To the DeFi community,
This week, Uniswap V3 soft launched Optimism L2 integration, bringing instant trades and fees up to 10x lower than a comparable transaction on Ethereum L1. Uniswap Optimism will continue to scale up in the coming weeks and may experience unexpected downtime, and comes with the known limitations of L2 providers like requiring a week to withdraw back to L1. But it’s a big step forward in the scalability of the world’s most popular DEX.
🌹 Roses are red
💎 Violets are blue
⏰ You’ve all been waiting
🦄 @Uniswap on L2https://t.co/YLpwJIoPiH— Optimism (@optimismPBC) July 13, 2021
Harvest Finance V2 launched this week, bringing a major visual refresh and UX improvements to make yield farming easier than ever. V2 brings new ways to search for Harvest strategies, sort through categories that use different assets and platforms like BSC and Polygon, and an improved deposit process to aid new users.
1/ We are thrilled to announce a new evolution of Harvest and the #farmlands teased as “V2.”
For the past 12 months, we’ve worked hard on proving Harvest’s protocol delivers cutting-edge yield farming opportunities while making it easier and accessible for any user type. pic.twitter.com/1j2ifpQwKe
— Harvest Finance (@harvest_finance) July 12, 2021
Shapeshift, one of the oldest token swap providers in the crypto industry, announced plans to fully decentralize, gradually open-sourcing contracts over the coming months and airdropping tokens to more than 1 million eligible addresses, including protocol token holders for Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, and 0x projects. See if you’re eligible!
.@ShapeShift_io wants to dissolve its corporate structure and become 100% crypto native over the next couple of months.
To hand over governance to its community it has just airdropped over 70% of the $FOX supply to various DeFi users.
Check eligibility: https://t.co/nIgyOPnvK8 pic.twitter.com/OIErq7DQMj
— DeFi Airdrops (@defi_airdrops) July 14, 2021
And asset management provider Set Protocol integrated with Polygon, bringing more managed investment capabilities to the leading Ethereum scaling solution. In addition to speeding up transactions and lowering costs, the deployment will also bring additional liquidity to Set strategies, ensuring smooth operation of the various positions and trading strategies.
1/ We are excited to announce that TokenSets has launched on Polygon! 🚀 TokenSets enables investors and portfolio managers the ability to interact with the future of asset management via the scalable and flourishing ecosystem that is @0xPolygon
— Set ⚖️ (@SetProtocol) July 13, 2021
If you’ve been navigating the crypto seas for some time now, you might be familiar with the advantages of Web3 infrastructure – decentralization and asset custody of course, but also the client-side unified login that makes connecting to DeFi protocols quick and easy, and the expectation of extreme transparency in assets and governance on-chain.
So it can be easy to forget that for the vast majority of potential users, Web3 interactions are confusing and require far more setup to get rolling than traditional gateways that often require little more than an email address and a simple password. Like so many things in crypto, Web3 logins are a huge step forward, but only if you have the foundational knowledge to use them.
Harvest V2 is moving in the right direction, and the race for L2 dominance has given relief to existing users, but we’re still waiting on the front end infrastructure that will find the sweet spot between crypto accessibility and broad-based usability. Whichever group solves that puzzle will be easy millionaires, no rug pulls required. Let’s get to work!
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Alex is a Content Writer at Circle, with previous experience at tech startups, Fortune 500 corporations, and as a freelance writer and analyst. Interests include cutting-edge technologies in blockchain, energy, supply chains, transportation, urban living, and more and he has been in the crypto community since 2014.