【Dapp Pocket】Yearn Universe Opens, Thanksgiving Break This Week
Dear DeFi enthusiasts,
This weekend is Thanksgiving, and Bitcoin, Ethereum, and a variety of DeFi tokens are all showing strong momentum, teaching us the importance of gratitude! Due to the Thanksgiving holiday in the United States, our editorial team will be taking a short break this week, so our viewpoints will be paused. Thank you for your support.
This week, the spotlight is once again on Yearn, which has integrated Cream, Pickle, Cover, and Sushi in succession, showing strong leadership in the DeFi space. Additionally, Facebook's LIBRA project finally has a timeline; Uniswap is planning to extend liquidity mining voting, and more.
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Experts' views include insights from the Yearn genius Andre Cronje, who introduces Yearn's collaboration model with various DeFi projects; Ethereum developer Eric Conner stating that Yearn is set to dominate DeFi; and Set Protocol's Anthony Sassano praising ETH 2.0 for achieving these milestones simultaneously!
Table of Contents
1. This Week's Highlights
✨ Top Headlines of the Week
Yearn Integrates Cream, Pickle, Cover, Sushi, Connecting the DeFi Universe
In a blink of an eye, Yearn integrated multiple DeFi protocols to become a more feature-rich DeFi platform. This includes lending and leverage services with Cream Finance, merging with Pickle Finance's Jar pool, insurance services with Cover Protocol, and integrating with Sushi's AMM. Founder Andre explained in an article how this integration differs from traditional mergers and acquisitions.
Yearn Merges with Cream to Launch Zero-Collateral Protocol
Shortly after announcing product integration with Pickle, a DeFi platform recently hacked, on 11/24, founder Andre Cronje announced a collaboration with lending protocol Cream on 11/26, assisting in the launch of Cream v2. They will integrate development resources, introduce leverage mechanisms through Cream into Jar pools, and collaborate on a zero-collateral credit protocol solution.
Yearn Announces Collaboration with Sushi, Involving Over 15 Initiatives
Yearn also announced a collaboration with Sushi on 12/1, including resource integration, joint development of Deriswap, integration of Keep3r into the new version of Sushi, and 0xMaki leading a new AMM team, among over 15 initiatives. It's worth noting that some collaboration details require community votes from both sides.
Uniswap Community Creates Official Governance Proposal to Extend Liquidity Mining
Following the "Consensus Check" on extending liquidity mining, the proposal received over 90% support and smoothly entered the final on-chain voting phase. The proposal suggests retaining all liquidity mining pools and reducing the total monthly UNI distribution from 10 million to 5 million UNI.
Facebook's Libra Project Finally Sets Clear Launch Schedule
The highly anticipated Facebook stablecoin project, Libra, has finally set a launch schedule, with the USD stablecoin part expected to launch in early 2021. Other fiat-backed stablecoins are still navigating regulatory issues with various national supervisory authorities.
🚀 DeFi Protocols
1inch Adds Aave Liquidator Role as Liquidity Source
Maker Foundation Facilitator Initiates Executive Vote on Increasing ETH-A Debt Ceiling
New Aave Proposal Suggests Support for USDN as Collateral Asset
Wootrade to Become DODO's On-Chain Market Making Strategy Provider, Optimizing Trading Slippage
Idle Finance Launches Governance System, Transitioning to Decentralized Community Governance
🛠 Liquidity Mining
DeFi Insurance Project Cover Protocol Releases Pickle Finance Mining Rewards Update
🏛 Government and Institutions
Facebook's Libra Project Finally Sets Clear Launch Schedule
💸 Security Incidents
Compound Falls Victim to Oracle Attack, Assets Liquidated Exceeding $100 Million
👻 NFTs
Yearn Launches NFT Gifting Platform yGift.to
2. Industry Insights
Yearn.finance Founder Andre Cronje: Excited About the Collaborations with Yearn and These Projects, Whether Integration or Acquisition
Ethereum Developer Eric Conner: Yearn is About to Swallow DeFi
Set Protocol CMO Anthony Sassano: Wow! Ethereum 2.0 Achieves So Many Milestones Simultaneously!
Uniswap Founder Hayden: I Disagree with what the Chainlink Founder Said
3. Data Indicators
The data for this week is collected from 11/24 to 11/30. TVL (Total Value Locked) indicates the total assets stored on the platform; IPY (Interest Per Year) is the current borrowed funds multiplied by the annual interest rate, representing the platform's annual interest income. Data Source: DeFi Pulse. (Unit: Million US Dollars)
4. Weekly Memes
