DeFi in Ether: Maker unveiled the Optimism Dai Bridge, 0x DAO announced, Overlay introduced, Yearn partners are here, renDGB is live on Ethereum, Aave AMM market released, mStable governance & dev updates, Yam presents DAO House, Gnosis SafeSnap introduced, Spartan Council updates, and more!
Biweekly update on Ethereum DeFi ecosystem vol.26, 2nd March — 16th March
- $43.5B in DeFi this week, with Maker dominance 16.11%.
- Maker has unveiled the Optimism Dai Bridge, which will let users quickly move Dai between Ethereum and the Optimism L2 without having to worry about long withdrawal periods. Track all maker improvement proposals in the new MIPs Portal. The Governance Facilitators have placed a Governance Poll ‘Greenlights, Parameter Adjustments, and more’ into the voting system on behalf of the MakerDAO Risk Domain Team. The Governance Facilitators and the MakerDAO Smart Contracts Domain Team have placed an executive proposal ‘Stability Fee Changes, Onboarding ETH-C’ into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. A Brief History of Decentralized Finance (DeFi): Ethereum dapps provide financial services for all. Let’s explore the history of decentralized finance (DeFi), and why it’s so important to the future of finance. Welcoming Minorities Into DeFi: A Conversation with Maker Board Chairperson Tonya Evans: Maker Foundation Board Chairperson Tonya M. Evans discusses her passion for DeFi and its potential to welcome minorities and offer financial inclusion for all.
- Compound Proposal 41 by blck begins the migration of legacy cToken contracts to the latest cToken standard, starting with the WBTC market. If this proposal passes, no immediate action will be required: migrate from the legacy WBTC contract to the latest contract at your own pace. Both markets will function normally. Future governance proposals may restrict, or deprecate, the legacy contract. Proposal 40 to start a program called the Compound Grants Program (“CGP”), which will provide funding to projects, ideas, and events that benefit Compound and its stakeholders, passed on March 14th, 2021. Proposal 39 ‘ZRX, BAT, and WBTC Parameter Update’ passed on March 8th, 2021.
- xDai weekly recap focuses on the latest news and project updates on xDai, and more. New buttons/links added to POSDAO staking app including Add xDai to MetaMask feature. Market Cap surpassed 100M, Tx/day approaching 250K.
- Superfluid is live on Matic & xDAI: Superfluid Protocol has been successfully deployed by community members on both Matic & xDAI which means users can now send streams of tokens on both of these networks.
- Yearn partners announced: the partners aim to make Yearn vaults accessible from virtually anywhere. Any protocol that integrates Yearn vaults can earn up to a 50% profit share from their contributed TVL. Weekly partnership roundup discussing updates involving partners in the Yearn ecosystem is here. Yearn also relaunched the ETH vault and added improvements to the website. You can read the weekly synopsis regarding Yearn’s yVaults, including current strategies and upcoming changes here. Moreover, Boardroom released, a portal for governance to view proposals, discussions, breakdowns, and more. Latest Yearn Finance Newsletter #26 covers the news on: Coordinape, a scalable and permissionless platform for decentralized operations built by Yearn for the demanding needs of the community and other emerging DeFi protocols; new Zap for the yveCRV-ETH Pickle farm; Yearn.Vision: a new monitoring dashboard; ecosystem news, and more. yearn.fi updated v1.0.1. LTV (Loan To Value or Collateral %) lookup added. Andre Cronje published a primer covering how keep3r.network and unit.xyz work.
- mStable Monthly Dev Update — February 2021: A review of recent development within the mStable ecosystem. Check out March Monthly AMA — Buy Back & Make and Feeder Pools. mStable Governance Update goes through Meta staking v1, an introduction to the DAOs and the mStable association, the ongoing distribution of Meta and more. Proposals MDP 17, 18, 18.1 Swiss Association funding — MTA are now up for voting.
