DeFi
Aave Labs launched Horizon to drive institutional DeFi adoption through RWA, starting with a product that lets institutions use tokenized money market funds as collateral to access GHO liquidity
Some see it as future Horizon token Aave dilution.
Aave won’t abandon AAVE
Proposed by management firm Gauntlet in January, Compound has now launched a new series of vaults on Morpho to acquire market share from Aave. Incentivized with 1.5M COMP and POL each ($3M)
Solana SIMD-228 proposal to cut SOL inflation up to 80% failed in massive voter turnout
Zksync Defi Steering Committee sunsets Ignite Program due to current market conditions to focus on Elastic Network
Off chain labs to add ARB to its treasury through a strategic ARB buyback overtime
Balancer v3 plans expansion to Avalanche
Starknet plans to settle on both Bitcoin and Ethereum and unite them, aiming for full decentralization by 2026 (Stage 2).
StarkWare will also create BTC and ETH reserves.
Sony Soneium partnered with Asian messaging giant Line to bring Soneium mini apps onchain starting with 4 games
Union foundation’s Union Grants Program l announce awards to three of the earliest projects building on Union: EscherFi, Flutonio and Dextr Exchange.
Blackrock’s BUIDL institutional onchain fund crossed $1B in assets under management, making it the first institutional-grade onchain fund to cross that milestone
State of the Market
Canada to suspend 25% electricity tariff on USA
Also, Canada will sell US bonds, size undisclosed. Canada will borrow US dollars thereby depreciating the $CAD
SEC delays SOL, LTC, DOGE, XRP filings to extends them next decision on approval will be on or before April 4th 2025.
This probably comes due to SEC receiving backlash for its very pro crypto stance recently unlike its precedent and also, they haven’t elected a chair yet
South Korea to release institutional crypto investment guideline in Q3
Ze end 🐍