The Optimism team has announced via Twitter on June 8, 2021, that Uniswap V3 is now live on the OptimismPBC mainnet. Uniswap v3 (UNI) Live on Optimism
Decentralized finance platform, Uniswap v3 has been successfully deployed to the OptimismPBC mainnet, to offer users of the leading automated market maker even more transaction fee reduction.At the time of writing UniswapV3 transactions on OptimismPBC are still very scanty, with some observers attributing the meager transaction volumes to the late launch of the Optimism Ethereum layer-2  platform.It will be recalled that Uniswap V3, the third upgrade of the leading decentralized exchange went live earlier in May 2021. Uniswap V3 is loaded with several features, with concentrated liquidity being the most notable one, as it makes it possible for liquidity providers to provide liquidity on customized price ranges, thereby making the most of their assets. At press time, a total of $1.67 billion is locked on the Uniswap V3 protocol, according to DeFi Llama. Source

Yearn Finance, a suite of DeFi products that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain., today announced it has launched its bounty program with Immunefi, a leading bug bounty platform for smart contracts and DeFi projects.
This Yearn Finance bug bounty includes bounties ranging from $100 to $200,000…
The size of the bounty payout depends on the assessment of the severity of the exploit. Besides, the Yearn team will study the likelihood that a bug could have a meaningful impact on availability, integrity, and/or loss of funds. After this is considered, then a final decision on a payout amount will be made. Note, all payouts will be supervised by Yearn Finance and will be paid out in USD.Source

Curve Finance, a decentralized exchange popularly used for trading stablecoins, has launched on Fantom and xDai’s growing ecosystems.Curve’s Multi-Chain Future
Curve Finance has released an identical version of its decentralized exchange on Fantom and xDai.
On Fantom, three pools are available, while xDai has only one: the protocol’s DAI, USDC, and USDT pool. With the proper incentivization mechanisms, the protocol should drive significant liquidity to the two chains.When Curve ported its protocol to Polygon, the move contributed to the Ethereum scaling solution’s exponential growth. The decentralized exchange provides deep pools of liquidity with minimal price slippage even on large transactions. A month after it had launched on Polygon, many yield farmers migrated from Ethereum and Binance Smart Chain.
As both Fantom and xDai are Ethereum Virtual Machine compatible, porting an Ethereum-native protocol like Curve doesn’t require rewriting most of the code. Minimal changes are sufficient to release a working product.Source

As the cryptocurrency market largely continues to remain in stasis, some decentralized finance (DeFi) tokens—such as Maker (MKR), Compound (COMP), and Aave (AAVE)—broke the mold today and are seeing noticeable growth.
At press time, MKR, the governance token of popular Ethereum-based platforms MakerDAO and Maker Protocol, is trading at around $2,544, up 11% on the day, according to crypto metrics platform CoinGecko.
Data provided by decentralized finance analytics platform DeFi Pulse shows that Maker is currently the third-largest platform in the sector, with $6.65 billion of value locked on it currently. In its turn, Aave, a multichain Ethereum-Polygon DeFi lending platform, occupies the top spot with $10.32 billion of value locked. Its native governance token AAVE, meanwhile, is trading at roughly $236, up around 5% on the day. The price of COMP, the governance token of the Compound protocol which is currently ranked 5th by DeFi Pulse with $6.34 billion in locked value, also surged by 16% today, and currently stands at around $338.
In general, the DeFi tokens’ strides today surpassed most of the major cryptocurrencies from the top 10. Bitcoin, for example, continues to wallow around $33,500, down roughly 3% on the day. Ethereum, the second-largest digital asset by its market capitalization, hovers around $2,100, down 1% over the past 24 hours.Meanwhile, Binance Coin ($287, -1%), Cardano ($1.34, +1.2%), Dogecoin ($0.25, +0.8%), XRP ($0.66, -0.5%), and Polkadot ($15.4, -0.2%) largely remain locked in their current price corridors, albeit slightly on the “red” side. This past quarter has delivered a pummeling for cryptocurrencies in general—to put it mildly. Bitcoin, for example, has demonstrated its worst Q2 performance since 2018 by opening the three-month period at $58,800 and closing it at $35,171.Source

