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  • The Yield Farming Frenzy and its Impact on DeFi

    If you follow DeFi, you’ve probably noticed that the concept of yield farming is everywhere lately. From some of the most original memes in the Ethereum ecosystem to traditional news outlets like Forbes, crop rotation to maximize yield across protocols has become one of the defining activities on DeFi in 2020. So, what is Yield Farming? Yield farming is the act of leveraging different DeFi protocols and products to earn a yield or a return on their assets, in some cases obtaining profits … … More

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  • Dharma Votes on Prop 15 & Prop 16

    Prop 15 Title: Changing SAI Collateral Factor to 0%Proposer: blckDharma Vote: Yes Rationale:SAI is the legacy cryptodollar from MakerDAO. This asset does not have the community’s attention or enthusiasm. It is being retired from nearly all systems and products that once supported it. SAI has very limited activity on Compound, and reducing its collateral factor to zero will not result in a dangerous amount of liquidatable value. It is time. Prop 16 Title: Set WBTC Collat… … More

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  • Introducing mStable – meta-assets with native yield and zero slippage swaps

    The fragmentation of the stablecoin market in DeFi has led to a lackluster experience for many crypto users. Gone are the days when DeFi was DAI-centric; nowadays, most DeFi users find themselves having to shuffle between a handful of stablecoins in order to take advantage of the opportunities available in DeFi. And if you aren’t trying to hack your yield, you’re missing out by today’s standards. The whole process can be a lot to take in for even experienced users; imagine… … More

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  • Dharma Votes Against Compound Prop 14

    Title: Set WBTC Collateral Factor to 65%Proposer: Alameda ResearchDharma Vote: No Rationale We believe that wBTC is an important asset in DeFi and that it has a bright future as an asset in Compound. Nevertheless, we have concerns about the market liquidity of this asset, and argue that its Collateral Factor should increase much more gradually than this proposal. Currently, there is a time delay on minting / and redeeming wBTC. This time delay is sufficient such that the relevant marke… … More

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  • Introducing mStable – meta-assets with native yield and zero slippage trades

    The fragmentation of the stablecoin market in DeFi has led to a lackluster experience for many crypto users. Gone are the days when DeFi was DAI-centric; nowadays, most DeFi users find themselves having to shuffle between a handful of stablecoins in order to take advantage of the opportunities available in DeFi. And if you aren’t trying to hack your yield, you’re missing out by today’s standards. The whole process can be a lot to take in for even experienced users; imagine… … More

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  • This Week in DeFi – July 3rd

    To Our DeFi Community,
    The pace of innovation in DeFi never ceases to amaze.
    Whether it’s new products, new upgrades, new tokens, or new investment rounds closing, we’re genuinely having trouble keeping it up with it all. To give you an idea, here’s what we saw this week alone as DeFi closed out Q2: Kyber’s Katalyst upgrade launch date set for July 7th
    0x launches it consumer-friendly DEX, Matcha
    Synthetix releasing Binary Options
    Nexus Mutual releasing pooled staking
    Th… … More

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  • Dai Breaks Peg Amidst COMP Yield Farming cDAI Update

    Dai – DeFi’s defacto decentralized stablecoin – is facing a major hurdle as Compound adjusts it’s COMP token distribution to favor new assets earning the most COMP/day. Liquidity mining incentives are powerful.
    So powerful that they can cause exogenous shocks to other protocols.
    Is @MakerDAO up next? Props to @cyounessi1 for being ahead of the curve here.https://t.co/nLl4KsdYzE
    — Will Price (@will__price) June 29, 2020 With the passing of Proposal 11, COMP is now… … More

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  • DeFi Rate Votes “Against” Compound Proposal #12 – cDAI Interest Rates

    Following Dharma’s recent governance piece on proposal #11 along with our continued efforts on transparent governance, DeFi Rate will be releasing our rationale behind Compound Governance votes in a series of blog posts. 
    Proposal #12: Update cDAI Interest Rate Model (Forum Discussions here) 
    Proposer: Dharma
    DeFi Rate Vote: Against
    Voting Weight: ~10,250 COMP Background
    Compound Proposal #12 by Dharma proposes to update the cDAI interest rate model, aiming to decouple the existing intere… … More

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  • Compound Interview: Strategy Lead Calvin Liu Talks COMP Governance

    Compound – the sector-leading lending protocol – has continued to reach new highs following the launch of their native governance token – COMP.
    With over $1B in assets now being supplied to the fasted growing DeFi product on the market, yield farmers are racing to get their hands on the hottest new DeFi token.
    Meanwhile, anyone who’s been following Compound knows that this launch was the cumulation of years of hard work and perfect timing. COMP’s launch has triggere… … More

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  • Dharma Submits Compound Prop 12 to Update cDAI Interest Rate Model

    Summary Five days ago, we made an informal proposal on Compound Governance Discussion board to update the cDAI interest rate model. Post here. Over the past five days, our post saw excellent discussion and community validation. And as such, today we submitted a formal proposal to update the cDAI interest rate model on Compound. Proposal Transaction: https://etherscan.io/tx/0xec6cddd238e8ec8b12c44dc2dadcdd315da21586713e34339c1eed4ed2342d90#eventlog Compound Governance Proposal: https… … More

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  • DeFi Rate Votes “Yes” on Compound Proposal #11

    Following Dharma’s recent governance piece along with our continued efforts on transparent governance, DeFi Rate will be releasing our rationale behind Compound Governance votes in a series of blog posts. 
    Proposal #11: COMP Distribution Patch (Forum discussions here)
    Proposer: Geoffrey Hayes
    DeFi Rate Vote: Yes
    Voting Weight: 10,211 COMP (~0.10% of total supply)  Background
    While the launch of COMP yield farming has been a massive success, propelling the protocol to $1B in total supply a… … More

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  • Dharma Votes to Pass Prop 11

    Context:Dharma is a voting delegation in the new Compound open governance system. We have decided to record our governance decisions in blog posts, so that the community can see our reasoning and voting record over time. Proposal Title: COMP Distribution Patch (Link) Proposer: Geoffrey Hayes Dharma Vote: Yes Rationale: Over the past few weeks, it has been clear that the COMP distribution mechanism is being exploited. This started with the cUSDT market, and quickly rotated int… … More

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