The world of decentralized finance, or DeFi, is constantly evolving and advancing. Today, a number of exciting developments are taking place, including the launch of Libree on Aragon, the availability of tBTC on Arbitrum, the launch of Agamotto, and the bridging of Miladies NFTs to Bitcoin.
One of the most exciting developments in DeFi today is the launch of a new project on Aragon called Libree. This platform allows users to quickly and easily create Investment DAOs, with the ability to create asset management strategies and assign permissions to wallets managing funds. With one click, users can create and manage an entire DAO, making it easier than ever before to get involved in decentralized finance.
Another major development in DeFi is the availability of tBTC on Arbitrum. tBTC is a BTC token on the Ethereum network, and its availability on Arbitrum will allow for greater liquidity and easier cross-chain transactions. Using Wormhole, tBTC on Arbitrum will refer to canonical tBTC minted on the Ethereum mainnet, preventing liquidity fragmentation and making it easier for users to trade tBTC on different chains.
Agamotto is another exciting development in DeFi. This Cosmos chain is focused on providing price feeds for assets on Cosmos, with the aim of providing manipulation-resistant price feeds for assets on the network. This will help to ensure greater transparency and accuracy in price data, making it easier for users to trade assets on Cosmos.
In addition, Miladies NFTs can now be bridged to Bitcoin. This allows users to easily transfer their NFTs between different blockchain networks, making it easier to manage their collections. However, it is important to note that this is a one-way operation, and Miladies NFTs cannot be bridged back to their original network.
Finally, a new version of Tricrypto has been deployed on the Ethereum network, pending a few DAO votes to be active on the UI. Tricrypto-NG uses much less gas than previous versions, making it a more cost-effective option for users. It also uses a “more solid” price oracle, providing greater accuracy and reliability in price data.
Overall, these developments show the continued growth and advancement of DeFi, with new tools and platforms making it easier than ever before for users to get involved in decentralized finance. As these technologies continue to evolve and mature, we can expect to see even more exciting developments in the future of DeFi.
