Swaap Newsletter: The ETHDenver Edition
The premier US ETH event of the year didn’t disappoint as Swaap joined the mass gathering of leading DeFi protocols to build partnerships, collaborate on ideas and help shape the future of DeFi. Here’s what happened! 😀
TLDR:
- Ethereum Staking was the big DeFi topic of the conference with several presentations and events centred on the Shanghai upgrade and opportunities for innovation around staking
- Our Cofounder, Cyrille Pastour, had a number of productive meetings with some of the leading DeFi protocols in the space. This is highly promising for the future
- There were key presentations or events from the likes of 1inch, Frax
Alchemix, Rocketpool, Lido and Chainlink that look promising for future integrations and partnerships for the protocol - Preliminary discussions on the upcoming release of the Swaap v2 sparked a lot of excitement among leading people in DeFi. The upcoming launch offers a number of opportunities for growth
Staking and the Shanghai Upgrade
Ethereum Staking was the talk of the town and the emerging possibilities from the Shanghai upgrade have already driven some impressive innovation. Swaap Cofounder, Cyrille Pastour met with the Stakewise and Dappnode teams to discuss their collaboration which allows users to run their own liquid staking node.
Meeting Swaap!
Swaap Cofounder Cyrille Pastour was on the ground in Denver and hustling hard on behalf of Swaap. Among many highlights during the conference were discussions with Odos Protocol, Chainlink and Stakewise. The level of activity and promise of future growth has been very exciting.
Cyrille summarized this succinctly with:
People are building amazing things despite the bear market — very bullish on the future of DeFi. — Cyrille Pastour
Presentations and events
In person events were the focal point for some of ETHDenver’s most interesting content. This emerged from the various presentations, seminars panels and discussions. We’ve highlighted some of our favorites below:
1Inch
1inch delivered a presentation focused on DEX aggregation. This lets users access the most favorable swap rates across several exchanges, in addition to taking into consideration fees and gas costs. Nikita Kozlov, 1inch backend team lead, delivered the presentation ‘The future of DeFi is here — introducing 1inch Fusion’ This will be a highly useful addition for 1inch users.
0x
One of the most interesting panels at ETHDenver discussed the future of DEX liquidity. This featured Danning Sui, Lead Data Scientist from 0x Project and focused on answering questions like:
- What’s the current state of DEX liquidity design? Who’s providing liquidity in DeFi?
- What’s the level of participation from professional market makers? How are they playing a role across DEXs today?
- Where do they see trends going forward, for future design and direction of improving liquidity and experience for DEX users?
Frax Finance
This talk delivered by Frax Founder Sam Kazemian explored the rapid growth of this ecosystem in the buildup to the Merge and the Shanghai upgrade, and how this has led to the introduction of new liquid staking tokens with unique models for ensuring sustainable and fruitful yields.
At the heart of the discussion was the importance of maintaining a 1-to-1 value with ETH for the success of liquid staking tokens. Sam went on to delve into the different types of liquid staking providers and their respective tokens, including stETH, rETH, and Frax’s own frxETH. It was highly useful to learn about the various designs and mechanisms used to ensure stability and consistency in value, and how these can be applied to ensure a successful liquid staking ecosystem.
Drawing on his experience designing Frax’s native stablecoin FRAX, Sam highlighted the benefits of using a stablecoin mechanism design for liquid staking tokens. This approach ensures consistency and stability in value, making it the ideal choice for designing tokens that will attract investors and thrive in the Ethereum liquid staking ecosystem.
DeFi Dave
David Liebowitz, also known as DeFi Dave, gave a presentation on the future of stablecoin regulation. He explained that there is currently a heated debate going on in Capitol Hill regarding the future of cryptocurrency as an industry.
He described how stablecoins play a vital role in maintaining healthy liquid markets for tokens, allowing users to interact with DeFi in the most efficient way possible. They are also used for salaries, remittances, and as a hedge against inflation in unstable economies.
A recent survey revealed that 97% of institutional investors agree that tokenization will revolutionize asset management and benefit the industry. Currently, New York Department of Financial Services has approved of payment stablecoins as a part of their crypto regulatory framework.
Swaap v2 and beyond
The upcoming version of Swaap represents a huge step forward for the protocol with some game-changing upgrades. We can’t share too many details at this stage but our team has been working tirelessly with some of the leading researchers in the TradFi space to bring the best of those learnings and apply them to DeFi.
If you are interesting in collaborating with Swaap or getting information about early access to v2 please fill out the following short form:
About Swaap
Swaap is the first market neutral Automated Market Maker (AMM). It leverages a combination of oracles and dynamic spread to provide sustainable yields for liquidity providers and cheaper prices to traders.
Learn more:
Twitter: https://twitter.com/SwaapFinance
Discord: http://discord.gg/hrC2wBUk8m
Website: https://www.swaap.finance/
