The decentralized finance (DeFi) space continues to evolve rapidly, with new developments and updates popping up on a daily basis. Today in DeFi, we take a look at some of the latest news and announcements, including the resolution of the Llama drama, the launch of Immutable zkEVM on Polygon, farming on Conflux, and more.
First up, the Llama drama that has been brewing in the DeFi community has finally been resolved. The DL team has reached an agreement on the token decision, meaning that there won’t be a token nor an airdrop. Additionally, all links are now redirecting to the original domain and products, bringing an end to the controversy that has been brewing around the project.
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In other news, Immutable X has partnered with Polygon to create a new zkEVM chain dedicated to web3 gaming, powered by Polygon’s zkEVM tech. Immutable X revealed plans for IMX token utility, which includes using IMX as the native gas token of Immutable zkEVM and expanding the current fee utility to all new zkEVMs on Polygon.
MakerDAO founder Rune has also clarified his endgame plan, which has three main focuses: Clear and Specific Rules, Governance Participation Incentives, and SubDAOs. With this plan, the MakerDAO community aims to create an ecosystem that is more transparent, accountable, and inclusive.
Finally, Balancer has been deployed on the Gnosis Chain, with four Balancer gauges launching to bootstrap liquidity on Gnosis and incentivizing boosted pools on Agave. This move will help to expand the DeFi ecosystem and bring more liquidity and accessibility to users.
In conclusion, the DeFi space is constantly evolving and producing exciting developments that can transform the world of finance. From new partnerships and protocols to innovative farming opportunities and free domain name offerings, DeFi is expanding rapidly, creating a more inclusive financial system for all.