Last week in the world of decentralized finance (DeFi) brought a flurry of activity and developments across various platforms. From the launch of new tokens and products to the unfortunate exploit of a popular protocol, the DeFi space continues to be a hotbed of innovation and risk. Here’s a roundup of some of the key events from last week in DeFi:
Raft Exploited for 6.7M: Raft, a DeFi protocol, fell victim to an exploit resulting in the loss of approximately $6.7 million worth of unbacked assets. In response, Raft announced plans to sunset the current version and establish a recovery plan for affected users.
Pika Retiring Token: The Pika project announced its decision to retire the PIKA token, allowing holders to redeem PIKA for ETH. The project will continue its operations without a token.
Ether.fi Launches eETH: Ether.fi, a DeFi platform, launched eETH on the mainnet for whitelisted users. eETH is designed to offer innovative opportunities for users in the DeFi space.
RocketPool Announces Houston Upgrade: RocketPool, a decentralized staking platform, announced the launch of the Houston upgrade. This upgrade is expected to enhance the user experience and functionality of the platform.
Notional V3 Public Launch: Notional V3 went live publicly on Arbitrum, supporting 12 currencies for lending and borrowing, as well as 9 for leveraged yield strategies. Additionally, NOTE incentives are now live on the platform.
In addition to these events, various other projects and platforms also made significant announcements and launches. Flashbots cofounder Stephane Gosselin introduced Alfred, a trading bot on Telegram that offers user-friendly token swaps with MEV protection. Sushiswap unveiled Smart Pools, while CowSwap launched Programmatic Orders and Programmatic Order Framework. Jupiter, a Solana DEX aggregator, introduced a new LP-to-trader perpetual exchange. Furthermore, Vertex introduced new take-profit and stop-loss orders, and Rysk launched Put/Call debit spreads.
Outside of platform-specific updates, even major institutional players showed their interest in the DeFi space. BlackRock filed for a spot ETH ETF through Nasdaq, a move that could further mainstream institutional investment in Ethereum.
As the DeFi space continues to evolve and expand, being informed about the latest developments becomes increasingly important. Whether you’re a seasoned DeFi enthusiast or just beginning to explore the space, staying updated on the latest news, launches, and trends is crucial. Platforms like Today in DeFi Premium offer early looks at promising projects, yield farming tips, and proper research to help individuals make the most out of DeFi.
Overall, last week in DeFi was marked by a mix of exciting launches, unfortunate exploits, and institutional interest. As the space continues to mature, it’s essential for participants to stay informed and exercise due diligence when exploring new opportunities in DeFi.