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Last week saw Abracadabra, Opyn, Lyra, Vesper, Element and Compound all launching new products.
Meanwhile, zkRollups project Aztec launched renBTC, Lyra launched on testnet, and Vesper launched VUSD. Compound Finance also launched Treasury.
Ethereum sidechain Polygon also saw lots of action as Balancer and Tornado Cash launched there as well. Certik started monitoring Security on Polygon, and Binance now supports Polygon Deposits
Lastly, some upcoming updates: Aave will launch Aave Pro in July, 1inch is launching a new stablecoin One1Inch, Perpetual V2 is coming, Coinbase is launching a USDC saving product, and Exponent will launch a quant trading platform for pro-traders.
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Product Launches 🚀
Abracadabra Leveraged Yielding Positions
Leverage yield positions and flash loan repayments are now available for Abracadabra users to leverage positions using interest-bearing tokens.
Opyn Partial Collateralization
Opyn launched partial collateralization on Ethereum mainnet, which greatly improves capital efficiency and leverage.
Lyra on Optimism Testnet
Options AMM protocol Lyra launched on Optimism Kovan.
Vesper VUSD Beta
Vesper introduced VUSD, a stablecoin pegged to the US Dollar, backed by over-collateralized, interest-generating collateral tokens.
Element Live
Fixed-rate AMM Element is live. Element separates yield and principal into two tokens, allowing users to earn interest on their principal without locking it up.
Compound Treasury
Compound launched Treasury to give institutions access to DeFi and offers 4% APR on USDC.
Project Updates 🚩
Ren Aztec zkrenBTC
Aztec partners with Ren and adds zkrenBTC to its L2 private transaction app zk.money.
Balancer on Polygon
Balancer expands to Polygon to bring users faster transactions and lower gas.
Certik on Polygon
Certik launched Skynet on Polygon. Users can now check the security ranking of Polygon projects on Certik’s leaderboard.
Tornado on Polygon
Tornado Cash now supports private transactions on Ethereum, BSC, and Polygon.
Rari xSushi Pool
Rari adds xSushi pool to its open interest lending platform Fuse, allowing users to lend, borrow, and earn interest on Sushi assets.
Binance Polygon Deposit
Binance enabled Polygon deposits.
Upcoming⏳
Aave Pro Coming in July
Aave and Fireblocks are launching Aave Pro, the first permissioned liquidity protocol for KYC’d entities. Initially, the pool will consist of four assets: BTC, ETH, USDC, and AAVE.
One1Inch Stablecoin
1Inch is working with Ichi to offer a native stablecoin. The one1inch stablecoin will be minted with a mixture of 1Inch and USDC.
Perpetual V2 - Curie
Perpetual has announced V2. Curie will launch on the upcoming Arbitrum L2 solutions and offer permissionless markets, concentrated liquidity, cross-margin trading, and limit orders.
Saving USDC on Coinbase
Coinbase is launching a saving product that earns users 4% APY upon USDC deposits.
Exponent.ai
Exponent.ai announced the first quant trading platform for DeFi, allowing professional traders to explore on-chain opportunities without having to expose their strategies.
Follow @todayindefi to keep up with the latest DeFi news on Twitter.
Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.
