Avraham Eisenberg was one of the members of a group that drained $114 million from Mango Markets last week. He tweeted about being involved in the exploit but said that he believes all the actions of the group were legal. The group has returned $67 million to Mango Markets. Mango Markets' DAO will be voting on multiple proposals next week to figure out how to divvy up the returned funds.
Solana NFT market Magic Eden is moving to a royalty-optional model. It is currently running a promotion and waiving all platform fees. Magic Eden will put $1 million towards a fund to create better royalty enforcement tools. The platform says it was forced to move to a royalty-optional model as 60% of NFT traders are currently on royalty-optional platforms.
MetaMask has added instant bank-to-crypto transfers through automated clearing house settlement merchant Sardine. Sardine's instant ACH integration will allow users to buy crypto instantly with no settlement delays. Users will be limited to a maximum of $3,000 per day, $5,000 per week, or $25,000 per month. Sardine's payment system provides robust compliance and fraud prevention infrastructure.
Flashbots has been working on a new version of its technology for the past year. SUAVE (Single Unifying Auctions for Value Expression) will be a fully decentralized block builder that is EVM-compatible and supported across multiple chains. More details about SUAVE will be revealed next week. Flashbots recently open-sourced its MEV-boost code so that anyone can develop their own non-censoring relays.
GHO is a flexible and decentralized stablecoin by Aave that aims to solve the stablecoin trilemma. The stablecoin trilemma is when stablecoin issuers attempt to find an equilibrium between capital efficiency/scalability, peg/price stability, and decentralization. GHO aims to achieve a stable value through over-collateralization. It can only be minted or burned by Facilitators. GHO will accrue interest when supplied to a liquidity protocol with the interest rate determined by Aave governance. Many more details about the stablecoin are available in the thread.
This Twitter thread links to a tool that generates table definitions and SQLs from Ethereum contract addresses. It looks up the ABI (Application Binary Interface) and generates queries that can be run on BigQuery to create parsed tables for each event or function call on that contract. A screenshot of an example query is available in the thread.
51% of the blocks produced on the Ethereum blockchain on Friday followed the US Treasury Department's Office of Foreign Assets Control compliance recommendations. MEV-Boost relay providers pass MEV-optimized blocks from builders to the validators that propose them out to the wider network. Of the five MEV-Boost relay providers, only two of them provide non-censoring options. Validators should connect to non-censoring relays in order to avoid more censorship on Ethereum.
Uniswap will soon be deployed on zkSync. The proposal to deploy Uniswap on the privacy-focused layer 2 tool passed with almost 100% of all votes in favor of the move. Users will benefit from lower transaction fees without compromising on security. zkSync plans to launch its mainnet soon. The Uniswap deployment could occur in four to six weeks.
US Treasury Secretary Janet Yellen said that it is 'certainly worth' Congress developing a Central Bank Digital Currency during a conversation at the International Monetary Fund's annual meeting.
Coinbase CEO Brian Armstrong is selling 2% of his stake to fund research at NewLimit and Researchhub, two research-based companies co-founded by Armstrong himself.