Biweekly update on Ethereum DeFi ecosystem vol.23, 19th January — 2nd February
~$28B in DeFi this week, Alpha Homora v2 launches, BNT liquidity mining rewards are live, LRC tokenomics revamped, Enzyme to integrate Chainlink, 0x’s V4 protocol is here, Kyber V3 announced, and more
TL;DR
-More than $27B in DeFi this week, currently at ~$27.75B, with Maker dominance 17.67%.
-Alpha Homora v2 launched: You can read this post to get a view on v2 from a lenders perspective, this post for a view from a yield farmers perspective, and this post for a general overview of v2. Check out Alpha Homora v2 explainer thread.
-Read in the latest Yearn Finance Newsletter #20: YIP-57: funding Yearn’s future voting is live; relaunch of the v1 WETH yVault; thirteen new yVaults are live; ASSY Index is live; discussion on administration over minting keys; next AMA scheduled (February 3rd at 4pm UTC); partnership roundup; governance roundup; and ecosystem news. Latest YFI Pulse is here.
-Making Maker: January 2021: This first Making Maker of the year covers notable protocol and community developments from December 2020 through January 2021.
-Aave released its V1-to-V2 migration tool. You can now migrate everything, even if you have borrowing positions opened. Head over to your V1 dashboard to check it out! Read their January Update: Aaveversary, another migration, and MarketMake. Also, The 5th audit of Aave Protocol V2 by Sigma Prime is complete and publicly available here. Aavescan launched. Tune on ‘Zero Knowledge’ Episode 165 with Stani Kulechov.
-The latest Compound newsletter covers the following updates: Compound Labs at ETHDenver, WalletConnect support, Vesper Beta launch, Developer Community Call Recap, and more.
-xDai Weekly Recap covers POSDAO updates, Wallet Support, Project News & more.
-dYdX — 2020 in Review: dYdX had a monster year of growth in 2020 and in this blog post they recap it all from trading growth on the platform to new team members joining. Moreover, last week dYdXhas raised a $10 Million Series B round led by Three Arrows Capital and DeFiance Capital with participation from Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital.
-Enzyme for Organisations: Broadening the use cases for Enzyme with Gnosis Safe. Moreover, Enzyme to integrate Chainlink Price Oracles to unleash rapid expansion of assets. Also, a bunch of news from the Enzyme team appeared: Introducing Enzyme: On-chain asset management by Mona El Isa; Redesigning Melon/Enzyme & Fund in the Shell.
-Set V2 Asset Management Suite launched: Anyone in the world can now create a tokenized basket, accept capital, implement fees, and access DeFi. The DeFi Pulse Index is now easily accessible through Zerion.
-Bringing Bancor to Polkadot: the work is underway on a cross-chain bridge that would allow Bancor to expand its decentralized liquidity protocol to Polkadot. The implementation could eventually give users the ability to create pools, provide liquidity and perform trustless cross-chain swaps on Bancor between Polkadot and ERC20 tokens. Moreover, Bancor just released a new guide on how to participate in its BNT liquidity mining campaign.
-Kyber V3 announced: A major revamp is coming to Kyber Network with a host of new features being planned — all of that is detailed in this new blog post.
-LRC Tokenomics v2 announced: The LRC token that powers the Loopring ecosystem will be getting a total revamp and will be able to capture protocol fees and be used in governance. Plus, Loopring to distribute all remaining v1 staking rewards on L2.
-ARCx becomes first to incorporate imUSD. MTA has been added to DPI. Guides: Gas-free voting on mStable proposals; mUSD Save V2 and imUSD. Good news is, mBTC is coming.
-Dharma now supports Wire Transfers in 17 states.
-Upgrade: investment earnings, reduced gas fees and streamlined architecture: Nexus Mutual members voted to accept proposal #121 which is one of the largest upgrades the team has made since launch. Here’s everything you need to know. If you miss Hugh Karp’s AMA with Hillrise Capital — read the highlights here.
-0x makes a comeback: it just crossed over $1M in protocol fees generated, with $450k+ just in the last 30 days. 0x’s v4 protocol is now live. It is the most gas-efficient DEX protocol. 0x users should expect more competitive liquidity from professional market makers (up to 70% gas savings for RFQ liquidity, 10% for limit orders). In addition to that, it is cheaper to trade on both Uniswap and Sushiswap using 0x v4 than it is natively on those platforms. Check out 0x Community and Governance call — January 2021.
-1inch has just surpassed $15B in total volume. 1inch’s joint liquidity mining program with Opium, which started on January 30th, focusing on the newly launched ETH-OPIUM pool. The team also launches a ‘quadro farming’ program: users will have four ways to benefit from an stETH-LDO liquidity pool. Furthermore, 1inch supports EtherPunk 2021 hackathon by ETHIndia. Meet 1inch team: Anton Bukov, co-founder and CTO. xINCH is here, an auto-claim and compound wrapper for 1Inch staking.
-Balancer V1 in Review: In this post, rabmarut recaps all the growth Balancer has had since it launched its v1 in 2020. Balancer will also be reimbursing users gas costs until v2 is live. The latest Balancer Report is out.
-Ren + Alameda: The Ren development team is joining Alameda and the wider ecosystem. OpenDAO & RenVM Bring Dogecoin to Ethereum: Dogecoin is now available as renDOGE on the Ethereum network, opening up a whole new world of possibilities for the crypto community. Ren Ecosystem Update: This update covers new partnerships, Dogecoin on Ethereum, volume growth, community updates and more. Check out the January Development Update.
-Spendless announced: Spendless allows you to earn interest on your DAI and then donate that interest automatically to various charities.
-Arbitrum Rollout introduced: Arbitrum Rollout is a full L2 demo on Arbitrum with apps like Bancor, Bounce, McDex and more.
-Parsec launched: Parsec is a Bloomberg-like terminal for DeFi. It is the beating heart of the market, equipped with real-time data streams and rich high fidelity visualizations that paint a picture of an often opaque market.
-Biconomy Forward announced: Projects that integrate Biconomy Forward can allow their users to pay gas fees using ERC20 tokens and stablecoins instead of just ETH.
-You can now use Uniswap LP and Sushiswap LP tokens as collateral in C.R.E.A.M.
-Binance just launched a CRV staking program.
-Grayscale is launching new trusts around DeFi tokens like AAVE and UNI.
-Opium Finance releases collateralized debt obligations (CDOs) through Compound Finance. The project also just unveiled the OPIUM governance token.
-Ethereum dev studio ConsenSys released its Q4 2020 DeFi report.
-YAM Finance: The Rise, Fall, and Rise Again of the OG Foodcoin on Epicenter.
-Elon Musk is liking DeFi tweets.
-And more!
Read the full report here.
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