📰 Decentralise Daily #129
Decentralise is the daily DeFi newsletter breaking down the latest news and developments.
DeFi (Decentralised Finance) is a revolutionary movement built on Ethereum providing open financial tools for a global audience.
The space moves at lightning pace, so subscribe to get the latest news and market highlights direct to your inbox.
📊 Market Highlights:
Dharma Wallet Integrates Fiat Deposits
Dharma wallet now supports both fiat deposits and withdrawals, available 24/7/365.
Users can add up to $25k weekly and immediately deploy the capital to earn yield across a wide range of DeFi protocols. DharmaOS will allow any DeFi protocol to be integrated, and more are expected to be supported in the near future.
🥧 PieDAO
Decentralise is sponsored by PieDAO, the community governing tokenised indices.
PieVaults are an industry first, diversified yield aggregators capable of multiple farming strategies.
PieDAO just migrated their large cap index DeFi+L to a PieVault architecture, unlocking native staking and lending across Aave, Cream and Compound.
Solos
Solos are a new NFT project using the minter’s address to generate unique pieces from thousands of slices of the artists work, taking the tradition of Surrealist Automatism a step further with blockchain technology.
The project is formed by painter Jeremiah Palecek and creative technologist Dennison Bertram, and a DAO (decentralised Autonomous Organisation) is forming from users who mint the work. 40 SOLOS tokens can be claimed for each minted piece, which will be used for voting in the organisation.
There are 20,000 pieces available with the sale following a bonding curve, where the price to mint rises over time.
Arbitrum Explained
Abritrum is a Layer 2 scaling solution for Ethereum, a crucial technology that will allow the network to support global usage while keeping transaction costs affordable for everyone.
L2 networks remain secure using the main Ethereum chain’s security, but allow for storage off-chain.
Arbitrum uses an optimistic design, allowing full composability with the Ethereum Virtual Machine, allowing DeFi protocols to easily deploy on the L2.
Arbitrum’s updated documents outline exactly how the technology works, including optimistic rollups (the means by which the L1 and L2 remain synchronised).
🗞️ Previous Newsletter
Decentralise is sponsored by PieDAO.
Join the PieDAO community.