Protocol Upgrade
DeFi News
Aave V3 is About to Pass in Governance Vote
All signs point towards lending giant Aave getting a V3 soon. Voting is now live on Snapshot, with well over 99.9% of the votes supporting the protocol releasing its next iteration.
DeFi News
Fei Protocol is Still Swinging After Rocky Start and Launches v2
Fei Protocol is fighting to make a comeback. Back in April, the project’s stablecoin, meant to maintain a $1 peg, dropped as low as $0.92 after raising 639,000 ETH, worth $1.3B, in its highly anticipated launch. The Andreessen Horowitz-backed project is still swinging however, and has just launched a v2 with a few key changes.…
Byte
Sushi Introduces Miso Token Launchpad
The Sushi community voted and the protocol listened and is now introducing a token launchpad. The launchpad, called MISO, which stands for “Minimal Initial SushiSwap Offering,” is the latest product to arise from the community governance protocol that was built around the Ethereum-based decentralized exchange SushiSwap. It will be launched on May 20. The project…
DeFi News
Uniswap Spearheaded the First AMM Era; its V3 May Usher in a New One
Uniswap launched its third and most comprehensive update yet. This new version of DeFi’s largest decentralized exchange by traded volume has the potential to usher in a new era for automated token swaps. The most notable change is that with Uniswap V3 decentralized trading becomes more capital efficient as liquidity providers can now set price…
Byte
Algo Stablecoin Basis Cash Attempts Turnaround With V2
Basis Cash V2 is launching with the aim of “redesign[ing] from the ground up after a deep analysis of the shortcomings of V1.” The upgrade includes dynamic liquidity incentives instead of the static liquidity rewards from V1, consistent staking rewards to incentivize holders of the Basis Shares (BAS) governance token, and utility for the Basis…
Byte
Balancer V2 is Now Live Along With $2M Bug Bounty
Balancer Protocol’s updated smart contracts, which allow for users to further customize token pools, are now public and open source. The project is offering a 1k ETH bug bounty to spot vulnerabilities in the code. Balancer’s new architecture is based on a single vault that holds and manages tokens, giving Balancer V2 flexibility to support…
DeFi News
Uniswap V3 Drop Features L2 Move and 4,000x Gain in Capital Efficiency
Uniswap has mapped out what is perhaps the most anticipated DeFi product launch of the year with its post introducing its version three (V3) iteration. The team confirmed what many hoped: following a targeted May 5th launch, a deployment to Optimism’s Layer 2 scaling solutionis “set to follow shortly after.” As Uniswap trades currently cost…
Byte
Balancer Unveils Generalized AMM in Upgrade
Balancer unveiled its V2 protocol upgrade, offering a generalized AMM solution for DeFi liquidity. Balancer allows users to create token pools with flexible constituents, weights and trading fees. With V2, Balancer will aggregate all its liquidity in one vault, while users will maintain an internal balance of the tokens they hold. The change is meant…
Byte
Kyber Overhauled its Protocol and Token Holders Love It
Kyber Network just overhauled its protocol and token holders are loving it. Kyber’s KNC jumped 25% on Thursday after the announcement to the highest since 2018, compared with ETH’s 10% increase. Over the weekend KNC retraced some of the gains and has been hovering between $1.3 and $1.45. The upgraded Kyber 3.0 will be transitioned…
DeFi News
Aave Aims for a Seamless DeFi With Flash Loan-Driven V2
Aave’s Aims for a Seamless DeFi With Flash Loan-Driven V2 Aave, the third-largest DeFi lending protocol by assets, today unveiled its V2 revamp, where it leverages flash loans to make DeFi more seamless and composable. Aave’s V2 includes several enhancements of its lending products, many of which are powered by flash loans. Flash loans don’t…