Last Week in DeFi - Balancer V2, Real-estate Backed DAI, and More

Recap: Week of April 19

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

Balancer Labs @BalancerLabs

Attention developers! Balancer V2 smart contracts are now live on mainnet 🚀 Here's what you need to know 🔽 medium.com/balancer-proto…

medium.comDevelopers: Balancer V2 Smart Contracts Are Now LiveThe leading protocol for generalized AMMs is excited to roll out its biggest upgrade to date, offering the tooling necessary for anyone to leverage capital efficiency in new and creative ways. As…

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

Lucas Vogelsang @lucasvo

1/ Today for the first time ever a DeFi protocol financed a Real World Asset: @MakerDAO minted its first 35,913 $DAI backed by real estate. What does this mean for Maker & DeFi? Read on 👇 coindesk.com/maker-price-ma…

coindesk.comMaker Price Passes $4K for First Time, as MakerDAO Brings Real Estate to DeFi - CoinDeskMaker price ($MKR) passed $4,000 for the first time in history, as MakerDAO agreed to introduce “real world” assets as collateral dai loans.

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

Curve Finance @CurveFinance

We have launched a pool on @0xPolygon! Liquidity in the pool is also deposited on @AaveAave. So you can swap between DAI, USDC and USDT over there, and also earn trading fees and $MATIC. Additional $MATIC rewards will be added in the coming days

polygon.curve.fiCurve.fiCurve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.

Stable swap exchange Curve has launched a pool for stablecoins on Polygon, an Ethereum scaling solution.

ArcherSwap

Archer DAO @Archer_DAO

Introducing: Archer Swap - a new DEX extension that prevents frontrunning and offers traders zero slippage and zero cost cancellation swaps on @Uniswap and @SushiSwap.

Caleb @calebsheridan

Scared of MEV? 👇 We share our proof of concept -- Archer Swap -- for @Uniswap and @SushiSwap traders to avoid being front-run.

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

Evan Kuo 🔑 @evankuo

Hey all, just wanted to introduce FORTH a new governance token for AMPL. Anybody who has interacted with the AMPL ecosystem on-chain can claim a portion of the network! Cheers 🍻 @AmpleforthOrg @brandoniles #MayTheForthBeWithYou $AMPL $FORTH ampleforth.org/governance/cla…

ampleforth.orgAmpleforth GovernanceThe $FORTH governance token has arrived. Connect your wallet to claim it. The Ampleforth protocol is governed through a series of sequential steps, each representing increasing levels of consensus from the community. Proposals and ideas are surfaced on the discord or our public forum, and are finali…

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

Synthetix ⚔️ @synthetix_io

The FAANG equity Synths and sTSLA are now live for trading! FAANG synths can be traded on @kwenta_io. You can also earn SNX rewards for contributing liquidity to @BalancerLabs pools for out-of-market-hours trading: staking.synthetix.io/earn

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.