- The new AMM Liquidity Pool enables liquidity providers (“LPs”) of Uniswap and Balancer to use their LP tokens as collateral in the Aave Protocol. Taurus has integrated Aave Protocol V1 & V2, enabling institutional and banking clients to directly deposit and borrow a wide range of digital assets. The latest Aave Weekly is here.
- Introducing the 0x community DAO: The next step towards decentralized governance. This next step toward on-chain governance begins in just a few weeks with the launch of a 2,000,000 $ZRX community-owned treasury, which can be used any way the community sees fit. 0x Ecosystem Update, February 2021 is out. Good news is, the Matcha team has upgraded Matcha to 0x V4 to continue bringing the users the best prices on the market. Users will now enjoy: 70% more savings on 0x RFQ gas costs, 0% more savings on limit orders, and more.
- MetaMask Custom Networks API released: This new API allows developers to recommend a variety of chains to their users, including Layer 2 networks.
- Overlay, a protocol that allows users to trade nearly any streaming data without the need for traditional counterparties, introduced. This data can be nearly anything: DeFi tokens, sentiment analytics, Seattle’s crime rate, NFT indexes, political and natural markets, the list goes on.
- Antonio Juliano of dYdX talked about the launch of dYdX on Ethereum Layer 2, why they think ZK rollups are better than Optimistic rollups, and how DeFi might better handle a GameStop situation on ‘Unchained’. Also, AMA with dYdX & StarkWare — Scaling Perpetual Trading with Layer 2 took place.
- SafeSnap — the first in a decentralized governance tool suite for the Gnosis Safe, introduced. The team also announced a new Lego piece in the toy-box: Gnosis Auction. Experience & Challenges of Building a Fully Decentralized Trading Protocol: As the team approaches the one year anniversary launch date of the Gnosis Protocol, they shed some light on the experiences & challenges of building for full decentralization. Find out the latest GIPs & discussions on the Gnosis forum.
- UMA Call Options Now Live: Building Call Options on UMA (Part 2): 1 million UMA call option tokens have been minted with a $35 strike price and April 30th, 2021 expiry. These call option tokens are all pooled with UMA tokens on SushiSwap and anybody is free to buy them if they want leveraged, limited downside exposure on UMA. UMA token holders can also mint and sell these call option tokens to earn income. At the moment, there is no minting UI, but UMA will pay a bounty for the creation of one. Any DeFi project can design their own call option tokens on UMA’s infrastructure and take advantage of the many strategic uses. Expect more decentralized call option tokens to come in the near future. Check out also uLABS: Building Call Options on UMA (Part 1) In Case You Missed It #5: Week ending 12th March UMA Airdrop Recipient Addresses: UMA’s airdrop of the uTVL KPI Options tokens will target the UMA community and a selection of DeFi governance communities. The qualifying addresses are listed below. Skip to the readme on Github.
- Several new articles appeared in the Enzyme blog: A Simple Add-On Tool to Shield Vault Manager’s Time, Performance and Gas Costs: A new and simple shielding tool on Enzyme announced. Monetising your Vaults: the inner workings of fees on Enzyme: Discover the inner workings of how fees can be used to align interests btw Vault Managers & Depositors. Building a Trading Bot on Enzyme: The first part of a series around building trading bots to interact with Enzyme. Furthermore, Enzymes Community Call #2 recording is now available for anyone who wasn’t able to make it. The team also launched an Enzyme tutorial series on youtube.
- Set Protocol launches a custom FAANG index set for 5 major tech mAssets — Facebook, Amazon, Apple, Netflix, and Google.
- Index Coop treasury report is here.
- Nexus Mutual bonding curve has been improved: What does that mean for you, and why was it done in the first place? The team is diving into the details in this article. Summary can be found in this thread.
- 1inch is partnering up with blockchain data provider Bitquery to collaborate on improving the DEX segment. Moreover, 1inch partners with BakerySwap. 1inch lets its users connect with Arkane and Arkane lets its users swap with 1inch. Go check the 1inch application published on the MakerDAO’s forum. The team is working with guys from The Giving Block: 1inch became the first DeFi platform to add crypto donation features. Also, cross margin trading for 1INCH now enabled on Binance.
