This Week in DeFi – July 16 – DeFi Rate

To the DeFi community,

This week, Uniswap V3 soft launched Optimism L2 integration, bringing instant trades and fees up to 10x lower than a comparable transaction on Ethereum L1. Uniswap Optimism will continue to scale up in the coming weeks and may experience unexpected downtime, and comes with the known limitations of L2 providers like requiring a week to withdraw back to L1. But it’s a big step forward in the scalability of the world’s most popular DEX. 

🌹 Roses are red
💎 Violets are blue
⏰ You’ve all been waiting
🦄 @Uniswap on L2https://t.co/YLpwJIoPiH

— Optimism (@optimismPBC) July 13, 2021

Harvest Finance V2 launched this week, bringing a major visual refresh and UX improvements to make yield farming easier than ever. V2 brings new ways to search for Harvest strategies, sort through categories that use different assets and platforms like BSC and Polygon, and an improved deposit process to aid new users.

1/ We are thrilled to announce a new evolution of Harvest and the #farmlands teased as “V2.”

For the past 12 months, we’ve worked hard on proving Harvest’s protocol delivers cutting-edge yield farming opportunities while making it easier and accessible for any user type. pic.twitter.com/1j2ifpQwKe

— Harvest Finance (@harvest_finance) July 12, 2021

Shapeshift, one of the oldest token swap providers in the crypto industry, announced plans to fully decentralize, gradually open-sourcing contracts over the coming months and airdropping tokens to more than 1 million eligible addresses, including protocol token holders for Uniswap, SushiSwap, Yearn, Aave, Alchemix, 1inch, Curve, Balancer, and 0x projects. See if you’re eligible!

.@ShapeShift_io wants to dissolve its corporate structure and become 100% crypto native over the next couple of months.

To hand over governance to its community it has just airdropped over 70% of the $FOX supply to various DeFi users.

Check eligibility: https://t.co/nIgyOPnvK8 pic.twitter.com/OIErq7DQMj

— DeFi Airdrops (@defi_airdrops) July 14, 2021

And asset management provider Set Protocol integrated with Polygon, bringing more managed investment capabilities to the leading Ethereum scaling solution. In addition to speeding up transactions and lowering costs, the deployment will also bring additional liquidity to Set strategies, ensuring smooth operation of the various positions and trading strategies.

1/ We are excited to announce that TokenSets has launched on Polygon! 🚀 TokenSets enables investors and portfolio managers the ability to interact with the future of asset management via the scalable and flourishing ecosystem that is @0xPolygon

📰 https://t.co/4mqUH37I1Q

— Set ⚖️ (@SetProtocol) July 13, 2021

If you’ve been navigating the crypto seas for some time now, you might be familiar with the advantages of Web3 infrastructure – decentralization and asset custody of course, but also the client-side unified login that makes connecting to DeFi…