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September 28, 2023

💵Michael Erogov Pays Down Eight-Figure Aave Debt

The Defiant

DeFi Alpha

Together with

Together with

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

🙏Sponsored

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

🎬 WATCH

Watch our video looking at the rise of Friend Tech and social trading apps. And check out our podcast with MetaMask's director of product, Erik Marks, discussing the wallet's new plugins, Snaps.

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MetaMask Snaps are new features and functionality, created by third-party developers, that MetaMask users worldwide can install directly to customize their wallet. With MetaMask Snaps, every wallet becomes a unique reflection of its owner's aspirations and preferences.