- The latest Balancer Report is here.
- Bancor Progress Update (March 2021) is here. In the last month, the total value locked in the Bancor Protocol has more than doubled, exceeding $1.6 billion. Bancor broke into the top 10 projects by TVL and now generates the fifth highest revenue of any protocol on Ethereum. Meanwhile, development in the core offering is moving faster than ever.
- Kyber Ecosystem Report #24 (Feb ‘21): Development of Kyber 3.0 is now in full swing and the team has started shipping important components of the upgrade. One such component is the upgrade to the KNC token itself which will vastly expand its role in growing the Kyber Network and this important upgrade is currently being voted on by the KyberDAO. Another important component is the Dynamic Market Maker and the team recently released the DMM Whitepaper which covers how this new model combines Dynamic Fees and preset Amplification Factors to allow for highly optimized and capital efficient market making. As the team delivers on Katana and Kaizen, the two major phases of the Kyber 3.0 releases (you can read full details here) the next few months include the deployment of various Kyber 3.0 pieces. Check out the latest Kyber Weekly Update.
- On What Loopring Is and Isn’t: A look into Loopring — the protocol, products, and vision. This post is part history, part prediction, and seeks to address what Loopring is, and equally important, what it is not. Loopring L2 Liquidity Mining: Round 4: The team launched the fourth round of incentives on March 4th, which lasts 14 days. You can still participate on the Loopring Exchange at exchange.loopring.io, and also via the Loopring Wallet mobile app. The Bottlenecked Blockchain: How High Gas Fees On Ethereum Are Killing My Vibe (and What We Do About It) by Matthew Chaim.
- Check out the latest Raiden Weekly. Update 160 covers: Matrix transport layer refactoring for the Raiden Client; Two new features added to the Light Client; DApp bug fixing.
- Spartan Council updates: voting live for next epoch + integration into Staking dApp: There’s a whole host of updates for the Spartan Council. SNX liquidity incentive for sUSD/DHT Uniswap pool: New liquidity incentive for dHedge’s governance token. Synthetix bug bounty now live on Immunefi.
- Getting to the Greycore: RenVM Greycore Roadmap is here. Ren and Linkswap Welcomes DigiByte (DGB) to DeFi : renDGB is now live on Ethereum. Further, liquidity mining for renDGB starts on Friday, March 19th.
- Yam Finance announces DAO House, a treasury management solution built for DAOs using Set Protocol’s infrastructure. What’s more, Yam Finance published an “ELI5 handbook” for uSTONKs, including how to long and short the basket of tokenized stocks.
- Alpha Homora kicked off its latest ALPHA liquidity mining programs.
- WETH10 now live, a new version of WETH that comes with a bunch of new features such as gasless transactions, zero-fee flash mints and more.
- Pods Finance open beta launches: Users can buy, sell and provide liquidity to ETH and LINK European put options on Kovan. Users can also lock aDAI or USDC as collateral while selling options or providing stablecoin liquidity in the pools.
- Kline, a new decentralized derivatives protocol that was announced last week that raised $7 million from a number of investors, introduced.
- DeversiFi adds fast withdrawals: You can now move your tokens from DeversiFi’s layer 2 exchange back to Ethereum layer 1 in a much faster way.
- Arbitrum launches Fast Transfers: These fast cross-chain ETH transfers allow ETH to be sent from L2 to L1 without waiting for the dispute period (7 days) — all powered by Connext.
- uSTONKS is live: uSTONKS is now live on Degenerative Finance and you can earn rewards for participating.
- Saffron Finance announces fundraise: The round had participation from Dragonfly Capital, Coinbase Ventures, Tally Capital and others.
- Fei Protocol raises $19 million: The raise was led by a16z, Framework Ventures, Coinbase Ventures and Naval Ravikant with participation from others.
