Biweekly update on Ethereum DeFi ecosystem vol.31, 25th May — 8th June
Aave reaches #1 spot in TVL, Arbitrum One mainnet beta live, Matcha 2 is here, One Year of RenVM, Yearn Finance + Chainlink, Okcoin integrates Polygon, Gnosis client dev team joins Erigon...
TL;DR
-More than $59B in DeFi this week, currently at ~ $59.3B, with Aave dominance 15.34%.
-Congratulations on reaching the number #1 spot in TVL Aave! Community Call May- hosted by Aave Grants DAO took place. Follow the Aave governance forum.
-PDP 22 and PDP 23 have been successfully passed by MTA governors: mStable has reduced swap fees on mStable to 0.02%. All fees earned from platform swaps will go directly to users in Save — providing a more secure, profitable, and usable way to hodl stores of stable value. mUSD from the Feeder Pools into Cream Finance’s Iron Bank in order to increase the utilization and APY of Feeder Pools. Check out mStable’s latest proposals here. Furthermore, mStable POAPs are live.
-Yearn Finance + Chainlink: The team opened the native LINK vault. In the last Yearn Finance Newsletter #35: Yearn has purchased and locked 1.42M CRV for the backscratcher; Cumulative protocol revenue reaches $22M; Yearn V2 Vaults have produced over $50M in revenue for users; Forum proposal: Own the land on which we operate. Join the discussion here. Monthly AMA concluded. You can read a recap of this AMA here. Seba Bank’s new report on Yearn.
-Making Maker: May 2021: In May, the MakerDAO community added additional Vault types to the Liquidations 2.0 framework and voted on Oracle updates, Core Unit budgets, and more. A Multichain Strategy and Roadmap for Maker: In this post, Maker details their multichain and layer 2 strategy along with how they think about each solution. Governance Polls: Onboarding Real-World Assets, Parameter Changes, and more & Add new Vault Types. Executive Votes: June Core Unit Budget Distributions, Other Changes & Urgent Changes, Oracle Whitelisting, Liquidations 2.0 Activations. The Maker Community’s Next Call to Adventure: What started as a handful of open initiatives, Community Development’s programs expanded to support a growing MakerDAO.
-xDai Weekly Recap — 04/06/2021: This recap focuses on network updates, protocol metrics, projects & more.
-0x API is now live on Polygon, aggregating liquidity across all existing sources — including QuickSwap, SushiSwap, Curve, Dodo, mStable, Dfyn, Cometh and more. Check out the documentation.
-Matcha 2.0 is here! More details.Matcha Art Contest.
-Introducing Arbitrum One: Arbitrum One mainnet beta has now launched for developers with over 250 teams having registered for deployment already. The network will most likely be opened to the public in the next few weeks. Arbitrum also announced that they have teamed up with Etherscan to build out a block explorer (expected in late July) and they have also teamed up with Alchemy.
-Uniswap v3 has been deployed to Arbitrum mainnet. Latest Uniswap proposals are here. Uniswap v3 Calculator Released: This new tool from Flipside Crypto allows users to input a bunch of different parameters to calculate different v3 LP outcomes. A tool to help people manage their Uniswap v3 LP’s.
-Okcoin integrates with Polygon: Okcoin users can now withdraw Ethereum-based assets from Okcoin to Polygon directly.
-Last week in Augur: Augur Turbo launches; NBA futures odds; NBA Playoffs: first round; PGA Championship; Cryptocurrency capitulation.
-dYdX has reached $2 billion in total volume on the Layer 2 Perpetuals powered by StarkWare since launching publicly on mainnet in April. The UMA-USD Perpetual Market is live for trading on Layer 2. As part of dYdX’s continued commitment to transparency, the team shares a public dashboard of various dYdX Layer 2 metrics. Check it out at metrics.dydx.exchange.AMA with Bitlink — Market Making on dYdX.
-Gnosis client development team Joins Erigon (formerly Turbo-Geth) to Release Next-Gen Ethereum Client: While putting greater resources toward this effort, Gnosis will deprecate the OpenEthereum legacy codebase and work on a migration path for all existing users. EulerBeats x Gnosis Safe: A Case Study in Collective NFT Ownership. Zero Knowledge Episode 183: CowSwap & DAO Tech with Gnosis’s Martin Köppelmann. Find out the latest GnosisDAO proposals here.
