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Unichain: New L2 From Uniswap
🚀 Uniswap Developer Introduces New Layer-2 Unichain Network
Uniswap Launches Layer-2 Blockchain: The team behind Uniswap, the largest decentralized crypto exchange, is set to launch Unichain, a new layer-2 network on Ethereum, using Optimism's OP Stack. This private testnet went live Thursday, October 10, 2024.
Innovative DeFi Hub Features: Unichain aims to act as a hub for decentralized finance (DeFi) across many blockchains. It will feature new technology like a trusted execution environment (TEE) and promises blocks built in just 250 milliseconds, versus Ethereum's current 12 seconds.
Call to Developers: With testnet now live, Uniswap is inviting developers to experiment with Unichain and take part in its 2025 public release, which will also feature a community validation network. Read More.
️ On today's Top Picks:
- 📅 Mt. Gox extends repayment deadline by a year.
- 👀 Zora $ZORA new 'claim' subdomain discovered.
- 🪨 BlackRock $BLK assets hit record $11.5 Trillion.
- 💰 Ithaca raises $20m in funding from Paradigm.
Read time: ⏰ 9 minutes
Crypto News
• ⭐️ Uniswap introduces Unichain, an Ethereum L2 built on the OP Stack.
• ⭐️ Mt. Gox extends repayment deadline by a year to October 31st, 2025.
• Binance launches Pre-Market spot trading; Scroll $SCR launchpool tokens available to trade.
• Ripple $XRP launches enhanced crypto custody services for banks & fintechs.
• Flashbots introduces Rollup-Boost, a verifiable block-building platform for rollups enabled by TEEs.
• Arkham Intelligence $ARKM to launch derivatives exchange next month.
• US SEC Commissioner admits agency's crypto approach has been a disaster for the industry.
• Cumberland DRW charged by US SEC for allegedly acting as an unregistered dealer when trading crypto.
• Binance Executive Tigran Gambaryan denied bail by Nigerian judge.
• OKX launches VARA-licensed crypto exchange in Dubai.
• South Korea to review lifting ban on spot crypto ETFs & institutional accounts on crypto exchanges.
• Justin Sun elected as prime minister of crypto-focused nation Liberland.
• Ubisoft to launch first crypto video game Champions Tactics on October 23rd.
Alpha
• Unichain launches Unichain: Designed for DeFi NFT mint on Zora.
• Zircuit launches Zircuit Liquidity Hub; stake to earn airdrops from Zircuit ecosystem partners.
• Caldera launches Meet the Metalayer: Eigenlayer quest on Layer3.
• Level partners with Frax Finance; adds support for $sFRAX.
• Level partners with Angle Protocol; adds support for $stUSD.
• Usual partners with Zerolend to offer $USD0, $USD0++, & $PTUSD0++ ledning pools.
• Union posts updated Roadmap to Mainnet on X.
• DeBank launches EIGEN Airdrop Hunter Web3 Badge.
• Roadmap Calendar by LayerGG.
Airdrops
• Zyfi - The Future of Paymaster on ZKsync by Earndrop.
• Weekly News Recap by Earndrop.
• EigenLayer launches $EIGEN Season 2 stakedrop for community members & operators.
• Taiko launches $TAIKO Trailblazers Season 1 rewards claim.
• ⭐️ Zora $ZORA new 'claim' subdomain discovered; airdrop potentially coming soon.
• DeBridge $DBR several hours left to initiate claim-to-CEX flow; TGE to launch on October 17th.
• Elixir posts an emoji of a camera with a flash on X potentially hinting at a snapshot.
• Prime Protocol takes snapshot; V1 points program concludes.
• ICYMI Optimism launches $OP airdrop #5 claim; eligibility based on the Superchain usage.
• ICYMI Scroll $SCR Marks Value Scenarios by Olimpio.
• ICYMI Hemi Airdrop Strategy by Earndrop.
Finance News
• Metaplanet buys additional ~$6.5m of Bitcoin $BTC, total holdings of Bitcoin worth ~$45m.
• Irys Energy $IREN class-action lawsuit alleges it overstated its computing capabilities & misled investors.
• US Inflation falls to 2.4%, higher than expectations; sixth consecutive month of declining CPI inflation.
• China expected to deploy as much as ~$283b in fresh fiscal stimulus as Beijing seeks to shore up the economy & boost confidence.
• ⭐️ BlackRock $BLK assets hit record $11.5 Trillion; growth comes as stocks reverse August sell-off.
• TD Bank $TD to pay $3b in penalties for failing to monitor & prevent money laundering.
• Rimar Capital to pay $310k in civil penalties for allegedly lying to investors.
• Tesla $TSLA unveils Cybercab robotaxi, Robovan, revamped Optimus humanoid robot, & more.
Security and Exploits
• Ardizor Syndicate by Insightful.
• ~$35m of $fwDETH was stolen by signing permit phishing signature.
• Ordinals Wallet X account posted phishing links after it was temporarily compromised.
• Fidelity confirms data breach in August; ~77k customers records compromised.
• GitLab releases security updates patching multiple vulnerabilities.
Token Unlocks
• Ethena $ENA / ~$4m / OCT 09
• Xai $XAI / ~$7m / OCT 09
• Optimism $OP / ~$7m / OCT 10
• IOnet $IO / ~$4m / OCT 11
• Aptos $APT / ~$91m / OCT 11
• Cardano $ADA / ~$6m / OCT 12
• Taiko $TAIKO / ~$18m / OCT 14
• Render $RENDER / ~$3m / OCT 14
• Cyber $CYBER / ~$3m / OCT 14
• Axie Infinity $AXS / ~$41m / OCT 14
• Starknet $STRK / ~$25m / OCT 15
Funding
• ⭐️ Ithaca raises $20m in funding from Paradigm.
• PiP World raises $10m in Seed funding from Exinity.
• Yala raises $8m in Seed funding led by Polychain Capital & Ethereal Ventures.
• Apex Fusion raises $6m in funding from TRGC.
• Trendies raises $1.75m in Pre-Seed funding led by Archetype.
• Scallop raises an undisclosed amount in Strategic funding from the Sui Foundation.
The Degen Farmer
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PROTOCOL | ASSETS | APY |
---|---|---|
Cetus AMM (Sui) | USDCWUSDC | 42.56% |
Notional V3 (Ethereum) | NUSDC | 34.01% |
Turbos (Sui) | USDTUSDC | 23.72% |
Extra Finance (Base) | DOLAUSDC | 23.50% |
Aerodrome V1 (Base) | DOLAUSDC | 21.53% |
Tangible Arcana (Re.al) | ARCUSD | 21.03% |
Pendle (Ethereum) | USDS | 20.61% |
Aura (Ethereum) | GHOUSDCUSDT | 20.14% |
⬆️ Zyfi: Pay With Any Token As Gas or Get It Sponsored |
Zyfi: Gas Abstraction Layer: Zyfi is creating the best on-chain user experiences by leveraging Paymasters and Intents. They have already processed over 1.5M transactions for more than 200,000 users.
Last Epoch Event: Zyfi is currently running a Last Epoch Event from October 7th to October 28th with a total prize pool of $5000. To participate, simply swap assets on Zyfi without using $ETH as gas. Prizes will be distributed based on your leaderboard ranking at the end of the event.
Zyfi Vision: Zyfi's vision is to expand and broaden its reach, bringing the innovative Paymaster feature to a wide array of ZK chains and dApps. With over 30+ dapp integrations in the ZKsync ecosystem, more integrations have already begun with Cronos zkEVM and Abstract.
That’s it for today’s edition! See you soon.
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