- Coinbase listed SUSHI, MATIC, and SKL.
- BarnBridge SMART Yield specs unveiled: SMART Yield allows users to tranche out the yield from the debt pools of other projects, such as Aave, Compound, Cream, or Yearn Finance to normalize the risk curve by creating derivatives for risk mitigation.
- Yield Guild raises $1.325 million: Yield Guild is a DAO that invests in NFT game assets in virtual worlds and lends them out to players to earn an income in the Metaverse. The raise was led by Delphi Digital with participation from Scalar Capital, BlockTower Capital and others.
- DeFi options platform FinNexus just raised $1.5M in a round led by IOSG Ventures.
- Alchemix Finance raised $4.9M from investors like Alameda Research and CMS Holdings.
- Crypto financial services firm BlockFi raised $350M in its Series D round.
- Cross-rollup DEX specification from Vitalik.
- Track DEX aggregator stats using Dune Analytics.
- Why DeFi is the Future | Mark Cuban on Bankless.
- The Daily Gwei Data Pump #3 — Ethereum and DeFi On-chain Analysis.
- And more!
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Total Value Locked in DeFi
$43.5B in DeFi this week, with Maker dominance 16.11%.
Top DeFi Tokens by Market Capitalization
Total Market Cap: $67,236,366,926
DeFi Aggregators
mStable:
- March Monthly AMA — Buy Back & Make and Feeder Pools
- Monthly Dev Update — February 2021: A review of recent development within the mStable ecosystem.
- mStable Governance Update: This update goes through Meta staking v1, an introduction to the DAOs and the mStable association, the ongoing distribution of Meta and more.
- Proposals MDP 17, 18, 18.1 Swiss Association funding — MTA are now up for voting.
yEarn.finance:
- Yearn partners announced: Yearn Partners aims to make Yearn vaults accessible from virtually anywhere. Any protocol that integrates Yearn vaults can earn up to a 50% profit share from their contributed TVL. Weekly partnership roundup discussing updates involving partners in the Yearn ecosystem is here.
- Yearn also relaunched the ETH vault and added improvements to the website.
- Boardroom released, a portal for governance to view proposals, discussions, breakdowns, and more.
- yearn.fi updated v1.0.1. LTV (Loan To Value or Collateral %) lookup added
- Yearn Finance Newsletter #26 covers:
-Coordinape, a scalable and permissionless platform for decentralized operations built by Yearn for the demanding needs of the community and other emerging DeFi protocols.
-Launch of Several New yVaults
-New Zap for the yveCRV-ETH Pickle Farm
-Yearn.Vision: A New Monitoring Dashboard
-State of the Vaults: You can read the weekly synopsis regarding Yearn’s yVaults, including current strategies and upcoming changes here.
-Ecosystem News
- Andre Cronje published a primer covering how keep3r.network and unit.xyz work.
Lending
Aave:
- The new AMM Liquidity Pool enables liquidity providers (“LPs”) of Uniswap and Balancer to use their LP tokens as collateral in the Aave Protocol.
- Taurus has integrated Aave Protocol V1 & V2, enabling institutional and banking clients to directly deposit and borrow a wide range of digital assets.
- The latest Aave Weekly is here.
Compound:
- Proposal 41 by blck begins the migration of legacy cToken contracts to the latest cToken standard, starting with the WBTC market. If this proposal passes, no immediate action will be required: migrate from the legacy WBTC contract to the latest contract at your own pace. Both markets will function normally. Future governance proposals may restrict, or deprecate, the legacy contract.
- Proposal 40 to start a program called the Compound Grants Program (“CGP”), which will provide funding to projects, ideas, and events that benefit Compound and its stakeholders, passed on March 14th, 2021.
- Proposal 39 ‘ZRX, BAT, and WBTC Parameter Update’ passed on March 8th, 2021.
Maker:
- Track All Maker Improvement Proposals In the New MIPs Portal: The MIPs Portal enables anyone to explore the progress of all Maker Improvement Proposals. MIPs are how changes to the Maker Protocol are suggested to the community.
