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⚖️Tornado Cash Founders Face Sanctions and Charges

The Defiant

DeFi Alpha

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The United States government renewed its war against the Ethereum-based coin mixer, Tornado Cash, levying charges against two of the protocol's founders. The news comes 12 months after the Treasury Department sanctioned Tornado Cash by adding its smart contracts to the Specially Design Nationals list.

EigenLayer, the pioneering Ethereum restaking protocol, attracted an impressive $160M worth of deposits in two hours after raising the limits of its pools for only the third time. The protocol boasts a $240M TVL just ten weeks after launching.

dYdX, the leading decentralized perpetuals exchange, vowed to take against would-be MEVors on its hotly-anticipated Cosmos-based appchain. The dYdX Foundation said both validators and delegates supporting extractive MEV will face repercussions once dYdX Chain is live.

And Farcaster, a decentralized social graph protocol, announced it will migrate from Ethereum to Optimism. The move comes as Optimism is pivoting to its multi-network "Superchain" roadmap.

✍️ In today’s newsletter:

  • Tornado Cash founders face charges from U.S. Treasury Department
  • EigenLayer absorbs $160M in two hours after raising limits
  • dYdX takes a stand against MEV ahead of appchain launch
  • Farcaster taps Optimism Superchain for scalability ahead of public launch
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