Keep up to Date!
We have several new updates to share with you in this biweekly edition of the Euler newsletter, including a number of upcoming events.
If you're in London from 15-16 November check out Blockworks DAS: London where Michael, Seraphim and Jack will chat about DeFi lending and Euler!
For the recent Euler upgrades, our smart contract swap module has been successfully tested for 1inch we made some bug fixes to our transaction builder on our front-end. We're still undergoing the Certora audit and we've made some tweaks to our liquidation bot.
Our new hire is set to start on our integrations, including with decentralized exploit platform Sherlock which recently went live on mainnet, while our ambassador programme is in development and due to be announced shortly.
We've also made improvements on our analytics by extending the TWAP analysis of major historical events.
We are looking for a talented react developer with a keen eye for detail. Start date: immediately. Initial short-term contract with an opportunity to convert to permanent. Contact: email@example.com
News and Updates
Bitcoin surged over the last two weeks from around $41,000 USD to over $55,000 amid assurance's from the US SEC that crypto won't be outlawed, among other notable developments.
Meanwhile, members of the US Congress have asked Fed chair Jerome Powell to resume work on crypto regulations. This also comes at a time when other countries, now including Brazil, are looking to regulate and allow Bitcoin to be a national payment currency.
However, not all countries are making friendly moves on Bitcoin as China's largest crypto exchange Huobi plans to retire Chinese user accounts after having announced that they suspended new user registrations from mainland China. Additionally, the US CFTC fined Kraken with $1.25m in fees over supposed illegal securities offerings.
The past two weeks have been great for institutional news as BlackRock SEC filings show that the company gained $369K from Bitcoin futures while the fifth-largest bank in the US now offers Bitcoin custody services.
Visa, which previously bought a cryptopunk, unveiled a "Layer 2" network for stablecoins and central bank currencies.
Investors can now invest using USDC in any USDC-enabled syndicate or fund on AngelList.
DeFi platforms have been doing making good and bad headlines recently including on crypto media platform Defiant which recently announced plans to launch its own data terminal.
DEX aggregator 1inch started to block US traders in preparation for a separate American platform amid the heightened national regulations.
Compound was hit by a multitude of hacks that drained it of more than $100m in tokens and funds.
NFT trading platform SudoSwap announced V2 has been launched with UI and feature upgrades.
NFTs have been making waves again as the market has continued to skyrocket with no end in sight.
Dapper Labs reached a deal with the NFL to create an NBA Top Shot style marketplace for digital American football collectibles.
Well known crypto artist pplpleasr teamed up with famous American EDM musician Steve Aoki to launch an NFT fund to collect and curate work from female artists that will be auctioned at Sothebys.
If you're into writing and blogging, Mirror is now open to all writers to launch their own decentralized blogs, which comes at a good time to write about Time's NFT collection that was sold out in under a minute.
DeFi Market Cap - $131,495,311,995
ETH Market Cap - $429,524,338,488
DeFi:ETH Ratio - 30.6%
24H Trading Volume - $9,630,025,428
Defi Dominance (vs. Global) - 5.5%
Terra DeFi Dominance - 13.7%
Total Value Locked (TVL) - $163,361,554,019
Lemniscap partnered with Economics Design who released a report on stablecoins.
Divergence Ventures was part of a $5m fundraising round for Stablecoin protocol Angle.
Tweet of the Week
Leshner later admitted this tweet was 'bone-headed' and appreciated the 'ridicule and support.'