The DeFiMoon blog is about news and developments concerning decentralized finance (DeFi) protocols (Compound, Maker, AAVE, DDEX, dYdX) and stablecoins (USDC, DAI, USDT, TUSD, PAX).

AAVE USDC interest rates decoupling from Compound and dYdX

2 May 2020 1 minute read 0 comments DefiMoon

So far this year interest rates on USDC have moved in lockstep between major decentralized finance protocols dYdX and Compound. This correlation exist largely because both protocols share a lot of the same users, who move funds between protocols to...

Major YouTube channels verifying with Brave during the COVID-19 lockdown

1 May 2020 1 minute read 0 comments DefiMoon

The Brave browser is gaining serious momentum during the Covid-19 lockdown. On April 29, the Brave ecosystem had its biggest one-day growth record with 5039 new creators signing up. and show the biggest growth in April seems...

Dune Analytics releases new DeFi dashboard

29 Apr 2020 1 minute read 1 comment DefiMoon

DuneAnalytics released several new data dashboards for the DeFi economy recently and the charts speak volumes. The most interesting one for myself is 'Total DeFi users over time' chart, which show only 155k total users across all protocols. While th...

DeFi startup Linen App is doing a 'sharedrop' to US residents

28 Apr 2020 1 minute read 0 comments DefiMoon

I accidentally found out today the Linen App, a mobile app that gives retail investors easy access to ethereum-based liquidity pools and protocols like Compound, is doing a sharedrop for US residents. Linen App is made by the dev team that created D...

Should Compound add Tether?

27 Apr 2020 1 minute read 0 comments DefiMoon

In August of 2019, Compound users were given a vote on which new coins should be added to the protocol. Tether (USDT) and MakerDAO's MKR coin won the vote by a wide margin. And in April 2020, Compound launched their governance token COMP, with an in...

Compound will be releasing millions of COMP governance tokens

27 Apr 2020 1 minute read 0 comments DefiMoon

The defi protocol Compound made another step towards total decentralization last week by shifting control of the underlying smart contract from a central administrator and into the hands of COMP token holders. Most of the governance tokens are curre...

The best Uniswap pools with steady returns

27 Apr 2020 1 minute read 11 comments DefiMoon

I decided to look into liquidity provision on Uniswap to see if there were any pools that would satisfy my requirements: steady 90-day returns above 1% APR with respectable daily volume. As it turns out, and much to my surprise - most of the pools,...

How much growth have stablecoins and DeFi brought to ethereum?

26 Apr 2020 1 minute read 5 comments DefiMoon

A clear divergence between transaction growth on ethereum and bitcoin emerged in late-January. TXs on etherem began to grow rapidly after the 26th, while bitcoin daily transactions counts have not made it back above the 350k mark. So where is this g...

Sneak peek of the upcoming Brave advertiser dashboard

25 Apr 2020 1 minute read 1 comment DefiMoon

Today Brave software engineer Dan Lipeles released some screenshots of the upcoming advertiser dashboard on Reddit. Currently the service is only available to a small group of selected advertisers where campaigns have to be approved manually and with...

Paxos USD-backed stablecoin and gold-backed tokens seeing big growth

22 Apr 2020 1 minute read 0 comments DefiMoon

While everyone was busy tracking DAI and USDC, the PAX stablecoin has been steadily increasing its market share in the ethereum's stablecoin economy. PAX now has the same active daily users as USDC and DAI. Its worth noting that USDC has 3x the mark...