Thena Perps Live, Manta Mainnet Live, One-Stop Leveraged Staking, and More…
The decentralized finance (DeFi) space continues to evolve rapidly, with several new and exciting developments taking place. Let’s take a look at some of the latest happenings in the industry.
Thena, a decentralized exchange (DEX) built on the Binance Smart Chain (BnB Chain), has launched its perpetuals beta. This new feature allows users to trade various assets, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and over 150 other tokens, with leverage of up to 60x. By offering leveraged trading, Thena aims to cater to the needs of more experienced traders looking to maximize their potential gains.
Manta, another notable player in the DeFi space, has launched its Pacific alpha mainnet. Manta is an Ethereum Virtual Machine (EVM) Layer 2 solution that enables seamless integration of zero-knowledge (ZK) features directly into Ethereum decentralized applications (dApps). This means that developers can easily incorporate advanced privacy features into their dApps, providing users with enhanced security and confidentiality.
IndexCoop, a decentralized autonomous organization (DAO) dedicated to building and maintaining index products, has introduced a new index token called $ic21. This token offers exposure to the top ten cryptocurrency assets, including Bitcoin, Ethereum, Binance Coin, Ripple, Cardano, Solana, Litecoin, Polkadot, Polygon, and Bitcoin Cash. By investing in $ic21, users can gain diversified exposure to the crypto market while mitigating the risks associated with individual tokens.
TFM, a decentralized exchange and non-fungible token (NFT) aggregator based on the Cosmos blockchain, has launched IBC earn. This yield aggregator allows users to monitor and capitalize on the various yield opportunities across the Cosmos ecosystem. With IBC earn, users can easily enter, exit, and transfer positions using a single dApp, making it more convenient to manage and optimize their yield farming strategies.
Mountain protocol has unveiled USDM, the first regulated stablecoin backed by short-term Treasury bills. USDM offers users a stable store of value while also generating yield through its backing by low-risk government securities. To mint USDM, users are required to have a Mountain account, ensuring a regulated and transparent process.
MetaMask, arguably the most popular cryptocurrency wallet, has introduced Snaps. This new feature allows users to enhance their MetaMask wallet by adding various functionalities and features developed by independent developers. With over 30 Snaps already available and more to come, MetaMask users can further personalize their wallet experience and access an expanding ecosystem of diverse tools and services.
The DeFi sector continues to push boundaries and bring innovative solutions to the crypto space. These latest developments demonstrate the industry’s commitment to offering users more options, improved privacy, and enhanced functionality. As new projects and advancements emerge, it is becoming evident that DeFi is transforming the way traditional finance operates, opening up new possibilities for users worldwide.
