Gnosis’ newly launched DAO governance tool, SafeSnap, aims to allow users to execute decentralized governance decisions  without incurring expensive gas fees on-chain. Gnosis has merged its multisig wallet, Gnosis Safe, with the off-chain (and therefore gasless) DAO governance dashboard, Snapshot, to create SafeSnap as an addable module for Gnosis Safe. SafeSnap is designed to verify…

Version 3 of the 1Inch DEX Aggregation Protocol is launching with a focus on facilitating lower gas fees. 1Inch v3 has aimed to optimize its assembly code to reduce gas fees applying to swaps using Uniswap v2 and its forks. The new version is also designed to use traditional splits across several paths if those…

ETH in whales’ wallets isn’t budging while smaller holders take their tokens to DeFi. The number of wallets with 100 to 10K Ether have dropped by 7.2% since the cryptocurrency hit an all-time high four weeks ago. In contrast, the amount of wallets with over 10K ETH, valued at more than $18.4M, dropped only 0.9%…

Ethereum wallet MetaMask introduced Swaps to their mobile app yesterday. The feature allows users to trade cryptocurrencies with a single swipe.  Swaps finds prices and network fees by combining data from automated market makers, professional market makers, request for quotes (RFQs), and individual decentralized exchanges (DEXs). By acting as an aggregator, the trading system aims…

Have you ever you clicked through a captivating article headline only to be met by a paywall, looked at the subscription prices and wished, “if only I could pay for this single story,” before clicking away? We’ve all been there. In fact, you’re likely having this experience often lately as more websites turn to subscriptions…

Anchor Protocol will be targeting a 20% fixed annual yield on stablecoins—the highest fixed stablecoin rate to-date. Anchor, a newly launched low-volatility savings protocol by the Terraform Labs team, aims to achieve this 20% rate by passing borrowers’ staking rewards onto lenders, instead of charging a  borrowing rate. In other words, the borrowing cost equals…

Leverage is difficult to monitor in DeFi’s current state, but it may have found a friend in a new product called the Flexible Leverage Index (FLI). The ERC-20 token, pronounced “Fly,” created by Index Coop and DeFi Pulse, using Compound and Set Protocol, aims to help token holders manage their leveraged positions.  Managing these positions…

The NFT of an Elon Musk tweet about making a song about NFTs to sell as an NFT is selling for over $1M.  Yeah, that’s a mouthful.  To break it down, Elon Musk tweeted that he had made a song about NFTs that he would sell as an NFT.  The NFT of Elon Musk’s NFT…

Aave launched a market yesterday which will allow users to deposit liquidity provider (LP) tokens from automated market makers (AMM) and use them as collateral for borrowing. The market, called AMM Market, initially accepts deposits for 14 of Uniswap’s, and two of Balancer’s LP tokens. It has over $5M currently locked in its smart contracts…