Today in DeFi - Maker Optimism DAI Bridge, Grayscale DeFi Fund, and More...

Jul 20, 2021

Maker DAI Token Bridge on Optimism

1/16 Dai token bridge on @optimismPBC was launched! 🌉🚀 MakerDAO's Engineering Team and Optimism have been working very hard to bring scalability to Dai without losing Ethereum's essence! Here you can read a recap about the implications of this milestone:

Maker launched the DAI token bridge on Optimism. DAI deposits from L1 to L2 are almost instant but L2 to L1 withdrawals require a 1-week wait to ensure state computation is correct.

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.

Grayscale DeFi Fund

Grayscale @Grayscale

Today we’re unveiling Grayscale DeFi Fund, our second diversified investment product, which tracks the @CoinDesk #DeFi Index. Accredited Investors are now able to gain exposure to a selection of industry-leading DeFi protocols through the Fund. Learn more: bit.ly/3rlhtFB

Crypto asset management firm Greyscale launched a new index product tracking Coindesk’s DeFi Index. Fund components include major projects such as Uniswap, Aave, Compound, etc.

Notional NOTE Token

Notional @NotionalFinance

1/ INTRODUCING...The NOTE token! In conjunction w/ V2 launch in September, our roadmap to decentralization is taking shape. Post: blog.notional.finance/introducing-th… Details on our retrospective airdrop, and how you can get involved by liquidity mining & community grants program🧵👇

blog.notional.financeIntroducing the NOTEEarlier this month we introduced the core features of Notional V2 [https://blog.notional.finance/introducing-notional-v2/]. Today, we are excited to announce the NOTE token and Notional’s plans for decentralization and community ownership. In order to achieve long-term success and growth of the Noti…

Fixed-rate lending project Notion introduced the NOTE token after announcing the upcoming V2. NOTE holders will have control over the on-chain treasury, parameter changes, and contract updates.

Opyn Opeth Protected ETH Pool

opyn @opyn_

Liquidation free borrowing 🥳 With @OpethFinance, we created a @Uniswap v3 pool that allows users to buy protected ETH (Opeth) in a simple, capital efficient manner. Dec 31 $1280 ETH puts are the first long-dated options powering Opeth

Opeth Finance @OpethFinance

It just got easier to buy protected ETH!😍 Swap into Opeth using any token of your choice via @Uniswap First up is a ETH put powering Opeth with a strike of $1280 & Dec 31,2021 expiry. Brought to you in collaboration with @opyn_ Read more: https://t.co/DfE1bPwKiE Thread 🧵

Option projects Opyn and Opeth partner up to launch a protected ETH pool on Uniswap V3. The pool is powered by the long-dated put with a $1280 strike & 31 Dec 2021 expiry.

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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.