📰 Decentralise Daily #137
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:
Hop Protocol
With Hop users can transfer from the Polygon sidechain back to Ethereum in just over a minute, a process that usually takes up to three hours.
Support for the Ethereum to Polygon direction is expected soon.
Polygon is a sidechain that lets users access DeFi apps without expensive gas costs.
Full layer two solutions Optimism and Arbitrum are expected shortly (which inherit security from the Ethereum mainchain).
🥧 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.
Gitcoin Launch $SACKS
Following the recent GTC airdrop and launch of the Gitcoin DAO, a limited NFT has now been released.
There will only be 250 $SACKS available, claimable for a physical item in a similar to Uniswap’s $SOCKS.
$SOCKS are now worth $58k.
Burgerswap Hacked
The latest in a string of Binance Smart Chain hacks, Burgerswap was exploited.
$7.2M was lost due to a flash loan attack that allegedly could have been prevented.
🗞️ Previous Newsletter
Polygon SDK, DeFi Saver Recipes, Wild Credit Exploit
Decentralise is sponsored by PieDAO.
Join the PieDAO community.