This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg – sending Terra’s native LUNA token into a “death spiral”. Kick-started by an apparent attack on the system, a significant de-pegging of UST to the dollar resulted in a rush to the exits by token … Read more

dYdX DeFi Exchange Accelerates on Path to Full Decentralization

There are very few truly decentralized exchanges (DEX) or crypto platforms around at the moment, but one aiming to claim that accolade is the dYdX derivatives exchange. Sponsored Sponsored Not many of today’s DeFi protocols are truly decentralized in all senses of the concept. The world’s leading DEX, Uniswap, for example, has its governance controlled … Read more

dYdX Unlocks Governance Token

DeFi derivatives platform dYdX is unlocking allocations on its DYDX governance token for users today, allowing those who received the initial airdrop to withdraw and trade their allotted tokens. The Initial Transfer Restriction period for $DYDX will be lifted tomorrow on Sep. 8, 2021 at ~15:00 UTC 🎉👀. All earned rewards can be claimed and … Read more

This Week in DeFi – August 6

To the DeFi community, This week, dYdX introduced the dYdX Foundation, designed to support and grow the dYdX L2 protocol, including funding research and conduct business on behalf of the protocol, on the path to full decentralization.  To that end, the dYdX token was also announced this week, a governance token that enables rewards and … Read more

This Week in DeFi – June 18

To the DeFi community, This week, Gelato Network launched the G-UNI Uniswap LP token, one of the first projects designed to take advantage of the advanced rebalancing and price range specification capabilities introduced in Uniswap V3. G-UNI also automatically reinvests LP fee earnings, increasing capital efficiency and overall returns even further. 1) With the launch … Read more