Bankless avatar

Dexa/Bankless

Learn more
Published May 21, 2021

📺 ROLLUP: 3rd Week of May (Dip Week, The Rise of Polygon, Elon Crypto, Coinbase Outage, China)

Dive into the third week of May's crypto chaos with hosts David Hoffman and Ryan Adams, as they analyze Ethereum's transformative EIP-1559 proposal, Polygon's rapid ascent, and the rollercoaster of market volatility influenced by Elon Musk. Discover the latest DeFi innovations shaping the industry, including Uniswap V3 and SushiSwap's Miso platform.
Episode Highlights
Bankless logo

Topics covered

Popular Clips

Questions from this episode

Episode Highlights

  • DeFi Innovations

    Uniswap V3 is making waves in the DeFi space, quickly becoming the second largest decentralized exchange on Ethereum. and discuss its rapid adoption and the paradigm shift it represents in automated market makers (AMMs) 1. The new version is not just an upgrade but a complete overhaul, offering a new way to manage liquidity and user interface improvements.

    Uniswap V3 is straight up a new paradigm in AMMs, where AMMs to begin with, are already a new paradigm.

    ---

    Coinbase is also expanding its DeFi footprint with a new wallet extension, aiming to compete with MetaMask by offering a non-custodial, DeFi-enabled wallet 2. This move signifies Coinbase's recognition of DeFi's growing importance and its potential for revenue generation.

       

    Token Launch Tools

    SushiSwap's Miso platform is redefining token launches by offering a suite of open-source smart contracts. explains that Miso aims to simplify the process of launching new projects on SushiSwap, providing various mechanisms for token distribution 3. This initiative is seen as a modern iteration of the ICO model, focusing on permissionless and secure token issuance.

    Miso is a suite of open source smart contracts created to ease the process of launching a new project on the SushiSwap Exchange.

    ---

    The platform is designed to attract both technical and non-technical founders, enhancing SushiSwap's appeal as a launchpad for new tokens.

       

    Funding Boosts

    Significant funding rounds are fueling growth in the DeFi ecosystem. Zapper, a DeFi dashboard, has raised $15 million to develop an App Store, which finds exciting for its potential to enhance user experience 4. This funding will likely accelerate Zapper's development and integration with platforms like Polygon.

    Zapper raises $15 million to build on platform App Store.

    ---

    Additionally, Argent has reached $1 billion in assets stored in its wallets, showcasing its innovative approach to reducing gas fees and preparing for Layer 2 solutions 5. These developments highlight the dynamic growth and innovation within the DeFi sector.

Related Episodes