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October 13, 2023

🛒Grocery Chain Sues Decentralized Exchange Over Trader Joe Name

The Defiant

DeFi Alpha

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Trader Joe, the prominent Avalanche-based DEX, is facing another lawsuit from Trader Joe's, the U.S. grocery chain. The company wants Trader Joe to shut down its websites and hand over all profits generated plus compensation.

Voting for Arbitrum grant allocations has closed, with Lido narrowly missing out on 4M ARB. Lido critics are praising the outcome, warning against the protocol further extending its staking dominance.

MetaMask, the popular Ethereum wallet tapped Stripe to launch a fiat on-ramp for U.S. users. The news follows increasing integrations between MetaMask and PayPal.

The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of the bankrupt centralized lender, Voyager Digital. The complaint accuses the previous chief executive of commingling customer assets.

Goldfinch, a real-world asset-based lending protocol, is writing down $7M of its $20M loan to Stratos, a U.S. credit fund. The company behind Goldfinsh will backstop losses suffered by affected users.

Plus, Farcaster opened its doors to permissionless onboarding, allowing any users to access the Optimism-based decentralized social protocol.

✍️ In today’s newsletter:

  • Trader Joe sued over branding
  • Lido left out of Arbitrum grants
  • Stripe provides fiat on-ramp for MetaMask
  • Former Voyager CEO charged
  • Goldfinch backstops losses from Stratos loan
  • Farcaster opens up to all users

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[@portabletext/react] Unknown block type "marketDataNew", specify a component for it in the `components.types` prop

🎬 WATCH

Watch our video examining the recent decline in activity on Ethereum's mainnet. And check out our podcast with Aurora Labs CEO, Alex Shevchenko, who shares his thesis for why appchains will be the engine driving web3 adoption in the future.

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