• US appeals court has ruled in favor of Grayscale in its case against the SEC to convert its $GBTC Trust into a spot $BTC ETF. The class action lawsuit against Uniswap has also been dismissed.

  • Polygon has unveiled a Chain Development Kit for developing ZK-powered L2 blockchains on Ethereum. Developers will be able to launch their own customized appchains that are connected by a shared ZK bridge, allowing for interoperability.

  • Base and Optimism have released details regarding their fee-sharing economics, with both parties sharing a 2/2 multi-sig upgrade authority. Base will share the greater of 2.5% of total sequencer revenue or 15% of its net on-chain sequencer revenue with the OP team, and in return will receive a grant of 118M $0P, or $174.6M, vested over 6 years.

  • Unibot, a crypto trading bot on Telegram, now supports trading on Base. The platform has generated an ATH of 48.15 $eth , or $82.6k, in fees on August 29th. The revenue for trading bot fees is on track to overtake tax fees, with tax fees currently making up 2 thirds of the collected fees compared to bot fees.

  • MakerDAO is facing a $1.84M loan default and a potential $2.7M liquidation of its largest borrower, Steakhouse Financial.

  • Pendle Finance has revealed its plans to build an RWA product. MakerDAO's $sDAl and Flux Finance's $fUSDC will be the first stablecoins to be used in this project.

  • Shibarium bridge is now live and fully functional weeks after an unsuccessful launch that caused $2.5M in assets to be stuck on-chain.

  • linch, a DEX aggregator, is live on Base.

  • Aerodrome, a DEX marketplace, has gone live on Base.

  • Silo Finance's $crvUSD silo will emit doubled $CRV rewards from August 31st.

  • $DAl's market cap has surpassed $5B since the implementation of EDSR.

  • PancakeSwap V3 is live on Linea.

  • Membrane Finance, a Finnish Fintech company, has launched the first euro stablecoin on Solana.

  • $EUROe is now available on DEXes such as Orca and Raydium, and can be used for payments to over 40M merchants through the Wirex app.

  • Magic Eden has partnered with Polygon to launch a $1M NFT creator fund to spark the next wave of NFT adoption on the network.

  • Peso stablecoin, launched by Num Finance, has gone live on Polygon.

  • Kamino Finance, an automated liquidity provider on Solana, has launched Creator Vaults, enabling LPs to create customized automated LP strategies for any token pair New Order, a protocol incubation DAO has passed a proposal to merge with Synonym Finance, a cross-chain lending protocol utilizing Wormhole tech. There will be a 1:1 token migration from $NEWO to $SYNO over a 15 -month staking period when the token launches. The integration of New Order incubated projects will also be worked into Synonym's future products.

#weeklydefi #definews