EthHub Weekly: ConsenSys layoffs 14%
By Anthony Sassano (
By Anthony Sassano (@sassal0x) and Eric Conner (@econoar)plan
More DeFi bugs
Hegic was probably the fastest DeFi project from launch to critical bug, as both of these things happened within a few days of last week! The downside is that this new DeFi protocol that allows you to trade options (called Hegic), deployed their contract to mainnet, received a lot of hype and some capital inflows, and then found a critical bug that resulted in freezing their contract funds in. Now, because of this loophole, their contract is forever locked at $28,000 (although the team will pay for the damage). We’ll discuss this further on the EthHub Weekly Recap podcast, where we’ll be live (video!) for the first time this week. You can find it on Twitter and on Monday around 3pmYouTubeCheck the time in your time zone on .
Linda Xie tidycreated a spreadsheet where those who were laid off or simply had a downtime between two jobs could add their names. Are you looking for a job? go put your namewrite down. Do you want to recruit? CheckworksheetList of names on!
One last thing - last week I reached out to Rafael at Glassnode to get a new metric on their data platform. What are indicators? How many Ethereum wallets contain 32 ETH or more. Well, the number ismore than 116000! When eth2 phase 0 goes live later this year, there seems to be a lot of addresses ready :)
news of the week
news of the week
ConsenSys lays off 14% of staff due to outbreak
The Brooklyn, New York-based firm known for incubating ethereum projects is cutting more than 90 jobs, a spokesperson confirmed.
"The global COVID-19 pandemic has had a profound impact on world health and life". "ConsenSys has carefully analyzed the relationship of its business to what is happening globally. Like most of its peers, the company has seen uncertainty in the market, with companies rebalancing priorities and reassessing timelines."
This move follows theannounced in februaryThe round of layoffs came at a company meeting on Monday. The layoffs also reduced the company's workforce by about 14%, the company said at the time. The data shows that ConsenSys may have fewer than 850 employees at the beginning of this year, and now only retains more than 550 people.
"All key operational aspects of the business have been preserved to ensure the development and servicing of key products and solutions," the company said in a statement.
Affected employees will receive two months of severance pay and career transition services, ConsenSys said.
Hackers who previously attacked dForce return all $25 million
According to the data blockchain visible on Ethereum, starting at 6:00 UTC on Tuesday, multiple transactions were changed fromLendf.Me Hack" address launches toLendf.MeThe project's administrative address.
EthereumEthereum, the native cryptocurrency of the ethereum blockchain, was worth around $10 million at press time.
Other transactions involved various USD-pegged stablecoins such as USDT, BUSD, TUSD, DAI, USDC, HUSD, and PAX, totaling nearly $10 million.
bitcoinbitcoinpegged as underlying collateral). At Bitcoin's current price, the combined value of those two figures is about $4 million.
project update
project update
Eth 2.0 Dev Update #48 - Prysmatic Labs
An overview of the Topaz eth2 testnet, general code and updates, upcoming work, and more.
ConsenSys publishes new Eth2 page
There is an Ethereum 2.0 FAQ, a link to Codefi Activate (the eth2 staking service), and a link to subscribe to the Eth2 newsletter.
Ethereum Lockup Profit Calculator Released
EthereumPrice.org released their own eth2 staking return calculator on which you can calculate your own return, which is related to multiple factors. (time, amount, etc.)
Testnet updates, including an overview of the state of interoperability between the eth2 Lighthouse client and other clients.
The first Compound governance agreement
A proposal to add USDT to Compound will be the first to pass Compound's new governance process.
DAppNode is more decentralized
The new version of DAppNode brings optionality to users, reducing the dependencies required to work
This code is the first general-purpose recursive implementation for pairing-based SNARKs on a single curve. Using this code, AZTEC can effectively verify a SNARKs inside another SNARKs!
GnosisFunding the Corona Information Marketplace
Gnosis is funding and supporting the public non-profit Corona Information Marketplace, a decentralized prediction market platform designed to uncover critical information about the novel coronavirus. They provided a subsidy of $50,000 and established 50 information marketplaces covering different aspects of the new crown epidemic.
Futureswap Alpha version launched
herehere。
dYdX Releases BTC/USDC Perpetual Contract Market
dYdX is launching a perpetual contract market that allows trading of any non-Ethereum asset. The first market to go public entered secret alpha this week: BTC-USDC with up to 10x leverage.
Introduce Coinbase's oracle machine
This week, Coinbase released a price oracle, a signed price feed that anyone can publish on Ethereum, where it can be used across various applications and protocols.
MetaClan is a crypto-native esports clan aiming to inspire the future of gaming. This week, they launched their official DAO, which will serve as a fund for the onchain treasury to collect tributes, loot, and similar proposals.
UMA's first Uniswap offering begins
The UMA project token ($UMA) will be listed on Uniswap on Wednesday, April 29 at approximately 15:00 UTC.
Pods allow PoolTogether players to link their tickets together. If any ticket in the pods wins, the prize is divided proportionally.
Ethereum Meetup Support Plan Announced
This new initiative will allow our passionate community of meeting organizers and members to make a difference in Ethereum's mission.
The DeFi SDK is an open-source smart contract system that makes it easier to integrate protocols. you canit's here. view it
You can now use the Dharma app to send dollars to any Twitter account, no matter where the person lives - even if they don't have a Dharma account.
3ID Connect is the most complete and secure way for applications to authenticate user-controlled 3Box accounts and data stores.
community focus member
This week we will focus onPaul Razvan BergGreat job!
Paul is the founder of Sablier, a real-time financial (streaming payment) protocol on Ethereum. Paul previously worked as a blockchain engineer at AZTEC Protocol and held various software engineering roles before that.
funny tweet
funny tweet
other things in the ecosystem
blog post
Constant Function Market Makers: DeFi's "Zero to One" Innovation
video
Day 1 of EY Global Blockchain Summit (the next day and third day)
podcast
Discussed TokenSets, Set protocol & future transactions of cryptocurrencies with Felix Feng
Chat with Rune Christensen about the foundations and future of MakerDAO
miscellaneous
Meme of the Week weekly culture gene