- Governance Poll: Greenlights, Parameter Adjustments, and more: The Governance Facilitators have placed a Governance Poll into the voting system on behalf of the MakerDAO Risk Domain Team. The community can vote in this poll to express support or opposition to these polls on the voting portal.
- Executive Vote: Stability Fee Changes, Onboarding ETH-C: The Governance Facilitator(s) and the MakerDAO Smart Contracts Domain Team have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.
- Executive Vote: Parameter Updates and Onboarding RWA-001
- Maker has unveiled the Optimism Dai Bridge, which will let users quickly move Dai between Ethereum and the Optimism L2 without having to worry about long withdrawal periods.
- Welcoming Minorities Into DeFi: A Conversation with Maker Board Chairperson Tonya Evans: Maker Foundation Board Chairperson Tonya M. Evans discusses her passion for DeFi and its potential to welcome minorities and offer financial inclusion for all.
- A Brief History of Decentralized Finance (DeFi): Ethereum dapps provide financial services for all. Let’s explore the history of decentralized finance (DeFi), and why it’s so important to the future of finance.
xDai:
- xDai weekly recap focuses on the latest news and project updates on xDai, and more. New buttons/links added to POSDAO staking app including Add xDai to MetaMask feature. Market Cap surpassed 100M, Tx/day approaching 250K.
- Superfluid is live on Matic & xDAI: Superfluid Protocol has been successfully deployed by community members on both Matic & xDAI which means users can now send streams of tokens on both of these networks.
Derivatives, Swaps and Prediction Markets
dYdX:
- Antonio Juliano of dYdX talked about the launch of dYdX on Ethereum Layer 2, why they think ZK rollups are better than Optimistic rollups, and how DeFi might better handle a GameStop situation on ‘Unchained’.
- AMA with dYdX & StarkWare — Scaling Perpetual Trading with Layer 2 took place.
Gnosis:
- SafeSnap — the first in a decentralized governance tool suite for the Gnosis Safe, introduced.
- Introducing Gnosis Auction: The team announced a new Lego piece in the toy-box: Gnosis Auction.
- Experience & Challenges of Building a Fully Decentralized Trading Protocol: As the team approaches the one year anniversary launch date of the Gnosis Protocol, they shed some light on the experiences & challenges of building for full decentralization.
- Find out the latest GIPs & discussions on the Gnosis forum.
UMA:
- UMA Call Options Now Live: Building Call Options on UMA (Part 2). 1 million UMA call option tokens have been minted with a $35 strike price and April 30th, 2021 expiry. These call option tokens are all pooled with UMA tokens on SushiSwap and anybody is free to buy them if they want leveraged, limited downside exposure on UMA. UMA token holders can also mint and sell these call option tokens to earn income. At the moment, there is no minting UI, but UMA will pay a bounty for the creation of one. Any DeFi project can design their own call option tokens on UMA’s infrastructure and take advantage of the many strategic uses. Expect more decentralized call option tokens to come in the near future.
- Check out also uLABS: Building Call Options on UMA (Part 1)
- In Case You Missed It #5: Week ending 12th March
- UMA Airdrop Recipient Addresses: UMA’s airdrop of the uTVL KPI Options tokens will target the UMA community and a selection of DeFi governance communities. The qualifying addresses are listed below. Skip to the readme on Github.
Fund Management
Enzyme Finance (formerly Melon):
Several new articles appeared in the Enzyme blog:
- A Simple Add-On Tool to Shield Vault Manager’s Time, Performance and Gas Costs: A new and simple shielding tool on Enzyme announced.
- Monetising your Vaults: the inner workings of fees on Enzyme: Discover the inner workings of how fees can be used to align interests btw Vault Managers & Depositors.
- Building a Trading Bot on Enzyme: The first part of a series around building trading bots to interact with Enzyme.
- Enzymes Community Call #2 recording is now available for anyone who wasn’t able to make it.
