📰 Decentralise Daily #126
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:
Uniswap V3 Announced
The highly anticipated V3 is set to launch May 5.
The ground-breaking feature is Concentrated Liquidity, allowing LPs to choose a set price range to supply liquidity too rather than the entire spectrum.
With multiple positions LPs can form an orderbook-like ecosystem and much much more.
The design is set to earn LPs as much as 4000x.
Flexible fee tiers, advanced oracles, and the fully scalable L2 with Optimism are set to follow shortly afterwards.
PieDAO and NFTX Launch PLAY
Containing fourteen underlying assets, PLAY gives broad exposure to the emerging Ethereum gaming, NFT, and Metaverse ecosystems.
Play is a PieVault, benefiting from a more secure architecture than AMM indices, as well as the ability to meta-govern and use the underlying assets productively.
NFTX’s CryptoPunk and Hashmask funds are included, alongside SOCKS, AXS, and much more.
🥧 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.
Synthetix Serpentine Release
The update to the Synthetix’s zero-slippage exchange Kwenta allows users to easily short. It’s also now possible to buy and burn sUSD through 1INCH in one transaction when covering debt positions.
The update also integrates the Spartan Council governance, showing the sitting members and recent proposals.
🗞️ Previous Newsletter
MakerDAO Debt Ceiling, Curve Swaps, ETHGlobal NFT Hackathon
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