The world of DeFi is constantly evolving, and today is no exception. Here are some of the latest updates:
Maverick AMM Launches Boosted Positions
Maverick has launched a new feature called Boosted Positions, which allows protocols to add incentives to any LP position on Maverick to build up liquidity. This will enable more efficient price discovery and reduce slippage for users. It is expected to facilitate a more seamless trading experience and create a more robust ecosystem.
Sui Mainnet Goes Live
The Layer 1 blockchain Sui has launched its mainnet. Sui is parented with Coinbase Cloud and Wormhole to provide staking and bridging infrastructure for developers. With the launch of its mainnet, Sui aims to make blockchain more accessible to developers and to build a more robust and user-friendly DeFi ecosystem.
crvUSD Contracts Deployed on Mainnet
The crvUSD contracts have been deployed on mainnet, and the first 1 million crvUSD are backed by Frax’s sfrxETH. The crvUSD UI will be deployed soon, which will provide users with a more seamless and user-friendly experience.
Ether.fi Phase 1 Launched
ETH staking protocol Ether.fi has launched phase 1, which focuses on delegated staking. Ether.fi will roll out the protocol with a whitelist for large ETH stakers initially, and then launch the meETH loyalty points membership program. This loyalty program will allow all EAP stakers to migrate their stake.
Vote on Revenue Distribution, Cross-Margin Trading on Arbitrum, and More…
There are several other updates in the DeFi space, including the ability to vote on revenue distribution and cross-margin trading on Arbitrum. These updates are expected to enhance the user experience and create a more efficient and seamless DeFi ecosystem.
As DeFi continues to evolve, it is important to stay informed about the latest updates and innovations. Today in DeFi is a great resource for those who want to stay up-to-date. If you find our content helpful, please consider supporting us by making a donation on our Gitcoin page. Your support will help us continue to provide valuable content and stay at the forefront of DeFi innovation.
