Traders Pour $200M+ in Complex Multi-Yield-Level Projects in Two Weeks

Hello Defiers! Here’s what’s happening in DeFi,

• Saffron Finance and Barnbirdge lead the charge in a new, risk tranch-based category of DeFi investment
• Yearn announces yet another merger in its path to become a DeFi mega-bank
• DeFi liquidations soared to a record $92M yesterday and Compound was the hardest hit
• Gnosis and Idle announce plans to decentralize governance

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Traders Have Poured Over $200M Into New Risk Hedging DeFi Protocols in Two Weeks

Analyst Nick Chong dives into a new investment category in DeFi: yield optimized by risk level, led by Saffron Finance and Barnbridge. Both projects have attracted several millions in the short time since their launch. Chong dives into how these projects work and their performance so far. He also goes into what’s behind Saffron’s SFI token 1,000% rally since launch, and outperformance relative to Barnbridge’s BOND.

READ THE STORY IN THEDEFIANT.IO

Yearn is Becoming a DeFi Mega Bank as YFI Slumps

Yearn Finance yesterday announced a partnership with Compound Finance fork Cream. It’s the latest in a series of mergers and partnerships that’s making Andre Cronje’s project into a multi-purpose DeFi platform —but token holders aren’t celebrating.

Thanksgiving Day Selloff Triggers Record DeFi Liquidations

The most collateral ever was wiped out from DeFi protocols yesterday amid a broader market sell-off —so much for gloating about crypto at the Thanksgiving table.

GnosisDAO Community Now Controls Most of its Treasury

By Sydney Lai

Gnosis joins a wave of DeFi companies launching decentralized autonomous organizations to give control of their communities over governance.

Idle is Latest DeFi Protocol to Unveil DAO and Token

Idle Protocol yesterday announced it will be managed by a decentralized autonomous organization powered by the IDLE token. IDLE token holders can vote through self-delegation or can delegate their vote, which each token representing one vote. Token holders with 1% of IDLE owned or delegated to their address can create a proposal, as long as they hold the tokens during the entire voting process. Idle Improvement Proposals, or IIPs, are executed if the majority of voters cast a “For” vote and at least 4% of the total voting right supply [520'000 IDLE] participates.

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About the founder and editor: Camila Russo is the author of The Infinite Machine, the first book on the history of Ethereum, and was previously a Bloomberg News markets reporter based in New York, Madrid and Buenos Aires. She has extensively covered crypto and finance, and now is diving into DeFi, the intersection of the two.