DLN Exchange Live, a native cross-chain swap developed by deBridge, has officially launched. This exchange allows for direct asset swapping without the need for asset wrapping or liquidity pools. DLN offers fast transfers with incentives and eliminates various fees such as MEV, AMM fees, and slippage. This platform aims to provide users with a seamless and cost-effective swapping experience.
In other news, Celsius, a cryptocurrency lending platform, has made changes to its bankruptcy filing. Starting from July 1st, Celsius will convert all altcoins held by customers, except for those in “Custody and Withhold accounts,” into Bitcoin (BTC) and Ethereum (ETH). This decision has been made to streamline operations and ensure the financial stability of the platform.
Coinbase, one of the largest cryptocurrency exchanges globally, has launched a program that allows its global customers to earn a 4% annual percentage yield (APY) on USDC. This loyalty program, called the USDC Reward, is funded by Coinbase’s own funds and provides an attractive incentive for users to hold USDC.
Band, a cross-chain oracle protocol, has integrated with Axelar to enable data availability and interoperability between the Ethereum Virtual Machine (EVM) and Cosmos ecosystem. With this integration, dApps supported by Axelar gain access to Band’s data services, enhancing their functionalities and providing users with more information in real-time.
Astar Network, a smart contract platform and parachain on Polkadot, has announced its plan for Astar 2.0. This upgrade includes various changes such as the introduction of Astar Link, Tokenomics 2.0, new partnerships, and governance enhancements. These updates aim to further improve the capabilities and user experience on the Astar Network.
Polkadot, a multi-chain platform, has launched OpenGov, a new governance system for the DOT community. DOT holders can now apply to be part of the Polkadot Fellowship, enabling them to actively participate in the platform’s governance decisions. This move reinforces Polkadot’s commitment to decentralization and community involvement.
Other developments in the decentralized finance (DeFi) ecosystem include the introduction of delta-neutral vaults and incentivized lending pools. These innovations offer users new ways to manage their digital assets, hedge against market volatility, and earn additional rewards on their holdings.
As the DeFi space continues to evolve, it’s important to stay updated on the latest advancements and opportunities. The information provided here gives you a glimpse into the recent developments in the industry. Keeping abreast of such updates allows you to make informed decisions and take advantage of new possibilities in the rapidly growing DeFi landscape.