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An updated look at Tornado Cash

January 13, 2022, 5:36PM EST • 5 min read Quick Take Tornado Cash uses zero-knowledge proof to break linkages between fund sender and receivers. Token incentive was leveraged to attract liquidity as the total value locked in Tornado Cash increased tenfold in 2021. Tornado Cash Nova enables deposits and withdrawals of arbitrary amounts of Ether, as well as shielded transfers of deposited tokens within the pools. Join The Block Research for exclusive research like this Gain access to this research …

Game theory behind Curve and Convex Finance

January 6, 2022, 9:10PM EST • 9 min read Quick Take Curve is the largest DeFi protocol by value locked, and liquidity providers (LPs) on Curve are rewarded with CRV tokens. CRV can be locked to boost LP rewards, earn protocol revenue, and vote on proposals related to reward allocation. Convex and Votium are tools built on top of Curve that increase the economic efficiency of locked CRV tokens. More than 80% of value locked on Curve originates from Convex. …

Furucombo: no-code atomic transactions

December 30, 2021, 10:24AM EST • 6 min read Quick Take Furucombo provides a user-friendly interface that facilitates the construction of atomic transactions on Ethereum and Polygon Furucombo’s usage is on a downtrend as it struggles to find a product-market fit COMBO token holders may be able to participate in on-chain governance and benefit from revenue sharing in the future Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including …

CowSwap: gas-free swaps with batch settlement

December 16, 2021, 2:21PM EST • 5 min read Quick Take CowSwap executes multiple trades by batching them into a single transaction Submitting limit orders involves signing messages which do not require gas fees CowSwap targets at facilitating the matching of “coincidence of wants” Join The Block Research for exclusive research like this Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, …

Polygon’s transition to zero-knowledge

December 14, 2021, 9:41AM EST • 9 min read Quick Take Polygon recently announced the acquisition of MIR protocol, a zk-SNARK rollup Polygon also recently launched Polygon Miden, the first open-sourced STARK-based rollup framework Polygon has previously started exploring the ZK-rollup space, with its acquisition of Hermez Network and partnership with EY for Polygon Nightfall Polygon’s PoS chain has seen increased adoption but this success may not translate directly for their suite of ZK solutions by the time they are …