Today in DeFi - Gasless trading for Sushi, Gitcoin Releases Token, and More...
Gasless Trading on Sushiswap
Manifold Finance introduced YCabal as an aggregation layer for helping scale layer one transactions. YCabal uses a mix of MEV and smart contract techniques to refund eligible transactions on Sushiswap.
Manifold will later launch a governance token on Sushi MISO and do a beta rollout on Sushi in mid-June.
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
Gitcoin Governance Token
Gitcoin launched GTC after the announcement of going decentralized.
There will be 100m GTC tokens in total supply, with the distribution of 15% to airdrop, 50% to the DAO, and 35% to stakeholders.
USDC on Arbitrum
USDC seems like it will support Arbitrum. Arbitrum mainnet will be live on May 28 for developers.
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.