📅Ethereum's Dencun Upgrade Scheduled For March 13

The Defiant's daily newsletter recaps all of the hottest news across web3 from Feb. 8.

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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:

Creating asset-backed stablecoins with the Reserve protocol

🎬 WATCH

Check out our discussion with Tina and Teddy to learn more about EigenLayer, the pioneering Ethereum restaking protocol. Also watch our podcast with Terraform Labs CEO, Chris Armani, to find out about the project's strategic pivot and the company's decision to file for bankruptcy.

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