💡 Intro

Uniswap decided to join the party started by Polygon yesterday and announce their own major update: Uniswap v4.

This is the largest update in over 2 years (v3 was launched early 2021) making this important to note for traders & investors.

👉 The changes are mainly technical, but have the potential to spur innovation & cost optimizations across DeFi as a whole for users.

What Is Changing:

Hooks are added: Hooks are a new addition to Uniswap which are smart contracts that can be plugged into different pools.
- These can be used in many different ways by developers and might introduce entire new paradigms / apps.
Singletons are added: They’re single contracts that contain all of the pools deployed on v4.
- These may greatly reduce gas costs for swaps and pool deployments.

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For a developer / more technical breakdown of the changes introduced, checkout the thread below:

No date has been set for deployment of v4, as Uniswap has decided to take community feedback into account first. As always, we’ll keep you updated when they do announce a delivery estimate.

eToro Delists Crypto Assets Deemed Securities by SEC: Another trading platform has changed course after the SEC announcement with eToro removing ALGO, MANA, DASH, and MATIC for US customers.

eToro is no small platform, with over 30M registered users (overall, not directly on its crypto platform).

As mentioned before, more updates around bigger trading tools & platforms will likely keep coming out following the SEC turmoil. Either way, we’ll keep you all updated!

Ironforge / $2.6M— Ironforge, a Solana-based serverless development platform, secured $2.6 million in a pre-seed funding round. Reciprocal Ventures led the investment, with notable participation from Hash3, 6th Man Ventures, Alchemy, Monoceros, and Portage Ventures. — FinSMEs
Maverick Protocol / $9M— Maverick Protocol, a DeFi infrastructure provider, raised $9 million in funding from prominent players in the crypto industry. Founders Fund, led by Peter Thiel, spearheaded the round, with participation from Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto. — Business Insider
LightningWorks / $2.5M—LightningWorks, a company merging comic books with interactive games and NFTs, revealed that founder Geoff McCabe has invested $2.5 million USD in seed funding to bring his vision to life. — FinSMEs

👉 Brought to You by Cryptosteel: the premier backup tool for your cryptographic private key or seedphrase.

The Cryptosteel Capsule is a pocket-sized stainless steel device designed to securely store keys or seedphrases (its a physical set of steel letters)

Ord.io

"Explore Bitcoin like never before."

Type of Product: Ordinals Explorer

Purpose of Tool: Ord.io is a Bitcoin explorer that allows users to explore, search, browse and vote on ordinal inscriptions in a new way. It features integrations with Xverse, Unisat Wallet and Hiro Wallet that enable users to verify their Bitcoin PFPs, set display names, write bios and add social links as well as flex their collection of ordinals. All content from Ord.io is sourced from Bitcoin L1 only.

Satributes Dropdown: This feature allows users to search for rare/old satoshis within their collection so they can check if they hold any ordinal inscriptions on them.
BIP-322 Message Signature Integration: This integration enables users to verify their Bitcoin PFPs, set display names, write bios and add social links all powered by BIP-322 message signature integrations with Xverse, Unisat Wallet and Hiro Wallet.
Bitcoin L1 Only Content: To ensure trustworthiness and reliability of its content, Ord.io sources strictly from Bitcoin L1 only - no other external sources or networks are used at all!

New Update: Recursive Inscriptions: The latest update from Ord.io introduces Recursive Inscriptions, which enables files to request content from other inscriptions using their unique id. sers can now easily reference several inscribed assets such as photos and SVG files by simply calling upon their inscription id.

Link to product | Link to TFC listing

Bizzllet

“Managing crypto operations shouldn’t be that hard"

Type of Product: Business Wallet

Purpose of Tool: Bizzllet is a self-custody business wallet that helps manage day-to-day crypto operations. It provides users the ability to store, manage, and move their crypto with no need for complex procedures or KYC.

Bizzllet also enables users to use Multi-Party Computation (MPC) to split keys in two, while keeping one part safe with them and the other part secure with Bizzllet.

