DeFinitely 51 - The News in DeFi
Well, I lost some GAS this week in ForceDAO...
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DeFi Top Stories
- Autofarm: Venus v2 Vaults
Autofarm is integrating Venus v2 vaults this coming Friday, 9th April 2021.This v2 upgrade impacts the WBNB, BUSD, USDT, USDC, BTCB, ETH, DOT, and LINK single-asset vaults on Autofarm.
- Loopring Quarterly Update: 2021/Q1
The new protocol unveiled an Ethereum zkRollup AMM for the first time, which was quite an achievement, and drove lots of new users and assets to our L2. Loopring builds non-custodial, high-performance products atop our layer-2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring Exchange — an L2 orderbook and AMM DEX. This was a first ever — a wallet (let alone a smart wallet) with L2 directly integrated. Users in the future will also want to move to Loopring from other L2s/exchanges without going through L1. The trustless Merkle-proof-based ‘Withdrawal mode’ was enabled for several weeks where users were able to eject from the zkRollup with the relayer being down and without our help.
- PieDAO: Automated Financial Independence
PieDAO is a Decentralised Autonomous Organisation working to ensure that the barrier for entry to decentralised and sustainable investing is lowered
- Introducing C.R.E.A.M. Flash Loans
With C.R.E.A.M.’s wide and growing set of assets, users can now access flash loans on many more assets than before, at the cost of 0.03%. Previous to this launch, affordable flash loans were only available on a very limited set of assets. Flash loans use-cases include democratized liquidations, arbitrage, collateral swapping, interest-rate swapping, and many more. C.R.E.A.M. makes flash loans more useful to a larger variety of stakeholders, allowing users to become more flexible and capital efficient.
DeFiniteley recommend reading those, if you want to stay up-to-date :)
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