GM Pink, "I hope you bought the dip" (h/t @cz_binance)
Here is the top important DeFi news to pay attention to this week š§ š§µ
@FlareNetworks will announce a big launch today - a capital base to power Flare's XRPFi
Keep your eyes on Flare
@jigsawdefi will go live on mainnet today.
Jigsaw is a CDP-based stablecoin protocol that introduces dynamic collateral, letting users reallocate assets without closing loans.
@ether_fi introduced DefiBank, a single app that allows users to save, earn and spend their crypto.
EtherFi's new credit card is getting positive feedback
@fuel_network is kicking off a $1M FUEL buyback program in 4 weeks
Important announcements to @pudgypenguins $PENGU holders:
- Ghost collectibles and @WhopIO campaign
- PENGU Bull SBTs
- Institutional Push & ETF
and more
@SonicLabs Sonic Summit is happening on May 6-8. Keep an eye on this event for key announcements
@Wormhole launched their MultiGov multichain governance system with Solana support
@avax DeFi ecosystem is picking up rapidly!
Learn more about $AVAX liquid staking and how to utilize it in Avax DeFi for yield opportunities.
@Rockaway_X announced a $125M venture fund, with the majority of capital marked as first priority for Solana ecosystem products
(1/9) We're thrilled to announce the close of our new $125M early-stage crypto venture fund.
The capital will be primarily allocated to:
ā¢ Solana ecosystem - we were seed investors in 2018 & back 15+ projects
ā¢ DeFi projects where we provide on-chain liquidity
ā¢ Networks powered by @RockawayX_Infra native-hardware
@0xSoulProtocol launched a testnet for cross-chain lending.
@LayerZero_Core vApp SDK Release
LayerZero unveiled a new SDK boosting throughput by 30x and reducing zk cycles by 95%, potentially improving DeFi app efficiency.
Introducing vApps: Verifiable Applications at Internet Scale
vApp is a Rust-based development framework for applications to build on crypto rails with internet-grade performance.
When implemented with a zkVM, benchmark results show consistently high performance:
ā¢ Up to 832Ć fewer cycles than EVM interpreters
ā¢ 95.7% reduction in proving cycles via precompiles
ā¢ 30Ć throughput gain with GPU acceleration
ā¢ 346MB ā 1.5MB proof compression via recursion
By @LayerZero_Core and @SuccinctLabs, the vApp framework is the optimal model for building applications that use blockchains at internet scale.
Develop like web2, with the verifiability of web3.
@0xfluid introduced Fluid DEX v2, enabling infinite composability, improved capital efficiency, and gas usage, while allowing cross-collateralization on the Fluid lending market.
Aave governance is now voting to onboard @etherealdex Ethereal Season Zero's PT-eUSDe via @pendle_fi on @aave V3 core.
@multiplierfun is launching Meme2Earn, airdropping $MINT to social engagament
@CurveCap and the @leviathan_news crew created @OpenStableIndex, a new DTF deployed on Reserve protocol
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Introducing $OPEN. Built on @Ethereum.
Watching stablecoin headlines and want a clean way in? $OPEN indexes leading stablecoin-networks advancing transparency, composability, and user-led-governance.
@Aave @SkyEcosystem @CurveFinance @Ethena_labs @FraxFinance @InverseFinance @LiquityProtocol and @ReserveProtocol
@milky_way_zone launched the first liquid staked token on @initia - milkINIT and $MILK airdrop for mPoint holders, Moolitia NFT holders
and milkINIT testers
You can check MILK your allocation now.
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