Today in DeFi - Coinbase L2, Synthetix V3 Live, Innovative Perp Trading, and More...

1 year ago 269

Coinbase L2

1/ Today, Coinbase is launching @BuildOnBase, an Ethereum layer 2 that will help improve scalability and usability of crypto, so we can bring economic freedom to 1B+ people.

Coniabse launched the testnet of Base, an Ethereum L2 built with the OP stack. The team does not plan to launch any token but announces the Base Ecosystem Fund to support early-stage projects building on Base.

Synthetix V3 Deployed

Synthetix ⚔️ @synthetix_io

The Road to Synthetix V3 has officially begun! Learn more 👇 blog.synthetix.io/synthetix-v3-i…

noah @noahlitvin

Synthetix V3 is on Mainnet. https://t.co/NbWNaBYKEx

Synthetix deployed V3 on Ethereum mainnet and Optimism after audits.
The current deployment does not have any markets attached to it yet, the primary function is generating a collateralized debt position as a dollar-denominated stablecoin that will be used in integrated markets.

Polygon SVM

Eclipse (@ ETHDENVER) @EclipseFND

Eclipse & @0xPolygon are launching Polygon SVM 🎉 A L2 blockchain capable of running all smart contracts and tooling compatible with Solana. dApps built for Solana can now easily migrate or go multichain to Polygon SVM techcrunch.com/2023/02/23/pol…

Rollup provider Eclipse announces Polygon SVM, a Solana-compatible L2 running on Polygon. The testnet will launch by the end of Q1, with the mainnet coming in the summer.

Audius x TikTok

Audius 🎧 @AudiusProject

Announcing 2 (!!) new great TikTok-related features on Audius, live today!

coindesk.comWeb3 Music Streaming Platform Audius Integrates TikTokAudius users can sign up for the application with their TikTok profiles and use the streaming service’s songs in their videos on the social-media platform.

Web3 music streaming platform Audius integrates TikTok, and Audius users can link their TikTok profiles and use the streaming service’s songs in their videos on the social media platform.