Today in DeFi - Paraswap on StarkEx, Aztec 2.0, CoFix Launches

Oct 13, 2020

Paraswap on StarkEx

We are happy to welcome @paraswap to StarkEx. StarkEx will enable ParaSwap to offer inexpensive swaps at scale. We will be collaborating with @paraswap on other fronts too - more details coming soon!

Paraswap, a DEX aggregator, has announced it will be using StarkEx for L2 Scaling. StarkEx is a STARK-powered L2 solution currently used by DeversiFi and dydx. Find out more at StarkEx.

Today in DeFi is sponsored by Zapper - the Dashboard for DeFi.

Zapper lets you manage your DeFi assets and liabilities in one simple interface. It integrates with popular yield farms, DEXes and lending platforms, letting you zap in and out of farming opportunities easily.

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Aztec 2.0 Launches

Aztec @aztecnetwork

Today, we're very excited to release Aztec 2.0, our Layer 2 zkRollup network 🚀 Aztec is building the infrastructure for scalable and programmable private payments on Ethereum, running off the DeFi capital system💸 medium.com/aztec-protocol…

medium.comAztec: zkRollup Layer 2 + PrivacyToday we’re proud to announce Aztec 2.0, the Layer 2 Network — a scaling solution, with privacy at its core: These features implement the output of our world-class research team, who delivered PLONK…

Aztec, an Ethereum privacy technology project, has just announced Aztec 2.0. Aztec 2.0 is an L2 scaling and privacy solution. Using zkRollups, Aztec provides default privacy and much better scalability:

zkRollup based Layer 2 network, live on Ropsten
Private sends by default — shield and send your ERC-20s privately
Social-key recovery baked in
Scalable private access to DeFi (Uniswap, etc.)
200x gas reduction compared to Aztec 1.0
Secure by design: all transactions are validated on-chain
Programmable Privacy with Noir — The private contract language

Find out more in the Medium post.

CoFix Launches

CoFiX @CoFiXProtocol

CoFiX is to go live at 8 p.m. Singapore Time (UTC +8) on October 12 after seven-month research, design, development, and testing. A mining program (including liquidity and trading mining) will start at the same time.

CoFix, a new AMM DEX using NEST price oracle has just launched. CoFix claims to remove “system-level arbitrage” - meaning liquidity providers do not experience Impermanent Loss. It claims to offer:

Risk-free market-making (no permanent or impermanent loss).
Simple hedging.
No permission required.
High capital efficiency.
Suitable for any trading pairs, including mean-reverting pairs, correlated pairs, uncorrelated pairs, and inversely correlated pairs.
Trading with the lowest price spread.

Find out more about CoFix in the Medium article.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.