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Daily news roundup with the 🦙
1/2 News📰
> Fault proofs live on Base mainnet
> Solayer RWA backed stablecoin
> Eclipse launches ETH unified restaking token
> Paxos introduces new stablecoin USDG
> NEBRA zkp launches aggregation tool on World Chain
> Multiplier testnet live on Abstract
> Karak Data Availability Marketplace live on Testnet
> OpenBlock update on Linea's LXP-L Campaign
> Argot Collective spinning out of Ethereum Foundation
> Timedotfun migrating from Base to Solana
> Justin Drake and Dankrad Feist both resign from their Eigenlayer advisorship>
> Franklin Templeton launches tokenized money fund on Base
> Tether Attestation for Q3/2024
> Kraken lays off staff, announcing new co-CEO
> dYdX cutting 35% of their team
> Partner at DWF, Eugene Ng, allegedly spiking a potential hire's drink
> Zircuit Fairdrop to EIGEN holders
Layer 1 & 2⛓
> Solana with Micro Validators
> OP Succinct with Celestia Underneath
> PowdrVM 0.1 release, zkVM with multi-prover support
> Unichain introducing a new validation network
Middleware 🪢
> Jito restaking deposits are live
DeFi 🏦
> GMX bringing their perp dex to Solana
> Krav perp dex rebrands to Rave and intends to launch on Initia's interwoven stack
> Ethereum Staking Penalty Simulator
Reads 📚
> Possiable futures of the Ethereum protocol, part 6 The Splurge
> Story of Sabliers discontinued project called Sablier Mainnet
> Starknet: Ethereum's Dreadnought is Back
> Electric Capital Global Crypto Developer Data
> Dependency funding round dynamics
> FUTARCHY AS TRUSTLESS JOINT OWNERSHIP
> Polylogarithmic Proofs for Multilinears over Binary Towers
> Sam Kazemian new system for valuing digital commodities vs gov tokens
> How to Hedge IL in Uni V2 & V3 Using GammaSwap's Straddle
Raises💰
> Glow Fiybdatuib rauses $30m funding
> Ellipsis Labs $21m fundraise
> Citrea $14m series A funding
> Gelato Series A+ $11m funding
> Sapien AI $10.5m seed funding
> Phylax $4.5m pre-seed funding
> Hana Network $4m builders round
> CAP Labs $1.9m pre seed funding
> KRNL Labs $1.7m pre seed funding
> Bridge acquires Web3 Wallet Platform Triangle
Security 🛡
> Venn decentralized firewall testnet live
> M2 exchange $13.7m cybersecurity incident
> Radiant Capital's Ethereum markets are now unpaused
> Malicious token contract cointains hidden code that bypasses token allowance
Development⚙️
[Syndica Cloud V2 RPC implementation](https://x.com/Syndica_io/status/1852026712877322265(forward from ****)) France to ban users’ access to Polymarket: report> 1
> 1: https://www.dlnews.com/articles/regulation/france-to-ban-users-access-to-polymarket-website-report/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Here are the people who could replace crypto foe Gary Gensler> 1
> 1: https://www.dlnews.com/articles/regulation/crypto-allies-poised-to-run-sec-after-chair-gensler/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up: smol edition this week as Intern is in Bangkok for devcon🇹🇭
News 📰
> Wintermute's prediction market: OutcomeMarket
> Story’s final testnet, Odyssey, is now live
> Degen chain migrating away from conduit
> Biconomy acquires Klaster building modular execution enviroment
> L2BEAT's dashboard for data availability
Layer 1 & ## 2 ⛓
> Magic Labs Unveils Chain Unification Network 'Newton'
DeFi 🏦
> Euler Prime - a bespoke lending market to provide the most capital efficient lending experience
> Governance proposal submitted to enable fee switch for ENA
> USDxl: yield backed stablecoin by Last
> Vote to allow for MORPHO transferability passed
> BounceX, perpetual exchangepowered by AUCTION token
MEV ⚡️
> Rollup-Boost availble on Conduit rollups
Reads 📚
> pm-AMM: A Uniform AMM for Prediction Markets
> From prediction markets to info finance
> The Practical Guide to Ethereum Rollups
> Aerodrome: The Onchain Liquidity Engine
> Tethered to Dominance: Tether's Future in a Trump Presidency
**## Raises 💰 ** > vlayer $10m pre-seed funding
> Rekt Brands $1.5m seed fundung
> Binance Labs investing in BIO Protocol
Security 🛡
> DeltaPrime exploited fore $4.75m
Development⚙️
> Solar: implementation of Solidity compliler in rust
> ColliderScript: Covenants in Bitcoin via 160-bit hash collisions
> Ox, standard library for Ethereum
[Velos: lightweight Solana client](https://x.com/leafar_dev/status/1854271700709319110(forward from ****)) ‘Desperate’ trader offers $2.5m reward to recover stuck funds> 1
> 1: https://www.dlnews.com/articles/defi/desperate-crypto-trader-offers-reward-to-recover-stuck-funds/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Ethereum researcher Justin Drake unveils new plan to supercharge the network> 1
