U.S. jobs data delayed by the government shutdown is due out this week. (Ernie Journeys/Unsplash modified by CoinDesk)
What to know:
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Convex Finance is voting to add new sfrxUSD yield strategies, including $10M for USDS/sUSDS, $3M for a USDf Curve pool, and $10M for short-maturity Pendle markets. Voting ends Nov. 16.
Extra Finance DAO is voting to set lending emission allocations for Epochs 123-126, with veEXTRA holders using weighted votes to distribute rewards among six eligible, high-TVL pools. Voting ends Nov. 17.
Usual DAO is voting on a major reform to cut max supply by 25% and future inflation by 50%, aiming to slash sell pressure by 85% by eliminating key lending and LP rewards. Voting ends Nov. 18.
CCMOON DAO is voting on establishing a legal non-profit LLC (CCIP-122) and authorizing officers to approve minor advertising partnerships that support MOON utility (CCIP-123). Voting ends Nov. 18.
Arbitrum DAO is voting to reduce L2 gas spikes by replacing its single, fast-reacting gas target with multiple, slower-adjusting ones. Voting ends Nov. 20.
ZKsync DAO is voting to upgrade the ZK token to ZKTokenV3, adding public and role-gated burn functions as a foundational step for the ZKnomics vision of linking protocol fees to token burns. Voting ends Nov. 20.
Unlocks
Nov. 19: YZY$0.3272 to unlock 12.5% of its circulating supply worth $49.44 million.
Nov. 20: ZRO$1.9356 to unlock 7.29% of its circulating supply worth $37.53 million.
Nov. 23: Soon (SOON) to unlock 4.33% of its circulating supply worth $30.42 million.
Crypto revenue fell 38% year over year to $221M, even as the company expanded token listings and crypto features across its platform.
What to know:
Robinhood’s fourth quarter earnings per share of $0.66 topped estimates for $0.63, but revenue of $1.28 billion fell shy of forecasts for $1.33 billion.
The crypto slump paid a large part in the miss, with crypto revenue falling 38% from a year earlier to $221 million.
Robinhood’s results mirror broader crypto-market weakness, which is also expected to weigh on rival Coinbase (COIN), and HOOD shares fell about 7% in post-market trading after the earnings release.