Last Week in DeFi - GameStop NFT Marketplace Live, Google Cloud x Solana, Meta Instagram NFTs Coming, and More...

1 year ago 251

Product Launches 🚀

GameStop NFT Marketplace Live
Leading video game retailer GameStop launches its NFT marketplace on ImmutableX.

Gearbox V2 Live
Generalized leverage protocol Greabox launches V2, making leverage trading more efficient and secure. Along with the upgrade, the two LMs (passive LP LM & CA LM) are also live for farmers.

Jito Live on Solana
Jito, a liquid staking protocol that earns stakers rewards through MEV, is now live on Solana and allows users to mint JitoSOL using SOL.

Zeta Markets Perp Trading
Solana-based derivatives protocol Zeta launches perp trading with isolated margin accounts per asset & 10x leverage.

Drift V2 Gated Launch
Solana-based perpetual protocol Drift launches V2 to alpha testers, bringing deeper liquidity and improvements in market-making & collateralization.

Stride stOSMO
Cosmos liquid staking protocol Stride deploys the backend of stOSMO, and will soon launch the frontend for users to mint and stake OSMO.

Y2K Live on Arbitrum
Y2K, a derivatives project focused on pegged assets, is now live on Arbitrum. Users can deposit assets into the Hedge/Risk vault to hedge de-pegging events or to earn a premium for covering potential risks.

BobaBNB L2
Multichain L2 network Boba integrated with BnB Chain and launched BobaBNB L2. A bunch of defi projects including Sushiswap will be deployed on BobaBNB soon.

MOOAR NFT Marketplace
Find Satoshi Labs, the builder company of STEPN, launches the MOOAR NFT marketplace on Solana and Ethereum. MOOAR charges users zero service fees, and adopts a royalty policy of 0.5 -10% with a 2% default when creators mint a collection.

Project Updates 🚩

Google Cloud x Solana
Google Cloud is running a node to validate the Solana network and will enable node hosting service by bringing Blockchain Node Engine to Solana next year.

FTX Ventures Bets on Lens
FTX Ventures is reportedly to invest in Lens, the social media protocol built by Aave.

PancakeSwap Live on Aptos
PancakeSwap has enabled trading for a few USDC pairs on Aptos and will launch incentivized farms soon.

Furucombo Live on L2s
DeFi aggregator and automation platform Furucombo expands to Arbitrum and Optimism.

Avalanche NFTs on Shopify
Avalanche and Venly partner up to enable Shopify users to shop NFTs.

Inverse FiRM Whitepaper
Inverse Finance revealed FiRM and $DBR, a new mechanism of Fixed Rate Borrowing. $DBR is a tokenized form of interest rate, users can buy $DBR during a low-interest rate environment either to bet on or hedge against higher interest rates in the future or secure their access to loans when needed.

Governance Highlights 📝

ApeCoin Approved Bug Bounty
The ApeCoin DAO has approved a $4.4m bug bounty program. The program is expected to go live aiming to identify security issues in ApeCoin’s upcoming staking system. The staking system is expected to go live in early December.

MakerDAO Polling to Onboard Compound D3M
MakerDAO is polling to onboard parameters to activate Compound D3M. If passed and approved, a $160m DAI Debt Ceiling and a 2% Target Borrow Rate will be deployed, bringing ~$1.8m DAI in annual revenue to Maker.

Upcoming ⏳

Meta NFTs Mint & Sell
Meta announces it will enable mint & sell NFTs on Instagram. The first chain to support is Polygon, with NFT collections stored on Arweave.

MetaMask in Games
MetaMask will be injected into games supported by the partner stores. Players can carry their wallets, tokens, NFTs, and achievements into every game with web3 capabilities.

Aera Launching on Polygon
Treasury management protocol Aera has announced the launch of treasury optimizing vaults for DAOs on Polygon. Aera aims to enable projects to manage their token reserves in a more efficient manner.

Chainlink Low-Latency Oracle
Chainlink introduces a new oracle solution for derivatives markets that will reduce latency, prevent front-running, and lower gas costs.

Bluejay to Launch Stablecoins
Bluejay is launching a platform for issuing stablecoins pegged to Asia currencies.

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