💵Michael Erogov Pays Down Eight-Figure Aave Debt

GM Defiers!

Curve's founder, Michael Erogov, completely paid down his debt on Aave. Onlookers recently feared there would not be sufficient liquidity on-chain to process a potential Erogov liquidation without leaving Aave with bad debt.

A line of 26 soft toys depicting characters from the Pudgy Penguins NFT collection rolled out across 2,000 Walmart stores in the U.S. Traders pushed up the floor price by 11% in response to the news.

Arbitrum relaunched its Odyssey campaign in a bid to drum up network adoption. The move comes as ZkSync Era and Base have recently overshadowed Arbitrum by transaction throughput.

And Celestia, a Cosmos-based data availability layer, has unveiled plans for its mainnet deployment and token launch before the end of the year.

✍️ In today’s newsletter:

• Curve founder resolves debt on Aave v2
• Pudgy Penguins toys roll out across Walmart
• Arbitrum looks to bolster adoption with Odyssey relaunch
• Celestia plots mainnet deployment by 2024

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