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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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Smart contract automator Gelato brings liquidity management to Zerion

The partnership enables Zerion’s retail users to provide liquidity without the fear of volatility.

Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with DeFi aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges like Uniswap. 

The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP positions at a massive scale,” they said.

Gelato Network has been designed to address liquidity challenges in cryptocurrency markets emanating from extreme price volatility. Wild price swings, like the kind we saw in May, make it difficult for retail liquidity providers to offer concentrated liquidity on decentralized exchanges without opening themselves up to significant risks. The company explained:

“Dapps powered by Gelato Network address this shortcoming, by allowing users to have the same capabilities as professional liquidity providers by automating the process of fee compounding and rebalancing around the current price.”

Zerion has emerged as a popular aggregator in the DeFi market. It claims to have powered over $750 million in volume since launch.

Related: DeFi aggregator Zerion snags $8.2M in Series A

Zerion concluded a highly successful Series A funding round last month led by Mosaic Ventures with participation from Digital Currency Group and Blockchain.com Ventures.

DeFi continued to be a magnet for capital and new users in the second quarter despite a massive decline in digital asset prices. By June 30, DeFi protocols had been used by 2.91 million Ethereum addresses, according to new research by ConsenSys. Non-custodial wallets also registered significant user growth, with MetaMask recording 8.5 million monthly active users by the end of July.

Related: How cross-chain liquidity aggregation can shape the future of DeFi

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