Today in DeFi - Element Live, Vesper VUSD Beta, and More...

Element Mainnet Live

Element Finance @element_fi

Element is LIVE on Ethereum Mainnet!🚀 🌟Check it out→ element.fi Read everything you need to know👇 medium.com/element-financ…

medium.comElement is Live on Ethereum Mainnet!After nearly a year of research and development and a successful testnet launch, we are beyond thrilled to announce that Element has been deployed to Ethereum mainnet and is now live! We will…

Element is a fixed-rate AMM that separates yield and principal into two tokens, allowing users to earn interest on their principal without locking it up.
Initially, users can save and earn using crvLUSD. Element will support more assets and term lengths in the future depending on demand and liquidity.

Sushiswap

Today in DeFi is sponsored by Sushiswap.

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

Besides its multi-chain Dex, Sushiswap also has Kashi gas-efficient lending markets for long-tail assets like UMA, Rune, or Chainlink.

Check out Sushiswap at Sushi.com, or try Kashi here.

Vesper VUSD Beta

Vesper Finance @VesperFi

💲👀 -- More emerges about VUSD -- a DeFi-native #stablecoin design. - Currently in "quiet beta" - Initial liquidity via @BalancerLabs, @Uniswap, @SushiSwap, and @CurveFinance; avail. via @1inchNetwork and @matchaxyz DEXes - Read on for draft whitepaper, webapp, etc. #DeFi 👇

Ser Jeff Garzik @jgarzik

A VUSD status update #thread. What the heck is VUSD? Read on.

Vesper introduced VUSD, a stablecoin pegged to the US Dollar, backed by over-collateralized, interest-generating collateral tokens.

VUSD beta is now live on mainnet, and users can mint VUSD at https://app.vdollar.finance.

Hermez Mobile Wallet

Hermez Network @hermez_network

📱 The Hermez Mobile wallet is now live For iOS and Android! Read all about this important release here 👇 blog.hermez.io/hermez-mobile-… #Hermez #Ethereum

blog.hermez.ioThe Hermez Mobile Wallet Is Now Live For iOS And AndroidWe are incredibly excited to announce a major release today. Our mobile app is now available for iOS (on App Store [https://bit.ly/hermez-ios-wallet]) and Android (on Google Play [https://bit.ly/hermez-android-wallet…

zkRollup payment scaling solution Hermez launched their wallet on iOS and Android. It lets mobile users easily transfer tokens on layer 2.

Lyra Optimism Testnet

Lyra @lyrafinance

Lyra is now live on the Optimism Kovan Network, the Layer 2 scalability solution from the @optimismPBC team!

blog.lyra.financeLyra TestnetLyra is excited to announce that we have deployed to OΞ testnet and invite you to come and check out our trading dApp.

Options AMM protocol Lyra launched on Optimism Kovan, and there will be a trading competition starting on testnet in about two weeks.

Subscriptions are Coming

It’s a joy to produce Today in DeFi, but it also takes serious time and effort, so we’re turning this into a paid newsletter soon.

Besides news, our team actually does in depth research of the industry, including analysis of both established projects and up-and-comers. Moving to a paid model will incentivize us to share more of this research with you guys.

We’re aware that the market is currently uncertain. While we think the newsletter will help you survive the chop, there will also be some discounts for early subscribers. Stay tuned.

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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.