TLDR Crypto Daily Update 2022-09-05

Sudoswap airdrop πŸͺ‚, CoinMarketCap's State of DeFi πŸ’‘, Vitalik on current state of crypto πŸͺ™

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Markets & Business

LG Picks Lesser-Known Hedera Blockchain for Television NFTs (1 minute read)

LG is releasing an NFT marketplace called LG Art Lab on the Hedera Network. Television owners will be able to buy, sell, and showcase NFTs from their screens with the latest software update. Users can purchase assets using LG's mobile crypto wallet, Wallypto. LG Art Lab will only be available on LG TVs. LG has been on Hedera's Governing Council since 2020.

Automated NFT Market Maker Sudoswap to Release Its Governance Token via Airdrop (1 minute read)

Sudoswap is releasing its new governance token via an airdrop. XMON NFT holders will receive 41.9% of the total SUDO supply. 1.5% of the SUDO supply will be distributed to 0xmon NFT holders and another 1.5% will go to Sudoswap liquidity providers. The remaining 55.1% of tokens will be allocated across the treasury, founding team members, and SudoRandom labs. SUDO will initially be non-transferable to ensure there will be sufficient governance participation from SUDO holders.
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Innovation & Launches

GOAT swap is launching SudoSwap for Solana (1 minute read)

GOAT swap is an automated market maker for NFTs on Solana. The market allows users to set prices and trading fees. Users can create pools to automatically buy, sell, or trade NFTs. NFTs can be instantly sold to any pool with offers. The market enables sellers to make more money.

What’s Kujira, ORCA, and why should you care? (2 minute read)

Kujira launched ORCA on Terra in 2021. ORCA is a liquidations marketplace built to provide higher capital efficiency to Anchor liquidations. Kujira created its own blockchain with the Cosmos SDK after Terra's collapse. USK is an over-collateralized stablecoin by Kujira that will initially be backed by ATOM. Liquidation of collateralized set positions on USK will be orchestrated by ORCA in a seamless manner.
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Guides & Resources

CoinMarketCap and Spartan Labs: State of the DeFi Industry Report (51 minute read)

This report covers the current state of DeFi, lessons and progressions for DeFi to advance, and a brief history of the industry. The DeFi industry has grown to become a multi-billion dollar ecosystem. There was $247.96 billion in total value locked in DeFi at its peak in December 2021. While the total DeFi market cap and TVL is down significantly since its peak, DeFi is definitely not dead by any means.

A summary of projects on Arbitrum (2 minute read)

This Twitter thread provides a summary of 10 projects on the Arbitrum network. The projects are listed from high to low market cap. They include GMX, Synapse Protocol, Dopex, and Treasure.
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Miscellaneous

15 thoughts from a developer working 1.5 years in crypto/blockchain/web3 (3 minute read)

This Twitter thread contains a list of 15 thoughts about the crypto space. Topics discussed include NFTs, DeFi, stablecoins, web3 development, and mass adoption.

Interview: Vitalik Buterin, creator of Ethereum (22 minute read)

This article features an interview with Vitalik Buterin, the creator of Ethereum. The interview discusses proof-of-work vs. proof-of-stake, the recent crash in crypto markets, security, decentralized governance, startup societies, and more.

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Quick Links

Gm to merge split tokens! (1 minute read)

Merge split tokens allow people to lock up any ERC20 token and receive PoS and PoW proxy ERC20 tokens in return.

The Ethereum Protocol Fellowship (1 minute read)

The Ethereum Protocol Fellowship program is for anyone interested in diving deeply into core protocol research and development.

The distribution of SUDO, the governance token of the sudoAMM protocol (1 minute read)

This Twitter thread links to an article about SUDO, the yet-to-be-deployed governance token of the sudoAMM protocol.

Designer Drug Markets Get Boost From Crypto (11 minute read)

Designer drugs are freely available at online marketplaces and digital currencies help facilitate global trade.

β€˜Blocker Bug’ Delays Highly Anticipated Y00ts NFT Mint (2 minute read)

NFT project Y00ts has delayed its mint by an additional day due to a bug.

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