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Home»News»DeFi»Recent Developments in the DeFi Space: Phantom Wallet’s Cross-Chain Swaps, Blast L2 Early Access, Range CAKE Bonus, Dydx Insurance Fund Exploited for 9M, and More
DeFi

Recent Developments in the DeFi Space: Phantom Wallet’s Cross-Chain Swaps, Blast L2 Early Access, Range CAKE Bonus, Dydx Insurance Fund Exploited for 9M, and More

Goto HostBy Goto HostNovember 21, 2023No Comments5 Mins Read
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Write an article about Last Week in DeFi – Phantom Wallet Cross-Chain Swaps, Blast L2 Early Access, Range CAKE Bonus, Dydx Insurance Fund Exploited for 9M, and More… based on the information contained in Phantom Cross-Chain SwapperPhantom launches the Cross-Chain Swapper, allowing users to bridge tokens across Ethereum and Solana.Dopex V2 LiveDopex launches V2 with CLAMM officially available with Yield boosting & optimization for v3 LPs, and American-style options for traders.1inch Portfolio Tracking1inch launches a new portfolio tracking feature, allowing users to manage multiple wallets across networks from one place.LayerZero Launches USDVLayerZero launches USDV, an omnichain stablecoin backed by short-term treasuries. USDV is powered by ColorTrace, a token coloring algo that allows miters to mark USDV in their color, gaining the right to claim the rewards from their contributions to the USDV.Kamino Launches V2Solana-based lending Kamino launches v2 with a new UI, upgraded risk management, and new defi tools.Armada V2 on SolanaSolana-based Armada launches V2 SPL Token Staking and DeMUX. SPL is a governance plugin that allows token holders to vote on DAO proposals while staking their tokens to receive rewards. DeMUX allows for semi-automated protocol reward distribution.Parcl V3 on SolanaSolana-based real estate trading protocol Parcl launches V3, enabling a perps dex with Cross-margined accounts, unified LP Pool, and enhanced LP protections.Perpetual Earn DashboardPerpetual launches a one-stop dashboard for all its Earn products, allowing users to monitor their strategies.IntentX Perp Dex on BaseIntentX launches an intent-based perp dex with over 180 perpetual markets on Base L2, providing a CEX-like trading experience.Nocturne Privacy LivePrivacy protocol Nocturne has deployed its v1 on the Ethereum mainnet, introducing the concept of on-chain private accounts to Ethereum.Ondo RWA Bridge LiveOndo partners with Axelar to launch a bridge for Ondo RWA tokens, initially supporting bridging of native USDY between Ethereum and Mantle L2.zkLink Nexus L3ZK infrastructure developer zkLink introduces zkLing Nexus, a layer-3 network that connects multiple popular Ethereum rollups, including zkSync, StarkNet, and Polygon zkEVM.Blast L2 Early AccessBacked by Paradigm and StandardCrypto, Blast is an L2 that “natively participates in ETH staking, and the staking yield is passed back to the L2’s users and dapps.” Blast is live in invite-only modeAave Rebrands to AvaraAave announces the Avara brand, serving as a new identity and the parent entity of brands that include Aave, Lens, GHO, etc. Aave also announces an acquisition of the team behind Family Wallet.Lens V2 on PolygonLens launched V2 on Polygon and introduced the embedded Smart Posts feature for content monetization.Morpho AdaptiveCurveIRMMorpho introduces AdaptiveCurveIRM, a new immutable interest rate model for the upcoming Morpho Blue. “In Morpho Blue, the interest borrowers pay is defined by an Interest Rate Model chosen at market creation among a governance-approved set.”Clearpool New Staking ModelClearpool introduces a new staking model with gCPOOL. The new model fuels demand for the CPOOL token and allows large institutions to enter the Clearpool ecosystem.JPMorgan Tokenizing Assets with AvalancheJP Morgan’s Onyx collaborates with Avalanche for tokenizing assets. The collaboration highlights the use of an Avalanche subnet for connecting portfolios to WisdomTree’s tokenized assets.Ankr Rollup as a ServiceAnkr launches Rollup as a Service in partnership With Optimism, allowing businesses and devs to customize and deploy dedicated OP Chains.Range CAKE BonusRange protocol partners with PancakeSwap to become its first Ethereum Position Manager. PancakeSwap vaults on Range will get an extra 2250 CAKE in rewards for 2 weeks.Linea Deploys Voyage XP ContractLinea deploys the contract for voyage XP. Users can now connect their wallets and bind multiple wallets on the Linea website to accumulate XP on a primary wallet.Jupiter Airdrop ConfirmedJupiter confirms airdrop details – 10B Total Supply, Snapshot Taken – Wallet Who Interacted Before 2 Nov, 955K Wallets Eligible, 1st-phase airdrop supply is 1B (10%)Ether.fi Live for the PublicEther.fi opens access to the public. Anyone can now stake ETH and mint eETH to earn staking rewards, Ether.fi points, and Eigen Layer points.GMX V2 Incentives LiveGMX has enabled trading ARB incentives for all V2 markets with the aim to bring trading fees lower to 0.02% on average.Dydx v3 Insurance Fund Lost $9MdYdX v3 insurance fund lost $9 million, representing around 40% of its total, following liquidations in the Yearn Finance (YFI) market.Woo X Pauses TradingKronos Research, Woo X primary LP, recently experienced a hack that caused them to pause all trading on WOO X. Kronos’ estimated loss is at ~$25 million.Trader Joe Potential ExploitTrader Joe identified a potential exploit in a 3rd party code used by its frontend. The team has fixed the issue and the frontend has been restored.Butter Finance CanceledButter Fnance announces cancelation of the project as “contributors found the proposed veCAKE system & incentives model to be impractical for a path forward for Butter.”OP Canyon UpgradeOptimism governance proposes the Canyon network upgrade, the first network upgrade following the Bedrock upgrade.Today in DeFi Premium includes early looks at promising projects, yield farming tips, and proper research to help you get the most out of DeFi.For example, last week we published the following features for our Premium Subscribers:LPing Made SimpleEarn with Idle NFTsBest Project Picksand more…If you haven’t, subscribe today with Credit Card or Crypto (get discounts on quarterly or yearly subscriptions). without ever mentioning the original author

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