It’s been a wild ride in the world of Decentralized Finance (DeFi) recently. While many people are just now learning about it and jumping into the game, those that have been here longer can attest to how much has changed, not only in usage but also the complexity of DeFi products.
So what’s the latest in DeFi?
Just recently, a major DeFi protocol, Aave, announced that it was launching an Ethereum 2.0 version of its platform. This is massive, as it means that individuals will be able to deposit, lend and stake their Ether on the platform without needing to have an Ethereum 1.0 node, thus making it much easier for users to participate.
On top of that, major decentralized exchanges (DEX) Uniswap and SushiSwap have both seen a dramatic increase in popularity, and it looks like both of these DEXs will remain the main platforms for trading digital assets. With SushiSwap specifically, its recent Gourmet launch made waves throughout the DeFi community due to its introduction of a new yield farming feature.
On the lending side, DeFi protocols like Compound and Curve have seen a huge uptick in activity. Compound has been incentivizing users through its COMP token airdrop, while Curve has been introducing many new features to its platform, making lending incredibly efficient in their Network.
In summary, DeFi has seen a tremendous amount of growth over the past few months. With Aave pushing Ethereum 2.0 and Uniswap and SushiSwap dominating the DEX market, plus Compound and Curve leading the lending space, DeFi appears to be here to stay!
If you’re looking to learn more about DeFi and stay up to date on the latest news, make sure to follow us for more!