ROLLUP: First Week of December
Bankless
Aave's Evolution and Crypto Integration
This chapter explores Aave's transition to community governance through token staking and highlights significant advancements in the cryptocurrency sector, such as Visa's incorporation of USDC linked to Ethereum. The discussion examines how traditional finance is increasingly embracing crypto technologies and the implications of legislation, particularly the Stable Act, on the industry. By critiquing regulatory measures, the speakers underscore the contrasting dynamics between cryptocurrencies and conventional banking systems.
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BTC Price- Hit ATH- BTC on Ethereum down 3,300 BTC from 151,700 to 147,400!
ETH Price
- Extremely volatile lately!- Bouncing between $570 and $620- Currently $615- David thinks its launch time, any minute now
Is $ETH Bitcoin in 2015? https://twitter.com/IamCryptoWolf/status/1333720041553088515?s=20 ETH p/s is 86!!! Lower than Zoom
TVL in DeFi- $14.1B to $14.7B- $DPI: $108 to $116.30
Stablecoins
- $20B of them
https://twitter.com/lawmaster/status/1334124165033549826?s=20 https://www.coindesk.com/stablecoins-asset-value-20-billion
DeFi Lending ATH- $7.6B in November, up 88% since Octoberhttps://twitter.com/lawmaster/status/1334124188421009408/photo/1
RELEASES
The first block of Ethereum 2.0 was mined!https://beaconscan.com/slot/1
Ether Capital prospectus https://drive.google.com/file/d/1sZb6mMlRoGl6UZNf7rzNadUdL76vnY-J/view - A really good read for understanding how publicly traded companies speak about ETH and Ethereum- Ether capital running a staking nodehttps://www.businesswire.com/news/home/20201201005696/en/Ether-Capital-Corporation-Announces-Initial-Commitment-to-Staking-on-Ethereum-2.0
Centralized Staking-as-a-Service providers are flocking
- Binancehttps://twitter.com/binance/status/1333762624731930627?s=20 2x rewards??
Tim Roughgarden EIP1559 reporthttp://timroughgarden.org/papers/eip1559.pdf - Highly anticipated, long-awaited, in-depth academic report on EIP1559- Take off all remaining breaks on EIP1559https://twitter.com/nicksdjohnson/status/1334261078692306944?s=20
Vitalik comprehensive Ethereum roadmaphttps://twitter.com/vitalikbuterin/status/1333922620857745408?s=21
Aave V2 is on Mainnethttps://medium.com/aave/the-aave-protocol-v2-f06f299cee04
Loopring built an AMM on itâs zkRollups L2https://medium.com/loopring-protocol/looprings-zkrollup-amm-is-live-2f8251cd0fcd - Looks like Uniswap, but acts like Loopring
Fireblockshttps://www.fireblocks.com/blog/fireblocks-defi-for-institutional-trading-lending-and-staking/
- Institutional bridge for yield in DeFi?
Gnosis Safe introduces spending limitshttps://blog.gnosis.pm/gnosis-safe-spending-limits-f05b775d06b3 - One more step in replicating the legacy experience with crypto-infrastructure
Track Whale traders on Uniswaphttps://www.uniwhales.io/
Staking Liquidity services cropping uphttps://www.stafi.io/https://lido.fi/ - Sign of things to come!
NEWS
ETH 2 in the mainstream newshttps://www.cnbc.com/2020/12/01/ethereum-2point0-eth-cryptocurrencys-network-starts-a-major-upgrade.html
Visa Partners with Circle / USDC to get USDC to run through the Visa networkhttps://www.forbes.com/sites/michaeldelcastillo/2020/12/02/visa-partners-with-ethereum-digital-dollar-startup-that-raised-271-million/amp/?sh=2857044f4b1f&__twitter_impression=true
S&P index for crypto:https://twitter.com/RyanSAdams/status/1334499320838631424?s=20
Bad Governance:
Rashida Tlaib introduces legislation around stablecoins and bankinghttps://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
Good Governance:
Canada accelerating digital currency planshttps://decrypt.co/50213/bank-of-canada-digital-currency-pandemic
Libra rebrands to Diem ahead of 2021 launch https://www.coindesk.com/libra-diem-rebrand
China has seized over $4.2B from the PlusToken Ponzi https://www.theblockcrypto.com/post/85873/china-seize-billion-cryptos-from-plustoken-crackdown
194,775 BTC - $3.3B833,083 ETH - $435M
Oracle failure leads to $88M in liquidations in Compound
https://www.theblockcrypto.com/post/85850/dai-compound-dydx-liquidations-defi
- DAI price spiked to $1.30 on Coinbase, which Compound uses as an oracle.- 124 unique accounts got liquidated- It is worth noting that such massive liquidations at Compound have occurred for the first time.
More Ethereum nodes than Bitcoin nodes
https://twitter.com/etherchain_org/status/1333173744089640960?s=20 - Bitcoin = 10,981- Ethereum = 11,137
Venezualean government continues to leverage Bitcoin out of necessity
https://cointelegraph.com/news/venezuelan-army-starts-mining-bitcoin-to-make-ends-meet
- Making revenue via Bitcoin mining
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