Today in DeFi - The Fed Shills DeFi, Synthetix adds $sTSLA, and More

The Fed Shills DeFi

St. Louis Fed @stlouisfed

Read new research to find out what decentralized finance is and how it may lead to a paradigm shift in the financial industry #DeFi ow.ly/Lwbj50DsSBJ

A research paper on DeFi has been published by the St. Louis Fed, one of the boards of The Federal Reserve. The paper, by University of Basel Professor Fabian Schar, provides a framework for understanding and analyzing Decentralized Finance.

The St. Louis Fed has historically been open minded regarding cryptocurrency and blockchain. You can see content related to Bitcoin on their website here.

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Synthetix Adds $sTESLA

ChainLinkGod.eth @ChainLinkGod

The @synthetix_io Spartan Council has approved the creation of $sTSLA, a synthetic asset providing on-chain exposure to @Tesla shares This is only the beginning of zero slippage US stock trading 😏

ChainLinkGod.eth @ChainLinkGod

The $TSLA/USD Price Feed is now live on the Ethereum mainnet providing the #DeFi ecosysem a decentralized source of data on the current price of @Tesla shares https://t.co/urZMvehHmO #Chainlink $LINK https://t.co/pV8q7SiFiW https://t.co/6Efs17jaId

The Synthetix Spartan Council has voted to add sTSLA synth to Synthetix.

This will be Synthetix’s first synthetic equity asset.

TORN Airdrop

Tornado Cash’es $TORN governance token has been airdropped to users of the protocol. Word on the street is the amount is quite significant.

MATIC Polygon

Polygon (previously Matic) @maticnetwork

1/ Dear Matic Network supporters and beloved crypto community, Today is a big day for our project! 🤗 We are excited to announce that we are expanding our mission and technology scope and becoming Polygon - Ethereum’s Internet of Blockchains. 🦄💫

MATIC Network has become Polygon.

Polygon (previously Matic) @maticnetwork

5/ In addition to the currently implemented Matic PoS Chain and Plasma Chains, Polygon will offer: - Other major scaling solutions such as zkRollups, Optimistic Rollups, Validium etc. - Inter-chain communication protocols - Bleeding-edge data availability solutions - And more..

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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