Last Week in DeFi - Sushiswap, ThorChain, MakerDAO, UMA

Recap: Week of April 12

Last Week in DeFi, Sushiswap, Thorchain, MakerDAO and UMA all had major features launched or announced.

Development in Ethereum L2 scaling also made progress with the announcement of zkSync’s zkPorter.

Sushiswap Launched Kashi on Bento

BoringCrypto @Boring_Crypto

Aaaaand... it's live... exchange.sushi.com/#/bento ...on ETH and BSC #Kashi #BentoBox #Sushi #Sushiswap

exchange.sushi.comSushiSwap Interface

Sushiswap Dev BoringCrypto announced a mainnet launch for Kashi, a margin trading app on Sushi’s BentoBox. Kashi can be used to lend or borrow assets or trade them on leverage. Isolated pairs lets Kashi reduce risk while supporting long tail assets.

BoringCrypto @Boring_Crypto

Kashi markets slowly coming to life... these markets clearly looking for more lenders of stablecoins. Lending USDC now getting 47.46% APR (compounding) and climbing :D

Sushiswap

Today in DeFi is sponsored by Sushiswap.

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

Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.

Check out Sushiswap at Sushi.com, or try the Bentobox/Kashi beta at staging.sushi.com

THORChain Launched Multichain Chaosnet

THORChain⚡️ᚱ @THORChain

Multichain chaosnet is now live to the public, ASGARDEX is live. Congrats to the community, the future of Decentralised Exchanges is here.

medium.comTHORChain launch multichain chaosnetTHORChain contributors are pleased to announce multichain chaosnet #MCCN is live enabling cross-chain swaps between Bitcoin, Ethereum, Bitcoin Cash, Litecoin & Binance Chain networks. Liquidity can…

Thorchain chaosnet went live last week. Thorchain ASGARDEX also got released, allowing users to swap between Bitcoin, Ethereum, BCH, LTC, and BSC. Stats for the Chaosnet are available to check here.

zkSync Introduced zkPorter

zkSync @zksync

1/ The ZK vs optimistic rollups debate is about to end. zkPorter, an engine for mass crypto adoption, is coming with EVM-enabled @zksync 2.0 this August. It will reshape the entire L2 landscape. medium.com/matter-labs/zk… Key highlights:

medium.comzkPorter: a breakthrough in L2 scalingA mass migration to Layer 2 is about to take place. As protocols move from the Ethereum base layer to optimistic rollups and EVM-compatible zkRollups, many hope we’ll finally make on-chain fees…

zkSync has announced zkPorter, a new L2 scaling tech which will be part of zkSync 2.0.
Compared to zkRollups or Optimistic rollups, zkPorter promises 10x greater TPS.
In zkSync 2, zkRollups and zkPorter will operate simultaneously while being interoperable.

MakerDAO Real World Assets

Maker @MakerDAO

A new Executive Vote has been added to the voting portal: 🪙Onboard New Silver Series 2 DROP MKR holders can vote at vote.makerdao.com Read more at: blog.makerdao.com/executive-vote…

blog.makerdao.comExecutive Vote: Onboard New Silver Series 2 DROPThe Governance Facilitator(s) and the MakerDAO Smart Contracts Domain Team have placed an executive proposal into the voting system. MKR Holders should vote for this proposal if they support the following alterations to the Maker Protocol.

The Maker community approved to add New Silver DROP tokens as collateral for DAI issuance. This token represents shares in a pool of real estate assets.

This brings real world asset (RWA) to DeFi, which diversifies the collateral portfolio backing Dai with non-correlated yield-generating assets.

UMA dVIX

UMA @UMAprotocol

1/ Introducing @dvixprotocol, the Decentralized Volatility Index. The first product under development will track the volatility of ETH and is being built on UMA.

medium.comIntroducing the dVIX protocol volatility tokensVolatility Tokens on Defi

UMA announced dVIX Protocol, the DeFi version of Volatility Index in traditional equity markets.

With dVIX volatility tokens, users are able to bet on or against Ethereum’s price volatility.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

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