Biweekly update on Ethereum DeFi ecosystem vol.49, 1st March - 15th March
$73B in DeFi, 1inch adds a P2P feature, 0x deploys NFT swap standard on Polygon and beyond, dYdX iOS Beta is here, mStable x Vesper Finance, MetaMask adjustments on EIP-1559, WalletConnect raises $11M
TL;DR
-$73B in DeFi this week, currently at ~ $73.53B, with Maker dominance 20.42%.
-mStable x Vesper Finance — boosted mUSD Pool on Vesper Orbit: mStable is collaborating with Vesper Finance to offer users access to yield opportunities without the high gas costs or active management required to realize and compound rewards. Check out mStable’s latest proposals here.
-Yearn quarterly report for Q3–21. Yearn Finance partners with Tenderly to supercharge development, debugging & incident analysis. Yearn Partners: Building with yVaults. Yearn Finance Newsletter #58: Yearn on Arbitrum, Yearn security review, Clarifying 2020 mergers, Diving into Yearn metrics, Andre Cronje involvement with DeFi, Vaults at Yearn, Ecosystem news.
-Latest Aave News: ENS Listed, UST Vote, CVX, Protocol Metrics, & Ecosystem Updates. Follow the Aave governance forum.
-Gnosis Chain Weekly · 11 March, 2022: GnosisDAO announced a 200K commitment to Gitcoin for Round 13 of their grants program. Projects continue to buidl and innovate on the Gnosis Chain. Jarvis Network issues non-USD stablecoins (jFIATs) designed to widen and enhance the DeFi landscape. The first $jEUR issued on Gnosis Chain happened last week. Etherplay announced $7K in rewards for the upcoming conquest.eth’s beta launch March 23rd. Gnosis chain is helping to sponsor the launch. Details here. DeBridges is a bridge aggregator featuring overviews, TVL and community reviews of different bridges throughout the ecosystem. They added xDai bridge support this week. Orchid’s decentralized VPN supports the Gnosis chain. GIP-30: Should GnosisDAO reward 2300 GNO to Prysmatic Labs? GnosisDAO mirror blog is live.
-dYdX iOS Beta: dYdX is focused on building the most well-designed and powerful tools for crypto traders. Their next step towards this vision is the launch of dYdX on mobile platforms, beginning with iOS through a public beta period. The public beta period will allow loyal traders to experience a best-in-class interface before the general release. This is one of the first apps to be natively released by a DeFi protocol, and our team has been hard at work for months. ENJ now live: Start trading Enjin (ENJ) on dYdX, with up to 10x leverage.The History of dYdX (so far).
-Enzyme users can now access Convex Finance and stake Curve Finance LP tokens to further boost yields with CRV and CVX tokens (in addition to trading fees). What’s Stopping DeFi From Mass Adoption? by Mona El Isa, Founder & CEO at Avantgarde Finance. Check out MFP: Enzyme Funding Proposals here.
-The Polygon FLI suite is now complete. Find the latest Index Coop proposals here.
-New Liquidation Mechanism: In approximately two weeks Synthetix will release a new Liquidation Mechanism for staked SNX. It completely overhauls the former system and helps to strengthen the protocol. Stakers must be aware of this change and adjust their C-Ratio if needed. Upcoming Debt Pool Synthesis: Later this week Debt Pool Synthesis will begin. Both debt pools will soon become one.
-Back in January, 0x launched an NFT Swap Standard on Ethereum. Powered by the fourth iteration of its protocol (v4), the standard will be launched on Polygon, Binance Smart Chain, Fantom, Avalanche, Celo, and multiple blockchains. 0x Ecosystem 🪐 Update #17: Highlights, network insights, and news from across the 0x ecosystem — January / February 2022.
-1inch adds a P2P feature: The P2P order functionality enables users to do trustless and secure p2p swaps. The Algebra DEX is officially integrated into the 1inch Network.
