Today in DeFi - LemmaSwap V2 Live, USDV Depeg, Intro to BendDAO, and More...

Nov 17, 2022

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LemmaSwap V2 Live on Optimism

The team at Lemma is extremely proud to announce our v2 protocol: LemmaSwap. It is a completely new protocol for swapping spot assets using perpetual futures liquidity.

5:04 PM · Nov 16, 2022

16 Reposts · 74 Likes

Lemma launches a new swap protocol on Optimism. LemmaSwap allows traders to execute spot swaps using Perpetual Protocol’s liquidity and allows LPs to earn yield from spot trading fees and funding rate PnL.

USDV Depeg

Tauseef Ahmed 💙@stauseefahmed

🚨 BREAKING 🚨 #USDV, stable coin of Velas Blockchain just went to $0🔻 Someone dumped $65 million $USDV in the USDV/BUSD pool. 😲

3:13 PM · Nov 16, 2022

4 Reposts · 8 Likes

USDV, the stablecoin on the Velas chain, lost over 99% of its value after a 10B token dump on the Velas-based DEX WagyuSwap.

Aave Live on Aztec

Aztec@aztecnetwork

Aave is live on Aztec. The leading open source protocol for non-custodial liquidity markets, now with full privacy and 12x lower gas fees than L1:

2:00 PM · Nov 15, 2022

94 Reposts · 450 Likes

Aave went live on Aztec, allowing users to deposit funds using Aztec Connect as a proxy, getting both cost savings and enhanced privacy.
For example, users can deposit their private, shielded ETH/DAI into Aave with 12x lower gas fees than a normal Layer 1 transaction.

Trader Joe Liquidity Book Live

Trader Joe🔺 | New AMM 🌊📘@traderjoe_xyz

Trader Joe presents: Liquidity Book 🌊📘 📘 Provide Liquidity on the most efficient AMM in Web3 🌊 Enhance your profitability with Surge Pricing 🗑️ Execute your Trading with zero slippage 🎨 And check out the new UI! Now LIVE! 🚀

4:00 PM · Nov 16, 2022

23.8K Reposts · 24.5K Likes

Trader Joe launches Liquidity Book (phase 1), bringing users new mechanisms such as Surge Pricing, impermanent loss mitigation, zero slippage trading, and a composable bin architecture.