To the DeFi community,
This week decentralized derivatives platform dYdX decided to create its own applicaiton-specific standalone chain, as part of the Cosmos ecosystem. The move will also complete the decentralization of the platform – marking an important milestone for dYdX once the transition is complete. dYdX developers reasoned that no L1 or L2 solution they found could handle the throughput required to run a competitive trading engine, leaving Cosmos chain customizability as the best option for its needs.
We’re excited to announce that dYdX V4 will be developed as a standalone Cosmos-based blockchain! 🔗🎉https://t.co/zQzZMIpzWO
— dYdX (@dYdX) June 22, 2022
Solana DeFi protocol Solend sparked controversy within the wider community after an attempt to take over a whales funds – an effort to avoid major issues from a large potential liquidation. The Solend team argued that the $108 million loan would be better liquidated over-the-counter, rather than via the on-chai
We współpracy z: https://defirate.com/this-week-in-defi-june-24/
