Lido DAO’s financial unit, Steakhouse Financial, submitted a proposal on Tuesday about whether the DAO should sell or stake its 20,304 ETH (~US$34 million) treasury.
News Highlights
Ethereum developers agreed on 28 February as the target date for pushing the Sepolia testnet through the Shanghai upgrade, which will support withdrawals of staked ETH. After Sepolia goes through its own round of testing, Goerli will be the final testnet before Shanghai upgrade.
Polygon’s zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta will go live on 27 March. zkEVM is a type of Layer 2 scaling technology that allows Ethereum developers to deploy smart contracts from Ethereum’s mainnet without having to reprogramme.
MakerDAO, the issuer of the DAI stablecoin, is releasing a lending platform called Spark Protocol that will rival Aave. The new platform is a fork of Aave’s V3 and will allow users to interact with DAI in the form of borrowing, lending, and staking, according to the announcement on the MakerDAO forum.
Decentralised lending protocol Aave launched its stablecoin GHO on Ethereum’s Goerli testnet, according to the official tweet. Aave had been working on the stablecoin since last year and the GHO’s mainnet rollout is subject to community discussion and approval.
Uniswap DAO has concluded the final vote to deploy Uniswap V3 on the BNB Chain. The vote passed with 66% approval amid intense debate among delegates about crypto-bridging solutions between Wormhole and LayerZero.
Research Roundup Newsletter [January 2023]: In our latest issue, we feature market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.
Alpha Navigator: Quest for Alpha [January 2023]: Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio are at a yearly low, implying a positive sentiment shift.
AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.
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Ethereum’s Sepolia testnet is set to go live on 28 Feb. Polygon zkEVM mainnet beta will launch on 27 Mar. MakerDAO is releasing a lending platform called Spark Protocol.
