Biweekly update on Ethereum DeFi ecosystem vol.21, 22nd December - 4th January
$17B in DeFi this week, 1INCH token is here, Curve sETH pool is live, PieDAO is launching YPIE, The Shaula release, 2020 in review from Aave, Uniswap, Synthetix, xDai, Raiden, Ren, UMA...
TL;DR
-More than $17B in DeFi this week, currently at ~$17.45B, with Maker dominance 21.03%.
-1inch hits $8B in total volume. Moreover, there are now over 500k in total swaps on 1inch.exchange. Good news is, 1INCH token released, a governance and utility token for the 1inch Network. The 1INCH token will be used to govern all 1inch Network protocols. Track 1inch token claims.
-Yearn updates: Simplified Vault Registry merged. YPIE PieVault and Sushiswap collaboration announced. Check out the latest YFI Pulse.
-Find some highlights of Aave 2020 in the December Newsletter: 2020 a year in review. Aave V2 Design Upgrade: In this post, Rowan van Ginkel from Aave details the process that he and the team went through when designing the new Aave v2. Also, AAVE was selected as the next token to receive BNT liquidity mining. And Aave V2 is live in ParaSwap.
-Read in the latest Compound newsletter: news about OKCoin Integration, COMP.Vote launch, Developer Community Call recap, Governance updates. Since the last newsletter, Proposals 33 Remove automatic COMP claims and COMP speed refresh and 34 Semi-Permanent Gas Saving Measures for the DAI Market passed through governance with near-unanimous support from the community. Forby, Rober Leshner, joined SCB 10X Virtual Summit to discuss the DeFi landscape and governance models.
-Uniswap’s Year in Review: 2020 is out.
-Check out xDai year in review.
-Synthetix 2020 — A decade in review is out. The Shaula release deployed two major protocol changes, SIP-97 and SIP-103. Multicollateral loans and sUSD shorts are now live, but only at a contract level — the team will be rolling out the frontend for these new features soon.
-UMA Token Release & Treasury Update: UMA founders and early investors have agreed to an additional two-year lockup; the Risk Labs Foundation now holds over $15mm in non-UMA assets; 2021 is going to be wild with more developer mining, new perpetual synthetic assets, and an “optimistic” oracle that builds off the R&D.
-Degenerative Finance launched: Degenerative Finance is a new product built by Yam on UMA.
-The DeFi Pulse Index DPI just reached a new all time high. There’s currently an active MIP on the MakeDAO governance forum to whitelist Set Protocol for YFI/USD oracle access.
-You can now watch the replay of mStable Community Call 004. The genesis team discussed progress on recent MIPs, current MIPs in development, the new incentivized constant sum market maker (ICSMM), and governance proposals.
-The latest Balancer Report is here.
-Check out Bancor Progress Update full of December highlights. Guides were published on how to stake and earn SNX and AAVE on Bancor v2.1.
-Loopring v3.6 API is out. Now you can interact with the zkRollup to transfer, trade, swap, be an LP… all gaslessly, all programmatically.
-Check out the latest Raiden Weekly. Update 150 covers development progress of this year, events the team took part in, demos of 2020.
-Ren in 2021: development update, year in review and a look forward to 2021. Ren Ecosystem Update is out. OpenDAO integrates RenVM: mint yield dollars with BTC.
-Yam Treasury Quarterly Update: The team explores their community governed treasury and takes a peak at what’s coming next.
-Curve launched its sETH pool, the protocol’s first Ethereum-based pool. Ahead of the Curve #004: Updates from the Curve ecosystem including a look at governance, the ecosystem and Curve in the news.
-Introducing Dexible, a decentralized exchange tool that enables private, non-custodial flexible DeFi automation and the first Stop-Loss orders for retail DeFi.
-Decentralized derivatives project Opium Protocol released a token economics report on its OPIUM governance token.
-2020: Year in Review by DeFi Pulse.
-2020 Year in Review: DeFi by Decrypt.
-Some of the biggest DeFi events of 2020 by The Block.
-DeFi Person of the Year 2020 by DeFi Prime.
And much more!
Read the full report here.
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