Today in DeFi - UK Approves Crypto Laws, opBNB Testnet Live, Incentives and Snapshots for Trading, and more...

UK Approves Crypto Laws

UK parliamentarians approved Financial Services and Markets Bill (FSMB) on Monday. FSMB is a new bill that could recognize crypto as a regulated activity and stablecoins as a means of payment under existing laws. The bill still needs further approval to be put into force.

opBNB Testnet Live

BNB Chain released opBNB testnet, an EVM-compatible L2 based on Optimism's OP Stack. opBNB testnet is expected to reach speeds of 4,000 tx per second at a targeted cost of 0.005 U.S. cents per tx.

Incentives and Snapshots for Aevo Traders

We’re happy to be working with Aevo, the newly launched derivatives DEX by Ribbon Finance. Aevo is running a Taker Incentive Program that rewards the top traders for up to $2k USDC. And for all traders, the team is taking a snapshot until June 28.

Aevo allows users to trade options & perps with cross-margin and/or trade through OTC. Aevo processes orders fast with its off-chain orderbook, has intuitive UX, has its contracts audited, and secures user deposits with a $1m insurance fund.

To start trading on Aevo:

1. Go to https://app.aevo.xyz on Ethereum

1. Enable trading if you’re on Aevo for the first time

2. Deposit USDC to top up your account

1. Permit USDC and confirm your deposit

2. Start trading options or perpetuals on Aevo

Blur Supports Mobile Trading

Blur now allows users to sweep, bid, list, lend, buy now pay later, and manage portfolios from their phones.

Voting: Add WETH Collateral for crvUSD

The Curve community is voting on adding WETH (Wrapped Ether) as collateral for crvUSD. If approved, up to 200 million crvUSD can be minted using WETH.

Proposal: IoTeX Domain Name Service

The IoTeX community proposes to introduce the IoTeX Name Service (INS), which provides human-readable domain names for IoTeX addresses and resources.

Proposal for Token Buyback, Protocol Fee Updates, and more …