Flare Finance announced a partnership with PAC Protocol to join F-assets such as Cardano, DOGE, XRP and Litecoin. This protocol is the world's largest data distribution network. A statement to that effect was made on the community's official Twitter page. Thus, by joining F-assets, Flare Finance through PAC Protocol will be able to create bridges between communities, where network users will be able to interact with DeFi products. As part of our new @FlareFinance partnership, $PAC joins F-assets like #Cardano,,, and to bridge communities, where users can interact with products.
We're proud to be initially joining as a Wrapped Asset harnessing the potential of the! pic.twitter.com/oPwjmn5y28
— PAC Protocol (@PACcoinOfficial) July 1, 2021
Also, PAC Protocol said they are proud to join F-assets as a wrap-around asset leveraging the potential of the Flare network! Note that PAC is indeed a Y-asset, mentioned above as a Wrapped Asset, joining the same ecosystem as the F-assets in the Flare Network. In addition, in the Flare Finance Network, Y-assets have a bridge on their own platform.source

The head of the Monetary Authority of Singapore (MAS) is bullish on decentralized finance (DeFi), and that central banks and regulators can potentially shape this decentralization. Earlier this week, Ravi Menon, Managing Director at Singapore's central bank, gave remarks at the “Decentralised Finance and the Future of Money” panel at the Andrew Crockett Memorial Lecture by Mark Carney via Video Conference. Here, he talked about centrifugal forces driving financial functions away from the traditional core and affecting all aspects of the monetary system. “The delivery of retail financial services is being decentralized,” said Menon, explaining that it is happening in two ways. One is by non-financial players, including big tech, fintech, and smaller technology firms which are often unregulated and providing payments, lending, savings, and investments as complements to their core digital service. The second is regulated financial players who are reinventing their business models and leveraging on technology to offer an array of non-bank digital platforms in an attempt to reach new customers at lower acquisition costs. “Central banks and regulators should welcome both these developments,” said Menon, adding, regulators also need to be on alert about new sources of risk. What needs to be done is “adapt our regulatory approaches,” including paying greater attention to market conduct, consumer protection, and technology risks and making regulatory frameworks more modular and agile.Source

The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global financial system. For consumers, this system runs through their retail bank. It is where most people save, spend and pay their taxes. This is the battleground for the coming fight: the battle for global consumer deposits.Make no mistake, this will be the fight of the century. It will change the shape of the world more fundamentally than the internet has already. The internet was about information. DeFi is about capital — and as we all know, money is power.Today, most people either hate or are indifferent to their bank. That is probably because they fine you for tiny mistakes, keep you on the phone for hours, give you the worst interest rates imaginable, and provide you with a user experience that borders on hostile.That is not always the fault of the bank. Consumer regulation and controls have been mounting to the point that compliance is often one of the biggest cost centers for all retail banks. Such institutions cannot innovate because they are built to resist change, not to embrace it.Source

Although the price of Bitcoin (BTC) continues to hover around $30,000, industry experts are noting that there is a bullish long-term view. To put this into perspective, Alex Mashinsky, chief executive officer and co-founder of Celsius – the centralized cryptocurrency lending platform – told Cointelegraph at Bitcoin 2021 in Miami that he sees Bitcoin reaching $160,000 this year, or possibly a bit lower. “We haven’t seen the highs yet for 2021,” Mashinsky said.
Mashinsky further remarked that the crypto market was bound for a correction, following Bitcoin’s recent all-time high of over $63,000: “When you go too high, too fast, you are bound for a correction. You can see my tweets in both March and February saying ‘we’re going to have a crash, we’re going to have a correction.’ I predicted $30,000. Bitcoin is like a spring – we stretch it too much and we put too much leverage. Too many people got greedy.Source