Last Week in DeFi saw several significant developments in the world of decentralized finance. Here are the key highlights from the past week:
1. Optimism L2 PGN Live: Optimism L2 PGN LivePublic Good Network (PGN) is now live. PGN is an L2 OP chain that enables developers to generate funding for public goods by running dApps on PGN. Users also benefit from an affordable alternative to the Ethereum mainnet.
2. tBTC V2 Redemptions Live: The BTC bridging protocol Threshold has launched tBTC V2 redemptions. Users can now redeem their tBTC back to native BTC.
3. Rysk Options Trading Live: Arbitrum-based options protocol Rysk has enabled ETH options trading after the liquidity bootstrapping phase.
4. Y2K Depeg Vaults: Y2K finance has launched Depeg vaults, starting with support for MAI and MIM. Users can predict price directions using “ABOVE” or “BELOW” strikes on stablecoin pegs.
5. Factor V2 Live on Arbitrum: Yield protocol Factor has launched V2 on Arbitrum, offering initial strategies for TradeJoe, Mux, and GMX vaults. Factor also introduces V2 staking rewards.
6. Thena Alpha on BnB Chain: Thena.fi, a BnB Chain-based DEX, has launched its perp trading platform Alpha. The platform supports 100 assets with up to 40x leverage and zero funding rates. However, it is currently open only to whitelisted addresses.
7. Avalanche Invests in RWA: The Avalanche Foundation has introduced Vista, a program that allocates $50 million to purchase tokenized assets minted on the Avalanche blockchain. This includes assets such as equity, credit, real estate, commodities, and blockchain-native assets.
8. Conic Raises $1 Million: Curve yield protocol Conic has raised $1 million from Curve founder Michael Egorov. This funding comes after Conic’s recent exploitation and aims to strengthen the protocol’s security.
9. Gravita Live on Arbitrum: Lending protocol Gravita has expanded to Arbitrum, allowing low-cost borrowing on its LST-backed stablecoin GRAI.
10. LUSD on Polygon zkEVM: Liquity has launched LUSD on Polygon’s zkEVM, further expanding the reach of its stablecoin.
These are just a few of the notable events in the DeFi space from the past week. The industry continues to evolve rapidly, with new protocols and features being introduced regularly. Stay tuned for more updates on the latest developments in the world of decentralized finance.
