Recap of DeFi Space, August 2021

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Defiprime Newsletter
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New DeFi Products
  • Swing ProtocolSwing is a new protocol designed to allow users to buy and sell votes. The Swing team is also developing fluid voting markets on top of already existing coin voting systems, where users can sell their votes for DAI in order to extract value from their governance tokens.
  • Ribbon V2Ribbon V2 is a new release of the Ribbon protocol. V2 mainly focusing on decentralization of the vaults, a rebuild of the vault accounting system, and governable vault parameters.
  • $DYDXdYdX’s protocol token, $DYDX, was recently released at the start of August, with the main benefits of the token being, of course, governance of dYdX and monthly rewards by trading on the dYdX exchange.
Finance.vote is a sponsor of our monthly newsletter 🙏
Finance.vote is a protocol for decentralised governance. At its heart is a DAO that governs a dApp suite, which provides all the tools that decentralised organisations will need to build a sustainable token economy. Finance.vote champions collaboration and digital democracy through decentralised technology and welcomes new and established protocols to upgrade their markets and governance.
What’s new at Defiprime
Defiprime listed a handful of new products this month. They include:
  • Step Finance, a dashboard for the Solana blockchain that lets you visualize, analyze, aggregate, and execute transactions.✅
  • Cryptex Finance, a tokenized total cryptocurrency market cap into TCAP token, that gives holders real-time price exposure to this key metric.✅
  • Serum, a DEX which is permissionless, trustless, and orderbook-based exchange on Solana. ✅
  • Raydium, an AMM built on the Solana blockchain, that leverages the central order book of the Serum DEX to enable lightning-fast trades, shared liquidity, and new features for earning yield.✅
  • Saber, a cross-chains stablecoin exchange based on Solana, which provides a liquidity foundation for many stablecoins.✅
  • Alpaca Finance, a lending protocol for leveraging yield farming, by multiplying farming principles.✅
Interviews with DeFi projects
  • Interested in TCAP? We recently talked with Joe Sticco of Cryptex about their development, and specifically how they are developing TCAP, a fully decentralized trustless total crypto market cap asset. Find it here.
  • This month we also talked with the APWine team, to find out how they are making their protocol of the same name. Find it here.
  • Looking at Solana? We talked with George of Step Finance, about how they are building a DeFi portfolio manager and aggregator, and how they are creating a UI for people to manage and transact across all protocols on Solana. Find it here.
  • Looking for projects on Ethereum? We recently talked with 0xNovachrono, the project lead and founder of Projectuanthe, which sets out to develop a set of Decentralized Invisible Transaction Scheme, and additionally wants to empower anonymous P2P transactions through ringCT and non-custodial NFT & DeFi interactions through zkSNARKS on ETH. Find it here.
  • We recently talked with 0xJohnny of Punk Protocol, and how they are building the first DeFi 401(k) pension service on ETH. Find it here.
  • We talked with Charles Smith of Shield protocol recently, from his journey from the Fintech industry to DeFi, to how Shield is building a one-of-a-kind decentralized protocol for future derivatives infrastructure. Find it here.
Noteworthy Links
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