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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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DHedge scales up on Polygon, integrates with SushiSwap

dHEDGE’s “v2” Polygon deployment boasts a SushiSwap integration enabling asset managers to access Sushi’s DEX and yield farming functionality.

Decentralized asset management protocol, dHEDGE, has launched its V2 deployment on Polygon. The new platform also boasts an integration with popular decentralized exchange, SushiSwap.

Speaking exclusively to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework — which enables v2 users to access whitelisted DeFi DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO).

Andersson emphasized that the GOAT framework will significantly increase the speed with which dHEDGE is able to launch new integrations with third-party protocols, stating:

“It's like a general framework for us to add support for DApps. Instead of having to build specific plugins or connections to DApps, we can use this framework to whitelist DApps.”

Launched in late 2020, dHEDGE’s first iteration exclusively allowed fund managers to speculate on assets provided by the Synthetix protocol. By contrast, v2’s GOAT framework allows fund managers to access the assets and services of any Ethereum Virtual Machine (EVM)-based protocol approved by the dHEDGE DAO, enabling asset managers to provide yield farming services for investors.

At launch, dHEDGE v2 will enable support for SushiSwap’s Polygon-based decentralized exchange and yield farms. The dHEDGE DAO is currently exploring other popular DeFi protocols for potential support.

Related: dHEDGE launches tokenized index tracking its top 10-ranked traders

Andersson noted dHEDGE’s DAO is currently looking into integrating with Aave, noting the decentralized money market would enable asset managers to borrow a wide variety of assets for shorting. He added that dHEDGE plans to launch its v2 platform on additional EVM-compatible chains, noting Eth2, Optimism, and Arbitrum as likely contenders.

Despite the expanded functionality, Andersson describes gas fee mitigation as the primary motivation behind dHEDGE v2, noting the steep fees associated with trading through the protocol on Ethereum’s layer-one.

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