Last Week in DeFi - Hegic v8888, Arbitrum August, and More...

Recap of Aug 8

Product Launches 🚀

• Hegic v8888
  Options project Hegic upgraded from v888 to v8888. Hegic’s new peer-to-pool options trading protocol will offers extremely competitive option pricing with zero trading & gas fee.

• Biconomy Hyphen
  Biconomy has introduced Hyphen, a high speed cross chain bridge enabling transfers between Ethereum and Polygon.

• Bowswap Live
  Yearn released Bowswap, allowing users to swap between vaults for the best yields with just one transaction.

• Gearbox Private Beta
  Gearbox is built to enable generalized leverage trading on top of other protocols without siloing user’s assets within the protocol.

• Convex Votium
  Convex will launch a voting auction protocol Votium to help users extract more value from CVX.

• BitWise Uniswap & Aave Fund
  Institutional asset management firm Bitwise launched UNI and AAVE funds as two new strategies to join the Bitwise DeFi Crypto Index Fund.

• Options LM by Andre Cronje
  Andre Cronje released the concept and prototype code of Options Liquidity Mining to solve traditional LM problems by rewarding LPs with options.

• Bribe CRV
  Andre Cronje has released bribe.crv.finance - a project which allows users to reward those who vote for the CRV gauge of their choice.

Sushiswap 🍣

Today in DeFi is sponsored by Sushiswap.

Sushiswap is a DeFi-Native DEX on Ethereum, Polygon, and Fantom, which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.

Besides its multi-chain Dex, Sushiswap also has Kashi gas-efficient lending markets for long-tail assets like UMA, Rune, or Chainlink.

Check out Sushiswap at Sushi.com, or try Kashi here.

Project Updates 🚩

• CowSwap Balancer V2 Integration
  MEV-protected DEX CowSwap integrates with Balancer v2 to provide better prices.

• Hop Instant MATIC Withdrawal
  Hop bridge now lets users withdraw MATIC from Polygon to Ethereum within 4-5 minutes instead of 7 days.

• Genie NFT Limit Orders
  NFT swap Genie, in private beta, is building limit orders for NFTs. Genie aggregates multiple NFT marketplaces for the best liquidity.

• Polygon Hermez Merge
  Polygon has announced a merger with Hermez Network to build out ZK-based scaling solutions.

Hack 👾

• Poly Network Exploit
  Cross-chain transaction project PolyNetwork got hacked for 611 million across Ethereum, Polygon, and BSC. It’s the biggest hack in DeFi history. Thankfully the money was returned.

• DAO Maker Exploit
  Crowdfunding project DAO Maker got hacked and lost ~$7m of funds.

Upcoming⏳

• Notional V2
  Fixed income protocol Notional announced its V2, which will launch in September.

• Aave Social Media Protocol
  Aave founder Stani tweeted about Aave social media protocol in response to Twitter CEO Jack’s tweet of linking Twitter accounts to BTC wallets.

• Beta Finance Soon
  Beta Finance, a permissionless money market for lending borrowing and shorting tokens, will be launching August 18th on Alpha Finance Launchpad.

Coming This Week 📅

• dHedge Trading Competition
  To celebrate its V2 launch on Polygon, dHedge has started a 1-month long trading competition with 100k in prizes.

• BitDAO Launching on MISO
  Aiming to support DeFi research and development, BitDAO will launch token sale on Sushi MISO today.

Today in DeFi Premium includes early looks at promising projects, and proprietary research to help you get the most out of DeFi.

Last week we published the following features for our Premium Subscribers:

• Intro to Fractional Art

• Intro to Arbitrum

• Project Intro - NFTX

• Vesper Farming

• Badger Boosted Farming

Subscribe today with Crypto or Credit Card.

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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.