- The team also launched an Enzyme tutorial series on youtube:
Set Protocol & Index Coop:
- Set Protocol launches a custom FAANG index set for 5 major tech mAssets — Facebook, Amazon, Apple, Netflix, and Google.
- Index Coop treasury report is here.
Securities, Insurance and NFTs
Nexus Mutual:
- Nexus Mutual bonding curve has been improved: What does that mean for you, and why was it done in the first place? The team is diving into the details in this article.
- Summary can be found in this thread:
Liquidity Relays
0x project:
- Introducing the 0x community DAO: The next step towards decentralized governance. This next step toward on-chain governance begins in just a few weeks with the launch of a 2,000,000 $ZRX community-owned treasury, which can be used any way the community sees fit.
Matcha:
- The Matcha team has upgraded Matcha to 0x V4 to continue bringing the users the best prices on the market. Users will now enjoy: 70% more savings on 0x RFQ gas costs, 0% more savings on limit orders, and more.
1inch:
- 1inch announces strategic partnership with Bitquery: 1inch is partnering up with blockchain data provider Bitquery.io to collaborate on improving the DEX segment.
- 1inch partners with BakerySwap.
- 1inch lets its users connect with Arkane and Arkane lets its users swap with 1inch.
- Go check the 1inch application published on the MakerDAO’s forum.
- The team is working with guys from The Giving Block. 1inch became the first DeFi platform to add crypto donation features.
- Cross margin trading for 1INCH now enabled on Binance.
Bancor:
- Bancor Progress Update (March 2021) is here. In the last month, the total value locked in the Bancor Protocol has more than doubled, exceeding $1.6 billion. Bancor broke into the top 10 projects by TVL and now generates the fifth highest revenue of any protocol on Ethereum. Meanwhile, development in the core offering is moving faster than ever.
Kyber:
- Kyber Ecosystem Report #24 (Feb ‘21): Development of Kyber 3.0 is now in full swing and the team has started shipping important components of the upgrade. One such component is the upgrade to the KNC token itself which will vastly expand its role in growing the Kyber Network and this important upgrade is currently being voted on by the KyberDAO. Another important component is the Dynamic Market Maker and the team recently released the DMM Whitepaper which covers how this new model combines Dynamic Fees and preset Amplification Factors to allow for highly optimized and capital efficient market making. This innovation on existing AMMs will improve on impermanent loss and provide increased profitability to LPs and we look forward to the community and LPs participating in such pools. As the team delivers on Katana and Kaizen, the two major phases of the Kyber 3.0 releases (you can read full details here) the next few months include the deployment of various Kyber 3.0 pieces.
- Kyber Weekly Update is here:
Loopring:
- On What Loopring Is and Isn’t: A look into Loopring — the protocol, products, and vision. This post is part history, part prediction, and seeks to address what Loopring is, and equally important, what it is not.
- Loopring L2 Liquidity Mining: Round 4: The team launched the fourth round of incentives on March 4th, which lasts 14 days. You can still participate on the Loopring Exchange at exchange.loopring.io, and also via the Loopring Wallet mobile app.
- The Bottlenecked Blockchain: How High Gas Fees On Ethereum Are Killing My Vibe (and What We Do About It) by Matthew Chaim.
Payments Networks
Raiden Network:
Check out the latest Raiden Weekly. Update 160 covers:
- Matrix transport layer refactoring for the Raiden Client
- Two new features added to the Light Client
- DApp bug fixing
Synthetix:
- SNX liquidity incentive for sUSD/DHT Uniswap pool: New liquidity incentive for dHedge’s governance token.
- Spartan Council updates: voting live for next epoch + integration into Staking dApp: There’s a whole host of updates for the Spartan Council.
- Synthetix bug bounty now live on Immunefi: The new Synthetix bug bounty is now live on Immunefi.
- Vanadinite product release: What the Core Contributors have been adding across the Synthetix interfaces.