> 1: https://www.dlnews.com/articles/defi/ethereum-researcher-unveils-beacon-chain-redesign-at-devcon/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Bitpanda’s new ‘global ambassador’ is tennis star who settled ex-girlfriend’s abuse case> 1
> 1: https://www.dlnews.com/articles/people-culture/bitpanda-taps-controversial-tennis-star-as-global-ambassador/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Crypto dealmaking poised to soar as Trump loosens rules and replaces regulators> 1
> 1: https://www.dlnews.com/articles/markets/crypto-dealmaking-to-soar-as-trump-loosens-finance-rules/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Manifold token craters 98% as founder ghosts frustrated supporters> 1
Llama news round-## up 🍗
News 📰
> BlackRock expands BUIDL to Aptos, Arbitrum and Optimism
> Ethereum researcher Justin Drake unveils redesign of the Ethereum Consensus layer - Beam Chain
> Infura's decentralized infrastructure network launched
> Layerzero introduces new data primitive: lzRead
> Agora introducing multichain voting
> Burner: an easy to use, low cost hardware wallet designed for gifting stablecoins
> Coinbase introduces Offramp — enable crypto-to-fiat conversions in your app
> Hadron by Tether Platform Brings Simplified Asset Tokenization to the Mass Market
> Caldera Foundation introduced
> Ethereum team lead Péter Szilágyi going on sabbatical
Layer 1 & ## 2 ⛓
> Risc Zero Kailua: Giving OP chains 1-hour finality without the higher cost of constant ZK proving
> Zerion's 'fee-free' Ethereum Layer 2 ZERO Network goes live
> Ethereum Layer 2 Lisk launches mainnet
> Multi Proofs live on Taiko mainnet
> Caldera introducing Vulcan, Sovereignty-as-a-Service for Ethereum Rollups
> Ethereum's ENS Identity System Set to Launch Own Layer-2
DeFi 🏦
> Pendle introduces Boros: Yield Trading with Margin
> Ethena risk committee approved Wintermute's ENA fee switch proposal
> Split Capital submitted governance proposal for Blur to enable fee switch
> Huma Protocol expands to Solana
> First AI optimized Morpho vault aggregator live
> A Product Line Approach to Grow Lido’s Staking Ecosystem
Reads 📚
> A useful framework for understanding stablecoins
> Measuring Solana’s Decentralization: Facts and Figures
> Hyperliquid - an L1 designed for DeFi at scale
> Arthur Hayes — Black or White?
> The World Network Opportunity: A Greenfield for Builders Raises💰
> Alluvial $4.3m strategic funding
> Folks Finance $3.2m strategic funding
> Pulse $1.8m pre-seed funding ** > Utopia Labs acquired by Coinbase
> Fintek Securities Pte Ltd acquired by Crypto(.)com
> Attestant acquired by Bitwise
> Anycoin Direct acquired by Finst
Security 🛡
> Thala $25.5m exploit recovers $25m following successful hacker negotiation
> How kaden found a critical vulnerbaility in Zora's ERC20Z contract
[Radiant RIZ market update](https://x.com/RDNTCapital/status/1857442174222455261https://x.com/ConvexFinance/status/1858511932656861649?t(forward from ****)) What’s next for Polymarket — and prediction markets — after the FBI raid?> 1
> 1: https://www.dlnews.com/articles/regulation/what-now-after-polymarket-ceo-raid/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) ‘Razzlekhan’ sentenced to 18 months for Bitfinex heist of 120,000 Bitcoin> 1
> 1: https://www.dlnews.com/articles/regulation/razzlekhan-sentenced-to-18-months-for-2016-bitfinex-heist/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) SEC chief Gary Gensler says he’ll resign on Trump’s inauguration> 1
> 1: https://www.dlnews.com/articles/regulation/sec-chief-gary-gensler-announces-january-resignation/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Pump.fun removes livestream feature amid reports of shocking videos> 1
> 1: https://www.dlnews.com/articles/markets/solana-memecoin-launchpad-removes-livestream-feature/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) A shock suicide on Pump.fun prompted outrage and a shutdown. It was all fake> 1
> 1: https://www.dlnews.com/articles/defi/fake-suicide-on-pump-fun-prompted-outrage-and-a-shutdown/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Why Europeans are foaming at the mouth about crypto> 1
> 1: https://www.dlnews.com/articles/opinion/why-europeans-are-foaming-at-the-mouth-about-crypto/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) 🏰🦙DL Research and Castle Capital are partnering to apply for the Research Member role in Arbitrum’s Research & Development Collective (ARDC) V2!
