Today in DeFi, news has broken that Uniswap will be imposing a 0.15% fee starting on Tuesday. This fee will be applied to trades of popular tokens such as ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC, and XSGD. This move is sure to have an impact on traders and liquidity providers within the space.
In other news, the Aura community has proposed a collaboration with Aave for a token exchange. The deal would involve swapping 238,544 AURA (equivalent to around $200,000) for 2,965.35 AAVE. After the exchange, Aura plans to convert the AAVE into stkAAVE and delegate any voting power to Karpatkey. This potential collaboration could help further intertwine the two communities and solidify their positions within the DeFi space.
Rabby Wallet has also announced the launch of a desktop client, offering a dedicated experience for users with features from Rabby. This move is sure to please users who prefer a desktop interface for managing their DeFi activities.
Lido governance has approved the sunsetting of Lido Solana, which will begin shortly. The community also considered sunsetting Lido on Polygon to avoid assuming risks from smaller pockets of TVL. These governance decisions are vitally important for the long-term health and sustainability of DeFi protocols.
Aave governance has approved a proposal to increase the GHO borrow rate by 50 basis points (bps), raising it from 2.5% to 3%. This adjustment could have a noticeable impact on Aave’s lending and borrowing ecosystem.
Following a DNS hack, the Balancer community has proposed to compensate users impacted by refunding 75% of their losses under BIP 443. This proactive move demonstrates the community’s commitment to making things right for affected users.
Lastly, the cross-chain lending protocol Symbiosis has deployed zaps for Aave on five networks including Base L2. This expansion could help facilitate increased access to Aave’s lending and borrowing services across multiple ecosystems.
These developments demonstrate the dynamism and innovation within the DeFi space and highlight the importance of governance decisions and community collaboration in shaping its future. As the industry continues to grow and evolve, it will be crucial for participants to stay informed and engaged with these ongoing developments.