Keep up to Date!

These past few weeks have busy for the Euler team as we’ve been expanding on the development of the platform, our team, and our newsletter, which now runs on Substack including the new monthly edition (view the August issue here).

Our devs have been working on a swap module to allow for one-click long/short positions through our smart contracts while they’ve also been testing an integration with Moralis on our front end.

The Euler team has also been working on a new integration with an insurance provider as part of our security upgrades to the platform. We’ve also expanded other integrations including one with Commonwealth.

We’ve been growing our marketing efforts and community building by hosting our first AMA held live in Discord.

Our testnet launch is pending on updates to the UI while our mainnet launch is pending on our fourth audit, which is from Certora.

Career Opportunities

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: careers@euler.finance

Progress Updates

News and Updates

Recently, Bitcoin and the crypto market had a bit of a dip sending BTC from $52,500 to nearly $45,000 with the initial selloff also knocking out a number of U.S. based exchanges.

Tensions have been mounting among big institutions in regards to the flipping (DeFi replacing TradFi) including the U.S. SEC which is investigating decentralised crypto exchange developer Uniswap.

Meanwhile, Coinbase CEO Brian Armstrong took a shot at the SEC for failing to disclose why $COIN can’t offer a 4% APY account without getting sued.

Bitfinex is launching a new exchange to trade tokenised equities and bonds, even amid the U.S. gov’t crack down on crypto-securities combo and Twitter appears to be adding the ability to tip using Bitcoin.

Some good news is that El Salvador approved of a $150 million trust fund to support its bitcoin ambitions and already bought some $BTC.

As the pandemic continues to disrupt everything, it’s a good time to see where the global markets and crypto industry converge.

Anyway, onto the latest DeFi news where a number of blockchain projects are offering enormous amounts of incentives for users to participate and build while other projects are rising in token value as more users bridge over from ETH.

Some KOLs and users have been saying that Solana may be the one to dethrone ETH as the go-to DeFi/NFT/Everything platform, but there are still tons of valuable projects that thrive on the Ethereum blockchain.

One of those projects includes crypto perpetuals exchange dYdX which airdropped tokens, making a lot of users very wealthy.

Zapper.fi, a DeFi management platform, is making a wallet which won’t be a chrome extension.

What better way to transition into NFT news than to ask what happens to raised ETH after NFT mint sales finish? Apparently some of it goes to Binance.

Paradigm Researcher Dave White released a paper on NFT floor perpetuals while CryptoPunks creator Larva Labs signed with major talent agency UTA.

An NFT mint appeared on the official Banksy site, where Pranksy scooped it up, only for it to disappear soon.

So… What is loot and why is everyone buying a black card with random text on it?

Euler Stats

Coming soon!

Market Stats

DeFi Market Cap - $122,272,243,627
ETH Market Cap - $385,595,301,484
DeFi:ETH Ratio - 31.7%
24H Trading Volume - $12,747,820,290
Defi Dominance (vs. Global) - 5.8%
Terra DeFi Dominance - 12.7%
Total Value Locked (TVL) - $138,921,580,252

Partner News

Paradigm partner Dan McCarthy wrote about why engineers should leave FAANG for Crypto.

Lemniscap invested in cross-chain liquidity platform deBridge, and decentralised cybersecurity gateway Hats Finance.

Tweet of the Week

Sotheby’s getting heavily into the NFT market.