Coinbase launched an Ethereum Layer 2 called Base using Optimism network’s open source stack. They will not be issuing a native token for the ecosystem – so don’t get fooled! ( Coindesk)
Ethereum developers have pushed back the Shanghai upgrade, including staked ETH withdrawals, to early April. ( Decrypt)
DeFi stablecoin issuer, Frax Finance, has opted to over-collateralize Frax in response to last year’s UST collapse and the resulting negative sentiment toward algorithmic stablecoins. ( Blockworks)
DeFi stablecoin issuer, MakerDAO, plans to enable their governance token (MKR) as collateral for their stablecoin (DAI) – drawing criticism for the parallels to last year’s UST collapse. ( The Defiant)
Robinhood released a self-custody web3 wallet app for iOS users. The wallet supports Ethereum and Polygon networks. ( The Block)
Uniswap Labs is also looking to enter the Web3 wallet game with their own self-custody crypto wallet. ( The Defiant)
Polygon launched a new web3 ID service built with zero-knowledge proofs. ( The Defiant)
BNB DeFi giant PancakeSwap is launching a new version of their protocol (V3) and burning 7 million CAKE tokens. ( Coindesk)
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