DeFi Aggregators, Marketplaces, Oracles and Generators
2020 has been quite the year in decentralized financial markets. With the advent of popular international central banking monetary policy focused on floating traditional markets despite economic realities, renewed interest has arrived in decentralized markets. This is happening as DeFi has continued to mature with yield farming adoption, better Web3 user experiences across the board, and continued innovation around stablecoins.
This year we saw Synthetix add traditional financial indexes such as the Nikkei, as well as binary options. While aggregation platforms such as Yearn have taken off, new types of tokenomics models through platforms such as Compound (with their COMP token) have drawn more interest into new types of DeFi markets, while REN has been building decentralized brides between more and more blockchain platforms. Matic has a Plasma implementation which promises to lower the growing fees across the Ethereum ecosystem through their sidechain technology, while Ethereum 2.0 is well under development to bring on-chain scalability as well. Not to mention off-chain scaling solution ZKSync, as well as on-chain privacy solutions such as Tornado Cash, which are bringing the much needed privacy layers to Ethereum.
In the midst of this and inspired by many of our industry’s breakthroughs, we have continued our development of OrFeed to bring many more of these platforms together, with OrFeed 0.5 on the way. Unfortunately, we had to disable the OrFeed Angle UI that aggregated flash loan and swap platforms such as Aave, Uniswap, Kyber, and Bancor due to user misuse, but the good news is that all of the features can still be used directly via smart contract interfaces. Further, more real-world assets have made their way onto the blockchain via our Togen platform. Today, hundreds of tokenized assets are managed via Togen’s beta platform.We are excited to add automated Uniswap market liquidity pool creation soon. Additionally, our latest work on AMP 2.0’s decentralized swap/prediction market and decentralized credit score platform is bringing many of the development between these platforms together. More on that later this year!
We are excited about the latest development in the Ethereum ecosystem, as well as the greater blockchain space which is becoming more integrated by the day. As DeFi continues to gain more adoption, we still have a ways to go for more wide spread user adoption. It is amazing to see the industry coming more together, much like the money legos that our industry continues to produce.