Biweekly update on Ethereum DeFi ecosystem vol.39, 28th September - 12th October

$90B in DeFi, Aave Arc gears up for launch, Yearn goes multichain with Fantom, Dharma introduces cross-chain quoting, Fei v2 announced, Alchemix roadmap, mStable's Q4 roadmap, 0x turns 5, and more

Oct 12, 2021

TL;DR

-$90B in DeFi this week, currently at ~ $89.74B, with Maker dominance 15.15%.

-Yearn Finance goes multichain with the launch of Iron Bank Fantom and the first Fantom vaults on beta.yearn.finance. Yearn Finance Newsletter #48.

-Aave Arc gears up for launch: Aave Arc, a permissioned version of the popular DeFi lending platform Aave, is getting ready for its first deployment. Latest Aave News: Avalanche Growth, Voting Delay Period, and Fantom Fork. Follow the Aave governance forum.

-$66M has been recently added to the vulnerable Compound contract, making more funds available for exploitation. Compound proposals 64 and 62 successfully passed. Find the latest Compound proposals here.

-Cross-chain quoting on Dharma has been introduced: Dharma now gives quotes for assets users want to buy by checking multiple chains such as Ethereum and Polygon’s PoS chain. Swaps on Dharma are now powered by 1inch.

-Polygon bolsters Augur betting platform with $1M liquidity program. Augur is looking to expand into betting markets such as the National Football League, the National Basketball Association and Major League Baseball.

-Layer 1 Wind Down: The dYdX team will be winding down dYdX Layer 1 spot trading, margin trading, and borrowing on November 1, 2021 at 18:00 UTC. XMR now live: XMR-USD is now live. Start trading Monero (XMR) today on dYdX, with up to 10x leverage. Review of Epoch 1: Second round of updates from the dYdX team on the ecosystem, community, mining programs, and more. The dYdX Boom | Antonio Juliano (SotN 10/4).

-UMA KPI Options for SMART Alpha are now live. UMA Range Token Retro: Analyzing the first implementation by a DAO. State of KPI liquidity mining: Taking a look at the current teams launching KPI based liquidity mining.

-0x turns 5! Clipper Integrates with 0x.0x Protocol is now live at Rubic.exchange.

-Matcha launched Gasless Trading into open beta.

-Loopring Quarterly Update: 2021/Q3: Updates on Loopring’s NFT support, the Loopring Exchange, counterfactual Loopring wallet and more. Loopring L2 Liquidity Mining: Round 15: Get ready for round 15 of incentives on Loopring’s L2 AMM & Orderbook exchange, which began on October 7, and will be lasting 28 days. During the event, the settlement cycle will be every seven days. With a total of 4 cycles, rewards will be distributed on the seventh day of each cycle.

-Ren updates: September Development Update: This month the core development team has been focused dominantly on improving tools and testing the stability and security of upcoming features. September Ecosystem Update: RenVM continues to march onward with its cross-chain expansion with some of the biggest mints we’ve seen to date and Host to Host right around the corner. RenVM continues to gain consistent traction in each ecosystem it expands into.

-The 1inch Network is integrated into Dharma: All swaps on the Ethereum wallet are now powered by 1inch. 1inch teamed up with Unstoppable Domains as a founding member of The Wallet Alliance to accelerate the adoption of wallet payments and change the way crypto is sent around the world.

-The Curve EURS yvault has now been added to Enzyme. Check out MFP: Enzyme Funding Proposals here.

-mStable’s Q4 Roadmap: This post covers a list of short term goals that the core contributor group is working on along with our Metanauts, and includes some soon-to-be-made proposals which will be voted on by Meta governors. Highlights include changes to the MTA emissions, Factory Feeder Pools and targeting of new EVM compatible ecosystems. Check out mStable’s latest proposals here.

-Alchemix roadmap: In this post, the Alchemix team details their long-term development roadmap including their layer 2 plans, the path to decentralization, the AlchemixDAO and much more.

-Index Cooperative launches Data Economy Index ($DATA) in collaboration with Ren: The Data Economy Index (DATA) is a basket of 7 tokens designed to provide accessible, passive exposure to the second largest Web3 sector, the data economy. Filecoin is a major component of the data economy and one of the top holdings within the DATA Index. Index Coop vs. Bitwise. The Definitive Guide to the Bankless BED Index. Conversations with the Coop — BoredElonMusk. Find the latest Index Coop proposals here.

-Introducing Bancor Bounties on Layer3: The team announces that they’re working with Layer3 on incentivizing content that educates users on Bancor. The Bancorian | A Weekly Summary-October 3rd 2021: This is a weekly publication where we cover dev, ecosystem, social media, governance, and community updates. Latest proposals.

-Kyber updates: Jarvis Network enhances jFIATs token liquidity on Polygon with KyberDMM. The Rome Terminal launches with KyberDMM DEX integration. DeFi Yield Protocol enhances DYP token liquidity on Avalanche with KyberDMM. Find out all Kyber proposals here. Check them out on GitHub.

-Introducing Fei v2: Fei v2 brings with it a host of new features including robust peg maintenance, efficient management of risk, liquidity and yield, aligned incentives between TRIBE and FEI holders and more.

-Balancer Grants Monthly Update #2: The Balancer Ecosystem is continuing to grow. Gerg from Balancer Labs posts another community update. The latest Balancer Report is here.

-UniCode — a community hackathon for Uniswap — now has $125k+ on the table. Join the global Uniswap community online Oct. 29th — Nov. 10th and build the future of DeFi. UGP Wave 5 — The Community & Beyond. Latest Uniswap proposals are here.

-The Inaugural Treasury Council: The first Synthetix Treasury Council was elected alongside the other DAO’s within the Synthetix governance system. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now-dissolved synthetixDAO. It was one of the last remaining areas of centralisation and this transition marks the end of an important but opaque function which the synthetixDAO, as a proxy for the previous foundation structure was performing. The Sargas Release: This release brings some new features to Synthetix on the Optimistic Ethereum L2: SIP-135 — L2 Shorting: This SIP brings shorting capabilities (that have been available on L1) to L2.

-3,2,1,…Close your channels: The new Raiden smart contracts to be deployed on the mainnet soon are not backward compatible. To be safe and before upgrading your Raiden Clients, the team advises you to withdraw your tokens from your channels until October 15th. [GIT] Weekly Update 189: Have you read the latest update this weekend? Edition 189 covers: UX/UI testing of the Raiden dApp, still ongoing testing phase before mainnet release, progress on the Arbitrum deployment research.

-xDai Weekly Recap October 8, 2021 was published.

-Check out the latest Gnosis community call on their Youtube. Find out the latest GnosisDAO proposals here.

-Lido Ethereum staking dashboard introduced: Users can now track their Lido staking deposits, daily rewards, average staking APR and much more — at the click of a button.

-Introducing FundMovr: seamless cross-chain bridging: FundMovr is the Google Maps for the multi-chain world: it helps users move their funds between chains via the best possible route.

-Cryptotesters Academy launched: This academy has tutorials on the most basic things a beginner needs to know to start their DeFi journey.

-Merit Circle raises $4.5 Million: The seed round had participation from DeFiance Capital, Mechanism Capital, Digital Currency Group and more with some angels also joining the round.

-Officials from the Fed are reportedly preparing for a review of a central bank digital currency.

-The Bank of America has recently launched its digital asset research.

-How the Greatest Decentralizing Force for Crypto Projects Is the SEC on Unchained.

-The Golden Age of Ethereum on The Daily Gwei.

-A Vision of Ethereum: 2025 on Polynya.

-Why ETH Will Hit $20K on Bankless.

-And more!