The Future of Ethereum UX: Chain Abstraction and Intents

Perpetual DAO has announced two significant governance updates: - The DAO's governance platform has migrated to Common.xyz, marking a new chapter in community decision-making - A new Treasury Management Framework proposal has been posted for community review and discussion The migration aims to streamline governance processes, while the treasury proposal focuses on optimizing asset management. **Key Actions Required:** - Review the welcome post at [Common.xyz](https://common.xyz/perpetual-dao/discussion/1272511--a-new-beginning-for-perp-governance) - Participate in treasury framework discussion at [Common.xyz](https://common.xyz/perpetual-dao/discussion/1272641-proposal-treasury-management-framework)

Nekocoin, a new cryptocurrency, has been officially launched. This development is linked to Nekodex, a decentralized trading protocol on Optimism. Key points: - Nekocoin is now available - It's associated with the Nekodex platform - Increased usage of Nekodex may lead to more Nekocoin rewards The launch of Nekocoin could potentially impact the DeFi ecosystem, particularly for users of the Nekodex protocol. However, as with all cryptocurrencies, users should approach with caution and conduct thorough research before engaging.

Nekodex has introduced a new Earn vault for ETH enthusiasts. This latest addition, part of their Earn series, offers: - One-tap yield generation for weETH - Pre-TGE deposits with Nekocoin rewards - Integration with Yearn's auto-renewing vault for yPT-weETH from Pendle This follows recent launches of: 1. A BTC-focused vault for yield during market volatility 2. A USDe vault leveraging Yearn and Pendle for optimized yields Users can access these vaults through the Nekodex app, potentially boosting their rewards.

Nekodex has launched spot trading before reintroducing perpetual futures. The decision stems from recent advancements in chain abstraction technology. Key points: - Spot trading now available on Nekodex - Perpetual futures powered by Perp v3 coming soon - Focus on leveraging chain abstraction capabilities The move aims to capitalize on the robust toolchain for account and chain abstraction developed by DeFi builders. Nekodex seeks to integrate these components into a comprehensive package, making chain abstraction a present reality rather than a distant goal. Users can explore the new spot trading features at https://app.nekodex.org/ Stay tuned for updates on the reintroduction of perpetual futures trading on Nekodex.

USDM, a stablecoin from Mountain Protocol, is making waves in the DeFi space. It's not just another digital asset pegged to the US dollar - it's powering the first Earn vault on Nekodex, a decentralized trading platform. n nKey points: n- USDM is utilized in Nekodex's Earn vault n- The vault is currently yielding a steady 5% n- This offering provides an accessible way for users to earn interest on stablecoins n nThe integration of USDM into Nekodex's ecosystem demonstrates the growing utility of stablecoins in DeFi applications. It offers users a potentially lower-risk option to earn yield compared to more volatile cryptocurrencies. n nAs always, users should conduct their own research and understand the risks involved before participating in any DeFi protocols or yield-generating strategies.