Biweekly update on Ethereum DeFi ecosystem vol.38, 14th September - 28th September
$81B in DeFi, DAI now live on Arbitrum, The Data Economy Index introduced, Uniswap launches Auto Router, Yearn UI v3.0 is here, Staking v2 live on mStable, BarnBridge partners with UMA, and more
TL;DR
-$81.3B in DeFi this week, with Aave dominance 14.63%.
-Uniswap launches Auto Router: Auto Router delivers better execution prices for traders by splitting routes, using more data, and factoring in gas costs. Uniswap Product Update #2 is out: Updates on layer 2 Uniswap, dev guides, EIP-1559 support and more in this product update from Uniswap.
-Staking v2 Live on mStable: You can now earn MTA rewards, swap fees, and Balancer tokens in v2 of the mStable staking system. Staking Migration Guide. Check out mStable’s latest proposals here.
-mStable Integrates Balancer Pool Token (BPT) For Staking. Atlantis World will be building Balancer City with its new grant. The latest Balancer Report is here.
-Yearn UI v3.0: The next iteration of the yearn.finance UI is here. The LABS section on beta.yearn.finance introduced. The vaults that live in the LABS section are not the usual Yearn Vaults. Yearn vaults were created with the idea of being “up-only” and that users could withdraw at any time. More boosts, compounding, and mojitos for you with yvBOOST: Yearn’s collaborative relationship with Curve.fi is core to the infrastructure, and core to you boosting your boosts.
-DAI Live on Arbitrum: Users are now able to trade, lend, provide liquidity and yield farm with DAI on Arbitrum One.
-The 1inch Network expands to Arbitrum: The expansion to Arbitrum is set to offer 1inch users lower transaction costs, higher transaction speeds and fast withdrawals. 1inch and Oasis team-up: The integration provides Oasis users with cheaper swap rates and better security, while also expanding 1inch’s reach in the DeFi space. Improvements proposed to the 1inch governance model. New joint liquidity mining program with Lido: The program starts on September 24, featuring the stETH-DAI pool. The 1inch Network is integrated into Trust Wallet: The 1inch API now powers the swapping functionality of one of the most popular crypto wallets.
-Investing in the Future of the Data Economy: The Index Coop announces that the Data Economy Index (DATA) is now available for purchase through the Index Cooperative. Tax Advantages of Index Coop Products: If you are actively buying, selling and swapping cryptocurrencies and other decentralized finance products, you’ll need to sort out how to pay taxes on these assets. Index Coop products are designed to make dealing with taxes on your decentralized finance products easier. An Introduction to DeFi Pulse Index Methodology: The DeFi Pulse Index ($DPI) is a capitalization-weighted index that tracks the performance of decentralized financial (DeFi) assets. Conversations with the Coop — Evan Van Ness from Week in Ethereum News. Find the latest Index Coop proposals here.
-The dYdX Foundation has completed and open-sourced a proposed solution to: Restore functionality to the Safety Module, allow users who are currently staked to recover their funds, allow users with staked funds to receive rewards. BCH is live. The BCH (BCH-USD) Perpetual Contract is live for trading on Layer 2. Go long or short on BCH with up to 10× leverage.
-KyberDMM launches on Binance Smart Chain with $4M in liquidity mining rewards. Kyber and Avalanche Foundation collaborate to launch KyberDMM with $5.8M in liquidity incentives. Find out all Kyber proposals here. Check them out on GitHub.
-BarnBridge partners with UMA to offer SMART Alpha KPI Options: The BarnBridge DAO has voted to approve up to 10,000 BOND for a pilot liquidity mining program in collaboration with UMA Protocol. This liquidity mining program will be targeted at bootstrapping secondary liquidity for SMART Alpha junior and senior positions in the ETH (USD) and BTC (USD) pools on Ethereum mainnet. KPI options contracts for YEL liquidity providers are here.
-Latest Aave News. Pods launched a very interesting way to put your Options collateral to work on Aave Protocol. Follow the Aave governance forum.
-Compound proposals 59, 60, 62 successfully passed. Find the latest Compound proposals here. News in the latest Compound digest: Compound at ETHOnline, Governance address whitelisting, DAI distribution.
-xDai Weekly Recap September 24, 2021 is out.
