TL;DR
- Merge will happen next week Join the community call to know more
- Vitalik on "New Idealistic Movement"
- Former employee of NFT marketplace (OpenSea) charged for leaking inside information
- Limited IMX trading rewards prototype launched by Immutable
- GFX labs introduced Interest Protocols(IP)- next step in DeFi evolution
- Superfluid collaborated with Coinshift
- Syncing the EL client will take a few days- The Merge
- The Hitchhiker's Guide - a short thread
- Grantee roundup May 2022- Ethereum Foundation
- May 2022 was a record month for ENS
Merge will happen next week Join the community call to know more
The Ropsten merge is set to happen on June 8 which is approaching soon so it is important for validators to test run both Execution and Consensus clients - and diversity matters for both (non-geth for EL, non-prysm for CL) . A Merge Community Call is happening tomorrow on June 3 at 14:00 UTC (10:00 ET)
Duration: 60 mins
In this meeting various topics revolving around the upcoming merge on the Ropsten testnet will be discussed
The Ropsten Merge will occur next week. It's important to use this as a test run if you are currently managing a validator node!
— trent.eth (@trent_vanepps) June 2, 2022
Join Merge Community Call #4 in 25 hours to learn more:
🌟 June 3 - 1400 UTC (10 EST)https://t.co/nds5iLEBtc
Vitalik on "New Idealistic Movement"
Vitalik criticizes the "new idealistic movement" scene 10-15 years ago vs today saying that the major difference between these two is that " back then it felt possible to be on all the good-guy teams at the same time. Today, much more adversarial thinking and conflict."
Read the full thread below to know more
A big difference between the "new idealistic movement" scene 10-15 years ago vs today is that back then it felt possible to be on all the good-guy teams at the same time. Today, much more adversarial thinking and conflict.
— vitalik.eth (@VitalikButerin) June 2, 2022
I've been trying to understand.. where to from here?
Former employee of NFT marketplace (OpenSea) charged for leaking inside information
NATHANIEL CHASTAIN, a former product manager at Ozone Networks, Inc. d/b/a OpenSea has been charged with wire fraud and money laundering in connection with a scheme to commit insider trading in Non-Fungible Tokens, or "NFTs," by using confidential information about what NFTs were going to be featured on OpenSea's homepage for his personal financial gain. CHASTAIN was arrested this morning in New York, New York and will be presented today in the United States District Court for the Southern District of New York.
Learn about the full case here.
Limited IMX trading rewards prototype launched by Immutable
In the past few days Immutable has grown commendably . It has launched various products and collaborated with projects like Rarible and StarkNet too ( read previous bulletins to know more ) They have launched the first prototype of their end-user reward system: for a limited period, trades on ANY supported marketplace can be eligible to get part of a $2M pool. These rewards will be based on a supply schedule - ⅓ upfront and ⅔ over 6 months.
1/ We’re thrilled to launch the first prototype of our end-user reward system: for a limited period, trades on ANY supported marketplace can be eligible to get part of a $2M pool. pic.twitter.com/Va6inCBDRk
— Immutable | $IMX ⓧ (@Immutable) June 2, 2022
GFX labs introduced Interest Protocols(IP)- next step in DeFi evolution
The Interest Protocol inherits strengths of MakerDAO , Aave and Compound Finance.IP provides over-collateralized loans to borrowers. These loans are denominated in USDi (IP's stablecoin). USDi can also be minted by depositing $USDC. USDi rebases to reflect accrued interest. All USDi earns interest, and all USDi can be redeemed for USDC.
An elaborate thread on the features of IP protocol has been released by GFX labs.
1/ Today GFX Labs is proud to introduce the world to Interest Protocol @InterestDeFi Interest Protocol (IP) is the next step in the evolution of DeFi. It inherits most of the strengths of @MakerDAO, @AaveAave, and @compoundfinance while removing weaknesses https://t.co/2Zxtuqx6bb
— GFX Labs (@labsGFX) June 1, 2022
Superfluid collaborated with Coinshift
Superfluid is the leading asset streaming protocol that enables Web3 native subscriptions, salaries, and rewards for DAOs and crypto-native businesses.Coinshift's native integration with Superfluid will enable users to create & manage streams directly from Coinshift's dashboard.
We are extremely excited to announce our partnership with @Superfluid_HQ for our upcoming V2 beta launch 🎉
— Coinshift - Join the V2 waitlist! (@0xCoinshift) June 1, 2022
Coinshift’s native integration with Superfluid will enable users to create & manage streams directly from Coinshift’s dashboard.https://t.co/ePdRlMJ8XJ
Syncing the EL client will take a few days- The Merge
As the merge of Ropsten testnet is approaching Tim Beiko , one of the core devs at Ethereum reminded validators that they need to have a _fully sync'ed_ EL client to run through The Merge. He also said that - " Unlike syncing the beacon chain, syncing the EL can take a few days, so you want to plan in advance (now's a great time!).
You can sync before updating, too!"
📣 PSA to stakers & beacon chain node runners 📣
— Tim Beiko | timbeiko.eth 🐼 (@TimBeiko) June 1, 2022
You need to have a _fully sync'ed_ EL client to run through The Merge. Unlike syncing the beacon chain, syncing the EL can take a few days, so you want to plan in advance (now's a great time!).
You can sync before updating, too! https://t.co/66jVqOpGeA
The Hitchhiker's Guide - a short thread
A few days back Delphi Digital released The Hitchhiker's Guide to Ethereum which covered various topics related to the Ethereum Ecosystem including Danksharding,Rollups scale computation while leveraging Ethereum's security, MEV etc. Bienvenido Rodriguez , Senior Protocol Specialist at Coinbase tried to comprise that hour-long read into a 15 minute readable and easily digestible thread . If you want to know more about the guide you can read the thread below, it includes all the reference links too.
For those of you who still have @Delphi_Digital's Hitchhiker's Guide to Ethereum open somewhere in your list of 100 tabs in your browser, this thread is for you! I try to distill it down from 1 hour to about 15 minutes. However, y'all should absolutely read it. 🧵👇
— Bienvenido Rodriguez (@0xb17z) June 1, 2022
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Grantee roundup May 2022- Ethereum Foundation
The Grantee Roundup is a series in which the EF tells about some recent milestones and achievements by grantees! In the recent edition they talked about
- Nimbus for Fluffy Portal Client and Portal Network Development
- Paul Miller for Ethereum-Cryptography Improvements
Read the full article here
May 2022 was a record month for ENS
ENS ( Ethereum Naming Service ) is a domain name service system for Ethereum . You might have seen "abc.eth" as names of various people , these are just a humanly understandable name of their wallet addresses (long alphanumeric combination of letters) which makes transfer of funds, NFTs , tokens really easy .
This month they have crossed some major milestones which are -
-
365k new .eth registrations (total ~1.36m names)
-
$9.6m in protocol revenue (all goes to the DAO)
-
3,900 ETH in fees (up 1,300 ETH from last month)
-
57K new eth accounts w/ at least 1 ENS name (total 439K)
-
10,500 ETH of OpenSea vol
May 2022 was a record month for ENS 🎉
— ens.eth (@ensdomains) June 1, 2022
- 365k new .eth registrations (total ~1.36m names)
- $9.6m in protocol revenue (all goes to the DAO)
- 3,900 ETH in fees (up 1,300 ETH from last month)
- 57K new eth accounts w/ at least 1 ENS name (total 439K)
- 10,500 ETH of OpenSea vol pic.twitter.com/wsPkVIpq68
Read more
Read more about Ethereum in previous Bulletins -Ethereum Bulletin
Related articles
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