Ethereum Steps Closer to Shanghai
Hello Defiers! Here's what we are covering today!
News
- Ethereum Takes Big Step Closer to Shanghai Upgrade
- Uniswap to Deploy on BNB Chain
- Canto Rallies After Variant Discloses Stake
- Paxos Proposes To Deposit $1.5B Of USDP In MakerDAO
Crypto Crackdown
Podcast
DeFi Explainers
Today’s Sponsors
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News
Ethereum Upgrades
Ethereum Takes Big Step Closer to Shanghai Upgrade
Devs Deploy Shadow Fork to Support Staked ETH Withdrawals
By Samuel Haig
Hitting a milestone on Ethereum’s next upgrade, the network’s devs on Monday deployed a shadow fork supporting staked ETH withdrawals.
Read the full story in The Defiant
Crypto Crackdown
SEC Charges Alleged Mango Exploiter With Market Manipulation
Agency Calls MNGO a “So-Called Governance Token” and a Security
The U.S. Securities and Exchange Commission has charged infamous degen Avraham Eisenberg with market manipulation that cost Solana protocol Mango Markets $116M.
Read the full story in The Defiant
Sponsored Post
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DEXs
Uniswap to Deploy on BNB Chain
UNI holders Vote to Deploy V3 of No. 1 DEX on Ethereum Rival
By Samuel Haig
Uniswap, the No. 1 decentralized exchange by trade volume, is poised to deploy for the first time on a major competitor to the Ethereum ecosystem.
Read the full story in The Defiant
DeFi Lending
Paxos Proposes To Deposit $1.5B Of USDP In MakerDAO
Deal Could Generate $70M Annually For Maker
By Owen Fernau
Paxos, a multi-pronged financial infrastructure company which issues crypto’s seventh-largest stablecoin, is looking to make a deal with DeFi’s oldest lending protocol.
Read the full story in The Defiant
Layer 1s
Canto Rallies After Variant Discloses Stake
Ethereum-compatible Layer 1 is the Fifth-Largest Blockchain on Cosmos
Investors have flocked to Canto, a nascent blockchain, this week after a prominent crypto venture fund disclosed it had taken a position in the project.
Read the full story in The Defiant
Defiant Video
Podcast Video
An Inside look into Solana After FTX’s Collapse
DeFi Explainers
What is Unit Protocol?
A Primer on the Stablecoin Collateral Tool
Due to the inherent volatility of the crypto market, stablecoins are instrumental in transferring on-chain value and securing loans.
Unit Protocol is a decentralized finance (DeFi) protocol that mints USDP stablecoins by collateralizing them with multiple tokens. Investors then use USDP to issue stabilized loans, without having to worry if the value of the collateral will go down overnight.
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