Today in DeFi - Ripple Wins SEC Case, Polygon POL Token, Leveraged Lending, and more...

Ripple Wins SEC Case

After a year long of dispute between Ripple and the SEC on whether the XRP token is a security, a US judge ruled that institutional XRP sales were investment contracts, but programmatic sales were not.
"The programmatic portion of the ruling could have broad impact for other crypto tokens, though the ruling could be appealed by both sides. "

Polygon 2.0: POL Token

Polygon releases the whitepaper of POL, an upcoming token upgrade of MATIC. POL will be the token that allows holders to be multichain validators for all Polygon chains to receive fees and rewards.

Ajna Live on Ethereum

Lending protocol Ajna launches on Etheruem. Ajna has no oracle price feed nor governance, and allows borrowing against nearly any fungible or non-fungible token and lend any fungible token. Ajna plans to expand to L2s in the coming months.

Ondo on Polygon

RWA protocol Ondo expands to Polygon, allowing investors to access tokenized Treasury products and OUSD on Polygon.

Base Opens for Builders

Base L2 opens its mainnet to builders and will open for the public in August.

MetisDAO ZKM

MetisDAO introduces the ZKM project. ZKM is a infrastructure layer that enhances capabilities for ZK Rollups.
ZKM is developing a hybrid rollup that combines an Optmistic rollup and ZK rollup into one, and will upgrade the Metis to a hybrid rollup at the first phase of its 3-phase roadmap.

Trading Rewards, Leveraged Lending, …