Decentralized Finance (DeFi) is bustling with innovative developments today, showcasing many opportunities.

From innovative lending protocols to strategic mergers and incentivized programs, the sector promises to redefine user experiences. These advancements highlight the relentless evolution of DeFi, underscoring its potential to revolutionize the financial ecosystem.

DeFi Updates

Solana’s lending protocol, MarginFi, has launched flash loans. This development breaks new ground in DeFi lending practices. As stated by MarginFi, “Users can max borrow any supported token without collateral if the loan is repaid within the same block,” and remarkably, there are no fees attached to these transactions. 

In another exciting development, Splits has introduced Swapper on multiple platforms, including Optimism, Base, and Polygon. Swapper, a payable smart contract, enables swapping ETH & ERC20 tokens into a predefined output token. This token is then forwarded to its beneficiary. 

The introduction of Swapper on these platforms could enhance liquidity and accessibility, making DeFi interactions more seamless for users.

Read more: 11 Best DeFi Platforms To Earn With Lido’s Staked ETH (stETH)

For Ethereum 2.0 stakers, there is noteworthy news from Lido. Lido’s wrapped staked ETH (wstETH) is now live on the zkSync Era. This integration is a significant milestone, finally allowing users to bridge their wstETH to zkSync and enhancing transaction efficiency and scalability.

In October 2023, BeInCrypto reported that Lido allowed BNB chain users to use wst

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Author: Harsh Notariya

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