GM Defiers!
Ethereum's long-awaited Dencun upgrade is set for mainnet deployment on March 13 after passing its final testnet dress rehearsal earlier this week. The news also follows the Ethereum Foundation announcing a 10-week program to help onboard new core developers.
EigenLayer has attracted more than 10% of the circulating liquid staking supply. More than $3.5B worth of LSTs have entered the token since EigenLayer temporarily removed its pool limits on Feb. 5.
And in other news, Frax launched a modular Layer 2 network, Morpheus AI attracted $80M worth of stETH on launch day, and Mountain protocol's USDM is now the largest U.S. Treasuries-backed stablecoin.
✍️ In today’s newsletter:
- Dencun scheduled for mainnet on March 13
- EigenLayer absorbs 8% of staked Ether
- Frax deploys modular L2
- Degens pile $80M into Morpheus AI
- USDM grows to $153M in four months
🎙️The Defiant Podcast & Interviews:
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