# The latest developments in DeFi 

By [bagod.eth](https://paragraph.com/@bagod.eth) · 2023-08-17

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**The latest developments in DeFi** • **BNB Chain** has announced the launch of opBNB mainnet. OpBNB is a L2 scaling solution for the BNB Smart Chain • **Unibot** has released Unibot X, a unified trading terminal. Unibot X’s goal is to improve the trading experience for degens •**Linea**, the L2 built by Consensys, completed the final stage of its mainnet launch. Consensys is the developer of many successful products such as Metamask • **Sei Network**, a new alt-L1, launched its mainnet beta and the [$SEI](https://twitter.com/search?q=%24SEI&src=cashtag_click) token. The features that make Sei stand out include its orderbook matching engine infrastructure and its front-running prevention • **Synthetix** DAO has voted to deploy V3 on Base. At this moment, Synthetix is live only on Optimism and Ethereum • **ZetaChain**, a new L1 blockchain, has raised $27M in funding. ZetaChain aims to solve the fragmentation problem by enabling to build cross-chain interoperable dApps • **Shibarium**, $SHIBA’s L2 blockchain, went live on the mainnet. However, the launch is definitely not successful, with the network bridge having issues • **Injective** released its largest tokenomics

de yet, increasing the amount of INJ burned weekly. The new upgrade enables all Injective dApps to contribute to the [$INJ](https://twitter.com/search?q=%24INJ&src=cashtag_click) burn auction • **Debank** launched the testnet of its own L2, built using the OP Stack. Interacting with it early might make you eligible for an airdrop. • **PancakeSwap** has launched on Arbitrum • **Mori**, a novel LSDfi protocol on Ethereum, is live on alpha mainnet. Mori divides the volatility of ETH into low-volatility stable assets and high-volatility derivative assets • **Convex Finance** announced the launch of cvxPRISMA, a tokenized version of staked [$PRISMA](https://twitter.com/search?q=%24PRISMA&src=cashtag_click) that’s similar to cvxCRV. [$PRISMA](https://twitter.com/search?q=%24PRISMA&src=cashtag_click) is the token of Prisma Finance, an upcoming LSD-backed stablecoin protocol • **Yearn Finance** proposed to release Yearn V3 and enable the permissionless deployment of yield-generating vaults. [$YFI](https://twitter.com/search?q=%24YFI&src=cashtag_click) price barely moved after the news

• **Pendle Finance** has launched on Optimism. Pendle is a popular yield trading protocol

![](https://storage.googleapis.com/papyrus_images/df3e60cd9ea8312e8a581cde0b0d3460.png)![](https://images.mirror-media.xyz/publication-images/LTUV8IQ4ikc1CqibRE3XW.png?height=439&width=786 "null")

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*Originally published on [bagod.eth](https://paragraph.com/@bagod.eth/the-latest-developments-in-defi)*