dydx L2 Live
dydxโs starkware powered L2 is now live on mainnet, and open to the general public. Users get up to 25x leverage with cross margin support and gas free trading.
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 atย Sushi.com, or try the Bentobox/Kashi beta atย staging.sushi.com
BasketDAO Vampire Attacks Index
BasketDAO has just successfully vampire attacked DPI and launched BDPI. BDPI is BasketDAOโs version of the DeFi Pulse Index, an index fund of DeFi โBlue Chipsโ. While DPI charges users fees, BasketDAOโs BDPI actually pays its holders interest by lending out the underlying assets on lending platforms.
BDPIโs initial liquidity was gotten through a vampire attack. Users who staked DPI tokens or DPI-ETH LP tokens were rewarded with BASK governance tokens.
vBNT Burner live
Bancor has just launched its vBNT burner. 5% of swap fees will be used to burn vBNT - BNT staked into Bancor vortex. This will reduce the bnt circulating supply in relation to Bancor usage.
Charm Cube Tokens
Charm Finance, an options protocol, has launched leveraged tokens for BTC, ETH, AAVE, LINK, UNI, and YFI. Users can go 3x long or short with these tokens.
Followย @todayindefiย 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