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
To Our DeFi Community,
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
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)
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
Zapper – a rising DeFi asset management platform – has just closed a $50k investment from MetaCartel Ventures. We are proud to announce our 2nd investment as a DAO, into Zapper Finance (@zapper_fi), an interface that makes DeFi easy and simple to use :: [ Originally a MetaCartel grantee, we are proud to back them on their next leg of the journey ] ::https://t.co/Lu3FlPmHtz
— METACARTEL VENTURES (@VENTURE_DAO) July 3, 2020 Zapper – a project which recently formed as a … … More
Nexus Mutual – the discretionary mutual offering smart contract covers – has released a new staking system for risk assessment. Pooled staking is here! Our new system was built to encourage more staking, give better rewards to stakers, decrease the knowledge barrier and just make it a bit easier for our members to get involved.
— Nexus Mutual (@NexusMutual) July 2, 2020 For those unfamiliar with Nexus Mutual, the project allows users to purchase smart contract covers to pro… … More
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
Tornado Cash – the decentralized privacy protocol on Ethereum – announced the launch of Tornado Fund, a fund focused on investing and developing the privacy-preserving technology. Today, we’re announcing Tornado Fund, a DAO to invest in @TornadoCash. Support the development of the first, fully decentralized privacy-preserving technology for #Ethereum.
— Tornado.Fund (@Tornado_Fund) July 1, 2020 For those unfamiliar, Tornado Cash is a non-custodial p… … More
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
bZx – the lending protocol behind Fulcrum and Torque – has just unveiled a finalized model for the distribution of their native governance token – BZRX We have been working to continuously improve and refine the protocol and its governance. Over the years, the $BZRX token model has evolved along with the industry, presenting fresh new ideas in the process. #defi #ethereum — bZx (@bzxHQ) June 29, 2020 While the project has been quiet in recent months, the release of an … … More
Synthetix – the sector leading derivatives protocol – has officially released native binary options as part of the Acrux upgrade. We’re excited to announce that the Acrux release is now complete and binary options are now live at https://t.co/jQB0I2zxns! 1/3 pic.twitter.com/BL6nPOX05P
— Synthetix (@synthetix_io) June 30, 2020 Last week, we recapped the latest Synthetix community call in which prominent community members expressed very optimistic opinions about the future… … More
The Graph – an indexing protocol for organizing blockchain data – announced it closed a $5M token sale from Framework Ventures, Coinbase Ventures, Digital Currency Group, and others. Today we’re excited to announce that we’ve raised $5M and we have the funding we need to build and launch the decentralized network! https://t.co/RyDCRSIPcc
— The Graph (@graphprotocol) June 30, 2020 Since launching in January 2019, the data indexing protocol has grown to support many leading De… … More
0x Protocol – a leading DEX liquidity aggregator – has officially launched Matcha – their consumer-facing exchange built with 0x Mesh. 1/ Matcha is now served and open to all! Everyone around the world can now quickly and securely trade crypto at https://t.co/hZioVvcNso Learn more at https://t.co/lNOAHTh24V pic.twitter.com/T6CmlfAXIE
— Matcha (@matchaxyz) June 30, 2020 Despite serving as a crucial backbone for DEX liquidity for over 3 years, 0x Protocol has largely o… … More