Crypto Trends 17 August 2020

Crypto Trends

A summary of the crypto trends for the week.

ETH2 Testnet finality issue

An issue with Cloudflare impacted all Prysm nodes, and finality.

This reiterates why we need long running testnets and also why we need client diversity.

Yam migration

Yam is migrating after a defect couldn’t be resolved, this time with an audit funded from a $100k Gitcoin grant.

Yam launched last week, it was an elastic stable coin that periodically rebases the supply, and includes liquidity incentivization plus on-chain governance.

We want DeFi experiments but we also need to improve them, with increased testing and auditing, along with limits on the amount of money involved and emergency stops/exits. As ignoring warnings and amongst hype, some people will have lost money, potentially much more than they could afford.

Curve launch

A twitter user claims to have deployed the Curve contracts which the Curve team later adopted.

For detailed news see: Week in Ethereum News, EthHub, The daily GWEI and What’s New in Eth2

*Archive: Crypto Trends


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What is ETH supply?