Latest news

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • This Week in DeFi – June 26th

    To Our DeFi Community,
    The liquidity wars have begun. With virtually every DeFi protocol now launching or exploring yield farming incentives, we’re beginning to see a fight for liquidity on Ethereum.
    And it’s just beginning. While Compound and Balancer have been prime examples of successful launches for yield farming- where their native governance tokens soared in value alongside hundreds of millions in new liquidity – there are dozens of other protocols jumping into the queue … … More

  • Dharma Votes to Pass Prop 10

    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: Adjusting COMP distribution speed to match Ethereum network block time and increasing higher-risk assets Reserve Factor (link) Proposer: blck Dharma Vote: Yes Rationale: This was a difficult vote for Dharma to make. We considered this proposal… … More

  • This Week in DeFi – June 19th

    To Our DeFi Community,
    Compound’s launch of the COMP token earlier this week may have very well sparked a new trend in DeFi – liquidity mining (also known as yield farming). In case you somehow missed it, the leading lending protocol has begun distributing COMP tokens to each of the protocol’s money markets pro-rata by the total interest accrued. While many were anticipating the launch, few expected the results.
    After initially listing on Uniswap for $16, COMP tokens have soare… … More

  • Compound TVL Surges From COMP Yield Farming: Governance Decisions

    Compound – the sector-leading lending protocol – is experiencing new paradigms as a result of its COMP token distribution. Since its start on Monday, Compound’s TVL has spiked more than $300M, putting it on track to take the top position on DeFi Pulse should this growth continue. Perhaps what’s most interesting about this trend is that the vast majority of liquidity is coming from other DeFi protocols, including the likes of centralized counterparts like Nexo. To summari… … More

  • Coinbase Announces Support for COMP Governance Tokens

    Coinbase – the leading US crypto exchange – has announced that they will be adding Compound‘s new governance token – COMP on Monday, June 22cnd. On Monday, June 22, our COMP-USD and COMP-BTC order books will enter transfer-only mode, accepting inbound transfers of COMP in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/maPTOLdYiW
    — Coinbase Pro (@CoinbasePro) June 18, 2020 The … … More

Load More
Congratulations. You've reached the end of the internet.