Catch Up With Common: 🤩 New product updates and crypto news
Where we recap all things Crypto, Common, and Community
We just released v1.6.0 of Common! This update includes a fixed onboarding flow, weighted voting UI components, and community staking enabled on new networks.
Read the full release here.
Crypto news of the week 🚀
Ethena Labs is launching a stablecoin, UStb, backed by Blackrock. UStb is built to offer a dependable option in the stablecoin market, backed by U.S. dollar investments, short-term Treasury bills, and repurchase agreements.
Franklin Templeton is launching a mutual fund on Solana. The fund will capitalize on Solana's fast, low-cost transactions, with hopes to enhance security and democratize access to financial products.
Activity on Base is hitting all-time highs, and they just broke the $2 bil total value locked (TVL) mark. Since the mainnet launch in July, there’s the TVL has increased by $849 mil. This is a sign of higher investor confidence and interest for Base.
Common community updates 🤝
A new proposal from the Stride community suggests updating Stride's tokenomics by using 85% of the protocol fees to buy back and burn STRD tokens.
Juno’s new proposal is about 1-for-100 reverse token split for its native $JUNO token, aiming to consolidate the circulating supply, increase the token price, and potentially enhance market appeal and network confidence.
In the Injective community, there’s a proposal to request funding support to implement Apello. Apello is a free, open-source toolkit that streamlines NFT management across Cosmos chains.
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