Biweekly update on Ethereum DeFi ecosystem vol.20, 8th December - 22nd December
Compound revealed Compound Chain, Aave v2 Governance is live, Melon rebrands to Enzyme, Tornado.Cash announces token, Loopring and DeversiFi team up, YAM collabs with UMA, Uniswap introduces Sybil.org
TL;DR
-Compound Chain announced, a new blockchain from the Compound team that aims to become a hub of connectivity for other blockchains. Check out the announcement, news on Crypto.com integration, Developer Community Call recap, and Governance updates in their latest newsletter. Since the last one, Proposals 30 COMP Contributor Grants and 31 Adjusting Reserve Factors passed through governance with near-unanimous support from the community, and Proposal 32 Distribute COMP to Affected Users in the DAI Liquidations failed after high voter participation on each side. Forby, Compound Labs CEO Robert Leshner spook about the growth of DeFi on the Messari 2020 Year in Review and joined The Coinist Podcast to discuss investing in the DeFi ecosystem.
-Aave Protocol Governance V2 has been activated: V2 governance aims to be inclusive of everyone with a stake in the Aave ecosystem and preserve decentralisation and security. First Aave Governance v2 on-chain proposal for listing CRV into Aave v2 coming. Aave Security Newsletter: This report focuses on the proposal for Governance V2 and a potential attack vector that was identified and fixed during the first days of V2 on mainnet. AAVE trading has opened on Coinbase Pro. Also, AAVE is now listed on Kraken. Huobi Launches AAVE Staking. The Aave Protocol is coming to Bitcoin thanks to the RSK team. This is a huge step for expanding the DeFi ecosystem. Check out their proposal for an RSK market on the Aave Protocol on the governance forum.
-MakerDAO’s Year in Review: 2020: As December draws to a close, it provides a good opportunity to review some of the biggest developments for Dai and the Maker Protocol over the past 12 months. Feel free to read A Guide to Dai Stats.
-xDai Weekly Recap is here with lots of updates.
-Every token in Uniswap now has a dedicated Dharma Asset Page. These pages are a great way to inform your users that they can buy your token directly from their bank account, just by downloading the Dharma app. It takes <5 minutes, and requires 0 technical knowledge. Moreover, new landing page just dropped. Dharma has voted no on CP032.
-Augur Open Interest: 10,000,000 DAI. Furthermore, Augur is now live on Cover Protocol.
-dYdX spot trading is now live on hummingbot. The team is working towards building further integrations in the future and hope to have more to share in the coming months.
-Introducing the Gnosis Custom Market Maker: The Gnosis Customer Market Maker (CMM) Safe App is a new, early-stage tool for decentralized finance, combining two core Gnosis products. It enables traders to provide liquidity to maximize returns on Gnosis Protocol DEX directly from the Gnosis Safe Multisig. Also, GnosisDAO phase 1 proposals are here.
-Yam has teamed up with UMA to launch a new suite of degen derivatives that will begin with UMA’s recent uGas contract and expand into a variety of speculative and hedging products catered to the DeFi ecosystem.
-From Melon to Enzyme: Melon Protocol is rebranding to Enzyme Finance. Enzyme Finance will be powered by MLN token. No token migration will occur for the token but token logo will change.
-DPI is now traded on Loopring. You can now track DPI prices on Coinbase. Also, The DeFi Pulse Index is making moves — up almost 15% against USD over the last week. The Index Coop Creative Challenge is officially live: Win a portion of the $15,000 in prizes by showing off your creative talent until Jan 4th. All types of submissions are encouraged: art, video, music, writing, etc.
-The latest Yearn ecosystem newsletter covers: two new yVaults deployed, launch of the ytVault Registry, new Proposal to create the ASSY Index, Andre named DeFi person of the year, and more. You can read the weekly synopsis regarding Yearn’s yVaults, including current strategies and upcoming changes here. The weekly partnership roundup discussing updates involving partners in the Yearn ecosystem are here.
-mStable Telegram AMA Recap: On 15th December 2020, the mStable team took to mStable’s Telegram community to answer questions received via Twitter and a live Q&A segment. Here are the highlights of the responses provided by James, Alex and Onur in what turned out to be a lively session that covered everything from mStable’s origins to its long-term future as autonomous and non-custodial stablecoin infrastructure. Catch James Simpson on Yield TV with DeFi Dad now.
-Nexus Mutual Founder’s Personal Wallet Attacked: Hugh Karp, the founder of DeFi insurance protocol Nexus Mutual, experienced an attack that resulted in a loss of more than $8 million. Nexus Mutual announced the news via a Twitter post on Monday, saying that Karp’s personal wallet address was attacked and drained by a member of the protocol. Scaling Nexus — December 2020 by Hugh Karp: This post is all about how the demand for cover purchases be stimulated and start scaling the mutual.
-0x Community and Governance call — December 2020: Watch the recording from the December 8th, 2020 meeting below, follow along with the slides, and bookmark this site for the upcoming call schedule.
-1inch has reached $7B in total trading volume. Check out freshly-published A beginner’s guide to trading on 1inch. CGT is now a whitelisted asset on 1inch. You can now swap Synths on the new 1inch V2? and more.
