Finance Redefined: Layer-two growth and the SEC’s scrutiny, Sept. 19–23

Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.
In a week where DeFi’s parabolic growth continued, elsewhere, the United States Securities and Exchange Commission Chair Gary Gensler threatened to tackle stablecoins.

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Offchain Labs Launches L2 Arbitrum One With $120M Funding – BeInCrypto

Ethereum scaling solutions provider Offchain Labs has launched its long-awaited Arbitrum One Portal to mainnet following a massive funding round.
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In an announcement on Aug 31, Offchain Labs declared the highly anticipated Ethereum Layer 2 platform live on the public mainnet.

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These Ethereum Projects All Go Live on Arbitrum This Month | Crypto Briefing

Key Takeaways

Ethereum scaling solution Arbitrum is set to launch later this month.
73 projects are ready to deploy, providing a complete ecosystem from launch.
As more scaling solutions come online, activity is expected to shift away from the main Ethereum network.

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dYdX Airdrops New Governance Token to 64,000 Users | Crypto Briefing

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Onboarding Millions on Layer 2 Solutions: Interview with DODO Founder | Crypto Briefing

Key Takeaways

DODO is set to launch on Arbitrum, and believes that Arbitrum will surpass people’s expectations.
While initially, liquidity will be spread between layer 2’s and sidechains like Polygon or BSC, if layer 2 delivers it will eventually prevail.

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Lyra Finance Raises $3.3M for Layer 2 Ethereum Options – BeInCrypto

The latest decentralized finance (DeFi) protocol to draw in the big venture capital investors is Lyra, which plans to launch layer 2 options trading on Ethereum.
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Lyra announced the funding round success on its blog on July 26. The round which netted $3.

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