Fast movements throughout the crypto industry make it possible to overlook major developments while your eyes are off the screen. Today, we look into nine key updates that shape the space, from significant protocol upgrades to game-changing proposals.
Aave Leaves Polygon Network
Aave has decided to leave Polygon following a governance proposal by Polygon DAO that required changes in asset management policies. This move creates uncertainty regarding DeFi network development plans and corporate growth strategies. Aave will now focus on Arbitrum and Ethereum mainnets due to their larger liquidity resources.
Arbitrum Utilizes Treasury Funds
Arbitrum is optimizing its 5,000 ETH Treasury with a multi-layered strategy. It stakes ETH with Lido for wstETH, integrates it into Aave V3 for liquid staking, and lends some on Fluid to boost liquidity.
Lido Releases v3
Lido has rolled out v3, offering the best possible advantages for Ethereum stakers. The upgrade allows institutions to join DeFi trading while providing traders with secure leverage features.
Crypto never stops evolving, and these developments highlight only how fast things change. The industry continues to innovate remarkably, from Aave’s migration and Ethereum’s UX upgrades to Lido’s staking enhancements and Uniswap’s funding initiatives. There’s always more happening in crypto.
