🦄 Uniswap V3 Launch: At the beginning of the month, Uniswap, the largest decentralized exchange on Ethereum, launched their highly-anticipated V3.
🔐 KeeperDAO: Quantstamp recently completed its audit of kCompound, a new product from KeeperDAO. kCompound allows users to open loans using Compound that receive automatic default protection from the KeeperDAO just-in-time underwriter and preferred liquidation using the KeeperDAO Hiding Game.
⏲️ Timeswap: Timeswap is a fixed maturity lending and borrowing protocol designed to work without oracles or liquidators and have collateralization ratios that are market driven.
🛡️ xToken: Quantstamp recently audited lending contracts for xToken. xToken is a decentralized lending protocol that offers passive, efficient ERC-20 staking strategies: users can stake DeFi tokens and rewards are auto compounded to the xToken. The lending contracts allow users to borrow stablecoins using xTokens as collateral.
✨ We also completed several other audits and security reviews this month, including BadgerDAO, Galleon DEX, and Vesper.
The Protocols Bringing Derivatives to DeFi
Derivatives are a crucial part of a mature financial system. In DeFi, brokers aren't required and settlement happens on-chain. Making these tools accessible to a global, decentralized community could unlock new levels of innovation and explosive growth this year.
In our latest post, learn about some of the cutting-edge protocols bringing derivatives to DeFi.
MEV, Ethereum's Dark Forest, and KeeperDAO
Many predators lurk in Ethereum’s dark forest.
Miner Extractable Value (MEV) is an emerging phenomenon that is likely to have a big impact on Ethereum’s future. In this recent blog post, learn how KeeperDAO hides MEV by creating games that ensure users, bots, and protocols stand more to gain by cooperating than competing.
NFTs and Scaling Solutions Fuel Blockchain Gaming Growth
In the first quarter of 2021, trading volumes of NFTs—or non-fungible tokens—increased more than 25x. While much of the attention has centered around NFTs within the art sector, they are also gaining significant ground in the world of gaming. As NFTs unlock true digital ownership for players, Ethereum scaling solutions are setting the stage for major growth.
From digital pets to sidechains, learn about some of the teams leading the charge in this recent post.
DeFi Beyond the Hype
A Wharton University of Pennsylvania paper, DeFi Beyond the Hype in collaboration with the World Economic Forum was reviewed by Quantstamp Research Engineer Sebi Banescu, Ph.D.
Wharton requested Quantstamp’s point of view as a security expert in the space and given our expertise in corporate-level smart contract insurance.
Covered in the paper:
- DeFi services
- Structures in DeFi
- Emerging developments
Read more: http://whr.tn/DeFi-BTH
Quantstamp recently sponsored JamHacks V, Waterloo’s biggest high school hackathon, bringing 200+ students from high schools all over North America. Along with being a Blueberry Sponsor, Quantstamp team member Jaye Harrill presented Core Concepts: Game Theory of the Ethereum Ecosystem. Quantstamp is proud to help support future innovators, coders, and entrepreneurs and bring more young people into the industry.
Other Upcoming Events
May and June are big months for crypto events, and we are proud to support some of the most seminal events of the season. Catch us down in Miami for Bitcoin 2021 as both attendees and sponsors. We also proudly sponsored Consensus by CoinDesk and HackMoney from EthGlobal.
Keep up with Quantstamp
Note: This update includes information and forward-looking statements about upcoming events and concepts under continuing development. Schedules, features, and functionality are subject to change or cancellation at any time and you are not to place undue reliance on this information or any forward-looking statements.