Daily Alpha and Summary. September 11, 2024

Sep 12, 2024

🐍 was Hogwarts busy. Seems to be back

DeFi

Aave DAO deploy Etherfi market on Aave where users can borrow stablecoins: $USDC, $pyUSD, $FRAX against their staked wETH

Aave DAO proposal to support Coinbase cbBTC upon launch on ETH and Base goes live

Paxos expand their stablecoin issuance and tokenization platform with Arbitrum to bring RWA onchain

Velo Labs integrates BlackRock’s tokenized $500M fund BUIDL, it’ll be used to back their stablecoin USDV

ENS is now supported on PayPal and Venmo

Reminder to check Eligibility for EigenLayer S2 Stakedrop

PIN AI raise $10M in preseed to launch the world's first Open Platform for Personal AI

EigenLayer AVS— Nuffle labs extend EigenLayer restaking functionality outside Eigen environment allowing restakers stake at the home chain/any chain. They call themselves first Universal restaking layer

Origin — ETH LSD and stablecoin protocol goes live on Base, Aerodrome

zkps on Optimism to go live after successful Succinct labs and Optimism collab to launch OP Succinct

Fraud proofs go live on Optimism mainnet

Osmosis build Polaris to solve liquidity fragmention. Polaris will support EVM, Cosmos and Solana environment

Vitalik says starting next year he’ll stop supporting Rollups that are not Stage-1 in a bid to end Rollup multisig security threat

Polygon partner with FabricCrypto to accelerate the Agglayer with software-hardware co-design as they’re set to purchase $5M worth of servers equipped with computer chips dedicated to zk cryptography.

Sei tease liquid staking Super Seiyan ETH with Dinero and Nucleus earn

Nansen acquires non-custodial staking service provider— Stakewithus

Aleph Zero launch NEON program to help accelerate enterprise product into its eco, already enlisting global partners like Pairpoint, Vodafone and Sumitomo

Huma finance raise $38M led by Distributed Global to accelerate its RWA platform— PayFi. This raise will expand them to Solana and Stellar's Soroban network.