Multiple DeFi protocols together with MakerDAO, SushiSwap, and Balancer concurrently posted photos of “fist bump” with totally different background colours on their official Twitter accounts on Saturday. The decentralized finance platforms trace at an upcoming large announcement associated to the DeFi market on Monday, February 6.
While different DeFi protocols simply posted the image, Gearbox Protocol added some further hints. Gearbox in a tweet on February 4 stated it’s only a flash mob organized by decentralized finance DAOs a couple of first try at coordination within the decentralized finance business.
“In case you are confused: this is just a fun DAO flashmob happening with some other awesome DeFi projects (as you could have noticed already). A first attempt at coordination, as to speak. But maybe marketing contributors could actually prepare something cool for Monday anyway.”
Crypto Twitter Speculates About Upcoming DeFi Announcement
The DAO flash mob has confused folks why all DeFi platforms have posted the same “fist bump” image. Some crypto lovers speculate that it’s doubtless associated to Arbitrum’s upcoming token launch or a number of DeFi initiatives planning to type an alliance.
Arbitrum is a Layer-2 Ethereum scaling resolution geared toward tackling unaffordable excessive transaction charges and congestion on Ethereum. It additionally provides a collection of Ethereum scaling options which might be safe, quick, low-cost, and EVM-compatible.
While the main points on the DeFi venture or collaboration are nonetheless restricted, Gearbox Protocol advertising contributors might truly put together one thing fascinating for Monday amid the massive DeFi news.
The final 12 months was troublesome for the DeFi business because of hacks, scams, and liquidity disaster amid the Terra-LUNA and the FTX crash. According to DeFiLlama, the total value locked (TVL) in DeFi fell from over 180 billion in January 2022 to beneath $40 billion in December 2022.
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Arbitrum-Linked GMX Token Skyrockets 15%
Arbitrum has no native token, however an increase in Arbitrum community exercise is related to the GMX token. Decentralized perpetual trade GMX’s native token GMX skyrocketed over 15% within the final 24 hours, with the present value buying and selling at $73.65. The 24-hour high and low are $64.26 and $75.92, respectively.
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