Last week in the world of decentralized finance (DeFi), there were several exciting developments across various platforms and protocols. From the launch of new stablecoins and yield-bearing assets to the introduction of innovative features and upgrades, the DeFi space continues to evolve at a rapid pace. Here’s a roundup of some of the key developments from last week:
QuickSwap Bonds Live
QuickSwap, a popular decentralized exchange (DEX) on the Ethereum network, launched QuickSwap Bonds, a new way for liquidity provision. Users can provide liquidity and receive tokens at a discount that vest over time, represented by a Bond NFT.
Liquity Introduces Desktop Frontend
Liquity, a decentralized borrowing protocol, introduced IApps (local apps), a self-ran private frontend solution that offers regulatory compliance, better security, faster loading, and update policy.
LSDfi Apollo Launching on Neutron
Apollo DAO, a protocol focusing on LSDfi (Liquid Staking Derivatives) on Cosmos, is set to launch a new ETH (wstETH/ETH LP) Vault for Neutron, a platform designed for building DeFi applications on the Cosmos network.
Kamino Points Coming
Solana-based Kamino Finance announced plans to launch a points system, providing users with additional incentives for farming and trading activities on the platform.
GYD Stablecoin and CVI V4
Gyroscope, a decentralized finance platform, launched GYD, a dollar-pegged stablecoin backed by reserve assets. Additionally, the Crypto Volatility Index (CVI) introduced CVI V4, featuring new features such as the Hedged Theta Vault and borrower leverage.
AeUSD and aeUSD
Aevo, a derivatives protocol, launched aeUSD, a yield-bearing stables-denominated collateral asset, which allows users to earn a 4.75% APY on their exchange margin while trading with 20x leverage.
Helium Mobile Nationwide Plan
Helium Mobile, a mobile network powered by the Helium Network and a nationwide 5G network, launched a new nationwide plan in the US with unlimited data, text, and talk that costs $20 a month.
These are just a few of the many developments that occurred in the DeFi space last week. The constant innovation and advancement in the industry continue to pave the way for new opportunities and possibilities in the world of decentralized finance. As the industry continues to evolve, it will be interesting to see what other developments and advancements unfold in the coming weeks and months.