DeFi has been buzzing with activity lately, with several significant developments taking place across various platforms. In this Today in DeFi roundup, we highlight some of the exciting updates that have taken place recently.
Swell Network Launches Beta on Ethereum
Swell Network, a liquid staking protocol that aims to simplify the staking process, has launched its beta on Ethereum. The platform offers zero-fees staking and an opportunity to participate in Swell’s governance. Liquid staking allows users to stake their tokens while retaining the underlying asset’s liquidity, enabling them to use their assets as collateral or trade them on exchanges.
Cashmere on Testnet
Cashmere, a cross-chain swap that offers maximum extractable value (MEV) protection, is now live on the testnet. The platform will be deployed to 11 chains, including Ethereum, Binance Smart Chain, Arbitrum, Optimism, and Polygon, among others. Cashmere aims to offer a more secure, more efficient way to perform cross-chain swaps.
Arbitrum Airdrops Tokens to DAOs
Arbitrum, a popular Layer 2 solution, has airdropped a 1.13% token allocation to DAOs. The top recipients include Treasure, SushiSwap, Dopex, Radiant Capital, and Balancer. Arbitrum aims to encourage the growth of the DeFi ecosystem by incentivizing DAOs to use its platform.
GMX Integrates with Chainlink
GMX, a decentralized derivatives exchange, has voted to integrate Chainlink’s new low-latency oracles. GMX will be the launch partner for Chainlink’s new oracles, integrating them into its upcoming GMX V2 to support market data. The integration will enable GMX to offer more efficient, reliable, and secure price feeds.
ZetaChain Accepts Validator Applications
ZetaChain, an EVM-compatible Layer 1 platform, is accepting applications to be a validator for its Athens-3 incentivized testnet. Applicants will have to apply via CoinList before April 30. ZetaChain aims to attract validators who can contribute to the network’s stability, security, and growth.
Zilliqa Rolls Out EVM Compatibility
Zilliqa, a high-performance blockchain platform, is rolling out EVM compatibility to its mainnet. The upgrade will add support for EVM wallets and dApps, making it easier for Ethereum developers to port their projects to Zilliqa. The upgrade is expected to make Zilliqa even more attractive to developers looking to build new applications.
These developments demonstrate the vibrant and dynamic nature of the DeFi ecosystem, which continues to evolve and mature rapidly. As more platforms launch, new projects emerge, and more users join the ecosystem, we can expect DeFi to become even more sophisticated and accessible in the coming months and years.