Biweekly, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.  

dYdX, the preeminent options trading platform in DeFi, is leaving Ethereum in favor of building their own chain with the Cosmos SDK. (The DeFiant

The Three Arrows Capital contagion in DeFi continues to spread as lenders like Celsius and Voyager announce impact from the fallout. Earlier this week, Voyager issued a notice of default to 3AC for failure to repay $670 million in loans. (The Block

In NFT news, Uniswap Labs acquired marketplace aggregator, and announced plans to include NFT optionality into the DEX. (Bankless

Conditional listing is live on LooksRare marketplace, allowing users to create rules for their listings including who can buy and “if, then” commands. (Twitter

Euler Finance has just decentralized into EulerDAO. (Euler’s Medium

On the tails of the $OP launch, the other popular Ethereum L2 is looking to prepare to launch their own DAO. The Arbitrum Odyssey incentivizes users to engage with the Arbitrum chain and to bridge assets over. (Arbitrum’s Twitter

Oh, and Solana is releasing a mobile phone. (The Verge