Last Week in DeFi - Arbitrum Orbit Mainnet Ready, IndexCoop cdETI Live, Astrid Exploit, Poolshark Beta-2 Live, and More...
Recap: Week of Oct 23th
Product Launches π
Arbitrum Orbit Mainnet Ready
Arbitrum Orbit is now mainnet ready. Orbit offers Rollup and AnyTrust tech for devs to build Orbit chains.dYdX Chain Live
The dYdX chain v0.1 is live. The code including the orderbook and frontend has been audited and open-sourced.IndexCoop cdETI Live
IndexCoop launches the CoinDesk ETH Trend Index (cdETI), allowing users to automate their ETH exposure.Chain Chat by Zapper
Zapper launches Chain Chat, an on-chain group chat tool similar to FriendTech.Astrid Mainnet Live
Powered by EigenLayer, liquid restaking protocol Astrid is live on the Ethereum mainnet. Users can restake LSTs including stETH, rETH, and cbETH on Astrid.Qi DAO V2 Live
Qi DAO launches V2. The V2 upgrade brings QI as an OFT token with improved tokenomics.Swell Super swETH
Swell launches Super swETH vault. Users can deposit stETH in this vault for boosted Pearl hunting and up to 18% yield from staking + redirected DAO revenue.cPerps on Ethereum & Polygon
Contango launched cPerps to Ethereum and Polygon, leveraging Aave v3βs low funding rates to improve the perps trading experience.Stackly on Mainnet
Powered by CowSwap, DCA protocol Stackly is live on the Ethereum mainnet.Debank Monitor Bots
Debank releases the Monitor Bots, allowing users to set up bots to track any 0x address and get alerts.
Project Updates π©
Polygon Launches POL Token
Polygon 2.0 token POL contracts are deployed on the Ethereum mainnet.Kava One-Click Bridging
Kava launches a one-click bridge solution, enabling $USDT transfers across Kava EVM, Kava IBC, and Injective.LUSD Live on Starknet
L1 on L2 gateway protocol Nimbora integrates with Liquity and enables LUSD borrowing on Starknet with cheaper fees and zero borrowing limits.SushiXSwap v2 Live
Sushi launches SushiXSwap v2. V2 offers improvements including more chains and more tokens to swap, more convenience, and enhanced security.Liquidity protocol Poolshark launches closed beta-2 on testnet.
SSV Incentivized Mainnet Program
The SSV Network launches an incentivized mainnet program. During the 12 rounds program, validators on the mainnet will be rewarded with SSV tokens based on a tiered rewards system.
Governance Highlights π
Temp Check Approved: Uniswap to Invest in Ekubo
Uniswap governance has approved a temperature check vote to invest in Ekubo protocol - an upcoming AMM on Starknet.Aave Governance Proposals
DAO Funding
Aave proposes to update the DAOβs stablecoin holdings in preparation for several service provider proposals in security, risk, financial service, etc.GHO Liquidity Support
Aave proposes creating a new GHO/USDC/USDT BPT stable coin category within the Aave Safety Module (SM), in order to diversify assets within the SM to support GHO liquidity.Financial Management Working Group
Aave proposes establishing a Financial Management Working Group (FMWG) to enhance financial reporting and auditing, GHO stablecoin management, treasury management, and Safety Module management.
Regulations ποΈ
BTC ETF Progress
Blackrock's iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation, which clears NASDAQ trades). The ticker will be $IBTC.Blackrock is also looking to seed the ETF, this usually happens when ETFs are preparing to launch.
Hacks/Issues πΎ
Astrid Exploit
Astrid was exploited due to a flaw in the withdraw function. The attacker has decided to return funds (minus 20% as per the bounty)Maestro Router Exploit
Maestro Router was compromised. The team has identified the exploit and resumed trading, but tokens with pools on certain dexes will be temporarily unavailable. Earlier the team promised that affected users would be fully refunded (~280ETH).
Upcoming β³
Celestia Beta
Celestia is ready to launch Beta. The Celestia Mainnet Beta features will enable its use as a data availability and consensus layer for rollups.Sudoshort
Sudoswap dev 0xmon introduces sudoshort. Sudoshort is an upcoming protocol that will boost pool LP yields, allow users to short NFTs, and minimize oracle dependence.Jito StakeNet
Solana-based liquid staking protocol Jito will transition JitoSOL to StakeNet, a new protocol for operating stake pools.
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