📅Timeline: SNAPSHOT VOTE Dec 5–13.
Our proposed scope of work for the first 2 months of the 6 month term:
1️⃣Builder retention & expansion Address gaps by conducting a 'Builder Needs' survey and interview, creating developer profiles, performing competitive benchmarking, and offering strategic recommendations to improve onboarding and incentives.
2️⃣**Ecosystem growth initiatives ** Strengthen Arbitrum’s innovation hub by assessing Retroactive Public Goods Funding (RPGF), proposing an innovation grants framework, prioritising high-impact protocols, and recommending Builder engagement strategies to enhance retention.
3️⃣Orbit Chain interoperability Improve Orbit chain integration through non-technical UX improvements, bridge design analysis, messaging layer solutions, and alignment with Ethereum’s interoperability roadmap to ensure seamless user experiences.
4️⃣Finding Arbitrum’s identity Refine the DAO’s messaging to create alignment across the ecosystem, attract developers and users, and strengthen Arbitrum’s position as a leading Layer 2 solution.
5️⃣ New Sector Mapping and Outreach Expand into high-growth areas beyond DeFi by prioritizing sector analysis, crafting targeted outreach strategies, and creating tailored incentives to drive adoption and innovation.
🦙🏰 ### Why Choose Us? 🦙🏰
Trusted expertise: DL Research excels in turning complex insights into actionable strategies, while Castle has years of hands-on experience with Arbitrum governance and incentive design.
DAO-first approach: Our efforts focus on decentralisation and delivering measurable value for the Arbitrum community.
**Unwavering commitment: **This role is a top priority for both teams, ensuring consistent effort and results.
**A unified vision: **Together, we offer unmatched analyticaldepth and grassroots involvement at a competitive rate.
Every vote brings us closer to delivering actionable insights and unifying the Arbitrum ecosystem. Support our vision at the upcoming snapshot vote!
View our application here: DL Research <> Castle Capital Application> 1
Let’s shape the future of Arbitrum together! 🚀
> 1: https://forum.arbitrum.foundation/t/election-application-thread-v2-arbitrum-research-development-collective/27267/19?u=defillama_research(forward from ****) Celsius founder Alex Mashinsky pleads guilty to defrauding investors at ‘never profitable’ crypto lender> 1
Happy $100.000 BTC✨(forward from ****) Voting is now open for the Research Member role in the Arbitrum Research & Development Collective!
Cast your vote by December 13 to support our proposal> 1 alongside Castle Capital.
