Today in DeFi - V3 Frax Bonds Live, Public Goods Network Winding Down, Trade Joe Phone, Efficiently Batch Swap Tokens, and more...
Launches π
Frax Finance launches Frax Bonds (FXBs) on v3 protocol. FXBs are debt tokens denominated in FRAX stablecoins that are repaid on-chain and thus a way to buy "future FRAX stablecoins at a particular timestamp for a discount today."
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Updates π°
In addition to liquid staking, MetaMask Portfolio now offers Validator Staking (staking-as-a-setvice). Users can simply stake 32 ETH to be validators while MetaMask takes care of the work like managing the node operation, client updates, and runtime stability.
Built on Uniswapβs v3 pools, Wormhole now supports native ETH/wstETH transfers across 7 EVM chains.
Issues π¨
Public Goods Network (PGN), a funding L2 by Gitcoin, will wind down over the next 6 months due to challenges in generating significant funding for public goods. The network shutdown is tentatively planned for June 2024.
Upcoming β³
Trader Joe hints at a mobile phone launch.
UMA is releasing a product that reclaims value from MEV for lending protocols.
Conflux is launching an EVM-compatible Bitcoin Layer 2 where BTC will be the native currency for gas fee calculations. Testnet launch is expected to be Feb/March and mainnet in May.
Farms π§π»βπΎ
Stella offers good stable lending APRs with ARB incentives.
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High-Yield Stable Farms, Efficiently Batch Swap Tokens, β¦
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