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THENA, the trading and business development hub of BNB Chain, has announced its V3,3 upgrade set to go live on May 22, as per the reports shared with Finbold on Wednesday, May 21. With the upgrade, THENA hopes to redefine liquidity management and governance across decentralized finance (DeFi) and realizes its vision of a self-optimized, modular ecosystem. To prepare for the transition, THENA has prepared an official guide and released an Open Beta version of the new interface.  Voting on V3,3 gauges begins on May 21, with emissions fully migrating to the new system by May 29 (at which point rewards on legacy pools will also end). THENA V3,3 Plugins At the heart of THENA’s V3,3 upgrade are the so-called Plugins, i.e., composable smart contract modules that let liquidity pools dynamically adapt their behavior. As such, the Plugins are similar to Uniswap v4’s Hooks, although they are designed to meet the needs of the BNB Chain ecosystem specifically. ...

Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade. MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5. Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade . The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines. MATIC outlook as Polygon eyes Etrog upgrade Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet.  As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup. ...

A recent Binance report details the status of Ethereum staking and explores why the Shanghai upgrade may not result in the ETH sell pressure some traders have predicted. The upcoming Ethereum (ETH) Shanghai hardfork is slated to occur in March 2023 and the upgrade will cap off the network's move to proof-of-stake (PoS) which started during the “Merge” on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether will gradually become liquid for the first time since December 2020.  According to on-chain Etherscan data, over 16.6 million Ether are currently locked in the PoS staking protocol which was valued at $28 billion on Feb. 16, 2023. Ethereum’s move from proof-of-work (PoW) to PoS has started to achieve the original goal which was to make Ether’s supply deflationary. In the 154-days since the merge, over 24,800 Ether have been burned to make the token 0.05% deflationary on a yearly basis. Key Ether stats since the Merge. Source: ultra sound money On. Feb. 16, th...