Last Week in DeFi - Raft Exploited for 6.7M, Pika Retiring Token, Ether.fi Launches eETH, RocketPool Announces Houston Upgrade, and More...

Recap: Week of Nov 6th

Product Launches 🚀

• Notional V3 Public Launch
  Notional V3 is live publicly on Arbitrum. V3 supports 12 currencies for lending and borrowing, and 9 for leveraged yield strategies. And NOTE incentives are live.

• Flashbots Founder Launches Telegram Bot
  Flashbots cofounder Stephane Gosselin launched Alfred, a trading bot on Telegram that allows user-friendly token swaps with MEV protection.

• Ether.fi eETH
  Ether.fi launches eETH on the mainnet for whitelisted users.

• Sushiswap Smart Pools
  Sushi launches Smart Pools that automate LP management, offer higher capital efficiency, and earn higher yields.

• CowSwap Programmatic Orders
  CowSwap launched Programmatic Orders and Programmatic Order Framework, allowing devs to automate execution and create any order type.

• Jupiter Launches Perps
  Solana DEX aggregator Jupiter launched an LP-to-trader perpetual exchange, with the available SOL, ETH, and BTC markets.

• Flexlend Live on Solana
  Solana-based Lulo Finance launches Flexlend, a lending aggregator with limit orders.

• Vertex Stop Loss/Take Profit Orders
  Vertex introduces Take Profit and Stop Loss orders. TP & SL consist of multiple types, including reduce-only orders, market orders, entire position, mark or last price.

• Rysk Debit Spreads
  Rysk launches Put/Call debit spreads, allowing trades to reduce the cost of entering a long position.

• Frame Testnet Live
  Creator network Frame testnet is live. Users can bridge funds, use the block explorer, and mint NFTs on the testnet.

• Binance Web3 Wallet
  Binance launches Web3 Wallet featuring MPC tech. The wallet generates three key shares, each stored in a separate location: the user’s personal cloud storage, their own device, and Binance’s protected servers.

Project Updates 🚩

• Linea Voyage Live
  Linea L2 launches Defi Voyage in partnership with IntractCampaign. The first week is starting with MetaMask tasks.

• Dyson Live on Polygon zkEVM
  Dual investment DEX Dyson expands to Polygon zkEVM and will launch the DYSN airdrop on Nov 22.

• Immutable x Ubisoft
  Immutable joins Ubisoft's Strategic Innovation Lab to create a new web3 gaming experience.

• Lido Lands on Base
  Lido is live on Base L2, enabling users to bridge wstETH to Base.

• Quickswap Live on Manta
  QuickSwap is live on Manta Pacific with token rewards and incentives for traders and LPs.

• Avail Clash of Nodes
  Avail launches Clash of Nodes, an incentivized testnet for validators and light clients.

• zkSharding for Ethereum
  Nil Foundation announces =nil, a zkRollup that scales Ethereum to 60,000+ TPS through zkSharding.

• Kraken May Launch an L2
  Kraken is reportedly in talks with Polygon, Matter Labs, and Nil Foundation to build its own Layer 2.

Governance Highlights 📜

• Approved: ARB Staking
  Arbitrum governance approves the proposal to introduce ARB staking.

• Proposal: OUSG on Compound V3
  Ondo Finance proposes onboarding OUSG (Ondo Short-Term U.S. Government Bond Fund) as collateral to Compound V3 to increase average supply rates and reduce risk for the protocol.

Regulations 🏛️

• BlackRock Files for Spot ETH ETF
  BlackRock has filed a spot ETH ETF (iShares Ethereum Trust ETF) through Nasdaq. The ETF would use Coinbase Custody Trust Company as custodian, according to the filing. It will use the CME CF Ether-Dollar Reference Rate - New York Variant.

Hacks/Issues 👾

• Raft 6.7M Exploit
  Raft had an exploit and lost ~$6.7M unbacked R. Raft will sunset the current version and the DAO will establish a clear recovery plan for all affected users.

• Pika to Retire PIKA Token
  Pika will retire the PIKA token, allow holders to redeem PIKA for ETH, and the project will continue operations without a token.

Upcoming ⏳

• RocketPool Houston Upgrade
  RocketPool announces Houston Upgrade. The upgrade will introduce the pDAO and features allowing new integrations and platforms to be built on the protocol.

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