Last Week in DeFi - Uniswap NFT Aggregator, LINK Staking Coming, Aave Froze V2 Markets, and More...

Dec 05, 2022

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Product Launches 🚀

Uniswap NFT Aggregator
Uniswap launches its NFT aggregator, allowing users to search, trade, and discover trends on NFTs.
Pendle V2 Live
Pendle launches V2, bringing a new AMM design and structural improvements in capital efficiency, LP risk, and fee accrual.
BracketX Live on Arbitrum
Structured product protocol BracketX is live on Arbitrum. BracketX is one of Bracket Protocol’s products, providing LONG and SHORT leverage for DeFi users as a standalone application.
AdaSwap Live on Cardano
Cardano-based DEX Adaswap is now live, enabling trading & bridging for Cardano tokens and NFTs.
Kujira BOW Live
Cosmos-based L1 Kujira launches BOW, a new AMM for Kujira’s Fin DEX. BOW narrows price spreads to attract traders, and fees to incentivize deep order books.
AtomicDEX Live
Open-source dev firm Komodo has launched AtomicDEX Web, a wallet, cross-chain bridge, and DEX that can be accessed through any web browser, supporting 60+ blockchains and 550+ crypto assets.
Credo Testnet Live
Built on top of LayerZero, cross-chain lending protocol Cedro launches its testnet with incentives.

LINK Staking Update
Chainlink is launching staking v0.1 on Dec. 6th. Stakers will be locking their funds til the planned launch of v0.2 (in 9-12 months) when the funds can be unlocked or migrated.
Polygon x The Graph, Flipkart
Indexing and query protocol The Graph will support Polygon, allowing devs to utilize The Graph APIs to build dApps on Polygon.
Polygon also partners with Flipkart to focus on research and development for e-commerce in Web3 and the metaverse.
Sushi AMM on BTTC
Sushi launches AMM on BitTorrent Chain, an L2 with interoperability between Ethereum, BnB Chian, and TRON.
Solana TDS22 Program
Solana Foundation adds performance-based incentives for eligible validators to run their testnet node in a selection of data center locations around the world.
IC Integrates Bitcoin Network
Dfinity foundation integrates Bitcoin Network with its Interchain Computer blockchain. IC now serves as an L2 for Bitcoin where smart contracts on the Internet Computer can hold, send and receive Bitcoin natively.
BitDAO Mantle L2
BitDAO unveils Mantle, a modular Ethereum L2 network that promises to bring robust decentralized data layers with high security using re-staking mechanisms.
BnB NFTs on OpenSea
OpenSea now supports BnB NFT collections.

Aave Froze V2 Markets
Aave governance has temporarily frozen 17 lending markets on V2 to fend off further liquidity attacks. Paused markets include YFI, CRV, ZRX, MANA, 1INCH, MKR, etc.
Fantom Gas Optimization
Fantom governance proposed a gas monetization program to reduce gas fees burned from 20% to 5% and allocate the 15% to talented builders and to support Fantom’s network infrastructure.
Maker DSR Increment
Maker governance has finalized the poll to increase DSR from 0.01% to 1%. Maker’s investments are across a few TradFi strategies including Coinbase Institutional Rewards, Monetalis Clydesdale, and Gemini GUSD partnership.
Maker Spending Cuts
Maker governance recently closed a bunch of polls on investments and budgeting. Rejected polls include a $500m investment in corporate bonds, a $100m investment in $OUSD, and an increase on the surplus buffer upper limit to 1B DAI. Core Unit budget changes were also polled including reducing the UX development budget and not renewing the immunifi security budget
Other approved polls include a $225m future purchase of mortgage-backed securities and a $225m acquisition of UK/EU-focused ETF.

Ankr aBNB Exploit
The attacker deployed a malicious contract using Ankr’s compromised key. The contract allowed him to mint a large amount of aBNBc, Ankr’s reward-bearing staked BNB and profited ~$7m by dumping what he minted.
Ankr has paused trading of aBNB tokens and will airdrop new ankrBNB to replace the old tokens. Affected LPs will be compensated with Ankr’s reserve.
BlockFi Filed Bankruptcy
Centralized crypto lender BlockFi filed for bankruptcy protection, after suspending withdrawals amid the ongoing fallout from FTX's bankruptcy.

Phantom to Support Ethereum, Polygon
Solana-based wallet Phantom will launch beta and public access for storing/transferring tokens and NFTs on Ethereum and Polygon.
Ren Proposes Mint Tokens for 2.0
Ren community proposes to mint 125M tokens (+12.5% supply) to fund Ren 2.0 development is obv inflationary and dampens hopes of a Binance rescue.
Curve to Launch BTC Basepool
Curve governance is voting to launch a new wBTC-sBTC base pool after Ren announced the sunsetting of 1.0.

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