Web3 needs to get serious about security (Sponsor)
Any transformative technology has growing pains, and web3 is no different. Vulnerabilities in decentralized systems and smart contracts can open the door to attackers who will exploit any weakness to steal cryptocurrency and wreak havoc. That’s why the best web3 developers protect their source code and smart contracts through 3rd-party security audits
If you’re looking for blockchain security experts to audit your software, contact Coinspect—a team of InfoSec professionals who have helped protect key technologies and services of the decentralized world by auditing, reporting vulnerabilities, and suggesting improvements. Request a customized security audit today.
Markets & Business
FTX Raising Money at $32B Valuation After Buying Crypto Firms (2 minute read)
FTX and FTX US are looking to raise a new round of capital. They are targeting the same valuation as its January round, when FTX raised $400 million at a $32 billion valuation and FTX US raised $400 million at an $8 billion valuation. CEO Sam Bankman-Fried has been trying to help the crypto market through loans and investments. However, some think his purchases are looking a bit like bargain hunting.
Innovation & Launches
Introducing Polygon #zkEVM, the first EVM-equivalent ZK L2 (2 minute read)
Polygon zkEVM is an EVM-equivalent zero-knowledge layer 2. It can run any smart contract or dev tool that can be used on Ethereum, but with the scaling power of ZK tech. Polygon zkEVM rolls up batches of transactions and uses a ZK proof to validate those transactions on Ethereum. The layer 2 provides high throughput, low latency, and low fees.
Guides & Resources
Want to maximize UniswapV3 LP yield? (2 minute read)
Revert Finance is the first ever UniV3 liquidity pool autocompounder. Users can simply deposit UniV3 LP tokens into Revert Finance and receive LP fees autocompounded into more LP tokens, resulting in higher yield. Revert Finance takes a 2% fee to cover gas costs. It features a UI that allows anyone to perform comprehensive analytical breakdowns of any UniV3 LP position. Any UniV3 LP on any chain can be autocompounded.
A new generation of decentralized initiatives is taking shape, and it’s already been dubbed DeFi 2.0 (3 minute read)
DeFi 2.0 will try to fix the problems seen in the first wave of DeFi. While DeFi was revolutionary and provided decentralized financial services to anyone with a crypto wallet, it had many weaknesses centered around liquidity, scalability, security, and centralization. DeFi 2.0 will feature insurance for impermanent loss, self-repaying loans, insurance-backed smart contracts, and a wider level of flexibility for staked assets. It will simplify the user experience, provide stronger incentives, align with updated regulations, and mitigate against the levels of uncertainty in web3 markets.
The Sudden Rise of EVM-Compatible ZK Rollups (6 minute read)
Announcements about Ethereum Virtual Machine-compatible zero-knowledge rollups came out from Polygon, Matter Labs, and Scroll this week. The technology promises lower fees, shorter delays, and more privacy. This article discusses Ethereum rollups, what zkEVMs are, and what they mean for the future of Ethereum. It also discusses Optimistic rollups and why they were only a band-aid solution.
Keep Up With Crypto in Just 5 Minutes
Kepp Up With
Crypto in Just 5 Minutes
Cut through the noise with our
daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem
Join 120,000 readers for one daily email