Today in DeFi - Magpie Bridge Live, Dopex Option Scalps V2, Automated LPing, and more...

Magpie Bridge Live

Magpie, a non-custodial cross-chain swap, goes live and supports transfers between seven chains. Magpie uses Wormhole's Guardian Network to communicate asset swap signals between blockchains, in order to offer secure, efficient bridging.

Dopex Option Scalps V2

Dopex launches Option Scalps V2. Traders can now access short-term (1 min - 4h) trading strategy with up to 110x leverage. LPs can benefit from single staking yields while scaling through short-term volume.

EDX Markets Live

EDX, a crypto exchange backed by Citadel, Fidelity, Charles Schwab, etc., went live on Tuesday. EDX is a non-custodial exchange targeting institutional investors, it uses third-party banks and a crypto custodian. EDX supports BTC, ETH, LTC, and BCH.

Polygon 2.0: Upgrades Polygon PoS to ZK L2

As part of the Polygon 2.0 plan, Polygon Labs proposes to upgrade the Polygon PoS chain to a zkEVM Validium. The upgrade will make the chain more secure, scalable, and cheaper to use.

Reserve Invests in Curve, Convex, StakeDAO

Stablecoin protocol Reserve invests $20m to buy governance tokens from Curve, Convex, and StakerDAO, acquiring more voting power to drive liquidity for its stablecoins.

Token Inflation Reduction, Automated LPing, …