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TLDR Crypto

TLDR CRYPTO 2024-05-29

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01GENERAL

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02MARKETS & BUSINESS

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.io3 min read

03INNOVATION & LAUNCHES

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.com2 min read

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.domains3 min read

04GUIDES & TUTORIALS

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.com4 min read

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.com2 min read

05MISCELLANEOUS

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.com1 min read

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.com1 min read