In today’s newsletter we look at:
The 18th edition of our curated newsletter.
Uniswap v3: The Universal AMM
Uniswap, the largest DEX out there, is not joking around when it comes to liquidity. Uniswap v3 allows liquidity providers to supply custom amounts of liquidity in selected price ranges. Apart from guaranteeing capital efficiency gains for liquidity providers, this feature expands the design space for automated liquidity provision.
World Economic Forum Releases Policy Toolkit for DeFi Regulations
One Step Towards Broader Adoption
DeFi development keeps gaining pace, and authorities can no longer give the industry the cold shoulder. Regulatory clarity is essential for DeFi as it lacks interaction with real-world assets. The recent WEF’s policy toolkit for decentralized finance might be the first step in the right direction. It seeks to promote fair, efficient, enforceable regulations for the emerging digital-asset marketplace and is expected to cover a few major issues such as investor protection and Anti-Money Laundering concerns.
Introducing Circle Yield, Now in Early Access
Speaking of DeFi, Circle, a global fintech firm specializing in stablecoins and payments, now offers selected customers a market-leading Yield product built on USDC. Circle Yield will allow companies to access new, profitable ways to make corporate treasury programs using crypto lending markets. The service, available to corporations and financial institutions, is uniquely regulated and fully secured.
Curve Finance’s New Release Positions Project for AMM Takeover
A Treat for Traders and Liquidity Providers
The new, improved version of Curve is out there, and its Ethereum and Polygon crypto pools are now live. Those pools allow users to trade between non-pegged assets with native Curve pools. The base pool on Ethereum is USDT, (w)ETH, WBTC, while the Polygon Pool supports swaps for USDC/DAI/USDT/ETH/WBTC. Further grand plans include a permisionless factory that will allow anyone to create a Crypto Metapool on all chains. In case you crave more info, look for details in Curve’s whitepaper.
The Latest Ethereum Improvement Proposals
London network upgrade is on the finish line, and the list of EIPs included in it is now final. Five new proposals are
- EIP-1559: Fee market change for ETH 1.0 chain
- EIP-3198: BASEFEE opcode
- EIP-3529: Reduction in refunds
- EIP-3541: Reject new contracts starting with the 0xEF byte
- EIP-3554: Difficulty Bomb Delay to December 1, 2021
One of the most anticipated changes, EIP-1559 will introduce a “base fee” and make it easier for wallets and users to estimate the right price for their transactions. Take a closer look at other EIPs in the article.
Taproot Locks In: Bitcoin Protocol Upgrade Will Activate in November
A New Soft Fork Is Coming
The first Bitcoin protocol upgrade since SegWit, Taproot is scheduled to launch this fall. Taproot mainly consists of two big upgrades rolled into one: Schnorr signatures and Taproot itself. Leveraging cryptographic tricks like Merkle trees, Taproot lets users combine several spending conditions in a single address. The funds in this address can be spent in multiple ways, for example, by different people depending on which other conditions are met.
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.