DeFi continues to see exciting developments, with news today that 1inch has expanded its Fusion Mode feature to five additional chains, making it even easier for users to swap tokens at better rates without network fees. The extension of Fusion Mode to Optimism, Arbitrum, Avalanche, Fantom, and Gnosis Chain is a significant boost for 1inch, which has already established itself as a major player in the DeFi space.
In other news, Yearn has partnered with CowSwap to launch Dump Services, a tool that enables users to sell all tokens in their wallets in a single transaction. The service is a useful addition to DeFi, providing another option for those looking to quickly liquidate their tokens.
Avalanche has also announced a partnership with Alibaba Cloud, giving the company’s business clients access to the Cloudverse launchpad so that they can launch their own Metaverse spaces on Avalanche. This is an exciting development for Avalanche, which is quickly emerging as a leading blockchain platform.
The Cosmos community has also approved the implementation of the Liquidity Staking Module (LSM) in a future upgrade, which will enable users to liquid-stake their already staked ATOM. This move is in line with the broader trend towards greater liquidity in DeFi.
Finally, payment infrastructure company Stripe has introduced hosted fiat-to-crypto onramps, enabling its clients to integrate the service and enable their US-based customers to purchase crypto easily. This is an important development for DeFi, as it makes it easier for mainstream users to access the space.
Overall, today’s news highlights the ongoing growth and innovation within the DeFi space. As more companies and projects continue to emerge, it is clear that DeFi has the potential to transform the way we think about finance and money.