-Traversing the Balancer Vault with Smart Order Routing (SOR): The flexibility of Balancer Protocol’s SOR ensures any custom Pool built on Balancer can benefit from all Balancer liquidity. stMATIC: Shard Labs Launches First Balancer MetaStable Pool on Polygon: Shard Labs announced the creation of a Polygon solution which allows users to enter Lido’s liquid staking without spending significant amounts of capital for transactions on Ethereum mainnet. To make this happen, an integration with Balancer Protocol was an essential milestone. Jeremy spoke about Balancer Protocol as an infrastructure product at Based Space. Listen to the recording. Listen to the Recording of the Balancer <> Duet AMA here. On March 17th Balancer <> Tracer DAO AMA will be happening. The latest Balancer Report is here.
-Nexus Mutual Joins 30+ DAOs Adopting Bancor’s DAO Treasury Management Solution: Nexus Mutual DAO executed the single largest treasury deposit on Bancor last week. “Healthy Liquidity” : Why is it important for DAO Treasury Management. Bancor V3 Phase 1: Governance Proposal Summary.
-KyberSwap DEX aggregator launches integration with L2 scaling solution Arbitrum Network. KyberSwap New Feature: TrueSight — Discover Trends and Make Your Trading Journey Easier. KyberSwap powers leading token trading analytics platform DEXTools swap function. Find out all Kyber proposals here. Check them out on GitHub.
-Compound Proposal 89 Lower Proposal Threshold to 25K COMP is in the voting period. Find the latest Compound proposals here.
-UNI Letters #14. Uniswap Labs have created a donate interface that swaps any token for ETH and then sends it directly to the Ukrainian government in a single transaction. Unigrants Community Analytics bounty winners and memorable submissions have been published. The latest Uniswap proposals are here.
-MetaMask adjustments on EIP-1559 have been published.
-ApeX Protocol public beta is live on Arbitrum: ApeX Protocol’s public beta on Arbitrum Mainnet is launched.
-Yield Protocol is live on Arbitrum: Users on layer 2 can now enjoy the benefits of collateralized fixed rate lending and borrow at a fraction of gas costs.
-Kromatika Finance live on Arbitrum: Kromatika is the first limit order protocol launching on Arbitrum Layer2 integrated with Uniswap V3 providing huge savings for limit trading.
-zkLend introduced: zkLend is an L2 money-market project built on StarkNet, combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security. The project encompasses two protocols — Artemis and Apollo, with the former catered to the needs of DeFi users while the latter focused on compliance conscious institutional players.
-Lido adds Polygon support: Stake your MATIC with Lido for an effortless staking experience.
-Tally adds a swap feature to its wallet: You can now swap tokens inside your Tally wallet.
-Avado adds support for Rocket Pool minipools: Avado now offers support for running Rocket Pool minipools. This improves access to a decentralized staking solution for many people who otherwise couldn’t participate.
-Alpha Road Finance vision detailed: Pioneer in DeFi L2 solution — Alpha Road aims at maximizing user investment returns by providing next gen DeFi experience and bespoke financial products.
-Galleon launches the ETH Max Yield Index: ETHMAXY is a 3x+ stETH based leveraged index aiming to deliver the highest ETH yield in DeFi whilst remaining fully composable.
-WalletConnect raises $11 million: Web3 infra startup WalletConnect has raised $11 million in a Series A funding round co-led by Union Square Ventures and 1kx.
-Diagonal raises $2.5 million: Diagonal announced that they have raised a $2.5 million pre-seed round, to enable crypto native subscriptions on Ethereum.
-xPollinate rebranded to Connext Bridge on March 7th.
-Biden issued an Executive Order on crypto, stating that Federal agencies are going to evaluate their approach with different priorities in the digital asset sector.
-Visualizing the bytecode of a single Ethereum transaction.
-Evaluating Beacon Nodes 2022 Edition.
-Dune Analytics dashboard on Ethereum Gas.
-And more!
Read the full report here.
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