What Happened on Feb. 6th|Multiple DeFi Protocols Announce Partnership to Have 'Experiment in Social Coordination'

TI Research

On February 6th, multiple DeFi protocols, including Maker, Lido and more, announced partnership to have an "experiment in social coordination". Trader Joe integrated LayerZero with $JOE evolving into an omnichain token. Stargate's proposal regarding the reissuance of $STG got passed. Visa is testing a settlement system for large $USDC payments on Ethereum.

DeFi

  • Multiple DeFi protocols announce partnership to have an "experiment in social coordination".
  • Injective brings Solana assets to the Cosmos ecosystem.
  • Aave V3 on Ethereum will add support for $cbETH.
  • Trader Joe integrates LayerZero: $JOE evolves into an Omnichain Token.
  • Stargate's proposal regarding the reissuance of $STG got passed.
  • Platypus launches $USP stablecoin.

CeFi

  • Visa is testing a settlement system for large $USDC payments on Ethereum.
  • FTX Debtors ask politicians who received SBF donations to return money.
  • FTX users' debt token, $FUD, faces skepticism from the crypto community.
  • $BTC trades for over 17.1M Naira ($36,686) on Nigerian crypto exchange NairaEx.

Infrastructure

Metaverse & NFTs

  • Louis Vuitton will launch the 200th anniversary NFT collection with Yayoi Kusama.
  • Ordinals, a Bitcoin NFT project, minted 1,400 NFTs daily, spurred heated debate.

Policy & Regulation

DeFi

Ethereum

DEX

Exchanges

Stablecoins

Lending

Staking

Cross-Chain

Solana

Cosmos

FTX

Bitcoin

Layer 2

NFT

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

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