The Daily Index — Wednesday, May 29, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

EU THREATENS TO REGULATE MEV AS ‘MARKET ABUSE'

A draft of the EU's Markets in Crypto Assets (MiCA) regulations describes MEV as a type of market abuse as it allows a validator to front-run transactions to make a profit. If passed, EU-based crypto organizations would be required to detect and report MEV. Two weeks ago, the U.S. Department of Justice appeared to distinguish between acceptable MEV and market abuse in an indictment over MEV bot fraud.

thedefiant.io · 3 min

TLDR Crypto

MAPLE FINANCE UNVEILS SYRUP YIELD PLATFORM

Maple Finance has introduced a new DeFi platform called Syrup that offers a 15% yield on USDC deposits. Maple is also introducing a rewards token called SYRUP that aims to improve yield by supplying additional "Drips" for loyalty. Maple's goal is to merge institutional-grade yields with DeFi to make these yields more accessible.

coindesk.com · 2 min

TLDR Crypto

INTRODUCING THE ENS L2

ENS Labs is proposing expanding to a Layer 2 network and renaming itself ENSv2. This proposal promises to further decentralize and enhance ENS' utility and flexibility beyond Ethereum mainnet's limitations. ENSv2 will reduce gas costs, increase transaction speeds, and introduce a hierarchical registry for .eth names, offering more customization and better multi-chain interoperability.

blog.ens.domains · 3 min

TLDR Crypto

ZERO KNOWLEDGE VS. OPTIMISTIC ROLLUPS

This discussion explains the evolution of L2 solutions, emphasizing zkSync's approach, which uses zk proofs for scalability and security. It contrasts zkSync's potential with the limitations of optimistic rollups, arguing that zkSync's ability to provide seamless, trustless interactions between different systems makes it superior for scaling horizontally without compromises.

threadreaderapp.com · 4 min

TLDR Crypto

ADVICE FOR BUILDERS SEEKING GRANTS

There are various types of grants, each aiming for a unique objective, and builders should know the difference. Each grant provider has a need they want to fulfill, such as the Ethereum Foundation's focus on public goods or an L2 emphasizing ecosystem growth. When writing the grant, explain the ‘why' behind your need for money, make it easy for the reviewer, showcase value, and get feedback.

threadreaderapp.com · 2 min

TLDR Crypto

MODULAR THESIS COMEBACK

Despite recent negative sentiment, the Celestia ecosystem is gaining renewed momentum, with significant incoming developments including high-profile project launches, the implementation of ZK accounts for secure bridging, and growing adoption among Ethereum and Bitcoin L2s all signaling a strong comeback for the modular thesis.

threadreaderapp.com · 1 min

TLDR Crypto

HIGH FDV IS NOT INHERENTLY BAD

High Fully Diluted Valuation (FDV) is criticized in crypto projects when they launch to retail investors at prices significantly higher than those offered in private rounds, often leading to dissatisfaction and sell-offs. CoinList contrasts this by offering retail investors terms comparable to or better than those available to VCs, resulting in lower premiums and potentially more stable post-launch performance, exemplifying a more equitable approach for retail investors in token launches.

threadreaderapp.com · 1 min

TLDR Crypto

MT.GOX MOVES AT LEAST $2.9B IN BITCOIN FOR FIRST TIME IN 5 YEARS

Mt. Gox, a defunct bitcoin exchange, has transferred at least 42,830 BTC valued at approximately $2.9 billion to an unknown address, marking its first asset movement in five years.

theblock.co · 2 min

TLDR Crypto

GRAYSCALE ETH ETF COULD LOSE ~110M DAILY IN FIRST MONTH

Grayscale's new Ethereum ETF might see large outflows (~$110 million daily in its first month) if its Ethereum ETF mimics its Bitcoin ETF's performance.

cointelegraph.com · 2 min

TLDR Crypto

AAVE TO LAUNCH OWN BLOCKCHAIN AFTER V4 UPGRADE

Aave Founder Stani Kulechov hinted at the launch of the Aave Network, a new Layer 2, after the launch of Aave V4.

thedefiant.io · 1 min

TLDR Crypto

ARGENTINA'S CRYPTO FOUNDERS BAND TOGETHER TO BUILD BLOCKCHAIN VALLEY IN BUENOS AIRES

Argentina's grassroots crypto community, led by prominent local figures, is collaborating to establish a "Blockchain Valley" in Buenos Aires, leveraging President Javier Milei's pro-cryptocurrency stance.

thedefiant.io · 7 min