Biweekly update on Ethereum DeFi ecosystem vol.17, 27th October — 10th November
1inch launches v2, Keep3r Network v1 beta now live, UMA announces developer mining, xDai to integrate Chainlink, Melon v2 getting closer, mStable protocol’s 3 month roadmap, Uniswap turns 2, and more!
TL;DR
-1inch hits 5B in volume. Introducing 1inch v2 — DeFi’s fastest and most advanced aggregation protocol:The team unveils 1inch’s version 2. The main highlights are Pathfinder, an API that contains a new discovery and routing algorithm, and an intuitive, user-friendly UI. The improvements ensure the best rates on swaps, while dramatically cutting response time. Moreover, the team just added support for WalletLink by Coinbase and Coinbase Wallet into the V2 version of 1inch. The team announced Crypto.com DeFi Swap integration in 1inch Pathfinder. From ETHNYC hackers → ETHOnline sponsors: 1inch’s ETHOnline winners.
-Read in the latest Yearn Finance newsletter: two active votes on snapshot, new veCRV “Backscratcher” is live, testing for several new yVaults, audit completed by MixBytes. Yearn.finance x Hegic: Options is out. Check out YFI Pulse — 11.9 on SushiSwap pair strategy, Yearn + strategists, Curve DAO voting, Yearn + Hegic explainer.
-Keep3r Network v1 beta now live. Keep3r Network is a new project from Andre Cronje and is a decentralized keeper network for projects that need external devops and for external teams to find keeper jobs. In the last Keep3r Update, Andre breaks down how the Keep3r Network will be incorporating on-chain oracle price feeds into the protocol. Furthermore, Binance listed Keep3r Network’s KP3R token. The project also just announced that it’s going to be relying on Uniquote oracles.
-mStable protocol’s 3 month roadmap: James Simpson has produced a deep dive on mStable’s immediate roadmap over the next three months including a novel AMM upgrade, mBTC, MTA’s tokenomics, and more. mStable Dev Update — October: A recap of the progress made by the mStable engineering team this month. Also, read fresh Guide: Interacting with EARN liquidity pools on mStable.
-Aave Admin Key Handover: The Aave protocol’s admin keys will be handed over to AAVE token holders which means that Aave’s governance will become decentralized. Aave and Axie Infinity are teaming up to bring you a hot new collab! DeFi, NFTs, and gaming meet in this ambitious crossover. If you’ve missed it, check out Aave October update on admin key handover, new assets in the aave market, and a successful migration.
-ETHOnline Bounty Winners, Developer Community Call Recap, Governance Updates in the latest Compound newsletter. Proposal 28 ‘Delegate UNI’ was proposed but subsequently canceled due to losing the 100k minimum COMP delegation required during the voting process. Prior to cancellation the proposal received unanimous support from the community and was resubmitted. These weeks, Robert Leshner, joined a fireside chat with Solana to discuss the origins of Compound and the growth of the DeFi ecosystem.
-Dharma announces bank account integration: Dharma users now have the ability to buy tokens directly on Uniswap using their bank account. The service is currently limited to just 13 states in the U.S. and limited to $25,000 per week of purchases.
-Maker Governance Review, a monthly recap of all Governance activity, from polling/voting history and Governance Cycle progress to new Governance-related blog posts, is out as well as Making Maker: October 2020. The Governance Facilitators and the Maker Foundation Smart Contracts Team have placed an Executive Votes into the voting system which will enable the community to approve the following alterations to the protocol: Onboard YFI and BAL, Debt Ceiling and Stability Fee Adjustments, Mitigating Flash Loan Risk.
-xDai Weekly Recap recap is here. As announced on November 6th, 2020, xDai to integrate Chainlink with help from the Protofire team. They will share updates and details as the integration progresses and projects can use the Chainlink decentralized oracles.
-Gnosis Safe introduced Mobile Signing: You can now always leave your Ledger at home. Confirm transactions on the go using the Safe Multisig Mobile app. You can now trade on xDai using the Gnosis Mesa dapp, the 1st dapp built on the protocol, developed and maintained by the DXdao.
-Introducing Augur: Chad Edition: Several weeks ago, a new version of Augur with support for multiple collateral types was teased. Now that vision becomes a reality with the introduction of AugurETH, the first ParaAug deployment from Augur CE.
-UMA Announces Developer Mining: 50,000 UMA will be paid out weekly to developers that deploy synthetic assets using UMA. Each developer’s share of the rewards will be weighted by the value locked in their synthetic asset contract: the more popular a synth is, the greater share of the weekly rewards that the developer will receive.
-Update on MLN tokenomics: MIP7 endorsed by user representatives: MIP7 is officially endorsed by user-representatives on the Melon Council.
