Liquid

A new LUSD-ETH-USDC silo is now live on Silo Arbitrum! Users can now, for the first time on @arbitrum, lend and borrow against their $LUSD. All while staying completely risk-isolated. This market is incentivized with 3,200 in $ARB until March, 29th. 👇

We're excited to be partnering with @circle to bring native $USDC to OP Mainnet, further enabling institutional on and off-ramps to and from Optimism. References to Ethereum-bridged USDC will be changed to USDC.e in order to distinguish it from native USDC.

🚨🚨🚨The SDNY yesterday threw out a class action complaint against @Uniswap alleging that they were responsible for plaintiffs being harmed in a rug pull engineered by scam token issuers. Risley v. Uniswap docdroid.net/APrJolt/risley… This is big. I'm still digesting the decision, but this more directly impacts the application of current securities laws to #DeFi than the Ripple or TerraForm Labs cases. And it seems we like what it says, because it agrees with positions #crypto has been taking for a while now. The non-legal punchline is that the judge found that the plaintiffs were hurt by the scam token issuers who leveraged Uniswap's core contracts and relays to issue their rug pull, and that the fact that Uniswap created the platform on which the scam token issuers perpetrated their scheme does NOT make Uniswap responsible for the fraud and resulting injury, and least under US securities laws. The court notably found that (i) the Uniswap platform was capable and indeed was being in many instances used lawfully; (ii) there were not transactions between the plaintiffs and the Uniswap platform/protocol lab; and (iii) current securities laws seemingly do not reach the liability of the defi protocol itself for the actions of people using it to defraud others. So ya, pretty important stuff. Crypto lawyers are going to have this case citation committed to memory before long. Let's see if plaintiffs appeal, which they have the right to do. This would be an important case for the Second Circuit to decide. Lots more to unpack here. Exciting stuff.

Digital Artifacts on Bitcoin This will be a sale through a Dutch auction. @trygamma

The @friendtech revolution is coming to Aerodrome. That means friend.tech keys wrapped as ERC-20s can be incentivized, traded and LPed on Aerodrome Day 1. And to get things started, we'll boost any Epoch 0 voting incentives with $AERO. Want to be listed? Reach out.