WatchlistCoins

RABBIT WEEKLY ALPHA | AUG 20, 2023. DeFi Highlights.

Rabbit
Rabbit
Telegram
20 Aug 2023, 13:00
RABBIT WEEKLY ALPHA | AUG 20, 2023 DeFi Highlights • SankoGameCorp migrates $DMT liquidity to Ethereum Mainnet, planning L3 launch on Arbitrum with $DMT as gas token. • Debank introduces Debank Chain, L2 built on OP Stack. • Unibot X now live, featuring integrated webapp trading terminal with telegram bot. • Shibarium mainnet active; $1.8M bridged $ETH potentially unrecoverable due to transaction overload. • dydX V4's Public Testnet 2 live, includes 30+ markets and dynamic margin changes. • PancakeSwap expands to Arbitrum. • Level DAO changing rewards from $LVL to unvested $preLVL; vesting possible by staking $LVL for a year or accelerating with 30% tax. • Convex Finance unveils $cvxPRISMA, offering liquid conversion of $PRISMA airdrop at discount. • $AURA AIP-42 update boosts voting incentives by 15%, reduces token emissions by 60% annually. • Immutable X launches zkEVM testnet. • Tenet blockchain introduces native bridge using LayerZero tech. • Pendle goes live on Optimism, enhancing LSDfi liquidity with $stETH and $rETH. • Wormhole now primary bridge provider for Osmosis Network. • Cow Swap launches TWAP orders. • Maker DAO co-founder proposes 10% revenue sharing from Aave's codebase on Spark Protocol. • Synthetix voting to deploy V3 on Base. • Mantle DAO proposes token migration contract from $BIT to $MNT. • Uniswap DAO considers deploying Uniswap V2 to all chains. • Rocketpool DAO discussing increased $RPL rewards for $rETH deposits. • Compound DAO discussing deprecating V2 market, encouraging migration to V3. Next Week's Alpha • EigenLayer raises LST re-staking cap on August 22nd. • Aevo absorbs Ribbon Finance, swapping $RBN to $AEVO in 1:1 conversion on August 25th, adding multi-collateral trading. • friend.tech beta launch boosts active users on Coinbase's new L2 Base. • Level Finance's $LGO bridge launches on August 23rd. • Yield aggregators GMD Protocol and GND Protocol set to launch on Base. • $INJ unlocks 7.8% circulating supply worth $21.68M on August 21st.