Today in DeFi - Starbucks NFTs on Polygon, USDT Launches on NEAR, and More...
Starbucks NFTs on Polygon
Starbucks will introduce Polygon-based NFTs to their loyalty program. US program members will be able to earn and purchase digital collectible stamps in the form of NFTs.
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USDT Launches on NEAR
Tether announces the launch of USDT on the NEAR blockchain, making NEAR the 13th chain that USDT launches on.
Huobi Delisting Privacy Coins
Centralized exchange Huobi will terminate trading and delist seven privacy coins ($DASH, $DCR, $FIRO, $XMR, $XVG, $ZEC, and $ZEN) on Sept. 19th to meet compliance requirements.
GMX PlutusDAO Token Swap
Arbitrum governance aggregator PlutusDAO proposes to swap $200k esGMX for $200k locked PLS tokens in order to enable the Plutus GLP vault to receive maximal yield.
Preparing for The Merge
The Merge is approaching, some potential risks to be aware of & actions to take:
Technical Issues Cause Problems with the Ethereum Blockchain
Probability is low, as the merge has gone through iterative testing. However, if you want to protect yourself from this scenario you could liquidate all assets on Ethereum and only hold assets in other chains (e.g. Bitcoin, Solana), or centralized exchanges.Technical Issues Occur in the Defi Ecosystem
The probability of issues occurring in Defi is not very high, since the execution environment (EVM) does not change, but they are not zero. Withdrawing assets from Defi protocols may help protect you from issues such as oracle attacks.
Replay Attacks on ETHPoW
Miners will probably continue mining ETHPoW, causing a hard fork. Interacting with ETHPoW post-merge is dangerous as there may be replay attacks. The best way to protect yourself is don't use ETHPoW.
Trading The Merge… and More
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