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👀Aave To Launch Lido-Focused Lending Market

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Aave appears poised to become the latest member of the Lido Alliance. The project’s governance has greenlit the launch of a Lido-focused deployment of Aave v3.

Arbitrum’s daily revenue rocketed to a record high amid a frenzy of activity surrounding LayerZero’s airdrop. The ZRO launch also pushed the throughput of the broader Ethereum ecosystem to a new all-time high.

Plus, crypto markets lose momentum alongside tech stocks and 3iQ files for a Solana ETP.

✍️ In today’s newsletter:

  • Aave to launch stETH-focused v3 deployment
  • ZRO airdrop drives activity spike despite controversy
  • Digital assets dip alongside weakening tech stocks
  • 3iQ aims to introduce Solana ETP in Canada

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🤝Aave Community Backs Lido Alliance, Greenlighting stETH-Focused V3 Deployment

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Aave, the largest web3 lending protocol, is throwing its weight behind the freshly launched Lido Alliance. The project’s community passed a proposal to launch a modified version of Aave v3 designed to facilitate efficient stETH recursive lending. The news coincided with several other proposals passing, including launching the protocol on ZkSync Era and deploying the GHO stablecoin on Arbitrum.

⬆️LayerZero’s Airdrop Drives Record Arbitrum Fee Revenue

Activity surrounding LayerZero’s highly anticipated ZRO airdrop has propelled both Arbitrum revenue and combined Ethereum activity into record highs. The milestones come as LayerZero’s community is split over the Proof of Donation required for the airdrop, with eligible addresses required to donate to Protocol Guild in order to receive their tokens.

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Nexo’s Hunt for $13M in NEXO Tokens airdrop rewards users for their engagement on the Nexo platform. Participants earn points through activities like exchanging crypto and using a multitude of services on the Nexo platform. While the campaign ends soon, on July 7, it still offers latecomers a chance to accumulate significant points through multipliers, giving you a good shot at a larger share of the airdrop.

New users receive a 5x multiplier, and additional multipliers include up to 2x for being a part of Nexo’s Loyalty program, and more. So if you’re looking to get in on an airdrop, this might be just the thing, check it out.

READ MORE: NEXO’S $13M AIRDROP: LATECOMERS CAN STILL WIN BIG

📉Crypto Markets Turn Lower as Tech Stocks Dip

Digital assets are trending down despite news that MicroStrategy added 11,931 BTC to its sizable Bitcoin holdings. The top 10 non-stablecoin assets each posted losses ranging between 3.7% and 12.5% over the past 24 hours.

🇨🇦 3iQ Submits Prospectus For Solana ETP in Canada

3iQ, a veteran digital asset manager, is eyeing Solana for its third crypto exchange-traded product. The prospective Solana Fund would offer shareholders exposure to both SOL price movements and Solana staking rewards.

🌍 ELSEWHERE

  • StanChart Plans Spot Crypto Trading Desk for Bitcoin, Ether (Bloomberg)
  • Winklevoss Twins Donate $2 Million in Bitcoin to Donald Trump (Bitcoin Magazine)
  • U.S. Lawmakers Visit Detained Binance Exec in Nigeria, Call for Release (CoinDesk)
  • German Government Sells $195 Million Bitcoin (Unchained)

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