Hello Defiers! Hope you’re having a great weekend. Summing up: This week was all about scaling with OMG Network launching a long-awaited, plasma-based Layer 2 solution, which enables more processing power for Ethereum apps. Together with the launch, OMG announced Bitfinex will be processing Tether transactions through the network. DeversiFi launched a Dex based on the zkStark scaling technology, which it says allows for ~9k transactions per second. Compound Finance gave up full control of governance to COMP token holders, while in other governance token news, Balancer started issuing BAL. Dharma users are now able to buy ETH directly on the wallet, and Aave users can now borrow against Uniswap liquidity.
Recap: DeFi Week of June 1🦄
Recap: DeFi Week of June 1🦄
Recap: DeFi Week of June 1🦄
Hello Defiers! Hope you’re having a great weekend. Summing up: This week was all about scaling with OMG Network launching a long-awaited, plasma-based Layer 2 solution, which enables more processing power for Ethereum apps. Together with the launch, OMG announced Bitfinex will be processing Tether transactions through the network. DeversiFi launched a Dex based on the zkStark scaling technology, which it says allows for ~9k transactions per second. Compound Finance gave up full control of governance to COMP token holders, while in other governance token news, Balancer started issuing BAL. Dharma users are now able to buy ETH directly on the wallet, and Aave users can now borrow against Uniswap liquidity.