Osmosis (OSMO) is seeing some traction amid news of the launch of its Neon upgrade. The upgrade aims to make cross-chain trading more attractive by introducing key upgrades to the network, including geometric TWAP (Time Weighted Average Pricing) in liquidity pools, a downtime detection module, and more efficient pricing ticks while preventing liquidity attacks.
News Highlights
Ethereum moves one step closer to the Shanghai Upgrade with the successful release of its latest shadow fork, with only a few minor technical issues reported.
A MakerDAO community vote was passed in favour of deploying up to US$100 million worth of USDC from the Maker reserve on DeFi protocol Yearn Finance. Maker estimates that this amount of USDC on Yearn will earn an annual yield of 2% using the proposed strategy.
DeFi protocol SushiSwap passed a governance action to further strengthen its treasury. Its fee diversion protocol called ‘Kanpai’ enables the DAO to direct all trading fees from xSushi holders to its Sushi treasury. The governance action has been passed, with the majority of votes coming from token holders who staked SUSHIPOWAH and xSUSHI.
Fantom unveils ‘Ecosystem Vault’, a decentralised funding system to fund and support new projects in the Fantom ecosystem. This system will take 10% of all transaction fees paid on the network in FTM, and projects will need to pass a governance proposal for funding to be approved.
Recent Research Reports
Crypto Market Sizing Report 2022: The global number of crypto owners reached 425 million by the end of 2022. After crunching the numbers, this is the result of our highly anticipated Crypto Market Sizing Report for 2022.
Alpha Navigator: Quest for Alpha [December 2022]: The new year sees crypto outperforming equities and gold. BTC options implied volatilities are subdued while perpetual futures funding rates are positive.
2022 Year Review & 2023 Year Ahead: 2022 has been a rollercoaster ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023.
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Ethereum Shanghai Mainnet shadow fork goes live. MakerDAO approves proposal to deploy USDC in Yearn Finance. SushiSwap passes Kanpai proposal, will redirect all trading fees to its treasury.
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