Decentralized Finance protocol Alchemix said on social media that L rewards for alETH/frxETH and alETH/wETH have been turned on, and users can deposit and earn rewards.

According to the governance forum, the Aave community proposed to add sfrxETH as a reserve to the Aave V3 Ethereum market, which will bring additional diversity and liquidity to the ecosystem. In addition, the introduction of frxETH will be an additional source of income for Aave, which will benefit the entire ecosystem and will have a positive impact on asset liquidity and peg flexibility.

According to PANews on August 20, Curve released a proposal to disable the chainlink limit of the crvUSD price oracle machine. The proposal states that Chainlink currently enforces a “safety limit” of +/- 1.5% on all crvUSD price oracles. This means that if the Chainlink price deviates too much (1.5%) from the internal oracle price (EMA), it will use Chainlink's source. When the market is highly volatile, Chainlink price can cause unnecessary losses. Price oracles using Chainlink limits can still be biased if volatility is high enough. It is therefore recommended to disable Chainlink restrictions in price oracle contracts for all markets, except the old frxeth market (which will be replaced by the new market soon). This is done by calling setusechainlink(False) in all price oracle contracts of the ControllerFactory owner (ownership DAO).

Jinse Finance reported that Curve issued a proposal to disable the crvUSD price oracle Chainlink restriction. Currently, all price oracles in crvUSD have a Chainlink +/- 1.5% “safety limit,” the proposal says. This means that if the Chainlink price deviates too much (1.5%) from the internal oracle price (EMA), it will use Chainlink's source. It appears that Chainlink price takes unnecessary losses when the market is volatile. Price oracles using chainlink limits can still be biased if the volatility is high enough. Therefore, I recommend disabling Chainlink restrictions in price oracle contracts for all markets, except the old frxeth market (which will be replaced by the new one soon). This is done by calling all price oracle contracts from the controller owner (Ownership DAO) via setusechainlink(False).

On July 31, the DeFi protocol StaFi tweeted that the rETH pool on Curve does not depend on the Vyper version and is not affected. The rETH/ETH and rETH/frxETH pools are not affected by the Curve event. The fund pool is not dependent on the Vyper version, and user funds are safe.

Trends and Narratives (1) LSDfi remains the hottest DeFi narrative. Frax's $frxETH and RocketPool's $RPL saw the largest increases in TVL. Swell is the fastest growing new protocol, but it doesn't seem very innovative, so stay tuned.

According to news from PANews on May 16, according to CoinDesk, Asymmetry Finance, a liquid mortgage derivatives agreement, raised $3 million from Ecco Capital, Republic Capital, GMJP, and Ankr. The project is led by co-founders Justin Garland and Hannah Hamilton. Asymmetry's main product is the safETH token, which represents a basket of liquid collateralized derivative tokens, including Lido's wstETH, Rocketpool's rETH, Frax's frxETH, Stakewise's sETH2, and Ankr's ankrETH.