Today in DeFi - Velodrome V2 Live, Prime Trust Halted Withdrawals, PENDLE Yield Boost, and more...
Velodrome V2 Live
Velodrome launched V2 with a new VELO token. V2 enables new features including concentrated liquidity support, dynamic fees, dynamic emission rate, velodrome relay, enhanced UX, etc. V1 users will have about a week to migrate to V2 before the emission begins on V2 on June 29th.
Prime Trust Halted Withdrawals
Crypto custodian Prime Trust halted deposits and withdrawals of both fiat and crypto after receiving an order from the Nevada Financial Institution Division.
TrueUSD, the stablecoin project that used Prime Trustβs service, said the TUSD stablecoin was affected but sent emails saying no more mint and redeem due to Prime Trust.
Aura Finance on Arbitrum
Aura Finance is now on Arbitrum, enabling protocols to utilize its tools to boost liquidity or incentivize governance on L2.
MakerDAO Buys $700M US Treasurys
MakerDAO bought another $700 m U.S. Treasurys, taking the total in its DAI stablecoin reserve to $1.2 b. The acquisition was part of a proposal approved in March to increase the upper limit of an RWA vault that invests in short-term government bonds to $1.25 b.
Circle Resumes U.S Treasury Purchases
Circle resumes U.S. Treasury purchases in its $28b, BlackRock-managed USDC Reserve Fund after ditching all holdings amid the U.S. debt ceiling standoff last month.
PENDLE Yield Boost, β¦
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