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【Dapp Pocket】DeFi Weekly Report: Sushiswap Announces v3 Plan - MIRIN Umami

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【Dapp Pocket】DeFi Weekly Report: Sushiswap Announces v3 Plan - MIRIN Umami

Dear DeFi enthusiasts,

This week, the cryptocurrency market saw a pullback, but regardless of market trends, DeFi developers continue to work towards a better tomorrow. Headlines this week include: Sushiswap releasing the v3 project - MIRIN soy sauce; Andre Cronje updating progress on Yearn collaborative projects; Aave community discussing a potential upgrade to the economic model; and the DeFi leveraged liquidity mining platform Alpha Homora preparing to launch v2, and more.

Insights from industry leaders this week include Jeremy Allaire from Circle declaring a major victory for stablecoins and cryptocurrencies; Kain, the founder of Synthetix, reassuring that the recent dip is not due to institutional dumping; and Ethereum developer Eric dispelling misconceptions for those who think they've missed out on cryptocurrencies. This week's insights will be published on Friday, where we will delve into what to expect from Sushiswap's "MIRIN".

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1. This Week's Highlights

✨ Top Headlines This Week

Sushiswap Unveils v3 Plan: MIRIN

SushiSwap has launched its 2021 development plan: MIRIN. MIRIN aims to move beyond its past focus on the DeFi world and collaborate with centralized cryptocurrency exchanges. Specific development directions include Franchise Pool, dual yield and multi-governance tokens, automatic rebalancing yield pools, and various one-click features.

Andre Cronje Updates Progress on Yearn Collaboration Projects

Founder of yearn.finance, Andre Cronje, tweeted about the progress of Yearn collaboration projects. Among them, Pickle requires further modifications, expected to be completed by the 15th; Cream (v2 protocol lending) is nearly completed and will soon release an Alpha version; Cover (v1.1 perps) needs some elements to be redesigned. Additionally, Yearn v2's audit process is two-thirds complete.

Aave Community Discusses Potential Upgrade to Economic Model

Aave is currently seeking feedback from the community on governance proposal AIP-7 regarding an upgrade to the economic model ARC. According to the proposal: 1. Aave will activate Balancer pool token incentives and liquidity mining in the safety module; 2. It is proposed to increase the safety incentives from 400 AAVE per day to 550 AAVE per day; 3. Reduction of safety module activation, with the highest reduction threshold being 30% of the collateral amount, and more.

DeFi Leveraged Liquidity Mining Platform Alpha Homora V2 Coming Soon

Alpha Homora is a platform that combines leverage with liquidity mining. Alpha Homora V2 will collaborate with Curve, Balancer, SushiSwap, and Uniswap, allowing users to provide liquidity mining after leveraging on Alpha. The stablecoin leverage can go up to 9x.

2021 Predictions Unveiled! DeFi Experts Share What Might Happen in the New Year

Bankless, a self-media platform focusing on DeFi, released an article sharing the team's market predictions for 2021. This includes "Algorithmic stablecoins will reach a market value of one billion USD, and these stablecoins will eventually be included in Curve's supported currencies"; "Ethereum has the potential to be packaged as 'Internet Bonds' circulating in traditional finance and mainstream media"; "USDC's total supply will approach that of its competitor USDT," and more.

🚀 DeFi Protocols

Yam Team Launches DeFi Insurance Protocol Umbrella Protocol Alpha Test Version

BarnBridge Announces 2021 Roadmap, Will Launch BarnBridge DAO and SMART Yield Bonds

Badger DAO to Release 4 New Products Within 2 Months, Including Stablecoin Borrowing Based on Digg Pool Positions

DODO Unveils 2021 Product Roadmap, V2 Version to Focus on Long Tail Market Growth

Kava Reveals 2021 Product Roadmap, Will Release AMM and Application Platform

Perpetual Protocol Opens First Round of Bounties on Gitcoin for Building Limit Order Functionality

⛏ Liquidity Mining

Binance Smart Chain's Prediction Market Platform Prosper Launches Prediction Mining

1inch Initiates a New Round of Liquidity Mining Program

🎨 NFTs

Blockchain Multiplayer NFT Game My Neighbor Alice Raises $2.1M, NGC Participates

🏛 Regulation and Institutions

MicroStrategy Stock Outperforms Bitcoin! Morgan Stanley Becomes Second Largest Shareholder, Ownership Jumps to 10%

💰 Funding

Furucombo Completes $1.85M Seed Round, Will Expand Team and Develop v2 Version

Web3API DAO Completes $1M Seed Round

Decentralized Synthetic Derivatives Trading Market SynFutures Completes $1.4M Seed Round

2. Industry Insights

Circle CEO Jeremy Allaire: This is undoubtedly a major victory for cryptocurrencies and the stablecoin USDC

Synthetix Founder Kain: Experienced individuals know that this downturn is not institutions dumping

Ethereum Developer Eric Conner: People think they missed out on cryptocurrencies, but in reality...

3. Data Indicators

Data for this week is from 1/5/2020 to 1/11/2021. TVL (Total Value Locked) indicates how much assets are stored on the platform; IPY (Interest Per Year) is the current borrowed funds * annual interest rate, i.e., the platform's annual interest income. Data Source: DeFi Pulse. (Unit: million USD)

4. Weekly Memes