-0x Ecosystem 🪐 Spotlight: DEXTools: An interview with 0x API integrator DEXTools, a suite of DEX trading tools that puts real-time data analysis at the tips of your fingers. 0x announced as a partner of newly-launched Jump Crypto: 0x Labs is an official partner of Jump Trading Group’s newly-launched Jump Crypto. 0x at ETHOnline.
-The Synthetix team completed the Wezen protocol release. iSynths (SIP-158) and all synths that were deprecated (SIP-169) are now redeemable through the staking.synthetix.io or kwenta.io dApps for a fixed sUSD price (price at deprecation).
-Avantgarde Finance closes $5.5m Series A led by Blockchange Ventures. The Evolution of DEX Liquidity & What’s Next: In this Part II, Mona El Lisa attempts to lay out what the next generation AMM’s will be thinking about and how they might get there with Enzyme Finance. Check out MFP: Enzyme Funding Proposals here. Enzyme Finance on ETHOnline.
-Gnosis Protocol token proposed: In order to enshrine Gnosis Protocol as a community owned project, the team are proposing to launch the GPT governance token. They consider the GPT as an essential tool to ensure the Protocol is not captured by rent seeking players, that it stays neutral and true to the values and needs of its traders. Find out the latest GnosisDAO proposals here.
-The Bancorian | A Weekly Summary-September 19th 2021 is here. Latest proposals.
-The 188th Raiden weekly update is here: What it covers: a couple more release candidates were introduced, no bugs reported, and do not open new channels before the upcoming Mainnet releases.
-RenVM Greycore on Testnet: The Ren core development team announced the migration of RenVM Testnet to support the Greycore. The Ren Report #18: Solana, Arbitrum, and welcome to the show.
-Coinbase drops plans for the crypto lending product after SEC tussle: Crypto exchange Coinbase has dropped plans to launch its crypto lending product, dubbed Lend, in light of the SEC’s view that it would constitute a security, per an update to its original announcement blog post.
-0xMaki steps down from Sushiswap lead role: An anonymous leader at decentralized exchange protocol Sushiswap — 0xMaki — has stepped down from his leadership position with the project and into an advisory role.
-Alchemix integrates Chainlink Keepers: Alchemix is now using Keepers to automate some of their key smart contract functions plus they have sponsored new price feeds for ALCX/USD enabling apps across DeFi to support the ALCX token.
-Hop Protocol adds Arbitrum support: Users can now send USDC and USDT from Arbitrum to any Hop supported network in minutes and vice versa.
-Tracer Perpetual Pools live on Arbitrum: Perpetual Pools is a new financial primitive that enables anybody to take a short or long position on any underlying asset. These positions are non-liquidatable, fully collateralised, fully-fungible and can exist perpetually without upkeep. You can now trade these perpetual pools on Arbitrum.
-DeversiFi bridges to Bitfinex: The bridge will enable fast and low-cost transfers between Centralised Finance (CeFi) and Decentralised Finance (DeFi), while skipping Layer-1 (L1) Ethereum altogether.
-Zapper Quests season 2 announced: This season builds on the success of Season 1 with an introduction to Zapperverse Lore and exciting new mechanisms including rarity levels, crafting, and Volts.
-Oasis Multiply now live: You can now increase your exposure on MakerDAO up to 4x in a single click using the Oasis Multiply feature.
-Introducing smart collateral from Pods: Smart collateral allows users to use interest-bearing tokens as collateral while interacting with the protocol.
-Shell Protocol v2 roadmap: Shell Protocol v2 will come with a new trade logic layer that determines swap rates as well as an accounting layer that tracks balances and transfers tokens.
-Introducing Olympus Pro: Olympus Pro is a service for protocols looking to utilize bonds in their emissions programs with low overhead and maximum impact.
-Nested AMMs introduced: Nested AMM is an AMM design that can handle multiple related tokens, and money (stablecoins). It allows for low-slippage trades between the related tokens, and higher slippage when trading with money.
-Beyond Coin Voting Governance | Vitalik Buterin on Bankless.
-Tim Beiko & Danny Ryan: Eth1, Eth2, and the Merge on Into the Bytecode.
-How To Think About Token Generation Events Using DeFi — Jason Choi and Sanat Kapur via Deribit Insights.
-Bridges and Swaps: The Future of Interoperability.
-China’s central bank has recently stated that all crypto-related activities are illegal, and promises a harsh crackdown.
-Some MEV questions and answers.
-Decentralize Everything on The Daily Gwei.
-And more!
Read the full report here.
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