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  • This Week in DeFi – July 31st

    To our DeFi Community,
    This week we’re celebrating Ethereum’s 5th Birthday. Five years full of financial innovation and experimentation.
    In five years, Ethereum sparked a new movement. One pioneered by the Bitcoin community. But now we’re here to take the torch and carry it to billions of people who are boxed out of the existing financial system. And bring in the billions of people locked in the current system with no way out.
    In five years, we’ve seen two multi-billion-d… … More

  • Coinbase Launches Dai Rewards With 2% APY

    Coinbase – the leading crypto bank in the US – is launching Dai rewards for Coinbase users. The promotion is starting off by offering 2% APY to anyone who holds Dai in the Coinbase App. Dai Rewards with 2% APY is now available for Coinbase customers in the US, UK, Netherlands, Spain, France, and Australia.https://t.co/FGkFHBxZVM
    — Coinbase (@coinbase) July 29, 2020 The rewards will be available for all users in the US, UK, Netherlands, Spain, France, and Australia. Given the … … More

  • Coinbase launches Dai Rewards for customers in the US, UK, Netherlands, Spain, France, and…

    Coinbase launches Dai Rewards for customers in the US, UK, Netherlands, Spain, France, and AustraliaAt Coinbase, we want to offer more ways for customers to earn rewards with their crypto. Last year, for example, we began offering stablecoin rewards to US customers for every USD Coin (USDC) held on Coinbase. We also launched Dai on Coinbase Earn, where customers can earn crypto by watching videos and taking quizzes about different cryptocurrencies.Today, we’re introducing Dai Rewards, with 2% AP… … More

  • This Week in DeFi – July 10th

    To Our DeFi Community,
    DeFi is coming to CeFi. It’s too good for them to resist.
    We mentioned this last week but DeFi tokens have been on an absolute tear over the past few months. Now, centralized exchanges are looking to capitalize on the new wave of tokens that are booming in the Ethereum economy. This trend was marked with Coinbase announcing their exploration on a range of new crypto assets back in early June, half of which were DeFi tokens. This week, Binance announced their listing … … More

  • 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

  • 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

  • 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

  • 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

  • Maker Integrates KNC & ZRX as Collateral and Adjusts Base Rates

    Maker – the lending protocol behind Dai – has officially integrated KNC and ZRX as new collateral types. KNC and ZRX have been added to the Maker Protocol.
    Both can now be used to generate #Dai. Read more:https://t.co/GLRPaEIN2l
    cc @KyberNetwork @0xProject
    — Maker (@MakerDAO) June 28, 2020 Following Governance Polls ratified through an Executive Poll, Kyber Network‘s KNC and 0x Protocol‘s ZRX can now be used as collateral to mint new Dai with a 4% Risk Premium, 1… … 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

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