This Week in DeFi – March 18

For the DeFi community

Optimism this week Raise $ 150 Million In a Series B round that rated the Ethereum scaling solution at $ 1.65 billion. Optimism says it will continue to improve the protocol to reduce transaction fees, including adding developer talent to the team.

Even after more than a year on the mainnet, milestones continue to grow as follows: Save $ 1 billion in gas charges for users, deploy thousands of smart contracts, three separate forks …

And now: Raised $ 150 million to provide a runway to keep rain and shine. https: //t.co/pBC2jmXtnh

— Optimism ?✨ (@optimismPBC) March 17, 2022

Sushi exchange Release Trident, a new AMM aggregation framework on Polygon that aims to integrate the functionality of Ethereum-based AMM apps into a more cohesive environment for developers and users. Pools that use Trident can be accessed using the IPool interface. You will also need a new pool to pass the audits and internal reviews you add to the interface.

? Trident is live @ 0xPolygon ?

“Try” the Phase 1 Trident release at https://t.co/pWkBIPgcOw (Network #polygon).

Read more at https://t.co/FNvsrQK1Rf

❗️ Important: This release is a preview release. Please use at your own risk. If you have any questions, please visit Discord. ? pic.twitter.com/Ihuzh8r99e

— SushiSwap (@SushiSwap) March 16, 2022

Aave Release V3, a DeFi lending protocol that spans Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony. Add a cross-chain “portal” between the supported chains, add gas optimization, a redesigned user interface, and other new features.

1 / Aave V3 is here! ?
The most powerful version of the Aave protocol to date, V3, brings breakthrough new features, from improving capital efficiency to increasing decentralization. Read what’s new in V3 in the thread below ? or visit https://t.co/H3jTyKRqNs for more information. pic.twitter.com/LXzn7660nA

— Aave (@AaveAave) March 16, 2022

The Kiln Ethereum testnet then successfully performed the long-awaited “merge”, combining existing transaction processing with the beacon chain to fully strengthen network consensus through Proof of Stake. A kiln is a final merge-related testnet created before an existing public testnet is upgraded. Without technical issues, Ethereum PoS on the mainnet could be just a few months away.

The # Ethereum Kiln Merge testnet has successfully completed the merge and has completely migrated from PoW to PoS.

I am very excited to be able to take part in this crucial opportunity! pic.twitter.com/O2sz2kftec

— Crypto-Gucci.ethᵍᵐ?? (@CryptoGucci) March 15, 2022

DeFi has come a long way in a very short time. This is the result of a large investment by cryptocurrency participants and venture capital, but it also talks about some important benefits that make decentralized development very powerful in the first place. The focus on open source development means that builders don’t have to reinvent the wheel and don’t even need an engine to try out new ideas. Decomposing these components is also a great opportunity for those learning to build in the crypto industry, and the tools are rapidly maturing and becoming more widely available every day.

It all increases the pace of development by orders of magnitude and offers the potential for innovative products to be created in both hundreds or thousands of edge cases around the world. Crypto and DeFi, along with the open source movement and the revolution of the Internet itself, are the ability of humankind to creatively tackle our problems and build a more expressive and unique world that is more inclusive and equitable than ever before. Has been greatly improved.

It doesn’t happen for a day, or even a year-even baseline Internet access is still in the process of proliferation, and many aspects are truly alternation of generations. But sticking to DeFi is to have a notable front row seat in one of the most exciting times of development in human history. It’s too late to explore the Earth and too early to explore the stars. But it was born just in time to see humanity freed from the intensive and institutional control of economic life and participated in innovative ways of organizing work, relationships and play. It’s a good time to live.

Author’s Note: This will be my final edition of the week at DeFi-a new writer should take over soon. Thanks for reading, it was a lot of fun and I’m honored to catch up with the best DeFi for weeks. Follow us on Twitter @Watch_Crypto or contact us at: [email protected] If you want to get in touch. toast!

Thanks to our partners:

Total value is locked: $ 7.735 billion (up 3.97% from last week)

DeFi market capitalization: $ 119.75B (up 5.03%)

DEX Weekly Volume: $ 14.03B (up 2.78%)

DAI supply: 9.44B (up 0.32%)

[Timothy Craig – Crypto Briefing] – Ethereum gas rates are cheap again. why?

[Chris Powers – Dose of DeFi] – ApeCoin and the number of bridges in the multi-chain world

[Donovan Choy – Bankless] – Why DAO is a new company

[Anthony Sassano – The Daily Gwei] – DeFi Renaissance – Day League Way # 459

Alex is a Circle content writer with experience at technology startups, Fortune 500 companies, and a freelance writer and analyst. His interests include cutting-edge technologies such as blockchain, energy, supply chain, transportation and urban life, and he has been in the crypto community since 2014.