Article: Last Week in DeFi – Solana Pay x Shopify, Base x OP: Shared Governance, Balancer Pool Vulnerability, and More…
Last week was packed with exciting developments in the world of decentralized finance (DeFi). From new project launches to integrations and partnerships, here are some of the highlights from the past week.
Ajna Launches Permissionless Pools on Summerfi
Ajna, the decentralized finance platform, announced the launch of permissionless pools on their platform, Summerfi. This allows users to deploy any ERC20 asset pairing without the need for oracles or permissions.
Aevo Lists FRIEND-PERP on Base
Aevo, the blockchain-based index provider, listed FRIEND-PERP, an index perpetual contract based on Friend Tech. The contract’s value is determined by the amount of ETH in the Friend Tech smart contract on Base, converted to dollars.
Beam Introduces Instant Payouts
Beam, a crypto off-ramp service provider, introduced Instant Payouts, allowing users to instantly transfer crypto from Metamask to their debit cards. This feature provides convenience and accessibility for users.
EUROe Launched on Solana
Membrane Finance launched EUROe, a MiCA-compliant euro stablecoin, on the Solana blockchain. EUROe can be created and redeemed in a 1:1 ratio without any fees by anyone with a EUROe account.
PESO Stablecoin Goes Live on Polygon
Num finance launched nCOP, an overcollateralized Colombia PESO-pegged stablecoin, on the Polygon network. nCOP offers a yield of 8% and aims to provide stability in the DeFi ecosystem.
Thales Launches Speed Markets
Thales, a decentralized options trading protocol, launched speed markets on Optimism and Arbitrum. These markets are designed for shorter time frames, providing users with quick and efficient trading options.
Solana Pay Integrates with Shopify
Solana Pay, a payment solution built on the Solana blockchain, announced its integration with Shopify. This integration allows businesses on the Shopify platform to accept payments using Solana Pay. Solana Pay plans to add more altcoins, including SOL and meme token Bonk, to its platform in the coming months.
Aave, 1inch, Indexcoop, Sushi V2 Deploy on Base
Lending protocol Aave, DEX aggregator 1inch, index protocol IndexCoop, and decentralized exchange SushiSwap V2 have deployed on Base. These integrations further expand the utility and accessibility of the Base platform.
PancakeSwap Deploys V3 on Linea
PancakeSwap, a decentralized exchange on the Binance Smart Chain, deployed Version 3 of its protocol on the Linea L2 network. This upgrade aims to enhance the user experience and optimize performance.
Balancer Pool Vulnerability
Balancer, a decentralized exchange and liquidity protocol, received a report of a critical vulnerability affecting some of its V2 pools. Emergency procedures were executed to address the issue, and over 99% of the initially vulnerable liquidity has been secured. However, Balancer faced flash loan attacks over the weekend, resulting in a loss of around 900K. Users are advised to withdraw from affected pools to prevent further losses.
These were just some of the highlights from the past week in the world of DeFi. The industry continues to innovate and grow, bringing exciting opportunities and challenges along the way. Stay tuned for more updates and developments in the decentralized finance space.
Disclaimer: The information presented in this article is based on the information contained in Ajna Permissionless Pools Live and is for informational purposes only. The original author of the information has not been mentioned in the article.