Last Week in DeFi - Uniswap Wallet on iOS, Ethereum Shanghai Live, Hundred $7m Exploit, and more...

Recap: Week of Apr. 10th

Product Launches 🚀

• Uniswap Wallet Live on App Store
  Uniswap Wallet iOS app passed Apple’s App Store review and is now available for download. The wallet supports networks including Ethereum, Polygon, Arbitrum, and Optimism, and charges 2.55% in fees for crypto purchases.

• Solend V2 Live
  Solend V2 phase 1 is now live with borrow weights, TWAP oracles, and outflow rate limits enabled on Solend contracts.

• Ondo MMFs Stablecoin
  Ondo introduces OMMF, a yield-generating stablecoin backed by money-market funds (MMFs) and US gov securities.

• EOS EVM Beta Live
  EOS launches EVM beta on mainnet. The launch also introduces a new burn mechanism where 100% of profits from the ENF RPC node will be burned.

• Shell NFT AMM
  Shell protocol launches an NFT AMM, enabling NFT fractionalization and trading (currently supporting Shell’s Toucan NFTs)

ETHTaipei 🇹🇼

ETHTaipei will be held from April 21 to 25. The event unites Ethereum-focused teams from across the globe to discuss trends and build on Ethereum.

There will be a hackathon from April 21 to 23 followed by the main conference from 24 to 25. Industry leaders such as Vitalik Buterin and members from The Graph, imToken, Perpetual Protocol, and more will be sharing their expertise and insights.

Check more details and join ETHTaipei at https://ethtaipei.org/

Project Updates 🚩

• Ethereum Shanghai Live
  Ethereum devs have implemented the Shanghai on the mainnet. The Shanghai upgrade enables users and validators to withdraw their staked ETH on the network.
  Nansen launched a public dashboard tracking the status of ETH withdrawals.

• Uniswap V3 Deployed on Polygon zkEVM
  The proposal to deploy Uniswap v3 on Polygon zkEVM was passed and executed.

• Avocado Live on Polygon zkEVM
  Avocado Wallet now supports Polygon zkEVM. Built by Instadapp, Avocado is a smart contract wallet that allows unified cross-chain execution.

• Klaytn Burned KLAY
  Klaytn executed the treasury rebalancing on the Cypress mainnet, burning ~5.29B KLAY, which is around 50% of its token supply.

• Stader Delegation Program
  Stader now accepts applications to the delegation program, allowing token holders to delegate voting power to key community members/ groups to become delegates and participate in governance.

• Balancer Budget Reduction
  Balancer operator has cut off two engineers and reduced the operating budget as the protocol turns its focus toward improving its user interface and marketing.

• Lyra Trading Rewards V2
  Options protocol Lyra launches Trading Rewards V2 that will last for 12 weeks, with over $150k in rewards across Optimism and Arbitrum. Check the tutorial on how to participate and boost rewards.

• Rage Trade DN GLP Vault Updates
  Rage Trade team updated the DN GLP vault to allow for 100% trader PnL hedging. The DN GLP vault is a delta-neutral GLP investment product.

Governance Highlights 📝

• Voting: Bancor Carbon
  The Bancor community proposes to launch Carbon, a new AMM that allows users to decide on independent buy and sell levels for a base/quote asset pair. The proposal is now on snapshot, and the vote will end on April 20.

• Passed: Dinero Protocol
  Redacted Cartel passed the vote to launch Dinero Protocol. Dinero will have a permissionless RPC, an overcollateralized stablecoin $DINERO, and an ETH liquid staking token $LST.

• TEMP CHECK: Aave V3 on StarkNet
  Aave governance passed the temperature check to deploy V3 on StarkNet.

Hacks/Issues 👾

• Hundred $7m Exploit
  Multichain lending protocol Hundred Finance got exploited for $7m on Optimism. The attacker conducted an initial donation sandwich attack, exploited the WBTC price, and drained the lending pools.

• Yearn $10m Exploit
  Yearn is exploited and lost ~$10m. The attacker conducted a flash loan attack through Aave V1 and exploited the Yearn USDT token (yUSDT), then acquired a large number of stables on the Curve pool.

• Euler Redemption Live
  Euler has revised the redemption plan for the exploit. Affected users can now check their redemption numbers at https://redemptions.euler.finance/

• SushiSwap Refunds
  SushiSwap released recovery plans for the RouteProcessor2 Exploit. Users that have their funds resting in the whitehat contract will be able to claim once the team sets up a claim tool. The rest need to email the team or submit a ticket in Discord to validate and claim their funds

• Ren Assets Transferring to FTX
  Ren protocol, a bridging protocol acquired by Alameda, tweeted that its assets and shares will be transferred to cold wallets controlled by FTX.

  FTX had previously directed the protocol to transfer all assets to debtor wallets for safeguarding “in advance of possible shutdowns of infrastructure and systems.”

Upcoming ⏳

• Maple US Treasury Pool
  Maple CEO mentioned in a recent community call that they will launch a lending pool that allows accredited investors based outside of the U.S. to invest in US Treasury bonds.

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