Stable Summit Recap + ETHCC Day 1
Thanks for reading the Tentacle by Leviathan News. We publish this newsletter daily, bringing you the best crypto, DeFi, and industry news and analysis. Subscribe now to get this sent to your email daily.
EthCC is kicking off this next week and we’ll be on the ground covering the week’s events. Over this weekend though Stable Summit hosted some of the biggest names in DeFi and Stablecoins to share their thoughts and analysis on crypto’s biggest current use case.
The headliner of the event was a debate between Mark Zeller of Aave and Paul Frambot of Morpho, duking it out over their respective lending market approaches. The topic of the debate was Stablecoin Governance: Immutability vs Upgradability. While the debate was “remarkably civil” it did pit the two biggest protocols on ETH at each other to debate. Marc Seller said it was “fun” and “Just use Aave.” We’ll be sharing the full video here once its published.
Curve Founder Michael Egorov gives his first public interview after being liquidated
In a Fireside chat led by DeFi Dave, Curve Founder Michael Egorov discussed his exchange, stablecoin and lending market in his first public interview after being liquidated. He said that Curve needs to “support the safety of the infrastructure used” at Curve with increased Vyper support, he also said that with massive liquidations, they obtained a lot of data on soft liquidation in “extreme conditions” to determine liquidity limits for LlamaLend.
Ethena’s Guy Young explains risks of USDe
If you haven’t dug into Ethena yet and want a great overview of its design and risks, watch this expansive presentation by Guy Young, Co-founder of Ethena Labs.
Growth of non-USD Stablecoins with Minteo
One of our favorite guests on the podcast for the past couple of months was Santiago Rodriguez from Minteo, he joined a panel of other non-USD Stablecoins to discuss their growth potential and their effect on local markets.
M^0 introduces M, a novel stablecoin
One of the issues with Stablecoins is that every time a new group, brand or company wants to launch one, they have to go through an onboarding and issuance process that can be expensive and time consuming. M^0’s new product M hopes to solve these problems by creating a new open-but-permissioned protocol for stablecoin issuance. Approved entities are able to use off chain eligible collateral, currently limited to short term treasuries, to mint M.
The idea is to create a permissions middleware layer for creating Stablecoins that can be opened up to a wide range of institutions and actors.
Tron to introduce gas-free stablecoin transfers later this year
Tron is the most widely used network for Stablecoins in the world, which is surprising as always considering the talent and market share Ethereum commands. Today he announced on X that Tron would soon be offering
Morpho Association voted to receive new
Morpho DAO has voted to give the Morpho Association 120m tokens, representing 12% of the total supply, in order to grow and develop the protocol further.