💰Arbitrum Users Leave $56M In ARB On The Table

GM Defiers!

The window for users who qualified for Arbitrum's airdrop to claim their tokens has now expired, with Arbitrum's DAO taking possession of $56.5M worth of unclaimed ARB.

The community for ApeCoin, the native token of Yuga Labs' NFT ecosystem, narrowly backed a proposal to launch a sister DAO tasked with collecting valuable non-fungibles. ApeCoin's treasury will allocate 750,000 APE to the new venture.

Digital asset prices remain low following last week's hawkish outlook from the Federal Reserve, with the central banking tipping one final interest rate before 2024. The news triggered bearish momentum across most asset classes.

Plus, Prisma is rising up the TVL rankings after deploying a stablecoin exclusively backed by liquid staking tokens.

✍️ In today’s newsletter:

• Arbitrum airdrop claims close despite 70M ARB unclaimed
• ApeCoin earmarks 750,000 APE for new sister DAO
• Fed outlook leaves markets shaken
• Prisma's LST-backed stablecoin proves a hit

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