This Week's Noteworthy Events (November 6th - November 12th)

Ether.fi to Go Live on November 6th with a Focus on Integrating with DeFi Protocols

The non-custodial liquidity staking platform, ether.fi, is planning to go live on the mainnet on November 6th. Users can pre-register to join the whitelist, and early eETH stakers will receive loyalty points. Once the re-staking service is launched, they will be eligible for higher staking rewards.

Additionally, ether.fi has stated that they plan to focus on integrating with DeFi protocols, and their ongoing partnerships include protocols like Balancer, Aura, Gravita Protocol, Maverick Protocol, Pendle, and more.

Fixed-Rate Lending Protocol Notional Finance to Launch V3 Version on November 6

The fixed-rate lending protocol, Notional Finance, announced on X platform that it will be launching its V3 version on Arbitrum on November 6th. They will also provide incentives of 2 million NOTE tokens to liquidity providers. Additionally, the V3 version will introduce support for cbETH, ARB, RDNT, and GMX as collateral options. After the launch of V3, more leverage vaults utilizing Balancer and Aura will be added.

Paradigm-Backed DAO Solution Utopia to Cease All Services on November 6

DAO solution provider Utopia has announced that it will cease all services on November 6th, and its product will be available for free until the end of this month. The project emphasized in the announcement that this action does not mean the company is shutting down but rather abandoning its existing product and direction.

Utopia provided payroll, expense, and operational management for DAOs, simplifying operations, payroll management, and integrating financial reporting. In June 2022, the project secured a $23 million funding round led by Paradigm, with participation from Circle Ventures, Coinbase Ventures, Infinity Ventures Crypto, Distributed Global, and others.

SSV Network's “Incentivized Mainnet Proposal” Voting Commences, Results Expected on November 7

The voting for the “Incentive Mainnet Plan” proposal by SSV Network has commenced on the Snapshot voting interface. Currently, the support rate is at 100%. The voting is scheduled to end on November 7th.

Reddit to Discontinue Blockchain-Based Community Points Program on November 8

Reddit will shut down its blockchain-based community points program on November 8th. Reddit stated that although the program presented some opportunities, it required too many resources to sustain. Additionally, changes in the regulatory environment have exacerbated the challenges. The team has already launched or is actively developing some more user-friendly products.

Public Blockchain Project Shardeum to Release Whitepaper on November 8th

WazirX co-founder Nischal Shetty announced on the X platform that the public chain project Shardeum's whitepaper will be released by the project's technical co-founder, Omar Syed, on November 8th.

Binance to Delist Several Leveraged Trading Pairs, Including ADA/BUSD and AVAX/BUSD, on November 9th

According to an official announcement, Binance Futures will delist the following trading pairs with both isolated margin and cross margin on November 9, 2023, at 14:00 (UTC+8): ADA/BUSD, AGIX/BUSD, APE/BUSD, AVAX/BUSD, BAKE/BUSD, BCH/BUSD, DOGE/BUSD, DOT/BUSD, FIL/BUSD, FRONT/BUSD, GALA/BUSD, LINK/BUSD, LTC/BUSD, LUNA/BUSD, LUNC/BUSD, MATIC/BUSD, OP/BUSD, RUNE/BUSD, SHIB/BUSD, TRB/BUSD, USTC/BUSD, XLM/BUSD, YGG/BUSD.

Binance Liquidity Mining to Remove AGIX/USDT, ALGO/USDT, and More Pools on November 10th

As per the official announcement, Binance Liquid Swap will delist the following liquidity pools on November 10, 2023, at 12:00 (UTC+8): AGIX/USDT, ALGO/USDT, ANT/USDT, BNB/USDC, CFX/USDT, DAR/USDT, ETC/USDT, FET/USDT, GAL/USDT, GRT/USDT, LDO/BTC, LDO/USDT, MAGIC/USDT, NEAR/USDT, NEO/ETH, OP/BTC, OP/USDT, SAND/USDT, SC/USDT, SUSHI/USDT, UNI/USDT, WRX/USDT.

If users hold positions in any of the above liquidity pools, the system will automatically return the assets to their spot wallets on November 10, 2023, at 12:00 (UTC+8).

Aptos to Unlock 20 Million APT Tokens on November 12th, Accounting for Over 8.5% of Circulating Supply

Token Unlocks data shows that Aptos will unlock 20 million APT tokens on November 12 at 00:00 UTC (08:00 Beijing time on November 12). At the current price, this is approximately $103 million worth of tokens. This represents over 8.5% of Aptos' circulating supply, and it will be the first unlock for the team and investors.