Last Week in DeFi - Sui Mainnet, 1inch Fusion on Multichain, Lido V2 Coming, and More...

Recap: Week of May 1st

Product Launches 🚀

• Sui Mainnet
  Move-based L1 Sui launches its mainnet. Sui parents with Coinbase Cloud and Wormhole to provide staking and bridging infrastructure for devs.

• Dump Services
  Yearn partners with CowSwap to launch Dump Services, a tool that allows users to sell all tokens in their wallets in one transaction.

• Maverick Boosted Positions
  Maverick AMM launches Boosted Positions that allow protocols to add incentives to any LP position on Maverick to build up liquidity.

• crvUSD on Mainnet
  The crvUSD contracts have been deployed on mainnet and the first 1m crvUSD are backed by Frax’s sfrxETH. crvUSD UI will be deployed soon.

• Uniswap Agora
  Uniswap launches Agora, a governance interface that allows delegates to build detailed profiles & delegators to easily find delegates who match their interests.

Project Updates 🚩

• 1inch Fusion on Multichain
  1inch now provides Fusion Mode on five more chains: Optimism, Arbitrum, Avalanche, Fantom, and Gnosis Chain.

• Avalanche x Alibaba Cloud
  Avalanche announces partnership with Alibaba Cloud. Alibaba’s business clients will have access to the Cloudverse launchpad to launch their own Metaverse spaces on Avalanche.

• Aave Live on Metis
  Aave passed the proposal and deployed its v3 markets on Ethereum L2 Metis.
  Metis is an EVM-compatible L2 that uses the optimistic rollup tech.

• Sommelier on Arbitrum
  Cosmos-based yield optimization protocol Sommelier is now running DeFi vaults on Arbitrum using bridging protocol Axelar for cross-chain communication.

• ether.fi Phase 1
  ETH staking protocol ether.fi launches phase 1 which focuses on delegated staking. ether.fi will roll out the protocol with a whitelist for large ETH stakers initially.

• GammaSwap on Testnet
  Oracle-less perpetual trading protocol GammaSwap is now live on the Goerli testnet. GammaSwap allows LPs to turn their IL into impermanent gains.

• Stripe On-Ramp
  Payment infrastructure company Stripe introduced introducing Stripe-hosted fiat-to-crypto onramp. Stripe clients can now integrate the service and enable their US-based customers to purchase crypto easily.

• Solana Saga Phone
  Solana now opens public orders for the Saga phone.

Governance Highlights 📝

• Cosmos Approved LSM
  The Cosmos community approved implementing Liquditiy Staking Module (LSM) in a future upgrade. Once implemented, LSM will enable users to liquid-stake their already staked ATOM.

Upcoming ⏳

• Maker Spark Lend
  MakerDAO will launch Spark Lend to all users on May 9th. The protocol will support supply and borrow features for ETH, stETH, DAI, and sDAI.

• Lido V2
  Lido will run the final on-chain vote for the V2 upgrade this Friday. If the vote is successful, V2 will be live after the vote enactment on May 15th.

• Cosmos Neutron
  Neutron, the first consumer chain on Cosmos’ Replicated Security, will go live on May 10th.

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