Algo Stablecoin death spiral; Swapr Beta launch
Plus Odds & Ends and Thoughts & Prognostications
Swapr Beta’s most exciting feature is the do-it-yourself farming platform where anyone can launch a liquidity mining campaign for any pair with any reward token. Swapr also has eco-routing, which ensures users always get the best price available - even if it’s not on Swapr.
Tweet of the Week: Another algo stablecoin fails
A tweet that’s “the sign of the times” with Bloomberg editor and unofficial chief of finance twitter, Joe Weisenthal opining on that latest algo stablecoin (IRON) to collapse. The story is getting more attention in the broader media ecosystem because Marc Cuban was one of the investors who got hosed and will surely be picked up as one of the “horror stories of stablecoins” by drive-by pundits.
Within the DeFi echo chamber, discussion is mostly on whether algorithmic stablecoins are a perpetual motion machine that can never be achieved or a noble pursuit of capital efficiency. What’s clear is the interest in stablecoins is increasing from every angle, whether it’s DeFi degens, central banks or payments companies.
Odds and Ends
StarkNet Planets Alpha launches on Ropstein Link
UMA launches Range Tokens as convertible debt option for DAOs Link
List of protocols with on-chain liquidation opportunities Link
DODO announces plans to launch on Solana Link
The Block: Antonio Juliano on dYdX’s $65m Series B Link
Impossible Finance V2 Swap launches, aiming for new gas-efficient AMMs Link
Curve Moves to Block Rewards for Alchemix Pools Link
Pendle launches on main net, trying to make tokenized yields Link
Thoughts and prognostications
Efficient Automated Market Maker for DeFi Liquidations [Yaron Velner/B. Protocol]
Zapper Polygon Bridge post-mortem. Unlimited approvals are bad. [Noeon Finance]
Dynamic Interest Rate Model Based on Control Theory [Ayana Aspembitova/Delphi Digital]
DAO TreasuryBalance Sheet management [Yuan Han Li/Blockchain Capital]
Another MEV Twitter thread full of resources and linkns [uba.eth]
Flash loans: A blessing or a curse? [Tim Copeland/Decrypt]
Are structured products the future of DeFi Options? [Zubin Koticha/Opyn]
Serum DEX: The Ambitious Case for DeFi [Oguz Genc/Messari Pro Research]
That’s it! Feedback appreciated. Just hit reply. Written in a lively Brooklyn on the rise.
Dose of DeFi is written by Chris Powers. Opinions expressed are my own. I spend most of my time contributing to DXdao*. All content is for informational purposes and is not intended as investment advice.