Today in DeFi - crvUSD Whitepaper, Ankr Supports Sui, Intro to Polynomial, and More...
crvUSD Whitepaper
Curve team releases the code and whitepaper for its stablecoin crvUSD. Curve stablecoin will be overcollateralized with crypto assets and will rely on the Lending-Liquidating AMM (LLAMMA) algorithm to manage potential collateralization risks.
Ankr Supports Sui Testnet
Web3 infrastructure protocol Ankr is now providing RPC service to Sui testnet. Using Ankr’s service, devs no longer need to run Sui nodes themselves with a gateway for instant communication with the network.
Synapse Supports Canto
Bridging protocol Synapse adds support for the Canto blockchain. Users can now bridge stablecoins into Canto from all of the connected chains in which Synapse hosts a stableswap pool.
Lodestar Live on Arbitrum
Lending protocol Lodestar is now live on Arbitrum One, supporting money markets for assets of Arbiutrm-based projects like MAGIC, DPV, plvGLP, etc.
Vertex Live on Arbitrum Testnet
Cross-margined DEX Vertex is now live on Arbitrum One testnet, allowing users to test and trade spots/perps with better capital efficiency & CEX-like execution speed.
Sandbox LAND Sale
Starting Nov. 24th, metaverse project Sandbox will launch a three-part LAND sale with big-name brands such as SnoopDogg, Paris Hilton, Playboy, etc. The sale will require users to hold a minimum value of SAND in their wallet and KYC security procedures.
veYFI Proposal
Yearn community proposes to launch veYFI (vote-escrowed YFI), mainly to replace YFI voting with veYFI voting for all future governance proposals. The proposal is also the first step in the implementation of YIP-65: Evolving YFI Tokenomics.
Intro to Polynomial