-DeFi Pulse Index November rebalance completed: The Index Coop has executed its first trustless rebalance for the DeFi Pulse Index (DPI) which marks the successful completion of IIP-5. The completion of this rebalance in a trustless way moves the Index Coop one step closer to being a fully decentralized organization. Feel free to read Index Coop October Update.
-Balancer Labs announced that Pantera Capital and Alameda Research have made an investment in Balancer, through the direct purchase of BAL tokens from the Balancer Labs treasury.
-Expanding 0x beyond Ethereum: In this post, the 0x team goes through how 0x Labs’ mission will progress in a world where the tokenized value spans across multiple blockchains. To fulfill this mission, 0x Labs will pursue two strategies: colonize other blockchains with emerging tokenization of value, and build a p2p exchange blockchain hub. Stronger together: An update on 0x protocol Gitcoin bounties.
-Single-sided AMM staking is now available for 40+ Bancor v2.1 pools including OCEAN, LINK, REN & ETH. Watch video AMA replay with Nate Hindman, Head of Growth.
-Read Kyber Ecosystem Report October 2020 on KyberPRO launch; 2nd KyberDAO Call (UI/UX upgrades, KIP 3 & 4 approved); new bridges for Uniswap, Curve, Sushiswap, Balancer, Mooniswap; new tokens (FUSE, ALEPH, IND, OCEAN, SAND, VALOR). Important Bridge Reserve Updates: Hybrid Bridge splits trades optimally between Uniswap, SushiSwap, Curve, Balancer bridge, KIP-4: fees for bridge reserves.
-Loopring Monthly Update — 2020/10: Over the month, the team has made excellent progress in Loopring 3.6, L2 AMM, the new relayer system, as well as our smart wallet mobile app. The team continues to do more testing and will launch them soon.
-Uniswap turns 2 (our congrats to the team!). Uniswap trading is now natively integrated into Trust Wallet.
-Raiden Network just released Raiden v1.2.0 “Tristan da Cunha”. This version introduces a couple of stability features and some bug fixes.
-Synthetix Barite Product Release: this update runs through the new front-end updates to the various Synthetix products. Synth Asset Management with dHEDGE is Live: with dHEDGE, investors can earn rewards by managing a portfolio of Synths or invest in the performance of other dHEDGE portfolios.
-Check out Ren October Development Update: deployed RenVM 3.0 to mainnet; Multiwallet development; Airwave advancements. Forby, Binance lists renBTC.
-DeversiFi public roadmap published: the team breaks down what the roadmap looks like for DeversiFi over the short and long-term.
-Arbiswap announced. Arbiswap is an implementation of Uniswap that uses Offchain Labs’ arbitrum rollup technology. It offers a 55x cost reduction in fees compared to mainnet.
-Alpha Homora updates: Alpha Finance Labs announced a partnership with Siam Commercial Bank, one of the largest commercial banks in Thailand to work towards bridging traditional banking and DeFi, announced a new Alpha product in perpetual swap area, and added a WETH/SUSHI leveraged yield farming pool to Alpha Homora.
-B.Protocol now live. B.Protocol makes lending platforms more stable by incentivizing liquidity providers to commit on liquidation of under collateralized loans while shifting the miner extracted profits back to the users of the platform.
-Zapper product updates: lots of updates from Zapper last month including new additions to the dashboard, new zaps, new language support and more.
-Notional announced, a new protocol that lets users lend and borrow crypto at fixed rates. After 10 months in stealth, the platform launches in beta on Ethereum today. The startup also announced Monday a $1.3 million funding round from a total of eight investors, including Coinbase Ventures, 1confirmation and Polychain.
-DeFiDollar raises $1.2M. The seed round was tri-led by Divergence Ventures, Standard Crypto & Accomplice with participation from angel investors.
-Unveiling the Superfluid Dashboard. This dashboard is meant as an active operational tool which is different from the DeFi portfolio management interfaces. The dashboard aggregates all user subscriptions, expenses, income, savings, investments and more.
-Lending protocol Percent Money accidentally froze its USDC, WBTC, and ETH markets, which in turn locked in some users’ funds.
-The Commodity Futures Trading Commission (CFTC) is holding a panel discussion on “digital assets, derivatives, and DeFi” on November 17th.
-Paradigm’s Interview with Andre Cronje — DeFi Architect, and Creator of Yearn Finance.
-The DeFi Blockspace Cycle | Nic Carter on Bankless.
-Matthew Finestone HD of Business at Loopring on the State of Layer-2 solutions on Cryptotesters.
-DeFi Prime interviewed Yam Finance’s Trent Elmore as well as Romain Rouphael, a co-founder of LN Markets.
-A Comparison of Decentralised Crypto Funds.
-The Ultimate Guide to Balancer Smart Pools.
-And much more!
Read the full report here.
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