EthHub Weekly #106 – Ethereum.org dev update #2, USDC / Maker, Gnosis Safe, DeBank and much more!

https://ethhub.substack.com/p/ethhub-weekly-106


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


😷 Another wild week

There’s not much crypto going on these days – most of the discussions are, naturally, focused around the worldwide COVID-19 pandemic. The last week was brutal – cases in the U.S started spiking with over 35,000 confirmed cases and over 450 deaths so far. Italy also saw days of 600-700 deaths and other European countries seem to be following that trend. Other countries are tightening their borders (here in Australia we banned all non-citizens/non-permanent residents from entering the country) and lockdowns are being put in place for many countries. The situation right now seems dire for the world, but I do believe we’ll get through it stronger on the other side which unfortunately could take 6-12 months or more. In the meantime, stay safe everyone!

Onto a happier note – last week I sat down with YouTuber ‘The Crypto Lark’ to discuss Ethereum (in particular, the latest DeFi drama) as well as TokenSets. Check that out here. Eric also published a new piece titled ‘Breaking Down Ethereum Wallets Options’ – have a read of that here.

Developers, developers, developers – they are the beating heart of Ethereum and Compound has put together some great resources for them. You can check out their developer guides here and also check out a few guides from Adam Bavosa here.

Oh and Gitcoin Grants Matching Round 5 goes live today – don’t forget to donate to your favorite projects!

Have a great week everyone!

– Anthony


News of the Week

🤢 Former Bakkt CEO Sold Millions in Stock Before Coronavirus Crash

Senator Kelly Loeffler (Republican-Georgia) sold off millions in stock ahead of the recent coronavirus-induced market crash, according to financial disclosures.

The disclosures reveal that Loeffler, former CEO of Bakkt, reported the first sale of stock on January 24, the same day her committee, the Senate Health Committee, hosted a private meeting on coronavirus. The Daily Beast first reported the news.

The first sale transaction was of stock Resideo Technologies, worth between $50,001 and $100,000. The company’s stock price has declined by more than half since then.

Other sale transactions include stocks of Comcast Corporation, Keysight Technologies, Ross Stores and other companies – worth between $1,275,000 and $3,100,000.

Interestingly, Loeffler initially reported many of these sale transactions in the name of her husband – Jeffrey Sprecher, founder, chairman, and CEO of Intercontinental Exchange and chairman of the New York Stock Exchange. Last week, i.e. on March 12, she amended the report to note that most of them were jointly owned.

😔 Crypto Hedge Fund Adaptive Capital Shutting Down

In an investor letter reviewed by crypto news outlet The Block, Adaptive said that it plans to return remaining capital to its Limited Partners following a steep drop in bitcoin’s price during the March 12-13 trading session.

“Adaptive has made the decision to close operations and return the remaining funds to investors,” the firm wrote. “We are convinced that the risks of continuing operations in such an unstable environment outweigh the potential benefits.”

Adaptive blamed “infrastructural insufficiencies” for its inability to respond properly to the sell-off. BitMEX, which isn’t named in the letter, went out of service for about 45-minutes during the price-plunge. BitMEX said it had a “hardware issue” with its cloud service provider, which caused requests to be delayed between 02:16 and 02:40 UTC. Normal service resumed at 03:00 UTC, it added. Sources told The Block that Adaptive maintained accounts on BitMEX, which were liquidated.

“A number of respectable exchanges, platforms, and tools that we use daily have halted their operations during the selloff significantly hindering our ability to act accordingly,” Adaptive said in the letter.


Project Updates

Ethereum.org Development Update #2

Latest updates from the Ethereum.org team including a style guide and design upgrade, simplification of Studio, and more.

What’s New in Eth2 – 20 Mar 2020

Eth2 progress continues and Ben has collated all the relevant info from the last week including his thoughts on Vitalik’s 5-10 year unofficial Ethereum roadmap, research updates, and much more.

