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Decentralized exchange Curve released on Wednesday the whitepaper for the second version of its protocol, which will try to combine two popular asset swap models into a hybrid. The DEX’s new functionality allows for low-slippage swaps between “volatile” assets and assets with ever changing prices, and could provide greater liquidity by using a dynamic peg. The new model has already been deployed on a USDT/wETH/wBTC pool on Ethereum. The second iteration of Curve has already been integrated with DeFi platforms ParaSwap and DeBank.

Ever since PancakeSwap released its second version it has seen an incredible growth, and on Monday Dappradar reported the platform had interacted with more than 1.1 million unique active wallets in the last seven days. The Binance Smart Chain-based automated market maker had also generated over $278 billion in volume in the same time period, overtaking its Ethereum competitors Uniswap and SushiSwap. The growth of the platform can also be noticed from the massive token burns it does every week as well. On Tuesday PancakeSwap burned more than 5.5 million CAKE tokens (around $94.3 million), $3.2 million of which were bought back from the CAKE market using the platform’s trading and prediction fees.

Alpha Homora began the week by adding leveraged yield farming of ETH/MKR and ETH/USDT pools on Uniswap and SushiSwap, enabling users from the V1 pools to start migrating to V2 to earn around twice the ALPHA rewards. On Tuesday InsurAce became the first entity to offer Alpha Homora V2 users the ability to insure their liquidity pools and yield farms. Friday marked the launch of Alpha Homora’s new DeFi incubator program, the Alpha Launchpad, which will help emerging DeFi projects fine-tune their ideas, provide business and technical consulting, and guide the teams in creating innovative token economics.

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On Thursday Vesper Finance announced the end of its USDCv3 beta, which served as the first live testing of the platform’s new multi pool strategy. As a result of the beta, the new strategy can now be part of the original USDCv1 pool. The platform has also removed the withdrawal fee for the 150 beta testers, that now need to migrate their assets back to the USDCv1 pool.

Ever since it was launched back in May, SushiSwap’s MISO token launchpad has continued to grow in popularity. Throughout last week SushiSwap has announced seven new projects that will host their IDO’s on MISO, including Sunder Protocol, iTrust Finance, Trace Network, Volatility Protocol, Attrace Network, iBetYou, and NFBible.

After the market volatility on 18 May, the Venus protocol had lost around $77 million, with two addresses ending with a significant shortfall in their funds. On Tuesday the platform put forth a Recovery Proposal, according to which XVS tokens will be released from the Treasury through the Grant Program to cover the loss of the two addresses. As to not impact the price of the token, Venus plans to inject 3.3 million XVS tokens over the period of 9 months. The existing income in the Venus fee treasury will also be used to cover any remaining shortfalls.

Wednesday marked the 50th day since the launch of BadgerDAO’s Bitcoin Bridge. Since its release, the so-called Badger Bridge has facilitated more than $200 million worth of Bitcoin transactions.

Bancor began the week by whitelisting RARI, the native token of NFT marketplace Rarible. The new RARI/BNT pool offers users single-token exposure and protection from impermanent losses.

The proposal to reduce Uniswap’s UNI proposal submission threshold from 10 million tokens to only 2.5 million passed on Thirsday with an overwhelming support from the community. While its much easier to put forth a proposal now, the proposal did not reduce the quorum threshold, which remains at 40 million votes.

Both Aave Grants and Compound Grants announced their support for the 30 day HackMoney hackaton, which is organized by ETHGlobal. Hackers building decentralized applications will now have the chance of winning more than $150,000 in prizes.

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