Last week in the world of DeFi, there were several notable developments and updates from various projects and platforms. Let’s take a closer look at some of the highlights.
Valkyrie ETH Futures ETF Launching:
The Ren Foundation, a non-profit organization focused on blockchain interoperability research and development, introduced the Valkyrie ETH Futures ETF. This new product offers exposure to Ethereum futures, allowing investors to participate in the price movements of the popular cryptocurrency.
SEC Delays Bitcoin Spot ETFs:
In a setback for the crypto community, the U.S. Securities and Exchange Commission (SEC) announced a further delay in its decision regarding Bitcoin spot exchange-traded funds (ETFs). This news disappointed many who were hoping for a Bitcoin ETF to be approved, as it could potentially lead to increased mainstream adoption of the cryptocurrency.
Aori Order Beta Live, Gains Tokenomics Upgrade:
Gains Network launched the Aori Order Beta, a new platform that focuses on improving order execution for traders. Additionally, the Gains Network also unveiled an upgrade to its tokenomics, increasing the staker revenue sharing by approximately 60-80%.
IBC on BSC:
Toki, a bridging protocol, enabled Inter-Blockchain Communication (IBC) on the Binance Smart Chain (BSC). This development allows the BSC to communicate with other blockchains using the IBC protocol, facilitating interoperability between different blockchain networks.
Linea Voyage XPs:
Linea, a blockchain project, introduced Voyage XPs, which are non-transferrable SBTs (Special Blockchain Tokens) that will be used as rewards for community members who contribute to the project. The team plans to distribute these XPs during the upcoming Linea Voyage program.
Arbitrum Odyssey Relaunches:
Arbitrum, a layer 2 scaling solution for Ethereum, relaunched its official version of Odyssey. Through this relaunch, users can participate in various missions and earn badges by completing tasks during a seven-week campaign.
These were just a few of the many developments in the world of DeFi last week. From the introduction of new products and upgrades to delays and setbacks, the DeFi landscape continues to evolve rapidly. Stay tuned for more exciting news and updates in the weeks to come.
