The 67th edition of our curated newsletter.
In today’s newsletter we look at:
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- The Ethereum DeFi Ecosystem
- Terra (Luna) and Forking
- Bear Markets and Growth
- The Eth Beacon Chain
- Lawsuit Against bZx DAO
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Ethereum’s DeFi Ecosystem
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Eth has been responsible for a tremendous amount of innovation, both in the DeFi space and within crypto. At the beginning of 2021, Eth’s share of the total value locked (TVL) in DeFi was 97%. As of May 2022, it is sitting at 64%.
This Binance deep dive aims to give an overview of the Ethereum blockchain. Being a first-mover in the DeFi space has helped it maintain its advantage. Still, high transaction costs and layer 2 solutions not yet reaching total popularity will affect its future.
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According to CoinMarketCap, there are currently over 19,000 different cryptocurrencies 📈
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Guidelines for Forking Blockchain Communities
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Using the recent Terra (Luna) debacle as a case study, A New Moon Rises breaks down the steps needed to successfully fork a blockchain (and its community).
It proposes several mechanics, from distribution to incentives, to balance the interests of all stakeholders within a community – devs, debt holders and speculators.
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While a bear market is out and about in TradFi and crypto, it doesn’t mean all is lost. Quite the opposite.
What will sustain crypto is its underlying utility and the people building and creating products and projects that will assist others. Crypto researcher mhonkasalo believes this market will bring growth for the following: ETH, LooksRare, DeFi, and crypto gaming.
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The Seven-Block Re-Org on the Ethereum Beacon Chain
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On May 25th 2022, at 08:55 UTC, a seven-block re-org occurred on the beacon chain. The re-org isn’t the expected behaviour of the beacon chain.
The Price of Agency provides a fantastic visual guide to understanding Ethereum’s Proof-of-Stake (PoS) protocol and why the re-org happened.
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The Gitcoin DAO and its AirdropLawsuit Against a DAO
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In a first-of-its-kind lawsuit, a decentralised autonomous organisation (DAO) is being sued and testing the legal argument that it’s a general partnership where all members are liable.
The plaintiffs in the class action allege that bZx DAO, its co-founders and members are all liable for negligence by failing to secure a DeFi protocol – resulting in the loss of $55 million. The lawsuit highlights the risks of operating and being part of a DAO when no formal legal structure is put in place.
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Let’s Talk Careers in Fintech Today
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Join us on the journey we’re on. No matter where are you from.
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