Today in DeFi - SEC Sues Binance, Raft Live, Low-interest Loans for LSDs, and more...

SEC Sues Binance

The SEC sued crypto Binance and its founder CZ, alleging that they violated securities laws of the US. Binance later published a response to SEC’s complaint.

Raft Live

Raft Finance, a lending protocol for LSTs, is live. Raft initially supports the stETH market and allows users to borrow R stablecoin against stETH.

SyncSwap Move Live

zkSync-based DEX SyncSwap launches the Move bridge, enabling USDR and WBTC transfers between Ethereum and zkSync Era.

Uniswap FLAIR

Uniswap introduces FLAIR, a new metric to measure intra-pool LP competitiveness in AMMs. The FLAIR metric allows “both existing LPs to measure historical performance and prospective LPs to optimize future capital deployments with backtests.”

Upcoming: Optimism Bedrock

Optimism Bedrock upgrade is set for June 6, 2023, at 16:00 UTC. Projects including Kwenta and Lyra will be shut down in preparation for the upgrade.

Reducing Protocol Emission, Wrapped Uni V3 LPing, and more…