Biweekly update on Ethereum DeFi ecosystem vol.6, 27th May - 10th June
DeFi is back to $1B, OMG Network launches, Loopring Pay is live, DeversiFi releases new privacy DEX, Raiden v1 is live, mStable unleashes mUSD, Ren launches RenVM, 1inch introduces Chi ...
TL;DR
-OMG Network V1 public mainnet beta now live. This new public beta is a fully trustless, low cost, high throughput way to transfer value at the same level of security as Ethereum.
-Loopring’s zkRollup now supports not just trading, but transfers as well. You can send ETH and ERC20 tokens instantly, for free, and with the same 100% Ethereum security guarantees Loopring always upholds.
-Aave integrates Uniswap LP tokens: the growing lending protocol now allows users to borrow a range of assets with UNI LP tokens.
-The Raiden Network Alderaan release went live on the Ethereum mainnet. It is the first full suite version of Raiden and it introduces a bunch of exciting new features including monitoring services, pathfinding services and mediation fees, compared to the Red Eyes release.
-Compound releases details on COMP distribution. In the latest blog post Robert from Compound goes over how their new governance system will work. The gist of it is that all users and applications built on Compound will continuously, and automatically receive COMP tokens to shape the future of the protocol.
-Ren Protocol launches RenVM. The mainnet launch brings a novel, trustless solution for users to mint BTC, BCH, and ZEC on Ethereum.
-mStable goes live with a new protocol for stablecoin aggregation, including a native stablecoin mUSD and a governance token MTA.
-The synthetixDAO is funding a four-week trial to incentivise a new SNX/USDC 90/10 liquidity pool on Balancer. Moreover, the Altair release is now complete, the system is back up and all tokens are transferrable once more.
-Maker adds TUSD and USDC-B (a second set of collateralization parameters for USDC aimed at emergency situations).
-Over the last two months, the Dharma team has collaborated closely with Interstate on developing a practical layer-two system for scaling peer-to-peer payments on Ethereum. Last week, they open-sourced Tiramisu — their implementation of this system. Furthermore, Dharma users can natively buy and sell ETH from their Dharma balance.
-The 1inch team has launched Chi, a next-generation Gastoken that allows users to significantly save on gas.
-ConsenSys starts compliance service for tokens.
-DeFi governance is heating up: both Curve and pTokens released details earlier surrounding native governance tokens.
-Formatic — a rising smart wallet — has just announced a rebrand to Magic in tandem with the closing of a $4M seed round.
-Bancor announces V0.6 protocol upgrade In preparation for Bancor V2.
-0x teamed up with Dune Analytics. 0x Developer Update — June 2020 with new technical developments from the 0x team and ecosystem is out.
-UMA released its documentation on Liquidation and Dispute bots: learn how to run and maintain them, make a profit, and keep the UMA system running smoothly.
-Rocket Pool 2.5 announced. Major features include the introduction of tokenized staking deposits, continuous staking, extra deposit safety and updated RPL tokenomics.
-Spot Markets are now live on dYdX. Also, the dYdX team featured on Into the Ether podcast.
-Nexus Mutual released details for the wider vision of the mutual and how it can scale into a “super-efficient Lloyds of London” in less than 12 months.
-DeFi777 introduced. It simplifies existing DeFi systems by turning common DeFi actions into simple token transfers. The goal is to be able to take advantage of these protocols from any crypto wallet, without requiring Dapp browsers like Metamask.
-Pool Pipes, a feature released by the ZapperFi team that aims to help reduce liquidity fragmentation throughout DeFi, introduced.
-The Graph announced an integration with Chainlink. The integration will allow indexed data from The Graph’s APIs, called subgraphs, to be relayed to smart contracts via Chainlink oracles.
-Opium Exchange launches pre-market options for governance tokens.
-Kyber Ecosystem Report #15 is out.
-DeFi Tokens, So Hot Right Now — The Daily Gwei #3.
-Minimum Viable Decentralized Exchange tutorial by Austin Griffith.
-HackMoney — the virtual DeFi hackathon from ETHGlobal — has concluded.
-Southeast Asia DeFi Week took place.
-Gitcoin Grants round 6 is scheduled for June 15th.
-Polkadot DeFi Day introduced.
-And much more!
Read the full report here.
⬙ Check out our latest biweekly report on Ethereum vol.45: 26th May - 9th June.
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