The world of decentralized finance, or DeFi, is constantly evolving and expanding, with new launches, updates, and upcoming developments shaping the landscape of this rapidly growing industry. Today in DeFi, we have seen several significant developments that are worth noting, including the launch of Mantle L2’s new products, the proposal for a merger between Osmosis DEX and UC Chain, and the upcoming launch of Gearbox V3, among others.
One of the most notable launches today comes from Mantle L2, which has introduced two new products: Mantle LSP and mETH. Mantle LSP is a liquid staking protocol that allows users to stake ETH and earn rewards in the form of mETH. This innovative solution provides users with a new way to participate in staking while also earning rewards.
In the world of lending and borrowing, Aave DAO has proposed an increase in the GHO borrow rate from 5.35% APR to 6.35% APR. This move aims to support the peg restoration of GHO and align borrowing costs with market rates, demonstrating the flexibility and adaptability of DeFi protocols in responding to market conditions.
Another noteworthy update comes from Inverse Finance, which has launched its Accelerated Leverage Engine (ALE) on most FiRM markets. This new feature allows users to leverage their deposits by flash minting the required amount of DOLA to buy extra collateral via an exchange proxy and then borrowing from their escrow to repay and burn the minted amount.
Looking ahead, there are several upcoming developments to keep an eye on in the world of DeFi. The Cosmos-based Osmosis DEX and lending protocol UC Chain (formerly Umee) have proposed a merger, which, if approved, will see the integration of UC Chain’s codebase into Osmosis Chain, combining their capabilities and total value locked. Additionally, Mars Protocol has proposed migrating V2 to Neutron with a set of mutual commitments, and Gearbox is set to launch V3 soon with margin trading, new assets, L2 possible deployments, and better organic rates.
In the world of farming, Delta Prime is now offering a ~21% yield plus ~6.6% incentives on USDC and USDT farms on Avalanche and Arbitrum, while new AAVE incentives (~6000 USD) are live for the GHO-USDC vault on Range Protocol, enabling ~210% APR for LPs.
Finally, there are several upcoming TGE (Token Generation Event) analyses on the horizon, including a vote on the V2 economics by Lyra DAO and hints on the upcoming BadgerDAO 2.0.
Overall, today’s developments in DeFi demonstrate the dynamic and evolving nature of this industry, with new launches, updates, and upcoming developments shaping the future of decentralized finance. Keep an eye on these developments as they continue to unfold, as they are sure to have a significant impact on the DeFi landscape.