The Last 168 Hours in DeFi
Goerli Merge Successful, ETH Price Rockets 🚀
Sam Kazemian spoke on Twitter spaces about the plans for Fraxlend and Frax ETH staking. While USDC blacklisting and algorithmic stablecoin monikers have plagued Frax’s reputation and the token price, the team and community continue to build creative and essential tools for DeFi and securing the Ethereum chain.
Disclaimer: I am invested in FXS.
Inflation data came in under expectation for the first time in 15 months and risk assets responded with green numbers. Ethereum has lead the recovery faster than Bitcoin, mostly due to the narrative around the Merge to Proof of Stake.
$ETH is now up >100% since mid-June’s capitulation event and many believe the majority of flows will continue as we progress towards the official mainnet Merge (approximately Sept 15).
Both major centralized stablecoins will support Ethereum Proof of Stake chain
30 ETH each!
Crazy story about a dev that ran 11 protocols and boosted Solana TVL
POD O’ THE WEEK:
Listen to Kevin Zhou from Galois Capital talk about the Ethereum Proof of Work forks after the Merge to Proof of Stake
Ethropy Wallet - ethropy.eth
Buy a Ledger Hardware Wallet (Affiliate Link)
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None of this is financial advice