Biweekly update on Ethereum DeFi ecosystem vol.43, 23rd November — 7th December
$104B in DeFi, Bancor v3 unveiled, Zapper reaches 1M MAUs, Perpetual Protocol v2 launched, xDai and Gnosis merger is going to go through, Ren’s Host 2 Host is live on mainnet, 1inch grabs $175M...
TL;DR
-$104B in DeFi this week, currently at ~ $104.5B, with Maker dominance 18.60%.
-Introducing Bancor 3: Bancor 3 marks a New Day for DeFi — one in which people & projects retake DeFi’s core building block to bring community-sourced liquidity. Watch Bancor’s Head of Research Mark Richardson present Bancor 3 live. The Bancorian | A Weekly Summary-November 21st, 2021.
-xDai Weekly Newsletter December 03, 2021: A well-attended AMA, and several amendments to the original proposal, snapshot voting on the proposed merger between the xDai Chain and Gnosis is officially underway. Voting will end today, on Tuesday, 7 Dec at 5:00pm UTC. This vote has seen the highest participation rate of any snapshot vote in the history of the xDai community (500+ voters and counting), and with good reason. It is a historic proposal with far-reaching implications for the future. Tornado Cash reached a new milestone on xDai with over $1M deposited into the protocol. DeHive announced an xDai integration and plans to release several clusters on xDai. xDai Punks launched a unique token sale on xDai running from 1 December — 8 December.
-Find out the latest GnosisDAO proposals here. Looks like xDai and Gnosis merger is going to go through. The 0xhabitat Multisig Got Drained: An Analysis: A Gnosis Safe user experienced a severe and sophisticated phishing attack that resulted in the project’s Multisig being drained.
-Host 2 Host is live on mainnet: RenVM can now bridge almost any asset on any blockchain. Simply put, it opens up a new world for RenVM and its addressable market.
-Zapper reaches 1 million MAU’s: The Zapper platform now has 1 million monthly active users and has processed over $10 billion in total transaction volume.
-MetaMask supports the Lattice1: With Lattice1, you use MetaMask precisely as you do now, but with the peace of mind knowing you’re using hardware security instead. You sign transactions normally in MetaMask; requests will pop up on the Lattice1’s touch screen as well for verification.
-The Enzyme team announced that they will be launching a private beta of Sulu on Enzyme before Christmas. The first 100 users to sign up for this will get complimentary MATIC tokens to help them get started thx to Polygon & Enzyme finance. Sign up here. Fifty Shades of Trust: Programmable Risk Management. Check out MFP: Enzyme Funding Proposals here. Last week’s updates.
-Over the last two weeks, Uniswap v3: saw a new 24hr volume record of $4.8bn, set a weekly volume ATH of $21bn+, generated more ETH/USD volume than Coinbase. Other Internet will expand its research program and conduct novel governance experiments within the Uniswap ecosystem. Latest Uniswap proposals are here. UNI Letters #7.
-mStable launches mUSD/RAI Feeder Pool: RAI is a decentralised and permissionless stable asset that is not pegged to the US dollar. MTA rewards started on 6th December and will be capped for the first few weeks to roll out this pool gradually. mStable ecosystem integrates with APY Finance. AMA with Symphony Finance — mStable. Check out mStable’s latest proposals here.
-Latest Aave News: v3 Licensing Snapshot, Add G-UNI to the AMM Market, Helsinki, aKIDNEY, and more. Follow the Aave governance forum.
-Find the latest Compound proposals here. Proposal 070: Security Solutions For Compound Governance has failed. Proposal 071: Risk Parameter Updates for DAI, BAT, ZRX, and ETH has been executed. Proposal 072: Risk Parameter Updates for WBTC, UNI, and COMP is queued.
-Gasless deposits now live: dYdX is excited to offer gasless deposits and seamless 0x swaps for a greatly improved onboarding experience. Review of Epoch 3: Fourth round of updates from the team on the ecosystem, community, mining programs, and more. Content Competition: Earn rewards for creating visual and informative content based on a prompt of your choice. The competition will run for the next 30 days. Final submissions must be made on December 31st prior to 24:00 UTC on the Typeform dYdX created for the competition here.
-A Retrospective on the Across Launch and What’s Next: UMA launched Across Protocol in early November. Across is a bridging solution which uses UMA’s Optimistic Oracle (OO) to speed up Layer 2 (L2) to Layer 1 (L1) transactions. Across has been offered entirely to the community to take over as co-founders.
-0x + Celo expand partnership to allocate $4.5M in joint funding to the 0x DAO: Celo’s DeFi for the People initiative is one step closer to its goal of delivering DeFi to 6 billion smartphone users worldwide on 0x-powered apps. 0x Ecosystem Spotlight: Matcha: An interview with 0x API integrator Matcha, a simple DEX aggregator designed for everyone.
-The Atria Release: On December 3, the Atria was released. Here’s what’s included in this release: SIP-192: Fee Pool Accounting Error Fix and Reimbursement: Fixes an error where fees from WrapperFactory are double-counted. Debt Pool Synthesis: This post details the upcoming Debt Pool Synthesis feature that will introduce fungibility between L1 and L2 Synthetix synths. Futures Update: An update on the current state of Synthetix perpetual futures.
-Find the latest Index Coop proposals here. DPI and MVI are now available on Polygon: Index Coop’s DeFi Pulse Index (DPI) and Metaverse Index (MVI) products are now available on the Polygon network. Beta Finance Partners with Index Coop. Conversations with the Coop — Allen Lee — Beta Finance.
-Lemma Live on mainnet: Lemma is the first basis trading vault and stablecoin backed by decentralized derivatives to launch on mainnet.
-Slingshot deploys to Arbitrum: You can now use the Slingshot DEX on the Arbitrum layer 2 network with real-time charts for every token, positive slippage and more.
-Adidas partners with Coinbase: Adidas Originals, a brand of the German sportswear clothing firm Adidas, has announced a partnership with the crypto exchange Coinbase.
-Biconomy introduces Gas Tank: dApp partners can now fill up the gas tank & be assured that the relayers will fund the gas for all user transactions.
-Ondo and Fei team-up: Ondo Finance and Fei Protocol have partnered with several cutting-edge DeFi protocols to help them increase their decentralized exchange liquidity.
-Component launches YTC: The Yield Token Compounding (YTC) tool is built on top of Element Finance and allows users to interact with the protocol recursively.
-Lyra community rewards detailed: Lyra is rewarding early community contributors, traders and LPs with a retroactive token distribution.
-Premia live on Arbitrum; Single-sided staking for wBTC, wETH, LINK call and DAI put pools are now available on Premia on Arbitrum.
-Elpis Battle (EBA) has chosen KyberDMM DEX for enhanced token liquidity on BSC! ~$1M+ in liquidity mining rewards. Find out all Kyber proposals here. Check them out on GitHub.
-Senate Banking Committee Chair seeks answers on stablecoins from Tether, Center, Paxos and more.
-How The Merge Impacts Ethereum’s Application Layer — Tim Beiko via EF Blog.
-Unifying Cross-Chain Liquidity with Connext — Nichanan Kesonpat via 1kx.
-Ultimate Crypto Tax Guide — Dan Hannum via Bankless.
-And more!
Read the full report here
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