Eth 2.0 Dev Update #46 – PryLabs

Slasher now running in prod and catching slashable actions, fuzz testing running on Prysm’s core functions, a revamp of the beacon state management, improved sync times and much more in this update.

eth2 quick update no. 9

New beacon chain spec release, new paper available for public review, updates on statelessness and much more in this eth2 update from Danny Ryan.

USDC Added to Maker

USDC is the third collateral type that users can now use to open Vaults on the MakerDAO platform.

Introducing ETH Dashboard

ETH Dashboard is a simple, customizable dashboard to display whichever Ethereum data is important to you.

Dharma Adds P2P Payments

You can now use the Dharma app to send and receive USD from anywhere in the world – all while earning interest.

Gnosis Safe Adds New Features

Native hardware wallet integration (Ledger, Trezor) and NFT (ERC-721) support is now live in the Gnosis Safe wallet.

ENS Adds Custom Text Records

The ENS Manager now supports custom text records which means people can use ENS to store a wide range of information without the ENS team having to add a new record type for each new use case.

DMM Launched

DMM assets are backed by real-world, income-generating assets and you can easily gain exposure by simply depositing DAI or USDC.

Dex.ag Updates

Limit orders added for various trading pairs and dex.ag have integrated Curve Finance with their X Blaster for better prices on stablecoin swaps.

DeBank Now Live

DeBank is an interface into the world of DeFi (similar to Zerion) that supports apps such as TokenSets, Uniswap, PoolTogether and others.

Microsponsors Now Live

You can now mint and auction your time as NFTs using the Microsponsors marketplace (powered by 0x).


Community Member Spotlight

This week we’re highlighting the great work of Protolambda!

Protolambda is a core Ethereum community member – he spends most of his time as a researcher for the Ethereum Foundation (particularly around eth2). You can read his research on Ethresear.ch here.

You can view some of his work on his personal website.

Keep up the great work Protolambda!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet:


EthHub Weekly #99

https://ethhub.substack.com/p/ethhub-weekly-99


Curated by Anthony Sassano (@sassal0x) and Eric Conner (@econoar)


🤔 Marketing Ethereum

There was quite a bit of discussion around “Ethereum marketing” on Twitter this week with many people chiming in with their views. In general, I think that people associate marketing crypto with Justin Sun style pumping/hyping/shilling which is definitely not what I view marketing as. I put a little thread together here that goes over my views.

Eric and I will be expanding on these views on the weekly recap episode of our podcast this week. Be sure to subscribe so that you don’t miss it!

Have a great week everyone!

– Anthony


News of the Week

⚖️ Virgil Griffith Pleads Not Guilty to Violating North Korea Sanctions

Ethereum developer Virgil Griffith pleaded not guilty to a charge of conspiracy to violate the International Emergency Economic Powers Act on Thursday. 

Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to evade sanctions. A complaint published by the U.S. Attorney’s Office for the Southern District of New York claimed Griffith detailed how crypto could be used to launder money, and may even have tried to facilitate a transaction between the Democratic People’s Republic of Korea (DPRK) and South Korea.

A grand jury indicted him earlier this month, and Griffith was released on bail. 

Griffith’s attorney, Brian Klein, said in a statement that Griffith “should not have been indicted.”

“We are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial,” he said at the time. If convicted, Griffith would face a maximum of 20 years in jail.

👍 CFTC Chairman Reiterates Belief That Ether Futures Will Be Launched

Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert remarked Thursday that the crypto market could see the launch of Ether (ETH)-based futures contracts.

“We have seen bitcoin futures, both cash-settled as well as physically-delivered. My guess is we are going to see Ether futures as well,” Tarbert told Bloomberg in an interview on Thursday.

The chairman first discussed ether futures in October, when he said he “absolutely” believes the futures tied to the Ethereum-based token could trade in the next six to 12 months.

Tarbert further said in Thursday’s interview that he wants the U.S. “to lead” in the advancement of blockchain technology and digital assets.

“I want to encourage innovation and it’s interesting because commodities are what we regulate, particularly derivatives on commodities,” he remarked.

