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OUTPOSTS

#7-4-2026

Hi lyncra.eth,

šŸš€ Welcome back to another jam-packed edition of our web3 digest! We've taken a whole load of breaking news from across the decentralized universe and condensed it into this perfectly bitesized serving just for you. From blockchain breakthroughs to crypto market moves, we're serving up all the essential updates you need to stay ahead in the space. ⚔ šŸ’Ž Ready to dive into today's digital frontier? Let's explore the stories shaping our decentralized future, one block at a time. Whether you're here for the alpha, the insights, or just trying to keep up with the lightning-fast pace of web3 - we've got you covered! 🌟

This is the digest of lyncra.eth

This is the digest of lyncra.eth
This is the digest of lyncra.eth
DAO LogoFrax

Frax Distributes First Week of Rewards for frxUSD Usage Campaigns on EtherFi

News article

Frax has distributed the first week of rewards for two concurrent campaigns incentivizing frxUSD usage on EtherFi Cash throughout April.​

Campaign Details:

  • Hold & Transact: First 50 users earn $50 by maintaining a $500 average balance for 30 days and completing 10+ transactions
  • Weekly Top Spender: Highest frxUSD spender each week wins $500 (weeks start Thursdays at 0 UTC)

The campaigns aim to reward both new users getting started with frxUSD and existing users actively utilizing the stablecoin within the EtherFi ecosystem.​

DAO LogoLFJ (Joe)

LFJ Launches First Public PropAMM on Monad to Challenge CEX Dominance

News article

LFJ is building the first Public PropAMM on Monad, aiming to bring competitive execution to EVM traders who currently favor centralized exchanges.​

What are PropAMMs?

  • Oracle-driven pricing with sub-second quote updates
  • Spreads matching or beating most CEXs
  • Currently dominant on Solana but closed-source

Why Monad? Monad's sub-second finality and near-zero costs create the infrastructure needed for onchain price discovery on EVM chains.​

The Public Difference Unlike existing PropAMMs, POE will be:

  • Open for lending protocol integration
  • Accessible to retail LPs through structured vaults
  • Available for atomic arbitrage interactions

The thesis: tighter spreads attract more flow, which attracts more market makers, creating a compounding cycle that could shift retail trading from CEXs to onchain venues.​

DAO LogozkSync

šŸ¦ Five US Banks Launch Tokenized Deposit Network on ZKsync

Cari Network is building the first tokenized deposits network in the United States, developed alongside five regional banks: Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National.​ Together representing $600B in deposits, these institutions are leveraging ZKsync's Prividium technology to bring bank-issued digital deposits onchain.​

Key differences from stablecoins:

  • Tokenized deposits are direct bank liabilities, not synthetic assets
  • Integrated with core banking systems
  • Eligible for FDIC insurance
  • Operate within existing regulatory frameworks

What Prividium enables:

  • Private, enterprise-controlled blockchain infrastructure
  • Real-time settlement while maintaining compliance
  • Security anchored to Ethereum
  • 24/7 programmable money within banking regulations

The network aims to modernize deposit infrastructure for the $8.​3T held by regional banks, allowing them to compete in the digital assets economy while preserving privacy and regulatory safeguards.​

Read the full case study

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