Recently, the DeFi community was seen progressing with new developments by Uniswap, Teller Finance, Band Protocol, and Balancer. So, the first worth mentioning is the entrance of Uniswap’s latest addition.
Although the platform is yet live, more and more details about it are now available. For instance, the community has discovered that this upgrade will feature concentrated liquidity pools.
This feature will allow liquidity providers to set a range of their assets that’ll be used for swaps. Therefore, with a proper configuration, V3 feature can eliminate the risk of impermanent loss but increase capital efficiency. For now, the mainnet of the Uniswap version 3 will launch on the 5th of May.
Another important incident to mention is the combination of DeFi and NFTs by Teller Finance. For now, the protocol is open for those who’re purchasing the Teller-issued digital collectibles.
According to Teller Finance, proceeds from selling the collectibles will be the funds to develop and provide liquidity for its early customers. Those who’re holding Teller NFT can get a share from the interest payments accumulated from the initial release.
The balancer has announced its partnership with a platform called “Gauntlet”. According to the protocol, the partnership will enhance its risk management efforts and also optimize its parameters.
Consequently, the platform can enable features such as “dynamic-tee trading pools” once they launch the Balancer version2. The set time for the launch is by the end of this month-March
The community of Alpha Homora is excited as the protocol released more information concerning their ALPHA tokenomics &rewards framework. This new move will allow ALPHA holders to utilize more opportunities in the ecosystem.
For instance, they can stake tokens for fees in the whole AH ecosystem which expands to version 1 and version 2 on Ethereum. In fact, they aim to utilize all the available capabilities on Binance Smart Chain plus any other future products that enter the ecosystem.
This week, the Band protocol team made the announcement informing the community that it is partnering with Finage. According to Band, the aim of the collaboration is to introduce enterprise-grade pricing data to the decentralized finance ecosystem.
Notably they mention integration with the former Matic, now known as Polygon. The aim, according to Band, is to provide price data for 150+ crypto assets to the developers working on completing Polygon’s L2 protocol.
DeFi Remains in Spotlight
It is also worth mentioning that the sideway price action of Bitcoin & Ethereum seems to slow down the hype around decentralized finance.
With the growing interest in Non-fungible tokens (NFTs) not waning at all, it appears that DeFi is struggling to remain in the spotlight. However, there’s hope due to the release of Balancer V2 and Uniswap V3 alongside Teller Finance and other DeFi projects being released weekly, the industry may soon bounce back.