Privacy protocols for DeFi
Ren protocol:
- Getting to the Greycore: RenVM Greycore Roadmap is here.
- Ren and Linkswap Welcomes DigiByte (DGB) to DeFi : renDGB is now live on Ethereum. Further, liquidity mining for renDGB starts on Friday, March 19th.
More updates
- MetaMask Custom Networks API released: This new API allows developers to recommend a variety of chains to their users, including Layer 2 networks.
- Overlay, a protocol that allows users to trade nearly any streaming data without the need for traditional counterparties, introduced. This data can be nearly anything: DeFi tokens, sentiment analytics, Seattle’s crime rate, NFT indexes, political and natural markets, the list goes on.
- Yam Finance announces DAO House, a treasury management solution built for DAOs using Set Protocol’s infrastructure. What’s more, Yam Finance published an “ELI5 handbook” for uSTONKs, including how to long and short the basket of tokenized stocks.
- Alpha Homora kicked off its latest ALPHA liquidity mining programs.
- Argent scaling update: In this post Argent details their scaling roadmap on both layer 1 and layer 2 including how they plan to approach each layer for the foreseeable future.
- Pods Finance open beta launches: Users can buy, sell and provide liquidity to ETH and LINK European put options on Kovan. Users can also lock aDAI or USDC as collateral while selling options or providing stablecoin liquidity in the pools.
- Kline introduced, a new decentralized derivatives protocol that was announced last week that raised $7 million from a number of investors.
- WETH10 now live, a new version of WETH that comes with a bunch of new features such as gasless transactions, zero-fee flash mints and more.
- DeversiFi adds fast withdrawals: You can now move your tokens from DeversiFi’s layer 2 exchange back to Ethereum layer 1 in a much faster way.
- Arbitrum Launches Fast Transfers: These fast cross-chain ETH transfers allow ETH to be sent from L2 to L1 without waiting for the dispute period (7 days) — all powered by Connext.
- uSTONKS is Live: uSTONKS is now live on Degenerative Finance and you can earn rewards for participating.
- Saffron Finance Announces Fundraise: The round had participation from Dragonfly Capital, Coinbase Ventures, Tally Capital and others.
- Fei Protocol Raises $19 Million: The raise was led by a16z, Framework Ventures, Coinbase Ventures and Naval Ravikant with participation from others.
- Coinbase listed SUSHI, MATIC, and SKL.
- BarnBridge SMART Yield specs unveiled: SMART Yield allows users to tranche out the yield from the debt pools of other projects, such as Aave, Compound, Cream, or Yearn Finance to normalize the risk curve by creating derivatives for risk mitigation.
- Yield Guild raises $1.325 million: Yield Guild is a DAO that invests in NFT game assets in virtual worlds and lends them out to players to earn an income in the Metaverse. The raise was led by Delphi Digital with participation from Scalar Capital, BlockTower Capital and others.
- DeFi options platform FinNexus just raised $1.5M in a round led by IOSG Ventures.
- Alchemix Finance raised $4.9M from investors like Alameda Research and CMS Holdings.
- Crypto financial services firm BlockFi raised $350M in its Series D round.
MISC
- Cross-rollup DEX specification from Vitalik.
- Track DEX aggregator stats using Dune Analytics.
- Pancake Swap, and Cream Finance were under DNS hijacking attack.
- NFTs: Blockchain-Powered Art, Trading Cards, Music, and More with Aftab Hossain on Modern Finance.
- Can dYdX Become a Decentralized BitMEX? How It Is Scaling With StarkWare on Unchained.
- Why DeFi is the Future | Mark Cuban on Bankless.
- B.Protocol — CEO Yaron Velner | Meet the Nation
- The Daily Gwei Data Pump #3 — Ethereum and DeFi On-chain Analysis
- Binance Under CFTC Investigation: Crypto exchange Binance is reportedly being investigated by the U.S. Commodity Futures Trading Commission (CFTC) over concerns surrounding whether it allowed U.S. investors on the platform.
This is not financial advice.
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