DeFi in Ether vol.10
Biweekly update on Ethereum DeFi ecosystem, 22nd July — 5th August
Augur V2 goes Live, Bancor V2 launches, Coinbase introduces Dai rewards, MANA added as Dai collateral, Aavenomics upgrade announced, mStable’s EARN is live, yEarn v2 introduced, Dharma integrates Uniswap, 1inch passed 1 billion USD in volume, and much more!
TL;DR
- Augur v2 launched and then relaunched with no more GSN/new account fee.
- The Bancor v2 smart contracts have been successfully deployed to the Ethereum mainnet.
- Coinbase customers in the US, UK, Netherlands, Spain, France, and Australia can now access a 2% APY on their Dai through Coinbase.
- Check out Aave July newsletter for a recap of the month, including Credit Delegation, Aavenomics (their new tokenomics upgrade proposal which includes key things such as a migration from LEND to AAVE at a 100:1 basis, the introduction of a safety module, liquidity mining), and more.
- MKR holders accepted Decentraland’s MANA as a new collateral asset into the Maker Protocol, and several votes on asset debt ceiling increases were held.
- In the latest Compound newsletter, read about: two new proposals that passed through Compound’s governance system (effecting REP and DAI), COMP delegation and voting with gas-less signatures, Q&A with the HAL team which built Compound.
- mStable introduces EARN: a hub that allows you to stream and keep track of your MTA rewards in real time.
- Last week,
yearn.finance V2 was announced. It has three main components: yVaults, Controller and Strategies.
- Dharma is adding token-exchange protocol Uniswap as its latest in-app offering.
- 1inch passed 1 billion USD in volume and Silicon Valley’s Russ Hanneman made 1inch a “3 comma club” video. Read how to use Chi token to save 50% ETH gas fee in 1inchExchange.
- Gnosis Safe Multisig Mobile Beta announced. Gnosis Bug Bounty launched.
- Liquidity mining on UMA is now live. The yield dollar from UMA can be minted by staking WETH as collateral which means that traders can leverage their long positions on ETH with a fixed interest rate.
- Over $100 million in volume has now flown through 0x API. The team announced a bug bounty for the 0x Exchange Proxy.
Matcha.xyz just crossed $50M in volume since launch.
- The first Nexus Mutual Bug Bounty announced.
- Set V2 introduced, a new protocol built to give users and portfolio managers access to all of the exciting opportunities available to them in DeFi.
- Watch Kyber Network Live Q&A on Chainlink integration, decentralized oracles, and the Future of DeFi.
- Last past month the Loopring team primarily focused on the contract upgrades and audit of Loopring Smart Wallet 1.1, and the development and testing of Loopring Protocol 3.6. Related research and development are progressing smoothly. Loopring now supports Compound cTokens and Aave aTokens for zkRollup transfers (Loopring Pay).
- The Synthetix team has published an overview of what’s still planned for Synthetix for the rest of 2020. Kain Warwick has published his views on the current state of Synthetix for H2, 2020. They also released an update announcing that the Synthetix Foundation has been decommissioned and the protocol is now under the control of three distinct DAO’s: the protocolDAO, the grantsDAO, and the synthetixDAO.
- The Wolpertinger is here. Raiden Network have released version 1.1.1 of the Raiden client.
- RenVM has surpassed 100M USD in total volume. Check out July Development Update and fresh Ren Ecosystem Update.
- Balancer just surpassed $500 million in all-time volume.
- xDai weekly recap is here.
- New Zerion launched.
- Matic Network is launching a DeFi Incubator Program.
- PieDAO has three DeFi index tokens in the works.
- Short DAI introduced.
- These weeks podcasts, and more!
#DeFi_in_Ether
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