The Defiprime Post #30: Your Weekly DeFi News in Bite-Sized Fashion

William M. Peaster on 22 Feb 2021

Welcome to the 30th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between Feb. 14th and Feb. 21st, 2021.

Want to mine some yield farming knowledge? We’re leaking alpha. Check out defiprime’s Alpha DeFi community forum, where community regularly share new defi projects! We also launched new project last week: Dexguru brings together permissionless, real-time data on every DEX market, on-chain research, powerful analytics, and trade execution capabilities — in one fully integrated UI.

🔥 The DeFi Bulletin

💱 DEX Report

💵 State of the Stablecoins

  • The RAI, not a stablecoin but rather a stable asset that’s algorithmically pegged to itself, is now live on the Ethereum mainnet. The token’s value steadily floats rather than tracking the value of a fiat currency, a la Dai.
  • Algorithmic stablecoin ESD has had a rough go of things with its initial rendition. But the project will be reborn in optimized form via Continuous ESD, the project’s V2 system.
  • Binance just listed Frax Shares (FXS), the governance token of fractional-algorithmic stablecoin project Frax.
  • What will happen if the U.S. eventually cracks down on stablecoins? CoinDesk’s JP Konig explored the question in a new op-ed.

💎 NFT News

Thanks for reading, and be sure to catch the 31st issue of The Defiprime Post out this time next week! 👋♦️👋

About the author
William M. Peaster
William M. Peaster is a writer and curator of the DeFi Arts Intelligencer, a newsletter tracking Ethereum’s digital collectibles arena. He is not a financial advisor. The thoughts shared in this guest post are his opinions and reflect his personal experiences and personal optimism around Ethereum. He currently owns some cryptoart and ETH.

The Latest: