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Oct 17th, 2022
Today’s DeFi data&news Brought to you by DeFi Insight
“This report simplifies and clarifies what MATIC is, the problem MATIC has tried to solve and its development since its launch. Strengths and weaknesses, opportunities and threats, core components and network architecture are also covered.
Polygon is a company with a growing suite of products that offers developers access to Layer 2 solutions and their main chain, Polygon POS, to scale Ethereum. Layer 2 removes the transactional burden and only communicates with Layer 1 to settle transactions with small security messages. This reduction in base layer congestion increases throughput and decreases cost. Leading by most metrics, the extent of Polygon’s security, decentralisation and adoption sits between layer 1s such as Solana and Avalanche and layer 2s such as Arbitrum and Optimism. Yet, still, some risks are of note. Polygon’s dependence on Ethereum and focus on Zero-Knowledge technology (the ability to verify blocks without revealing information) is innovative yet unproven and early. ” @Source
| STABLECOIN
▪ Aave’s Stablecoin $GHO Has First Audit Completed, Testnet Deployment to Be Made in Weeks
▪ The address labeled as Justin sun has withdrawn ~50M $USDT from Aave Protocol V2 and transferred this $USDT to an address funded by Poloniex
| LENDING
▪ Wintermute Repays $92 Million TrueFi Loan on Time
| MEV
▪ Flashbots Reveals New Version of Its Key Ethereum Software
| TOKEN
▪ StarkWare President: StarkWare Native Token to Go On-Chain in October
| ALERT
▪ Mango: Hackers have returned $67 million, next week will vote on distribution process
▪ Mango Markets exploiter comes clean, claims all actions were legal
| NAME SERVICE
▪ Aptos Restarts Aptos Labs Official Name Service Aptos Name Service
| NFT
▪ OpenSea: Temporarily Making Solana Collections Ineligible for Top and Trending on Homepage
▪ Magic Eden Launches NFT Upgrade Service Allowing Creators to Enable New Revenue Stream
| FUND
▪ Former NEA Partner Amit Mukherjee launches Chainforest DAO to invest in early-stage web3 startups
| POLICY®ULATION
▪ Financial Stability Board (FSB) Publishes International Regulatory Framework for Crypto Assets
| OPINION
▪ SBF: Support intermediaries to disclose derivatives trading information and conduct knowledge tests for investors
▪ Cross-Chain Bridging — Current Risks & Future Development _thetie
Blockchains, fundamentally, are another type of database. Each blockchain is a separate database, with different relative strengths. These advantages are based on a core set of beliefs, and a technical approach built on those tenets for solving problems identified as most critical. As Layer 1s, Layer 2s, or sub-blockchains become increasingly specialized, there is potential for wide-scale adoption of a wide range of new utilities. But just as in traditional currencies, economic activity across chains necessitates an efficient and reliable system of exchange.
▪ The Social Token Thesis _messari
▪ xNFTs: The Dark Horse of Mass Adoption _theblockresearch
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