Today in the world of DeFi, some exciting developments are taking place across various platforms. Lumio, the first Move L2 that is EVM-compatible and settles on Ethereum, is now on testnet and will gradually open up to a whitelist of users. This is a significant step forward for the Lumio network, and it will be interesting to see how it develops in the future.
In other news, Solana-based wallet Phantom has announced support for trading and transferring Bitcoin, Ordinals, and BRC-20 tokens. This will undoubtedly be welcomed by the community as it opens up new opportunities for trading and exchanging cryptocurrencies.
Meanwhile, Render Network has transferred its tokens onto Solana, changing the token’s ticker from RNDR to RENDER. The platform has also implemented a Burn and Mint Equilibrium (BME) model, which will have implications for token economics and trading on the network.
Immutable has launched its web3 gaming “Passport”, allowing players to use identities and assets with a universal profile across multiple platforms. This could potentially revolutionize the gaming industry and make it more seamless for players to navigate different gaming ecosystems.
B Protocol has implemented a smart contract as a MetaMorpho vault’s Allocator, which will block funds allocation to markets whose risk level becomes too high. This is a significant development in risk management within DeFi, and it will be interesting to see how it impacts the overall stability of the market.
Frax FXS halving is live, with emissions halving across all gauges. Additionally, there is news of an upcoming airdrop and points system tied to FXS on Fraxchain, which has generated a lot of excitement within the community.
Lastly, Lisk has announced its transition from an L1 to an Ethereum L2 in collaboration with Optimism and Gelato. Token migration will be part of the transition, and the testnet deployment is scheduled for Q1 2024. This is a significant move for Lisk and could potentially open up new opportunities for the platform.
Overall, there are many exciting developments taking place in the world of DeFi, and it will be interesting to see how these projects continue to evolve and shape the future of decentralized finance. Stay tuned for more updates as these projects unfold.