-UMA’s ICYMI #16: Week ending 28th May. UMA Developer Watch: A proposal has been submitted that would add BAND, SDT, KP3R, CREAM, CHAIN and ERN as approved price identifiers against USD.
-One Year of RenVM: A recap of accomplishments and what’s to come in the years ahead. May Development Update. Ren Ecosystem Update: May 2021. RenVM latest integrations: Polygon, Fantom, Avalanche.
-Set Raises $14M Series A: Set Labs has raised a $14M Series A round led by 1kx and Hashed with participation from Mechanism Capital, Defiance, Spartan, ParaFi, Coinbase Ventures, Craft, Threshold Ventures, and long-term Set community members.
-Introduction to the INDEX Token. IIP-41 is live for voting: This a proposal to allow Index Coop investors and contributors who participated in the recent strategic sale to vote with tokens from the OTC vesting contract. IIP-47 is live for voting: This is a proposal to update both ETH2x-FLI and BTC2x-FLI to use Chainlink’s oracles for price feeds rather than Compound’s. Find latest Index Coop proposals here. View from the Nest #30.
-OTC swap feature added to 1inch dApp: OTC offers users zero-slippage trades protected from front-running. 1inch Network partners with Mercuryo:, 1inch Wallet users will be able to buy DeFi assets using a fiat-on-ramp gateway. How the 1inch Network allows users to save on gas: The next post in our series on the advantages of the 1inch Network is focused on how users can save on gas. 1inch successfully surpasses $50B in total trading volume on Ethereum network.
-Balancer Labs Raises $24.25 Million: This fresh round of capital comes from investors Blockchain Capital, Fintech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick and Jordan Momtazi. The latest Balancer Report is here.
-How to Delegate Voting Power in the BancorDAO: Vote delegation allows community members to nominate other community members to vote on their behalf. Bancor Community Call Summary, June 6 2021: Bancor hosts weekly community calls with core contributors every Sunday 1pm UTC in Bancor’s Telegram voice chat. Bancor Community Call Summary, May 30 2021: Bancor V3, mining rewards & DAO updates. Weekly Dev Update. OPIUM, QUICK & RARI have been whitelisted by the BancorDAO. Get involved at gov.bancor.network. Latest proposals.
-OKEx, Huobi, Bitfinex, FTX, etc have completed the KNC token migration and new KNC is now supported there. KIP-9: Kyber DMM Expansion and Liquidity Mining on Polygon is in the voting period. Find out all proposals here. Check them out on GitHub. Latest Kyber Weekly Blitz.
-Loopring L2 Liquidity Mining: Round 9. Loopring AMA Series: Vesper Finance.
-Raiden weekly number 172 is out. This issue covers: New RCs released and refund transfer has been removed;Some bugs discovered and fixed during RC testing; Light Client continues preparation for mainnet release.
-Coinbase links its Visa debit card with Apple Pay, Google Pay: Coinbase’s debit card product is now usable via Apple Pay and Google Pay, according to a blog post from the crypto exchange and services provider.
-Google is revamping its ad policy for crypto exchanges and wallets: Google is expanding the scope of its crypto-related advertisement policy, the latest development in a years-long back and forth from the tech giant.
-Zapper levels up: Zapper are now starting to gamify the DeFi experience with their Leveling Up update which allows users to gain experience for doing different tasks on Zapper and earn special NFT prizes.
-Alpha Finance May monthly summary & June sneak peek: This update details all the exciting things that happened in the month of May for Alpha Finance and a sneak peek at what’s coming in June.
-mistX launched: mistX is the worlds first FlashDEX that makes Flashbots technology available to everyone — enabling front-running protection and more.
-Circle raises $440 Million: Circle, the company behind the fast-growing dollar-pegged coin USDC, has raised $440 million in fresh capital.
-DeFi protocols reportedly generated more than $370M in revenue just in May.
-The Core of Ethereum on The Daily Gwei.
-All Hail MasterChef: Analysing Yield Farming Activity.
-Vitalik Buterin: Ethereum 2.0 on Lex Fridman Podcast.
-Liquity & LUSD | Founder Robert Lauko on Bankless.
-Is CowSwap the most innovative DEX? | With Hasu and Felix Leupold on Uncommon Core.
-UC Berkeley DeFi Spring 2021 Lecture 8.
-And more!
Read the full report here.
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