Top of Mind at Shipyard
Stablecoins are the single largest real-world use case for blockchain technology, however, they are also one of the most misunderstood products.
Stablecoins are used in three ways; as a medium of exchange, as a store of value, and as a trading instrument. The problem is that people tend to narrow their stablecoin use to only one of these functions, ignoring the other two. This leads to them only being aware of stablecoin activity related to their particular use case, resulting in many people falsely believing that stablecoins are only used for one purpose–the one they use them for. In reality, stablecoin activity is fairly evenly distributed amongst the three use cases, with roughly ⅓ of stablecoins being used as a medium of exchange, ⅓ as a store of value, and ⅓ as a trading instrument. The data doesn’t lie, and the data is clear. Check out my latest Forbes guest piece for the data and a deep dive on this. This is just the beginning for stablecoins.
- Shipyard CEO, Mark Lurie
Below DEX
Clipper is now live on Base with an ETH <> stablecoins Core pool designed to facilitate faster, cheaper transactions for DeFi's most traded assets. For those who aren’t yet familiar with it, Base is a L2 developed by Coinbase, using the OP Stack. It is an open-source optimistic rollup that provides the underlying security and scalability of Ethereum (along with Coinbase’s best practices) while reducing costs for users by 10x. This new addition means Clipper is now live on 6 trusted networks! Giving Clipper users even more options, flexibility, and ease of use as they sail the DeFi seas.
Around DeFi
- OKX integrates Uniswap API to allow gas-free trading via “Snap” feature.
- PancakeSwap v4 is coming in Q3.
- Tader Joe announces Token Mill coming soon.
Community Updates
- AdmiralDAO passed a proposal to transition Clipper to a 2-pool model.
- The DAO voted to introduce a bonding mechanism for SAIL to help amplify its market impact.
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