Ethereum Watch

Key Takeaways SushiSwap is a Uniswap copycat built with the idea of stripping power from VCs and returning it to the community. The creator, Chef Nomi, sold the project’s development fund (10% of supply) and transferred control to FTX’s Sam Bankman-Fried. Many people are working to revive SushiSwap, but the project’s reputation is tarnished forever. […]

Key Takeaways Curve’s liquidity providers don’t actively participate in the governance process, which leaves decision-making in the hands of a few powerful stakeholders. While the latest reward boosting initiative improved the situation, it doesn’t solve the fundamental governance problem. Non-financial incentives are important for building long-lasting decentralized communities. Share this article Several yield farming schemes […]

Advertisements Quick take: DeFi monthly active users have hit a new milestone of 292,000 in the month of August This is according to the team at Zapper.fi Furthermore, weekly active users have peaked at 99,686 Daily active users have almost hit 20k These figures dispel the notion that DeFi is only for whales The number […]

Key Takeaways yEarn Finance was created as a yield automation tool, but grew into a stack of different DeFi products. The protocol’s most popular product is its vaults, which automated liquidity mining and yield farming strategies. These strategies are enhancing gas efficiency and giving smaller traders a chance to take part in DeFi’s most lucrative […]

Key Takeaways The yield farming trend has spread across nearly the entire DeFi space. Though financial incentives are important, poorly designed rewards can hamstring sustained user adoption. Reserve Protocol and Terra are two examples of DeFi projects building outside of the liquidity mining hype. Share this article Though DeFi projects have been hastily launching various […]

Key Takeaways Curve Finance began as a crypto swapping platform, offering traders low slippage trades across major stablecoins Hype around the imminent release of the protocol’s native token has pushed the project into the spotlight The team behind Curve are far from newcomers: It’s founder continues to work on NuCypher, an encryption protocol for smart […]

Key Takeaways YAM Finance offered yield farmers six-digit APY returns at its peak. Unaudited and risky, the experimental DeFi project appears to have finally ended. Share this article A critical bug in YAM Finance that caused the governance token led to the publication of an emergency warning, a request by the developers to “Save YAM.” […]

Key Takeaways Ethereum transactions fees breached 200 gwei today per unit of gas today. DeFi protocols will lose a lot potential usage if non-power users cannot afford to use Ethereum. Between ETH 2.0 and layer two, the latter offers less negative trade-offs for the Ethereum ecosystem. Share this article Transactions fees on Ethereum crossed 200 […]

Key Takeaways Yield farming provides attractive returns, but the process of earning them can be complex. Frequent and multi-step transactions may generate a substantial number of taxable events, which are difficult to track manually. Third-party tools can help to reduce the time and effort when compiling tax reports. Advertisements Share this article DeFi is currently […]

Advertisements Quick take: The amount of Ethereum locked in DeFi continues to rise. Approximately 3.5 million ETH is locked in DeFi.  Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance.  Yield farming is the reason why more Ethereum keeps getting locked up in DeFi.  The amount of Ethereum […]