DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Today's Newsletter is brought to you by Ethereum Reserve Dollar
Ethereum Reserve Dollar Description
The decentralized lending platform is built for the uncertainties of tomorrow. Think Liquity, but better.
1. Lending platform that allows users to borrow $USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral.
2. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.
3. First project to extend collateral support for blue-chip DeFi tokens. This will enable $USDE to be transformed into an index-backed stablecoin that mirrors the market dynamics of the entire ERC-20 DeFi ecosystem, while also reducing exposure to the price volatility of a single token and improving the overall stability of the protocol.
4. The team postponed the governance token launch and VC fundraising to focus on initial protocol development and avoid conflicts of interest
🙍♂️ Followers: 945
Latest updates
1. Launched mainnet on December 6, 2023
2. ERD Reserve Points will be automatically assigned based on activity and considered at a later date. Miners, Stability Pool depositors, and active community members will all compete for points.
3. Protocol TVL already above 140 ETH
4. Completed 3 security audits by: Quantstamp, Halborn Security, Peckshield
2/➯ Updates & Upgrades in DeFi
Introducing Nubit - The First Bitcoin-native Data Availability Layer:
Polygon zkEVM defi season Next Week:
Introducing EIP-6963 support, live on the Uniswap interface:
Thorchain revealed the 2024 Q1 roadmap:
Gamma released strategies post-mortem(after exploit):
Fantom released governance update - validator self-stake requirement reduced from 500k to 50k FTM:
Manta Network airdrop:
244% APR in Nitro pool PNP- ETH on Camelot:
3/➯ Alpha by Threadors & Good Reads
Thoughts about ETF Launches:
Parallel Execution and Common Dependencies:
The bullish signs for Rocket Pool:
List of restaking protocols in 1 table:
METIS advancing decentralization and ecosystem growth:
Break down the State of DePIN:
Today's Newsletter is brought to you by Equation
Project Description:
Equation is an interesting PerpDex on Arbitrum with the BRMM LP model, allowing LPs to turn their volatile losses into temporary losses and traders to leverage up to 200x.
The platform has a nice design and a high token issue for holding a position, LP, and deposit into an insurance fund.
🙍♂️ Followers: 45.6k
For example, for holding a 200 leveraged BTC position you will receive 14433% APR in token $EQU, and LPs receive 200-400%.
Emission with vesting one year with no penalty, 180 days with 50% penalty, or no lock burn 90% of rewards.
Using Take Profit/Stop Loss (TP/SL) functions in contract trading is crucial.
TP closes the position upon reaching a profit target, while SL closes it to limit losses. These functions help traders manage risks, protect funds, and avoid emotional trading or missed market monitoring. Setting TP/SL enables effective risk management, improving trading efficiency and success rate.
On CEX, TP/SL orders are closed with the position. However, on Equation, they remain as independent orders on the chain and resume when the position reopens.
Latest Update: Zero Fee Trading Event
Zero Fee Trading Event:
Background: Equation's competitors GMX and HMX have launched trading fee discount event, so Equation decided to go even further, to launch a Zero Fee Event
Referral code - link
4/➯ VITAL NEWS📰₿
UK officials hope to spur blockchain development with regulatory sandbox:
Bitcoin’s halving could spark the next bull market — or trouble for miners:
Digital asset investment products saw inflows totaling US$151m in the first week of 2024:
Binance releases its fourteenth proof of reserve:
Mercari, Japan’s largest online second-hand trading platform, said it will begin accepting BTC payments from June this year:
VanEck pledges 5% of spot BTC ETF profits to support BTC Core devs for 10+ years:
Proposed Spot Bitcoin ETF Fees:
The time to file updated filings for spot Bitcoin ETF is over:
5/➯⛓️On-Chain Data:
Hyperliquid HLP is hyping due to gorgeous income:
Crypto has not had this level of liquidation craziness in a long time:
GNS just made $1,426,647 in protocol profits over the past 7 days:
Friendtech treasury (All Earned Fees) finally moved from an EOA Address to a Multi-Sig one in Dec:
One of the top 5 Bitcoin Mining Pool f2pool sold 1.03K Bitcoin on 5th January:
Transactions on base are about to get 6-11% cheaper, fast followed by EIP4844:
Past 7 days $69m of defi volume moved from Ethereum ETH into 49% $SUI and 39% SOL:
6/➯ Macro Metrics 📈
Saudi Arabia's breakeven oil price continues to increase:
10-yr yield has broken out of its secular downtrend:
7/➯ Exploits & Bugs
MangoFarm Frontend Attack:
Crypto gateway CoinsPaid hacked for over $7.5M:
That’s it for today, my friends!
Thank you all for staying with us. Your future self will undoubtedly be grateful for the knowledge and insights gained here.
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I'll continue sharing valuable information about the latest insights and my thoughts in this fast-paced field.
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This is a great list of some really niche information about web3, thank you for sharing.