Make your voice count![2]
[2]: https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xfbc7855075da7b93d7c95354e9b2adf848099562afcafa42fa7b7f6fa6e7804bhttps://x.com/odosdao/status/1867300703401914633?t=1(forward from ****) Yield-hungry investors push Ethena’s $5.8bn USDe over rival Dai stablecoin> 1
> 1: https://www.dlnews.com/articles/defi/yield-hungry-investors-push-ethenas-58bn-usde-over-rival-dai-stablecoin/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Australia slaps Binance with lawsuit alleging it let retail customers trade risky derivatives> 1
> 1: https://www.dlnews.com/articles/regulation/australia-sues-binance-for-exposing-customers-to-risk/?utm_source=telegram&utm_medium=organic_social&utm_campaign=https://x.com/usualmoney/status/1869366984586260557https://x.com/ResupplyFi/status/1869394595882455501?t(forward from ****) Jump Trading crypto subsidiary hit with $123m fine over TerraUSD scandal> 1
> 1: https://www.dlnews.com/articles/regulation/jump-trading-crypto-subsidiary-pays-123-million-for-terrausd/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Aave poised to leave Polygon blockchain after $1bn proposal triggers clash> 1
> 1: https://www.dlnews.com/articles/defi/aave-poised-to-leave-polygon-blockchain-amid-controversy/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Solana co-founder allegedly kept millions in staking rewards from ex-wife in ‘acrimonious’ divorce> 1
Llama news round-up 23 Dec - 02 Jan🍗 Happy 2025 ## readers ❤️
News 📰
> Helius launches startup launchpad
> HYPE staking is live on mainnet
> Arbitrum Trailblazer, a new $1,000,000 initiative funding AI experimenters
> Chainlink's novel non-toxic MEV recapture solution
> Synapse unveils Cortex token CX
Layer 1 & ## 2 ⛓️
> Boundless, bringing ZK to every chain
DeFi 🏦
> Berachain pre-deposit vaults for Boyco markets by Concrete, Lombard, and Stake Stone
> Aerodrome VIRTUAL/cbBTC yield market
> Prisma shutdown and transition plan
MEV ⚡️
Reads 📚
> An Analytical Comparison for Crypto x AI Frameworks
> How To Make Cross-Chain Tokens Fungible Again: Part I
Raises 💰
> Accountable $2.3m seed raise
Developm ent⚙️
[FOCIL implementation on Prysm](https://x.com/terencechain/status/1874694305086124345(forward from ****)) Do Kwon pleads not guilty to US charges with maximum penalty of 130 years in prison> 1
> 1: https://www.dlnews.com/articles/snapshot/do-kwon-pleads-not-guilty-and-faces-130-years-in-prison/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up
News 📰
> Synthetix sunsetting Arbitrum focussing on Base
> Solayer Foundation introduced
> Perpl - Monad's native pricing engine
> Irreducible launches alpha-ready Binius library and Ethereum state proving service
> Lazy Chain - new community driven blockchain powered by Astria and Celestia
> Iron Fish launching Universal Privacy Layer
> Derive Pro in collaboration with Messari, AI powered trading experience
> Boyco Update: Announcing Selected dApps and Asset Issuers
> Request for Broposal Update: Applications
Layer 1 & ## 2 ⛓️
> Phala Network launches first OP Succinct L2 on Ethereum
> Hyperliquid addressing misconceptions regarding validators
> An open letter addressed to Hyperliquid on Validators
> Unichain enabled Permissionless Fault Proofs
> Holocene upgrade live on Base mainnet
> Faster block/blob propagation in Ethereum
> Exploring Sophisticated Execution Proposers for Ethereum
> Defragmenting Liquidity with Asynchronous and Synchronous Composability
> Beyond Bridges: How zkTLS Makes Crypto Invisible
> MegaETH vs Monad vs Hyperliquid
> Defining Hardware Requirements For Ethereum Validators
> All Core Devs - Consensus (ACDC) #148
DeFi 🏦
> Euler Yield - loop yield-bearing tokens with stables
> Curve's quarterly progress report
> Uniswap Foundation's 2024 Community Impact Report
> An Overview of Arbitrum's DeFi Ecosystem
> Morpho Vaults Collateral Risk
MEV ⚡️
Reads 📚
> Future of Ethereum (1): Beam Chain
> Accelerate L2 Interoperability: Update #0
> Intent-Based Architecture and Their Risks
> Preconfirmations for the Average Joe
> The Era of Provable Software
> Why Prediction Markets Are Broken (And How to Fix Them)
> The Bull Case for Blockchain Interoperability in 2025
> Kain "It's still a bull market relax"
> Agent Fragmentation: Breaking through the Noise
Raises 💰
> Alpen Labs $8.5m Strategic round
> Ooga Booga $1.5m Strategic Round
Haedal Seedhttps://x.com/HaedalProtocol/status/1875151403590848957
Security 🛡
> Solv Protocol Twitter compromised (restored)
> Radiant Capital recap of Post-Hack Progress
[The State of Crypto Security in 2024](https://x.com/phylaxsystems/status/1876345732514615407(forward from ****)) Razzlekhan spits her final bars before serving Bitfinex money laundering sentence> 1
> 1: https://www.dlnews.com/articles/people-culture/razzlekhan-spits-final-bars-before-bitfinex-prison-sentence/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Singapore labels Polymarket illegal gambling, restricts site access> 1
> 1: https://www.dlnews.com/articles/regulation/singapore-says-polymarket-illegal-gambling-and-blocks-site/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Trump backlash has started — it will be bumpy ride for crypto investors> 1