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Don't Miss Important DeFi News 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

Don't Miss Important DeFi News

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
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