Research Summary
The report provides updates on various projects in the blockchain and cryptocurrency space. It covers topics such as Arbitrum’s Short-Term Incentive Program, the unofficial launch of Scroll’s mainnet, FriendTech’s introduction of 2FA, Blur’s season 2 conclusion, Uniswap Foundation’s funding request, Lido Finance’s slashing incidents, Frax Finance’s new developments, SSV Network founder’s military service, Farcaster’s permissionless registration, and TangibleDAO’s liquidity issue.
Key Takeaways
Arbitrum’s Incentive Program and Scroll’s Unofficial Launch
- Arbitrum’s STIP: Arbitrum has concluded the first round of voting for its Short-Term Incentive Program (STIP), which aims to allocate 50 million ARB tokens as incentives to various projects.
- Scroll’s Mainnet Launch: Scroll, a Layer 2 network focusing on zkEVM, has unofficially launched its mainnet, with over 430 users already bridging more than 310 ETH to the Scroll mainnet.
FriendTech’s 2FA and Blur’s Season 2 Conclusion
- FriendTech’s 2FA: FriendTech has introduced 2FA to provide extra protection to users’ accounts. The new feature requires users to verify an independent password for activities related to trading keys, withdrawing funds, or exporting private keys.
- Blur’s Season 2 End: Blur has announced the conclusion of Season 2 on November 20th. The top five Blur farmers have incurred significant losses, with a total realized loss of around 116,600 ETH.
Uniswap Foundation’s Funding Request and Lido Finance’s Slashing Incidents
- Uniswap Foundation’s Proposal: The Uniswap Foundation has proposed the disbursement of the remaining $46.2 million from last year’s initial fundraising to support their work over the next two years.
- Lido Finance’s Slashing Incidents: Lido Finance has experienced 20 slashing incidents due to infrastructure and signing configuration issues with validators operated by Launchnodes, incurring losses of approximately 20 ETH.
Frax Finance’s Developments and SSV Network Founder’s Military Service
- Frax Finance’s FRAX v3: Frax Finance has released the official documentation for FRAX v3, a stablecoin pegged to the US dollar that utilizes the Asset Management Optimizer (AMO) smart contract and permissionless, non-custodial subprotocols as its stability mechanisms.
- SSV Network Founder’s Military Service: Alon Muroch, the Israeli founder of the Ethereum staking infrastructure SSV Network, has been called up for military service.
Farcaster’s Permissionless Registration and TangibleDAO’s Liquidity Issue
- Farcaster’s Permissionless Registration: Farcaster, a decentralized social protocol, has achieved permissionless registration, with approximately 164,000 Farcaster IDs (FID) registered within the first 24 hours.
- TangibleDAO’s Liquidity Issue: TangibleDAO, the entity behind the Polygon-based stablecoin Real USD (USDR), has experienced a significant price drop due to the depletion of DAI, leading to panic selling and a decoupling.
Actionable Insights
- Investigate the Potential of Arbitrum’s STIP: The conclusion of the first round of voting for Arbitrum’s STIP could present opportunities for projects participating in the program.
- Consider the Implications of Scroll’s Mainnet Launch: The unofficial launch of Scroll’s mainnet could have implications for the Layer 2 network and zkEVM space.
- Assess the Impact of FriendTech’s 2FA: The introduction of 2FA by FriendTech could enhance the security of users’ accounts, potentially attracting more users to the platform.
- Examine the Effects of Blur’s Season 2 Conclusion: The end of Blur’s Season 2 and the significant losses incurred by Blur farmers could impact the platform’s future developments.
- Explore the Consequences of Uniswap Foundation’s Funding Request: The Uniswap Foundation’s proposal for the disbursement of the remaining $46.2 million could influence the foundation’s future projects and initiatives.
- Understand the Ramifications of Lido Finance’s Slashing Incidents: The slashing incidents experienced by Lido Finance could affect the protocol’s operations and reputation.
- Investigate the Potential of Frax Finance’s FRAX v3: The release of FRAX v3 by Frax Finance could present opportunities in the stablecoin market.
- Consider the Implications of SSV Network Founder’s Military Service: The military service of SSV Network’s founder could have implications for the Ethereum staking infrastructure.
- Assess the Impact of Farcaster’s Permissionless Registration: The achievement of permissionless registration by Farcaster could enhance the protocol’s user base and influence its future developments.
- Examine the Effects of TangibleDAO’s Liquidity Issue: The liquidity issue faced by TangibleDAO could impact the price and stability of the Polygon-based stablecoin Real USD (USDR).
