PieDAO Launch Oven V2, 7 NFTX Funds Added to Sushiswap, Synthetix Optimism Migration Update
Decentralise Daily #127
📰 Decentralise Daily #127
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.
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📊 Market Highlights:
PieDAO Launches Oven V2
The community Oven allows users to pool their resources and share the high gas costs of certain operations together. PieDAO use Ovens to source all the underlying assets held in their tokenised portfolios from across decentralised exchanges.
With the Oven framework other communities can easily build their own tools to help users share high gas costs together, keeping DeFi affordable for everyone.
The latest product PLAY contains Ethereum gaming, Metaverse and NFT tokens, in collaboration with NFTX.
🥧 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.
NFTX Launch 7 New Sushiswap Liquidity Pools
NFTX has added seven new liquidity pools on Sushiswap.
NFTX’s funds allow users to easily wrap ERC-721 NFTs into ERC-20 tokens that can be traded, divided, and even used to yield farm.
NFTX’s collaboration with PieDAO PLAY is now live, one token containing 14 Ethereum gaming, metaverse, and NFT tokens.
The communities are subsidising all minting costs for the next 24 hours, with 277 ETH ready to be baked in the Oven.
Sythnetix Optimism Update
So far over 4.5M SNX ($78M) has migrated to the Optimistic L2, a scalable deployment of the protocol that maintains the security of the ETH main chain, but with fast and cheap transactions.
The migration is currently in the second of five stages, deploying synth exchanges and integrating Chainlink oracle support.
Previous Newsletter:
Uniswap V3, PieDAO and NFTX Launch PLAY, Synthetix Serpentine.
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