In the fast-paced world of decentralized finance (DeFi), there are always new and exciting developments to keep up with. Today, we’re taking a look at some of the latest happenings in the DeFi space, from the launch of Yearn V3 on Polygon to a hacker’s demands to take over Kyber, and much more.
Yearn V3, a much-anticipated upgrade to the popular yield aggregator, has gone live on Polygon. This update introduces Tokenized Strategies, allowing for standalone, single-strategy vaults that are ERC-4626 compatible. The rollout will be gradual, with new Vaults and strategies being added over time.
Rage Trade has also launched its V2 public beta, which aggregates GMX v1/v2 and Synthetix and offers better funding/prices and new perp strategies. On the lending front, Wildcat has gone live on the Ethereum mainnet, offering undercollateralized, on-chain credit facilities with novel interest rate and withdrawal mechanisms.
DFlow Swap, a swap aggregator, is now live on Ethereum, promising to fill swap orders at the best available prices by searching for the best prices on major CEXes and DEXes.
In a more controversial development, the hacker responsible for the $47M KyberSwap exploit has demanded full control over the company behind the project. The hacker has threatened to take further action if their demands are not met by Dec. 10.
On the governance front, Orca DAO is voting on a proposal to reallocate the protocol’s trading fees, with 87% of trading fees to be routed to LPs and 12% to the DAO treasury. Aragon has also launched its OSx and App on Arbitrum, making DAO creation and management more efficient.
In the realm of investment platforms, Republic has launched its profit-sharing digital asset, Republic Note, on Avalanche. And looking ahead, RWA lending protocol Goldfinch has approved deployment on Base L2, while Cega has launched Dual Currency, offering enhanced yields through options trading for stETH and ETH holders.
In the farming world, StakeWise has launched the first osETH farm on Balancer, and Perpetual Protocol is offering a time-limited APR boost for Hot Tub USDC deposits.
This is just a snapshot of some of the latest developments in the DeFi space, showcasing the ongoing innovation and evolution of this rapidly growing industry. With new launches, protocol upgrades, and governance decisions taking place all the time, DeFi continues to be an exciting space to watch.