Biweekly update on Ethereum DeFi ecosystem vol.13, 2nd September — 16th September
SushiSwap saga, Etherscan releases yield farm list, Ren and UMA launch a Bitcoin-backed yield dollar, The DeFi Pulse Index is now available on TokenSets, yEarnfinance’s StableCredit is here, and more!
TL;DR
-Chef Nomi, the pseudonymous founder of decentralized exchange protocol SushiSwap, said that they returned some 38,000 ETH — worth some $14 million at press time — to the project’s treasury fund.
-Set and DeFi Pulse announced the launch of the DeFi Pulse Index Set on TokenSets. The DeFi Pulse Index (DFP) is built on Set Protocol’s new v2 infrastructure and consists of 10 of the most popular DeFi tokens available on Ethereum. Check it out here.
-UMA announced the Yield Dollar on renBTC. With the launch of uUSDrBTC-OCT on UMA protocol it is now possible to leverage Bitcoin permissionlessly on the Ethereum network. Risk Labs, the foundation supporting the UMA protocol, had announced a gas fees rebate program for governance votes. Coinbase Pro listed UMA token.
-RenVM has just surpassed half a billion USD in total volume transacted.
-yEarn introduced StableCredit, a new protocol for decentralized lending, stablecoins, and AMMs built as part of the yEarn ecosystem. It has also become a significant stakeholder in the governance of stablecoin exchange Curve. yEarn saw major excitement around the launch of its yETH Vault.
-Etherscan releases Yield Farm List: The price and market cap data of all known yield farming tokens are displayed on this new page.
-These weeks, Stani Kulechov, Founder and CEO at Aave featured in the scope of podcasts. GHST was introduced — the eco-governance token of Aavegotchi and it powers every activity in the Aavegotchi universe, from participating in the DAICO, to buying Aavegotchis, and even farming rarity.
-Compound Labs has launched the beta version of Compound.js, a JavaScript SDK for Ethereum and the Compound Protocol. Since the last newsletter, Proposals 21 and 22 have passed with support from the community. COMP Governance & Distribution update was published.
-The Maker Protocol’s Liquidations System Upgrade 1.2 is live. The Maker Foundation Interim Risk Team has placed a series of Governance Polls into the voting system which presents polls to implement Domain Team onboarding, Collateral Onboarding, and more. Read The Maker Governance Review, a monthly recap of all Governance activity, from Governance blog posts and polling/voting history to Governance Cycle progress.
-The Augur team announced a new proposal to the community to improve Augur v2.
-The Melon Council has been working on assessing the viability of Melon Improvement Proposal #7 (MIP#7) and they shared some initial feedback on the proposal by Tom Shaughnessy (Delphi Digital), Ceteris Paribus and Chris Manessis (Moonchain Capital).
-0x Developer and Governance Update — September 2020: New technical developments from 0x Labs and the 0x ecosystem. Good news is, on September 13th, Matcha surpasses $300 million in volume.
-1inch surpasses 3 billion in volume. The project partners with TRON for JustSwap and Mooniswap integration. Under the partnership deal, 1inch will fully integrate with JustSwap, TRON’s decentralized trading protocol for automated liquidity provision, and our AMM, Mooniswap, will integrate into TRON’s blockchain. SushiSwap now integrated. Defi Prime interviewed Anton Bukov, the co-creator of 1inch.exchange and Mooniswap.
-Check out latest Kyber Ecosystem Report #18 and recap of KyberDAO Community Call #1.
-Loopring Swap Announced: Loopring Swap is an interface that sits on top of Loopring’s layer 2 DEX which offers gas-free trading.
-Fresh Raiden Weekly issue 135 is out. This week featuring: WebRTC development updates, Cross Token Network Payments, and an overview of new projects building on Raiden.
-The Synthetix Volume Program announced: This is a new initiative designed to incentivize native integration of the Synthetix protocol across DeFi platforms and protocols. Meet the new Synthetix grantsDAO interface: The new UI for the grantsDAO introduced.
-The Road to V3: YAMv2 Interim Governance Summary: This post from the Yam Finance team summarized all of the changes that will be included with Yam v3 (as voted on by YAM token holders). As part of the roadmap, uses who voted to save the original Yam protocol are going to receive bonus YAMv3 rewards.
-DEFI-S announced: DEFI-S is an index for exposure to AMMs (BAL), zkRollups (LRC), derivatives (UMA), asset management (MLN), and interoperability (REN, PNT).
-xDai Bridge Governance Proposal: In the past month Dai bridged to xDai has surged 500%. More decentralized governance will help support this growth. Read & comment on a proposal to migrate to Gnosis Safe by Gnosis & extend bridge governance. Fresh xDai weekly recap is here.
-MCDEX announces funding round: MCDEX has closed the first funding round from several renowned influencers and key stakeholders of the industry, including Arthur ( DeFiance Capital ), Qiao Wang, DeFi Dad, Daryl Lau, Tarun, Robert Leshner and more.
-mStable governance forum now live, where mStable improvement proposals will go for formal discussion, after being surfaced on their Discord server. At the end of this week, the team will begin a series of monthly mStable community calls. Join them!
-Cozy Finance, a company that develops risk-management software for decentralized finance, introduced.
-Pine is live on mainnet (formerly UniswapEx) limit orders on Uniswap v1 and v2.
-The new DODO liquidity provider project launched the Grey Parrot phase of its wider DODO Carnival incentive campaigns.
-Swerve, a fork of Curve, reached a TVL of over $380 million within 12 hours of launching.
-Perpetual contracts exchange Perpetual Protocol has deferred its mainnet launch due to high gas prices.
-Crypto exchange Huobi kicked off a liquidity mining campaign, which offers HT stakers rewards from a USDT pool worth $10 million.
-An updated look at The Block’s DeFi Map.
-New DeFi podcasts.
And much more!
Read the full report here.
⬙Check out our latest biweekly report on Ethereum vol.52: 1st September — 15th September.
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