A few milestone events occurred last week, including the issuance of the first-ever real world asset-backed loan on MakerDAO, and the listing of FAANG synthetic stocks on Synthetix.
Major projects are also moving forward, such as Balancer V2 , and Ampleforth launching their new governance token.
Balancer V2 Went Live
![Twitter avatar for @BalancerLabs](https://substackcdn.com/image/twitter_name/w_96/BalancerLabs.jpg)
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Balancer’s updated smart contracts to V2. The V2 architecture holds token balances in a single vault to boost efficiency and add flexibility to support different types of AMM logic, allowing developers to further customize token pools.
An example of a project building on V2 is Element Finance, a fixed rate project that is using V2’s custom price curves to build an AMM suitable for its products.
Sushiswap
Today in DeFi is sponsored by Sushiswap.
Sushiswap is a DeFi-Native DEX which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.
Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.
Check out Sushiswap at Sushi.com, or try the Bentobox/Kashi beta at staging.sushi.com
RWA-Backed Loan on MakerDAO
![Twitter avatar for @lucasvo](https://substackcdn.com/image/twitter_name/w_96/lucasvo.jpg)
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After passing the vote to onboard a new token as collateral type in middle April, the next week MakerDAO allowed New Silver, a lending company, to mint 35k+ DAI using real estate as collateral. This is the first RWA-backed loan issued in DeFi.
Curve on Polygon
![Twitter avatar for @CurveFinance](https://substackcdn.com/image/twitter_name/w_96/CurveFinance.jpg)
Stable swap exchange Curve has launched a pool for stablecoins on Polygon, an Ethereum scaling solution.
ArcherSwap
![Twitter avatar for @Archer_DAO](https://substackcdn.com/image/twitter_name/w_96/Archer_DAO.jpg)
![Twitter avatar for @calebsheridan](https://substackcdn.com/image/twitter_name/w_40/calebsheridan.jpg)
ArcherDAO, an MEV project, introduced ArcherSwap, a DEX extension that prevents users from getting frontrun.
In addition, it also promises zero zlippage and zero cost cancellations(failed trades).
Ampleforth Introduced $FORTH
![Twitter avatar for @evankuo](https://substackcdn.com/image/twitter_name/w_96/evankuo.jpg)
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Ampleforth, the first algorithmic stablecoin protocol in DeFi, launched new governance token $FORTH, along with an airdrop for users who has previously interacted with AMPL on-chain.
Synthetix FAANG Stock Synths Live
![Twitter avatar for @synthetix_io](https://substackcdn.com/image/twitter_name/w_96/synthetix_io.jpg)
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Equities for FAANG and TSLA are now live for trading on Synthetix & Kwenta.
Follow @todayindefi to keep up with the latest DeFi news on Twitter.
Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.