January 2021

We’re excited to announce that dYdX has raised a $10M Series B round led by Three Arrows Capital and DeFiance Capital!We welcome new investors: Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital.Additionally we’re grateful for the continued support from a16z, Polychain Capital, Kindred Ventures, 1confirmation, Elad Gil, Fred Ehrsam, and other existing investors to participate in the round.This is an important milestone for the dYdX team. Perpetuals trading is an ex… … More

2020 was a huge year for dYdX! We built and launched our first protocol for Perpetual Contracts, saw many thousands of new traders use dYdX, and increased our trade volume by 40x.In the second half of 2020, we’ve been building a new product for Perpetual Contracts on Layer 2, powered by StarkWare’s Zero Knowledge Rollups.2020: a Year of RecordsTotal cumulative trade volume across Spot, Margin, and Perpetuals increased 40x reaching $2.5 billion in 2020, up from $63 million in 2019.Over $1.9 billi… … More

by Josh Stark & Evan Van NessEthereum is the digital frontier.Because it is open and programmable, Ethereum offers a vast uncharted expanse filled with opportunity.Over the last few years, this frontier has attracted its first major settlements. The freewheeling bazaar of decentralized finance (“DeFi”) has grown into a sector that is beginning to compete with Silicon Valley. This year, a second ecosystem began to put down roots: the creator economy of cryptoart, music, and media.Meanwhile, t… … More

a.image2.image-link.image2-819-1456 { padding-bottom: 56.25%; padding-bottom: min(56.25%, 819px); width: 100%; height: 0; } a.image2.image-link.image2-819-1456 img { max-width: 1456px; max-height: 819px; } It was a huge year for us at Zapper! Although it might feel like Zapper has been around forever, our journey officially kicked off on May 1st. Back then, we never dreamed of… … More

A defense-in-depth approach to mainnet.A magical pig walking into the dark forest, protected by a rainbow horn.Ethereum is at an unprecedented moment in its history — there has never been more usage, more excitement, or more value created. Last year, cumulative transaction fees surpassed Bitcoin, and today, Ethereum remains the top dawg in terms of daily transaction fee revenue. Usage of decentralized apps like Uniswap has eclipsed their centralized counterparts despite these soaring fees.The de… … More

The Governance Facilitator(s) and the Maker Foundation Smart Contracts Team have placed an Executive Vote into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol. Stability Fee Changes As per the most recent Rates Proposal, Stability Fees for multiple vault-types will be modified if this proposal passes. These Stability Fee Changes are listed in the Summary section. See the Rates Proposal thread&… … More

 
To the DeFi community,
This week Sushiswap and Synthetix and yearn are letting us in on their plans for the new year. Fei Protocol prepares a new stablecoin contender, and Layer 2 solutions offer different paths for DeFi evolution.
Sushiswap released their plans for 2021, including consolidation to a broader open organization as a part of the Yearn ecosystem. V3 will add MIRIN – allowing CEXs and partners to add liquidity to Sushiswap alongside leveraged yield farming. MIRIN brings … … More

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Hello Defiers! In this week’s podcast, we interview Justin Blau, better known as 3LAU, one of the world’s top DJs, who is also at the forefront of the intersection between music and crypto. He became interested in blockchain technology because it can provide a means for fans to provably to own digital content, and for artists to better monetize their wo… Read more … … More

Level up your open finance game five times a week. Subscribe to the Bankless program below.Join the Bankless Nation🗞️ Latest Weekly Rollup. Download the week in crypto to your brain in this 25 min show.Listen to podcast episode | iTunes | Spotify | YouTube | RSS FeedTools from our sponsors to go bankless:⭐️ AAVE | BORROW OR LEND YOUR ASSETShttps://bankless.cc/aave🚀 GEMINI | MOST TRUSTED EXCHANGE AND ONRAM… … More

ICYMI: Read Deep Dive #1 on the $1INCH token launchThis is issue #54 of the on-chain analytics newsletter that reaches nearly 7000 crypto investors every week 📈Subscribe now✨ Together with our partners:1inch, whose v2 offers the best rates by discovering the most efficient swapping routes across all DEXes—swap on the customizable new UI. And also Aave, where you can experience DeFi: Deposit, Earn, & Borrow on Aave.Algorithmic StablecoinsI wanted to flag a … … More

Continued from Part 1.Revenue growth per pool coincided with increased co-investment limits. Co-investment limits are governed by the BancorDAO and determine the maximum number of BNT that can be emitted by the protocol to match single-sided non-BNT deposits. This BNT has no price impact on the external market; rather, it is emitted directly into the liquidity pools where it remains earning fees for the protocol until the BNT and its accrued fees are burned. This is akin to the protocol investin… … More