🗠 Swiss Company Gets Green Light to Incorporate for a Blockchain IPO

In what’s being called a first for Switzerland, a company has been allowed to incorporate for an initial public offering (IPO) of tokenized shares on a blockchain (in this case, Ethereum).

In a press release Wednesday, the firm’s adviser, Andriotto Financial Services, said Coldrerio, Switzerland-based OverFuture SA’s articles of incorporation directly reference “the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry.”

The firm’s IPO prospectus indicates an offering of 8,399,000 “common equity share security tokens” on the ethereum blockchain, with smart contracts provided by with EURO DAXX, a digital assets exchange based in the country’s “Crypto Valley” city of Zug. The offering price will be €1.25 ($1.38) per share.


Project Updates

ENS Registry Getting an Upgrade

This update fixes an unexploited bug in the ENS registry contract and adds new functionality to ENS including the ability to:

  • Configure the owner and resolver of a name in a single transaction

  • Create a subdomain and set a resolver for it in a single transaction

  • Authorize contracts or other accounts to make changes to domains (change their resolver and owner) on their behalf, similar to ERC721’s ‘authorization’ functionality

Aztec Live on Ethereum

The Aztec privacy network can now be used by developers to incorporate zkDai into their dapps. zkDai is a confidential version of Dai which hides the amounts being transacted between Ethereum accounts.

Lighthouse Update #21

New fork choice algorithm, 10x faster and more stable syncing, 32x database storage reduction and much more in this update.

Eth 2.0 Dev Update #43 — “Rapid Iteration”

Another large eth2 update from the PryLabs team. The highlight? More than double the validators expected at mainnet launch already running in the testnet! The team also significantly improved the eth2 testnet block sync time – going from 0.2 blocks per second to over 20 blocks per second in just 2 weeks!

Introducing Stablecoin Services

Stablecoin Services is a website offering a collection of common Dai and Chai operations, gas-free! You can transfer Dai or Chai, sell Dai > Eth, Chai > Eth on Uniswap, convert Dai <> Chai – all without holding any Ether!

Introducing Maple

Maple Loans is a platform where users form Communities to borrow and lend undercollateralized loans to other Community members. The protocol takes care of requesting, funding, settling and making repayments allowing Communities to experiment and be creative with identity and risk assessment.

Bitfly Launches Eth2 Knowledge Base

This new knowledge base currently includes a glossary of terms for eth2 – ever wondered what epoch, validator, attestations and all the other buzzwords mean? Simply go to the site to find all of the definitions!

Chainlink Launches Price Reference Data for DeFi

Over 25 oracle networks are now live on the Ethereum mainnet tracking the price of tokens such as SNX, LEND and LRC.

Set Labs and DEXTF Form Strategic Partnership

The partnership focuses on building the next-gen asset management infrastructure which tweaks some of the traditional relationships between the actors in the asset management industry, as we know them today, and the role of custody.

Argent Integrates the DSR

You can now gain exposure to the Dai Savings Rate with a few clicks by simply using the Argent mobile wallet app.

0x Launches Liquidity Aggregator

The 0x API is designed to make it easy for DeFi developers to tap into both off-chain and on-chain DEX liquidity in a fast, reliable, and easy to use way.

RealT’s Second Property is Sold

The second property on RealT, 5942 Audubon, has been sold and has 153 unique owners!

TokenSoft Launches Accounts for Security Tokens

TokenSoft’s new investment accounts offer a brokerage-style experience for investors who trade security tokens.


Community Member Spotlight

This week we’re highlighting the great work of Kain Warwick!

Kain is the founder of Ethereum-based decentralized synthetic asset platform – Synthetix. As most of you probably already know, Synthetix has seen incredible growth over the last few months in both network usage and price appreciation for SNX.

Kain is also the CEO of blueshyft – an app that allows retailers across Australia to accept cash payments for digital goods & services.

Keep up the great work Kain!


Interesting Tweets


Ecosystem Bits

Blog Posts

Podcasts

Videos

Misc


Meme of the Week


Looking for Work?

Top jobs listed on Cryptocurrency Jobs this week:


Support EthHub:


Protect Your Crypto

Buy a hardware wallet: