DeFi in Ether
Biweekly update on Ethereum DeFi ecosystem vol.6, 27th May — 10th June
DeFi is back to $1B, OMG Network launches, Loopring Pay is live, DeversiFi releases new privacy DEX, Raiden v1 is live, mStable unleashes mUSD, Ren launches RenVM, 1inch introduces Chi, Balancer kicks off liquidity mining and much more!
TL;DR
- OMG Network V1 public mainnet beta now live. This new public beta is a fully trustless, low cost, high throughput way to transfer value at the same level of security as Ethereum.
- Loopring’s zkRollup now supports not just trading, but transfers as well.
- DeversiFi — a professional-grade, self-custodial exchange — deployed a new version of their non-custodial DEX powered by StarkWare.
- Aave integrates Uniswap LP tokens: the growing lending protocol now allows users to borrow a range of assets with UNI LP tokens.
- The Raiden Network Alderaan release went live on the Ethereum mainnet.
- Compound releases details on COMP distribution.
- Ren Protocol launches RenVM. The mainnet launch brings a novel, trustless solution for users to mint BTC, BCH, and ZEC on Ethereum.
- The synthetixDAO is funding a four-week trial to incentivise a new SNX/USDC 90/10 liquidity pool on Balancer. Moreover, the Altair release is now complete, the system is back up and all tokens are transferrable once more.
- Maker adds TUSD and USDC-B.
- Balancer Labs started considering liquidity held on Balancer protocol for the distribution of governance tokens.
- Over the last two months, the Dharma team has collaborated closely with Interstate on developing a practical layer-two system for scaling peer-to-peer payments on Ethereum. Last week, they open-sourced Tiramisu — their implementation of this system. Furthermore, Dharma users can natively buy and sell ETH from their Dharma balance.
- The 1inch team has launched Chi, a next-generation Gastoken that allows users to significantly save on gas.
- The Ethereum Venture studio announced the acquisition of Fluidity, the developer team behind AirSwap and the Tokenized Asset Portfolio (TAP).
- ConsenSys starts compliance service for tokens.
- mStable goes live with a new protocol for stablecoin aggregation, including a native stablecoin mUSD and a governance token MTA.
- DeFi governance is heating up: both Curve and pTokens released details earlier surrounding native governance tokens.
- Formatic — a rising smart wallet — has just announced a rebrand to Magic in tandem with the closing of a $4M seed round.
- Bancor announces V0.6 protocol upgrade In preparation for Bancor V2.
- 0x teamed up with Dune Analytics. 0x Developer Update — June 2020 with new technical developments from the 0x team and ecosystem is out.
- UMA released its documentation on Liquidation and Dispute bots.
- Rocket Pool 2.5 announced. Major features include the introduction of tokenized staking deposits, continuous staking, extra deposit safety and updated RPL tokenomics.
- Spot Markets are now live on dYdX. Also, the dYdX team featured on Into the Ether podcast.
- Nexus Mutual released details for the wider vision of the mutual and how it can scale into a “super-efficient Lloyds of London” in less than 12 months.
- DeFi777 introduced.
- Pool Pipes, a feature released by the ZapperFi team that aims to help reduce liquidity fragmentation throughout DeFi, introduced.
- Opium Exchange launches pre-market options for governance tokens.
- Minimum Viable Decentralized Exchange tutorial by Austin Griffith.
- DeFi Tokens, So Hot Right Now — The Daily Gwei #3.
- HackMoney — the virtual DeFi hackathon from ETHGlobal — has concluded.
- Kyber Ecosystem Report #15 is out.
- Gitcoin Grants round 6 is scheduled for June 15th.
- Southeast Asia DeFi Week took place.
- Polkadot DeFi Day introduced.
- And much more!
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