1confirmation Newsletter - Issue #86
Today is the 5 year anniversary of the Ethereum mainnet launch. In 5 years, the Ethereum community has accomplished a lot: $4B+ in total value locked in smart contracts, 290K+ users of decentralized financial products, 1M+ in on-chain transactions per day, and a total market cap of over $37B.
There's no telling what the next 5 years will look like for the most vibrant community in the cryptocurrency industry.
Required reading this week
Banks in US Can Now Offer Crypto Custody Services, Regulator Says — www.coindesk.com U.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.
Venturing Deeper into the Crypto (DeFi) Idea Maze
Sunny Aggarwal shares some thoughts on Sound Money and Open Finance, as well as present a new vision called Open Law.
Gitcoin Grants Round 6 Retrospective
Round 6 of Gitcoin Grants has just finished, with $227,847 in contributions from 1,526 contributors and $175,000 in matched funds distributed across 695 projects. Vitalik Buterin shares a retrospective on the results.
The State of Ethereum L2 — www.tokendaily.co
Recently, several L2 projects have launched on mainnet. They are all fiercely competing for community attention and adoption. Mohamed Fouda charts a map of these solutions and discusses their success so far.
1confirmation portfolio reading this week
Governance at a glance - MakerDAO — forum.makerdao.com
The one stop shop for finding out what’s being discussed in the MakerDAO community related to governance right now.
Augur v2 Launches — www.augur.net
After years of development, the Augur v2 protocol has been successfully deployed to the Ethereum Mainnet!
The FTX Podcast #8 - Antonio Juliano Founder of the Decentralized Exchange dYdX — www.youtube.com
A chat on the state of DeFi with Antonio Juliano, founder and CEO of dYdX.
Tokenizing Content Creator Economies: An Introduction to Rally Network — medium.com
Amit Ranade introduces Rally Network's tech and economic design to accelerate interactions between creators and fans.
Analyzing ETH’s Recent Gas Rate Increase — medium.com
bloXroute's data implies that the recent Ethereum gas limit increase to 12.5M is modest, and that a much higher gas limit can be safely deployed.
Launchpad — A pre-stargate stable version of the Cosmos SDK — blog.cosmos.network
Cosmos recently introduced Launchpad, a release series of the Cosmos SDK that aims to be a stable milestone for Cosmos SDK-based blockchains to use until they upgrade to Stargate.
On-chain metric to watch
