Today in DeFi - Nexus Mutual V2 Live, Sovryn DLLR, Staked ETH Index Token, and More...

Mar 17, 2023

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Nexus Mutual V2 Live

Nexus Mutual V2 is live on Ethereum mainnnet 🥳 "Businesses can now build on top of the Nexus Mutual protocol to share any risk–not just crypto-related risks. To me, this is what DeFi is all about–providing access to those who truly need it." @HughKarp

Nexus Mutual launches V2, enabling the launch of staking pools, third-party integration, tokenized cover, and improved UX.

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Sovryn DLLR Live

Sovryn | DeFi for Bitcoin @SovrynBTC

1/ A new era of stablecoins has arrived! The #SovrynDollar (DLLR) is a game changer. A decentralized, #Bitcoin-backed dollar you can truly own. 🚀 Live… NOW! Say goodbye to centralized #StableCoin drama & hello to unmatched security & reliability. Curious? Read on! #DeFi

Bitcoin sidechain-based lending protocol Soveryn launches DLLR, a stablecoin comprised of two bitcoin-backed USD tokens (DOC and ZUSD).

Shanghai Mainnet

timbeiko.eth @TimBeiko

@EthCatHerders @parithosh_j Teams were ready to move to mainnet, and so we've agreed to fork on slot 6209536, scheduled for April 12, 10:27PM UTC. Expect client releases in about a week, and a full announcement ~10 days from now 😄

timbeiko.eth @TimBeiko

6209536 4/12/2023, 10:27:35 PM UTC

The ADCE call ended yesterday, and devs have confirmed the launch of the Shanghai mainnet upgrade to be on April 12 at 10:27 PM UTC.

Maker Putting More Into Treasuries

Maker @MakerDAO

Maker Governance approved an extension from $500 million to $1.25 billion for its US Treasury investments 🗳️ vote.makerdao.com/polling/QmNTSr… In this process, MakerDAO would use $750 million of USDC in the PSM to acquire more US Treasury bonds, thus diversifying DAI's liquid backing.

MakerDAO passed the $750m increment on US treasury investments.

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