited Dencun upgrade appears to have been wildly successful, with transaction fees on L2s dropping by between 50% and 98% as support for the EIP-4844 upgrade rolls out.

👀 Zerion Announces L2 Subsidizing Transaction Fees

Zerion, a smart account wallet provider, is moving to capitalize on the Dencun hard fork by announcing plans for a Layer 2 network subsidizing fees for users. Zerion hopes that its fee-free L2 can drive revenue from newly onboarded wallet users.

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Evolving DeFi by reinventing corporate finance for DAOs.

DeFi's promise to become the world’s economic infrastructure relies on its ability to professionalize its governance layer, optimizing resource allocation and fostering a resilient and innovative ecosystem.

A leader in active DAO treasury management and on-chain, non-custodial asset management, Karpatkey seeks to bridge the gap between DeFi and traditional finance. By integrating traditional finance practices into the DAO framework, we’re pushing for the sector's growth and the efficient allocation of its capital resources, preparing it to finally start onboarding traditional finance at scale.

READ MORE: Corporate—>DAO Finance

💧 Thetanuts Finance Launches Leveraged Liquid Restaking

Thetanauts is the latest web project to jump onboard the booming liquid restaking sector. The protocol is leveraging Pendle to offer yield to users from a variety of sources within web3.

🌍 ELSEWHERE

Spot ETF net inflows slow as bitcoin retreats from latest all-time high (The Block)
US senators push SEC to reject other crypto ETF proposals, casting doubt on Ethereum ETF approval chances (CryptoSlate)
El Salvador Has Thousands More Bitcoins Than Previously Known (CoinDesk)