Manage Different Tokens from One Place: By not requiring multiple wallets for various cryptocurrencies, users can do everything from one place while keeping their assets truly theirs.
Budget Guardian: Payment rules can be set by assigning payment limitations to teammates and allocating budget across teams for quicker approvals without waiting time delays.
Seamless Onboarding: Making an account is easy as it requires no KYC or complex procedures; simply write your name, email address and password or sign up via Google/Microsoft account then verify via email with two factor authentication setup on the app itself.

Team / Funding / Backers / Other Info: Attending this year’s Blocksplit conference, Bizzllet has emerged as one of the winners, securing the 2nd prize in the Pitching Contest, showcasing its innovative approach towards digital payments. Bizzllet is currently offering early access to its services, allowing users to avail themselves of a three-month free trial period.

Link to product | Link to TFC listing

Swell

“Liquid staking made simple"

Type of Product: Staking

Purpose of Tool: Swell is a liquid staking protocol that provides users with the world's best liquid staking experience. It seeks to simplify access to DeFi, while ensuring the security of Ethereum for future generations.

Through its platform, users can earn passive income by staking ETH and then receive a yield bearing LST token in return. This allows them to participate in the wider DeFi ecosystem and gain additional yield.

Higher yields – Swell enables users to access both staking yields and DeFi opportunities from one single interface. By simply staking their ETH, withdrawing swETH, and depositing it into vaults running proven yield-boosting strategies, they can maximize their returns.
Lower fees – The average ETH APY sits at around 4%, leaving little room for further fees from the provider side. With Swell there are no protocol staking fees, making it one of the most cost-efficient options in terms of costs.
No minimum stake – Swell enables anyone to start earning rewards with only a few dollars worth of ETH.
Full self-custody – Swell enables users to keep their own control over assets while still being able to reward themselves with crypto-based rewards without compromising safety/security at any time during use.

Team / Funding / Backers / Other Info: On June 7th, 2023, Swell announced a bonus airdrop for Voyage! Until June 22nd at 02:00 UTC, users who mint swETH through the Swell app will be rewarded with 20 pearls per 1 swETH. With over 22,100 ETH now staked with Swell, the size of the Voyage airdrop increased by 40%, making all holder’s pearls more valuable.

Link to product | Link to TFC listing

Informal Systems

“Bringing trade finance on-chain"

Type of Product: Verifiable Distributed Systems

Purpose of Tool: Informal Systems is a distributed organization and verifiable system that focuses on improving the standards of three key institutions: software, money, and organizations. It strives to make software more reliable and secure through validator nodes, IBC relayers, security audits, protocol design, and formal methods.

Verifiable distributed systems & organizations - Aims to transform the quality standards of software, money, and organizations.
Secure network & align incentives - Offers reliable nodes as well as interchain services in the Cosmos ecosystem for additional security
Security audits & protocol design - Provides security audits and protocol designs to ensure safety of software products.
Formal methods - Makes formal methods easier with Quint Informal System's new specification language designed for ease-of-use.
Collaborative Finance - Reduces debt by clearing debts collaboratively; optimizes liquidity in the process.

Team / Funding / Backers / Other Info: On June 9, 2023, Informal Systems was able to secure $5.3 million in a financing round that saw CMCC Global take the lead role as investors. Nascent and Maven 11 also participated, with additional contributions coming from angel investors associated with Celestia and EigenLayer.

Informal Systems was created by Ethan Buchman (CEO), Arianne Flemming (COO) and Zarko Milosevic (CTO) who have been previously involved in the Cosmos project.

Link to product | Link to TFC listing

Solana | Communications Manager | Link to position
OKX | Data Analyst - Trading Team | Link to position
Illuvium | QA Web Tester | Link to position
Evmos | Software Engineer, Full Stack | Link to position
Chainflip Labs | Senior Full Stack Engineer for Web3 |Link to position
Paxos | Product Manager – Tokenization | Link to position
LayerZero | Business Development Representative - Defi | Link to position
Chiliz | Twitter Specialist | Link to position

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Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!

⚡ Uniswap Launching v4, eToro Removes Tokens, Ordinals Explorer, and More!