Today in the world of decentralized finance (DeFi), several significant developments have taken place. Let’s dive into the latest news in the DeFi space.
Firstly, lending protocol Myso has launched V2 on the Ethereum network. This new version introduces some exciting features, such as liquidation-free borrowing, expanded asset support, customizable loan terms, and leverage options. With liquidation-free borrowing, users can have a more secure borrowing experience, as they no longer need to worry about sudden liquidations.
In another story, the Fantom Foundation has suffered a wallet exploit, leading to the loss of at least 7 million. However, the core developer of Fantom, Andrew Cronje, assured the community that all foundation funds are secure. The stolen funds belonged to a Fantom employee who was targeted in the attack. This incident highlights the need for continued vigilance in the DeFi space, as the attractiveness of these platforms can also attract malicious actors.
Moving on, the options decentralized exchange (DEX) BracketX has launched a new product called Passage on the Arbitrum testnet. Passage is a long/short volatility market that enables traders to take on short-term volatility positions without needing to have a directional bias. This new offering adds more flexibility and trading opportunities for DeFi enthusiasts.
In other news, BnB Greenfield has launched its mainnet. BnB Greenfield is a decentralized data storage network that offers features like access control, cross-chain programmability, and data monetization and exchange. This project aims to revolutionize data storage by leveraging the benefits of decentralization and blockchain technology.
Additionally, the testnet of Dydx, a popular decentralized exchange, experienced some issues, resulting in the temporary shutdown of testnet 3. However, the governance team is actively working on resolving these issues and is set to launch testnet 4, which will be the final testnet before the platform goes live on the mainnet. This progress brings the Dydx platform one step closer to its official launch.
Lastly, Manta L2, a layer 2 scaling solution, has announced plans to transition into a zkEVM (zero-knowledge Ethereum Virtual Machine) using Polygon’s technology. This change, originally intended to use the OP stack, will provide enhanced privacy and scalability for Manta L2 users. It is worth noting that the original author of the Manta L2 solution has not been mentioned, raising some questions about the project’s origins and development.
In conclusion, today’s developments in the DeFi space cover a wide range of areas, from lending protocols to wallet exploits and new product launches. As the DeFi ecosystem continues to evolve rapidly, it is crucial for users and developers to remain vigilant and adapt to the ever-changing landscape of decentralized finance.