Last Week in DeFi saw a flurry of activity, with various protocols and projects launching new features, updates, and services. PancakeSwap, for instance, rolled out its Position Manager on V3, which enables automated LP, gas-free auto-compounding, and protocol & strategy integrations. Meanwhile, Woofi launched WOOFi Pro, an orderbook-based perp dex with omnichain deposits and other features.
Nomic BTC was also live on Osmosis and Kujira, while Derivio went live on zkSync Era, allowing users to trade derivatives on more than 20 markets. Valorem also launched its V1 UI, allowing users to trade options on Arbitrum. ElixirAMM launched orderbook modules, offering liquidity directly to pairs on Vertex on Arbitrum, and Bond protocol introduced Bond Limit Orders to reduce waiting time and decrease average discounts on bonds.
Perennial DEX launched Trigger Orders, enabling Limit Orders, SLs, and TPs for traders, and Synapse X went live for modular bridging. Lens v2 was deployed on the Ethereum mainnet, and Celestia launched mainnet beta, introducing the first modular data availability network. However, increased arbitrage activities following the TIA token launch on Osmosis caused network clogging and transaction inclusion delays.
In less positive news, the SEC charged two SafeMoon executives with fraud and unregistered offering of crypto securities, and Aave had to pause its v2 Ethereum markets and certain assets on v2/v3 on multiple chains due to a bug report about a high vulnerability. Additionally, lending protocol Onyx was exploited for ~$2.1M, Unibot experienced a token approval exploit, and Avalanche Snowtrace will stop operating on November 30th due to high service costs. Circle also announced that it will no longer support consumer Circle Mint accounts.
In the midst of all these developments, it’s essential for DeFi enthusiasts to stay informed and updated. Today in DeFi Premium offers early looks at promising projects, yield farming tips, and proper research to help individuals get the most out of DeFi. By subscribing to Today in DeFi Premium, users can gain access to insights and analysis that can help them navigate the complex world of decentralized finance.
The past week has certainly been eventful for the DeFi space, with both exciting new developments and challenges. As the industry continues to evolve and grow, staying informed and knowledgeable is crucial for anyone involved in DeFi.