Today in DeFi - dydx L2 Live, BasketDAO Vampire Attacks Index, and more

dydx L2 Live

dYdX @dydxprotocol

It's finally time. Our Layer 2 cross-margined Perpetuals are available to the public on mainnet Ethereum, powered by @StarkWareLtd and settled in $USDC. Read the announcement, and start trading here ↓

dydx.exchangeTrade now on Layer 2After testing & improving our Layer 2 system with our community over the last few weeks, it is now live in production featuring zero gas costs, lower trading fees & small minimum trade sizes.

dydx’s 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 at Sushi.com, or try the Bentobox/Kashi beta at staging.sushi.com

BasketDAO Vampire Attacks Index Coop

BasketDAO @BasketDAOOrg

1/ One hour till The Great Migration: Apr 5th 4:30 UTC - Everything is tested and ready to go, gas covered - All migrating stakers will receive airdrop - All stakers will continue to earn $BASK after the migration. No pre-migration claiming necessary

basketdao.medium.comBDPI Launch — The Great DPI MigrationAs of Saturday, 3 April 2021 UTC+0 22:00:00, we have amassed ~32.2mil in the form of DPI and UNIV2-DPI-ETH, giving us the second spot in Defi Llama’s index category. During the DPI migration, we will…

BasketDAO has just successfully vampire attacked DPI and launched BDPI. BDPI is BasketDAO’s version of the DeFi Pulse Index, an index fund of DeFi “Blue Chips”. While DPI charges users fees, BasketDAO’s BDPI actually pays its holders interest by lending out the underlying assets on lending platforms.

BDPI’s initial liquidity was gotten through a vampire attack. Users who staked DPI tokens or DPI-ETH LP tokens were rewarded with BASK governance tokens.

As of now BasketDAO is 3rd in the Index category at defillama and has ~$42M TVL.

Gnosis Auction Launches

Gnosis Auction @GnosisAuction

Announcing Gnosis Auction Launch Gnosis Auction is the new platform for fair, transparent, and decentralized token price discovery on Ethereum.

blog.gnosis.pmAnnouncing Gnosis Auction LaunchGnosis Auction is a platform for conducting fair, transparent, and decentralized batch auctions to enable token price discovery for any Ethereum project. You can bid on auctions at…

Inspired by Gnosis Mesa, Gnosis has launched Gnosis Auctions, a platform for launching decentralized batch auctions, e.g. for IDOs. Compared to traditional IDO platforms like Uniswap, it aims to provide better price discovery.

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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