Biweekly update on Ethereum DeFi ecosystem vol.35, 20th July - 3rd August
$68B in DeFi, MakerDAO fully decentralizes, YFI celebrates the first year, Synthetix exchange live on Optimism, Index Coop introduces BED, MIP7 update, Loopring announces dAMM ...
TL;DR
-$68,3B in DeFi this week, currently at ~ $68.28B, with Aave dominance 17.47%.
-MakerDAO fully decentralizes: MakerDAO is now completely decentralized and the foundation will be formally dissolved over the next few months. MakerDAO adds delegation for MKR: Delegation arrived at MakerDAO on August 2nd, 2021. You are now able to delegate your MKR to “your delegate” for voting in governance, just in case you want to, for whatever reason you see fit. Greenlight and Weekly Polls: The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Open Market Committee. Executive Vote: Centrifuge Asset Onboarding.
-Read in the latest Yearn Finance Newsletter #41: Celebrating YFI’s first year, Yearn’s market share in the aggregator market rises, Yearn to be added to Compound, YFI borrowing rate lowered at MakerDAO, Vaults at Yearn, ecosystem news. The Blue Pill: Last week, the Yearn team announced The Blue Pill book and gave early Yearn supporters a first look via a limited series of NFTs. Now they invite everyone to experience The Blue Pill: thebluepill.eth.link. Fair Launch Summit recording.
-Aave to build Ethereum-based Twitter alternative: Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt. Follow the Aave governance forum. Latest Aave weekly.
-Read in the latest Compound newsletter on Zapper integration, Hiding Vault launch, MKR, AAVE, SUSHI, YFI listing proposals. Zapper, an all-in-one platform to manage, track, and invest in crypto, integrated the Compound protocol into its new save feature. Find the latest Compound proposals here. Compound Labs CEO, Robert Leshner, speaks about real-world use cases of the Compound protocol at the SCB10x Virtual DeFi Summit.
-mStableDAO SafeSnap Integration: SafeSnap from the good folks over at Gnosis has been successfully deployed on the mStableDAO Safe multi-sig.mStable launches an incentivized WMATIC/MTA/ETH pool on Polygon. Check out mStable’s latest proposals here.
-xDai Weekly Recap July 30, 2021 covers Genuino launch on xDai, Kleros integration on xDai which brings stable juror prices and scalability to this unique arbitration platform, and more.
-Synthetix Exchange and Kwenta live on Optimism: The Optimism L2 alpha will offer both the Kwenta and Synthetix communities an opportunity to learn more about synth trading on L2.
-Thales live on mainnet: Thales, an on-chain binary options protocol that spun out of the Synthetix ecosystem, is now live on the Ethereum mainnet.
-First-ever 0x DAO grant awarded to ThalesDAO: ThalesDAO receives $50,000 to support the integration of 0x permissionless order books, which will unlock next-gen Chainlink-enabled binary options trading. How to Access 0x Data: The canonical guide to 0x volume, usage, and trade data.
-The 1inch Foundation will distribute 10 mln 1INCH to the DeFi community as gas cost refunds: The 1inch Foundation has made a decision to compensate gas costs to the 1inch DEX aggregator’s users. 1inch releases new swap UI: The Simple Mode swap interface will enable users to exchange crypto assets in a more user-friendly way.
-LTC is now live: LTC-USD is now live as dYdX 22nd market. COMP now live. Hummingbot Bounty Hunt: dYdX announces a new round of bounties to challenge the Hummingbot developer community. Market Making on dYdX: On July 14th, dYdX hosted a debate with Delroy Fong (Head of Flow Trading, Amber Group), Darius Sit (Co-founder, QCP Capital & Phillip Street Partners), and Su Zhu (Co-founder, CEO, CIO Three Arrows Capital).
-Update: Developer Mining and Grants Program: The UMA’s developer mining program will continue to run until September 30th. There will be some changes to the program. Teams may also submit proposals for KPI Option grants. ICYMI #23.
-Find out the latest GnosisDAO proposals here. A Prehistory of DAOs via — Mirror.
-MIP7 Update: Fees will start accruing to MLN this fall. Find out more about Enzyme’s latest tweaks coming in tokenomics 2.0. The “DeFi Fund” Charade: Owning DeFi Tokens as part of your Centralised Crypto Fund does not make you a “DeFi Fund”. Check out MFP: Enzyme Funding Proposals here.
-Index Coop introduces Bankless BED Index: The Bankless BED Index offers anyone, anywhere passive exposure to the most promising crypto themes — Bitcoin, Ethereum and DeFi. Index Coop Q3 Financial Report — Summary: April — June 2021. The Definitive Guide to the DeFi Pulse Index: Everything you need to know about the DeFi Pulse Index. What to do with your DPI. Find the latest Index Coop proposals here.
-dAMM (distributed AMM): Loopring announces dAMM — in collaboration with StarkWare — a cross-L2 AMM. Loopring is Growing: The team announces six new hires.
-Sushi Trident introduced: Trident has 3 prongs: BentoBox native AMM, expansion of pool type options, and a new routing engine.
-The new Uniswap x Gnosis Safe app allows you to trade, provide liquidity, vote, and create governance proposals directly from your multisigs. The difference between Uniswap the protocol, the interface and the domain. Latest Uniswap proposals are here.
-The latest Balancer Report is out: mStable announces their incentivized WMATIC/MTA/ETH Balancer pool on Polygon, APY Vision now supports Balancer v2 on main net and Polygon, Gauntlet pushes another round of dynamic fee updates. Balancer CEO Fernando Martinelli is featured in this Crowdfund Insider article. Balancer tweets these highlights for July.
-Bancor’s Community Call Summary — July 25, 2021. Latest proposals.
-Kyber Community Call #5 July ’21 recap: KyberDMM progress, Polygon partnership, Rainmaker Liquidity Mining, KNC on Revolut, and more. Find out all Kyber proposals here. Check them out on GitHub. Latest Kyber Weekly Blitz.
-Raiden’s new community updates are out. The 180th Raiden weekly covers: Raiden x EthCC Paris, Raiden SDK workshop at EthCC, removal of token deposit limits.
-Ren July Development Update covers improved multichain throughput, darknode pooling service infrastructure, host-to-host cross-chain support and testing, and more. Hippodrome integrates RenVM: The first native RenJS integration on Polygon is now live. Parrot Finance adds renBTC as collateral for PAI.
-Binance winds down derivatives offerings in three european countries: Crypto exchange Binance announced Friday that it will no longer offer crypto futures and options trading to users in three European countries: Germany, Italy, and the Netherlands.
-Tidal Finance launches on mainnet: Tidal Finance went live with StaFi, Xend Finance, Marlin and EasyFi as initial launch clients for subscription-based weekly adjusted insurance model.
-Ondo Finance announced: Ondo is a new primitive built to accelerate DeFi adoption among mainstream investors by enabling the granular exchange of risk.
-Rabby announced: Rabby is a new browser-extension made by DeBank with a host of new features — it aims to compete with MetaMask.
-Fortune Magazine published an article about DeFi protocols taking on the incumbent financial system.
-Vitalik Buterin: Things that matter outside of DeFi.
-Why We Need Decentralized Oracles on Bankless.
-Ethereum: Can It Go Beyond DeFi? on Epicenter.
-How to Use a DeFi Asset Management Protocol by Andrew Wilkinson.
Read the full report here.
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