Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha
The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum. The alpha launch is a limited version of the full system which helps developers deploy the system gradually and address any issues that may arise.
The blog post elaborated:
Please treat this as an early alpha product. Optimistic Ethereum is a complex Layer 2 scaling solution still in need of rigorous battle testing.
The transition to a Layer 2 solution in the Ethereum network, especially for large protocols, is an inevitable step. We are waiting for the release from Uniswap and we will test it.
ShapeShift to decentralize entire company, plans for largest airdrop in history
As part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1 or more of Ether (ETH) or any ERC-20 token through the platform prior to June 9, 2021.
“It has become clear that open, immutable finance requires open, immutable organizations”, said Erik Voorhees, founder and CEO of ShapeShift.
The decentralization of such a large platform as ShapeShift is a good example for other market players. The emergence of new DAOs based on an existing business will open up new opportunities for both other platforms and ordinary users.
Thales raises $2.5M for binary options platform in Synthetix ecosystem
A decentralized finance project providing binary options style trading has just completed a $2.5 million seed round.
Thales is a Synthetix ecosystem project building support for trading binary options and on-chain derivatives on the Ethereum network. At launch, Thales will support markets for more than 60 different assets including cryptocurrencies, commodities, equities, and index products, before expanding into sports markets.
The launch of binary options in the Synthetix ecosystem was an obvious evolutionary step. Hopefully, the team will be able to use the funds raised as efficiently as possible.