-The Balancer team has recently launched a new version of Balancer exchange app. Aside from the new design, it’s a lot faster and includes many UX improvements. Here is Balancer ROI calculator. The Balancer Report is out.
-Bancor’s TVL has crossed $100M. Bancor community voting to earn BNT has begun. Up for vote: SNX, AAVE, NXM, OMG, ENJ, JRT. Moreover, Bancor pools are now integrated with Matcha.
-Kyber Ecosystem Report #21 — November 2020: Updates on the KyberDAO, the Reserve Innovation Program, Kyber Network stats, integrations and much more. KLP-1 took place.
-Loopring & DeversiFi Announce L²²: L²² is the Ethereum industries first layer 2 committee & working-group. Loopring to launch AMM liquidity mining on Layer 2. Shutdown of Loopring Exchange v1; Transition to v2: In anticipation of the new LRC token economic model of Loopring v2, the team has disabled v1 staking of LRC on the web and mobile UIs.
-Tornado.Cash announces token: Along with the TORN token comes a governance system and a liquidity mining program for Tornado.cash.
-Uniswap Introduces Sybil.org, a governance tool for discovering Uniswap and Compound delegates. Sybil maps on-chain addresses to digital identities, while avoiding on-chain transactions and user signups. Uniswap Governance Proposal #3 (UP 003) is now active for voting. This proposal establishes a UNI ecosystem development grants program Peep Tokenlon’s integration of Uniswap V2. Monitor Uniswap whales.
-Check out the latest Raiden Weekly. Update 149 covers: Paywall demo built on Raiden, progress on Matrix presence bug, continued work toward light client mainnet release.
-The Synthetix Shaula release: All the details for tomorrow’s release: Later today (December 22, ~21:00 UTC) an upgrade is being deployed with a major protocol improvement. Meet the new Synthetix Staking dApp at https://staking.synthetix.io. The new interface aligns with the refreshed Synthetix brand unveiled earlier this year, and has been rethought from the ground up to provide the most seamless and enjoyable staking experience for SNX holders.
-MakerDAO has added renBTC as a collateral type. Also, Pillar Wallet Integrates RenVM: RenVM’s first smart wallet integration is now live.
-Coinbase Registers With the SEC: Coinbase Global, Inc. announced that it has confidentially submitted a draft registration statement on Form S-1 with the the SEC. The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other conditions. Good news is, Coinbase listed Aave (AAVE), Bancor (BNT), and Synthetix (SNX) for trading this week.
-Curv DeFi released — an enterprise-grade decentralized finance solution for institutions. Curv DeFi builds on an integration with the Compound protocol earlier this year and Curv’s new partnership with ConsenSys.
-Circle launches major platform upgrade — a bunch of new features for connecting digital dollars (like USDC) and traditional finance.
-Zapper Product Updates for November 2020: Lots to unpack in this update from Zapper including the 0x API integration, new Zaps on the platform, new dashboard support and much more.
-rTrees introduces Spendless, a friendly way to earn interest on your crypto and put it to work.
-IDEO CoLab Ventures announces Residency Program: The residency program will focus on DeFi and act as a collaborative incubator for promising decentralized finance founders and startups.
-PieDAO is rolling out PieVaults.
-AlphaX detailed, a decentralized, non-orderbook perpetual swap trading market. AlphaX will not only allow Alpha Homora users to hedge their leveraged yield farming/liquidity providing positions, but will also bring the DeFi space a new class of trading products previously unavailable on-chain.
-Introduction to BlackPool, a new fund operating within the non-fungible tokens (NFT) space: from sports cards to game items to digital art.
-Perpetual Protocol live on mainnet: You can now trade ETH and BTC perpetual contracts with up to 12x leverage on-chain at perp.exchange.
-PoolTogether closed a funding round led by ParaFi Capital with participation from Nascent, Robot Ventures, MetaCartel, The LAO, Houbi DeFi Labs, and additional angels.
-Maple Finance raised a $1.3 million seed round for its MPL governance token from Framework Ventures, Alameda Research, Aave founder Stani Kulechov, Synthetix founder Kain Warwick, FBG, The LAO and others.
-Swivel Finance closed a 1.15M seed round led by Multicoin Capital and included Electric Capital, CMS Holdings, Divergence Ventures and Defiance Capital as well as influential angels.
-Union raised $3 million in funding to build a global, permission-less credit network, enabling any person, or smart contract, with access to Ethereum the ability to accrue credit.
-FinCEN has rolled out some rushed, menacing rule proposals that would seriously crank up regulation around individual crypto wallets in the U.S.
-The U.S. CFTC’s Technological Advisory Committee just received a brief on the growth of DeFi and the ecosystem’s nascent regulatory challenges.
-CoinDesk had a write-up this week on how yield aggregator protocol Yearn is positioning itself as the Amazon of DeFi on the heels of the project’s recent mergers.
-Smart contract auditing firm Trail of Bits discovered a vulnerability that could have “broken” Aave.
-Stability, Elasticity, and Reflexivity: A Deep Dive into Algorithmic Stablecoins.
-Diving Deep Into Liquidity Mining on Epicenter.
-From CeFi to DeFi in one picture.
-The Daily Gwei Data Pump #1 — Ethereum and DeFi On-chain Analysis.
And much more!
Read the full report here.
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