VanEck launches digital assets equity ETF

Europe has its first themed ETF, and it’s all about DeFi. Aptly named DAPP, Van Eck’s new ETF launched on the London Stock Exchange and Deutsche Boerse. DAPP follows “MVIS Global Digital Assets Equity index”, a recently launched index which currently includes 26 pure-play digital asset companies. This includes miners, trading platforms, hardware manufacturers, holding and trading specialists, payments, patents/ services solutions, and even bankers. While no obvious actual DeFi protocols are currently part of the ETF, the infrastructure and companies included pave the way for protocol tokens to be included. Further, Van Eck also filed for an Ethereum ETF this week.

Yearn’s earnings quarterly report 2021

It’s atypical for any crypto project to put together and release an earnings report reminiscent of traditional finance (or TradFi, to crypto folks). However, the yearn finance DAO ($YFI) did just that. With their report, the public can take a deep dive into important metrics and reporting from the team. Being published on github furthers the new nativeness of reporting in crypto (it’s happening on open source platforms!). This is Yearn’s second report of this nature. Yearn is a popular DeFi asset that interoperates with many other popular DeFi products to provide yield aggregation for users and protocols alike.

Sushi launches a bridge with Polygon to facilitates instant, gasless transactions on Ethereum

We talked about Polygon on our last DeFi Drop, the suite of services enabling instant, gas free transactions across Ethereum and DeFi via what’s known as Layer 2 (L2) solutions. Now Sushi Swap, a leading AMM exchange in DeFi, has partnered with Polygon to offer their users instant, gas-free transactions for popular DeFi activities such as yield farming and liquidity mining.  By partnering with Polygon, Sushi users are already getting a taste of what the L2 future has in store for DeFi.

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