The post What’s Happening in DeFi? dYdX, 3Jane, MakerDAO, and More appeared on BitcoinEthereumNews.com.

The decentralized finance (DeFi) sector continues to evolve, with several significant launches and updates making waves. BeInCrypto has examined the latest happenings, providing a comprehensive overview of the most noteworthy developments in the DeFi space. From the launch of dYdX’s Android app to 3Jane’s derivatives yield layer, the sector is brimming with innovation and progress. Term Structure’s Mainnet Launch Term Structure has now launched its mainnet on Ethereum (ETH). This marks the debut of the first market-driven, institutional-grade fixed-income protocol. It is changing how lenders and borrowers manage liquidity in DeFi. This platform lets users borrow tokens at fixed rates and terms using their liquid staking tokens (LSTs) and liquid restaking tokens (LRTs). They can also earn points and staking rewards. The auction mechanism in the primary markets facilitates borrowing and lending. Additionally, the secondary markets offer a real-time order book. This feature enhances liquidity by supporting the trading of fixed-income tokens. Read more: Top 11 DeFi Protocols To Keep an Eye on in 2024 With this launch, Term Structure aims to set new global standards in liquidity management. It enables users to lock in a fixed cost of funds. This move is crucial for leveraging opportunities to possibly earn higher floating annual percentage yields (APYs) or capitalize on token price appreciation. “Our mainnet, designed to cater to institutional clients, traders, and retail investors, marks a pivotal development in DeFi. It allows users to leverage their digital assets with fixed rates and terms,” Jerry Li, Term Structure CEO, said. Term Structure is a fixed-rate lending and borrowing protocol powered by a customized zero-knowledge (ZK) rollup, zkTrue-up. The Taiwanese DeFi platform specializes in non-custodial fixed-income protocols for peer-to-peer borrowing and lending. dYdX Android App Launch and Chain Upgrade On another front, dYdX, a perpetual trading decentralized exchange (DEX), now offers its…

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Filed under: News - @ June 4, 2024 11:10 pm