March 5, 2021: EIP-1559 Approved for July London Hard Fork 🇬🇧🍴

Plus Miscellaneous Notes from DeFi

On a public conference call this morning, Ethereum core developers approved EIP-1559 among other considerations to be included in the London hard fork scheduled for July:

Anthony Sassano | sassal.eth 🏴 @sassal0x

EIP-1559 has been accepted into the London hard fork for Ethereum which is tentatively scheduled for deployment in July of 2021.

This will include a difficulty bomb.

Tim Beiko | timbeiko.eth @TimBeiko

We're in agreement about 1559 and a difficulty bomb pushback going into London 🔥🎉

If you’re not familiar, here is a useful video breakdown on why EIP-1559 is expected to be a major deal.

Bankless 🏴 @BanklessHQ

Let’s talk about why EIP-1559 is important to Ethereum as it relates to fees, rewards, and issuance

youtu.beEthereum ETH Fees at ATH’s, Miners making $$$, WHAT ABOUT EIP 1559?🚀 SUBSCRIBE TO NEWSLETTER: http://bankless.substack.com/✊ STARTING GUIDE BANKLESS: https://bit.ly/37Q17uI🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq...

Observers have been closely following the proposal’s effect on the market.

DCinvestor | Aftab @iamDCinvestor

has the $ETH market priced in the possibility that EIP-1559 (i.e., fee burning) may be included in the #Ethereum Berlin hard fork (planned for July)?

0xNick ♢🐬 @0xEther

EIP-1559 will be included in July's hard fork. So either deflationary/low inflation $ETH has always been priced in or the 500 viewers on the call haven't shared the information perfectly. I wonder... 🤔

Miners, who have enjoyed a bumper 2021, are 61% opposed to the proposal

honkasalo @mhonkasalo

61% of Ethereum’s hash rate has declared against EIP-1559 & only 14% actively for it. (credit: @etherscan)

Is an ETH Cash hard fork looming?

∞ CO฿IE @CryptoCobain

EIP 1559 agreed by ETH core and miners opposing. It is so hype. I hope so badly we hard fork and miners try to prop up the price of Ethereum Cash so I can sell them all of my ETHC before they capitulate back to main chain. PLEASE MINERS, DO GODS WORK

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DeFi Roundup

Elsewhere around the ecosystem, anybody still in Charlie’s v1 Factory should get out before they’re turned into an oompa-loompa:

Curve Finance @CurveFinance

🚨 Our deprecated pool factory v1 at crv.finance is affected by a recently discovered bug. Anyone in v1 factory pools - immediately withdraw funds using crv.finance. Pools on Curve.fi and v2 factory pools are unaffected and funds are safe

A previous merger between Yearn and Cover has been called off:

yearn.finance @iearnfinance

We have decided to end the previously announced merger process of Yearn and Cover. Both protocols will continue to operate independently. yVault depositors who have previously purchased Cover protection are unaffected by this.

Meanwhile Lido flirts with Terra integration:

Lido @LidoFinance

The Lido DAO is exploring the possibility of launching liquid staking on Terra. @terra_money

Terra 🌍 powered by Luna 🌕 @terra_money

Liquid staking by @LidoFinance on Terra? Yes please. If you're interested in becoming one of the original whitelisted node operators, please submit an application in the form below. Submissions need to be completed before 23:59 UTC, Mar 07, 2020. docs.google.com/forms/d/e/1FAI…

Lido @LidoFinance

The Lido DAO is exploring the possibility of launching liquid staking on Terra. @terra_money

Synthetix upgrades its interface to allow the ability to compare Synth holdings to the total debt in the system:

Synthetix ⚔️ @synthetix_io

1/ Here's another product release, showcasing some of the key features our frontend Core Contributors have pushed.

blog.synthetix.ioVanadinite product releaseWhat the Core Contributors have been adding across the Synthetix interfaces

ANKR releases staking on Binance Smart Chain:

Ankr @ankr

Our second newsletter is live on Substack! Make sure you are subscribed for bi-weekly updates about Ankr! ankrweb3.substack.com/p/1a024884-180… #DeFi #Staking #BinanceSmartChain #BakerySwap $fETH $aETh

ankrweb3.substack.comAnkr updates: Eth2 futures, ETH staking for BSCDear all, Welcome to Ankr’s bi-weekly update! As usual, we keep you posted with the latest news and additions to Ankr ecosystem. ETH staking for Binance Smart Chain is now live on Ankr On March 1st we released our liquid Eth2 staking protocol for Binance Smart Chain (BSC).

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