Polygon announced the launch of its zkEVM scaling solution, bringing scalable, cost-efficient and secure transactions to Ethereum. In this guide, we show you how to connect to Polygon’s zkEVM blockchain with Metamask. Pre-requisites MetaMask extension installed on the browser At least one wallet created or imported Connecting MetaMask to Polygon Switch the connected blockchain by…

The long-awaited Arbitrum airdrop is now live. We’ve covered Arbitrum extensively in the past, and if you have been following our guides, you would have benefitted from the airdrop. The value can range from US$50 to US$10,000 depending on how extensive your interactions within the Arbitrum ecosystem was. Arbitrum x DeFi Edit descriptionstakingbits.medium.com In this…

Arbitrum, a prominent Ethereum Layer 2 scaling solution, has announced plans to airdrop a new token and transition into a Decentralized Autonomous Organization (DAO). The Arbitrum team plans to distribute the new token to users of its platform who have actively participated in using its services, such as liquidity providers…

GLP, the crypto index LP token by GMX exchange has demonstrated the potential of real yield in DeFi — offering a sustainable rate of return since inception. GLP is composed of stablecoins and other crypto tokens like BTC and ETH. Guide to GMX and GLP — decentralized crypto exchange What is GMX?medium.com Investors can stake it to earn from trader losses as…

Undercollateralized borrowing on-chain refers to a revolutionary concept in the world DeFi, where users can borrow funds without having to provide collateral equal to the value of the loan. Sentiment is a protocol that is enables that allows borrowers to access up to 5x leverage to long/short tokens and deploy…

GMD Protocol is a yield optimizing and aggregation platform built on top of existing applications on Arbitrum. Currently, it offers single sided BTC, ETH, USDC vaults built on top of GMX and GLP by offering delta-neutral strategies to aggregate yields from a liquidity pool. Guide to GMX and GLP — decentralized crypto exchange What is GMX?stakingbits.medium.com How GMD protocol works

Lido is launching Lido V2, a new version of its protocol that moves the needle forward in decentralization. Key updates include a new Staking Router which allows anyone to develop on-ramps for new Node Operators, as well as Withdrawal functionality for stETH stakers at a 1:1 ratio. Staking router upgrade The Staking Router…

Optimism announced its second $OP airdrop, distributing 11.7m $OP tokens to 307,965 unique addresses, or about 0.27% of the total supply. A snapshot of addresses was taken on 01–20–2023. The airdrop is part of Optimism’s goal of distributing 19% of its initial governance token supply as the blockchain forges a…

What is GMX? GMX is a decentralized exchange protocol that is currently deployed on Arbitrum and Avalanche, offering up to 50x leverage on tokens using perpetual contracts. Instead of trading actual tokens, users deposit collateral and take long or short positions, depending on their view on the market. …