Can new introductions from Aave and Sushi herald the comeback from Defi?

Can new introductions from Aave and Sushi herald the comeback from Defi?

Since defi projects have lost their shine and the trading volume has dropped, two new blue chip protocols are trying to attract large money investors.

A new product of the DAO team from Sushi has started its beta version on the polygon-proof-of-stake-blockchain. A new set of money legis for the defi room, the project called Trident, is charged as a "production framework for the construction and use of AMMS".

aave V3 has now been introduced on six different chains and enables a variety of new functions but also cross -chain transactions.

The two protocols, respected defi projects (decentralized finances) that come from the “Defi summer” in 2020, together have a blocked total value of around $ 16 billion-although their DOO government token (decentralized autonomous organization) has dropped.

sushi is about 88 % lower than its March 2021 Highlight of 23.05 $, while Aave has fallen by May 2021 Highlight of $ 631.26 per coingecko.

Since the hype has faded around so-called Defi 2.0-up start projects such as Olympusdao and Wonderland in recent months, the product launches could signal a relocation back to industry stars.

a refreshing sushi

The community of developers and sushi supporters has had a difficult phase since a restructuring of management last year, in which the co-founder of Sushi and his Chief Technology Officer returned in December.

This inevitably led to delays in progress in the direction of Trident, but the DAO team quit the rollout of the beta version of Group Wednesday.

This system can ever need someone to create any [automated market maker], ”says the blog. In contrast to the previous version, Trident allows everyone to create a liquidity pool, similar to uniswap. Not how unisvols the pools have an imbalance of the tokens rather than a 50-50 division-a characteristic of another competing decentralized stock exchange, Compensation .

It is expected that the complete range of functions will be made available after completion of the safety tests, and Trident is finally transferred to other chains such as the Ethereum Mainset.

aave adds further Ethereum compatible chains

aave reveals his third generation app this week. The DAO community of AAVE approved provisions on polygon as well as Ethereum Layer-2S Arbitrum, Optimism and other Layer 1 networks that are compatible with the virtual machine from Ethereum-Fantom, Avalanche and Harmony. The provision in the Ethereum Mainset is still in progress.

The goals of V3 include "higher capital efficiency, increased security and cross-chain functionality," it says The announcement .

"This is a huge milestone for one of the most popular liquidity protocols in Defi and promotes our mission to make Defi accessible to the next hundreds of millions of people," said Sandep Nailwal, co -founder of Polygon, in a explanation.

An outstanding feature is the "Portals" function, which enables it to make it easier for bridging protocols to facilitate cross-chain transactions, so that assets can easily flow between different blockchains within AAVE without having to take off, bridge and deposit assets in separate transactions.

The "High Efficiency Mode" of the app enables borrowers to gain greater purchasing power if they use similar assets such as stable coins as security.

"Isolation Mode" addresses one of the culprit behind many high -quality exploits - most recently the Lossing Aave fork on the side chain of Gnosis Ethereum-which has to do with the listing of new collateral, which turns out to be unsafe. Due to the forecasting of certain asset categories, V3 limits the risk.

On the security front was the V3 code of Aave checked by several companies How Sigma Prime, Trail of Bits, Open Zeppelin, Abdk and Peckshield, and was verified by Certora.

his open source code is under a business license similar to that of Uniswap V3.

As with the prevailing V2, AAVE V3 is integrated into popular Defi apps and dashboards, including 1inch, Debank, Defisaver, Instadapp, Paraswap, Zapper and Zerion.

"I am incredibly excited about what this means for the future of the Aave protocol and the Aave community as a whole, both in terms of its scalability and its flexibility if the space develops", Nicolò Stewen, Director of Strategy at Aave