This Week In DeFi – June 24

To the DeFi community, This week decentralized derivatives platform dYdX decided to create its own applicaiton-specific standalone chain, as part of the Cosmos ecosystem. The move will also complete the decentralization of the platform – marking an important milestone for dYdX once the transition is complete. dYdX developers reasoned that no L1 or L2 solution … Read more

This Week In DeFi – June 17

To the DeFi community, This week stablecoin issuer Circle has announced the launch of Euro Coin (EUROC), a new stablecoin pegged to the euro. The new token will be available as of June 30, beginning as an ERC-20 token on the Ethereum network and expected to expand to other blockchains later in the year. 1/ … Read more

Vaults Offboarding By Maker Governance

As of June 10th 2022, as part of the weekly Maker Governance Cycle, MKR holders voted – together with other parameter changes – to initiate the offboarding of some vault types. These vaults will be removed from the Maker Protocol either because there is low demand for them and consequent negative cash flow. In either … Read more

Oasis.app Launches Stop-Loss Protection

It’s time to step away from your keyboard with Oasis.app Stop-Loss Protection We all know that crypto assets can be volatile. To protect yourself from downside risk and ultimately liquidation, we are proud to announce the launch Stop-Loss Protection for your Maker vaults on Oasis.app.  By adding Stop-Loss Protection, you are ensuring that your vault … Read more

This Week in DeFi – April 29

To the DeFi community, This week Optimism $OP token rumors come true, as the Ethereum Layer-2 scaling solution announces new plans for its governance structure and token distribution. The “Optimism Collective” will be governed by two houses; The Citizen’s House will govern public goods funding, while the Token House will govern protocol upgrades and project … Read more

This Week in DeFi – April 22

To the DeFi community, This week Tron crashed the algorithmic stablecoin party, announcing that it will launch its very own USDD stablecoin May 5th. The coin will be supported with TRX and $10 billion worth of crypto reserves – as well as offering 30% interest rate. This may be one to watch, as it attracts … Read more

Stability Fees Lowered For Several Collaterals

On April 8th 2022, as part of the weekly Maker Governance Cycle, MKR holders voted and approved different changes to the protocol. In particular, the Governance decided to increase debt ceilings and decrease stability fees for several assets including GUNI LP tokens.  What has changed? Stability Fees Changes Decrease the WSTETH-A Stability Fee from 2.5% … Read more

This Week in DeFi – April 8

To the DeFi community, This week Terra founder Do Kwon has declared war against prominent Dai stablecoin (DAI), via the launch of “4pool” – a stablecoin liquidity pool on Curve with an emphasis on UST and FRAX. The pool is attempting to attract liquidity from “3pool”, a similar pool containing DAI, by using large quantities … Read more

This Week in DeFi – April 1

To the DeFi community, This week the Fantom Foundation has announced a brand new incentive program, this time allocating 335 million FTM tokens – worth almost $550M – to boost development on the network. The foundation is working in partnership with Gitcoin, using the organization’s Quadratic Funding system to match contributions for participating projects. Launching … Read more