DeFi
Hegic Interest Soars on Yearn Partnership
Hegic is back with a bang. Demand for the protocol, which temporarily suspended activity after a bug earlier this year, is soaring as its partnership with Yearn Finance’s rockstar founder compounds with increasing demand for trading protection. The HEGIC governance token has more than doubled over the past 30 days, after founder Molly Wintermut and…
A New Andre Cronje Beta Project, a New Token That Pumps
As has become all too common in DeFi, Yearn founder Andre Cronje is tinkering with a new project and speculators are rushing to buy its token —aka aping in— before it’s even live. The project, called Keep3r Network, is a decentralized coordination ecosystem for projects to find developers that will work on their upkeep. “Projects…
Bancor Aims to Eliminate Impermanent Loss With Upgrade
Bancor has unveiled the next step in their new AMM design. The 2.1 release introduces an elastic BNT supply, used to cover impermanent loss for LPs through a mechanism called Liquidity Protection. The update builds on the ability to add single-sided liquidity, or using one token to pool liquidity instead of two like Uniswap. LPs…
Snapshot Gets $200k From Aragon and Balancer for Governance Standards
Off-chain voting solution Snapshot got a stimulus boost thanks to $200k in funding from Aragon and Balancer yesterday afternoon. Both teams have pledged $100k in their native tokens, ANT and BAL, into a 50/50 Balancer pool to be used by Snapshot for future funding. @SnapshotLabs to get $200k in funding in a 50/50 BPT of…
DeFi is About to Get More Tokenized Indexes
Set Protocol is doubling down on the success of the DeFi Pulse index by launching a new project – the Index Coop – focused on creating accessible crypto indexes. Tokensets, a platform for users to purchase sophisticated trading strategies in the form of ERC20 tokens called Sets, recently deployed the DeFi Pulse Index (DPI), a…
YAM Finally Finds Fertile Ground After Succesful Rebase
Yam Finance’s first successful monetary exercise yesterday marks a new start to DeFi’s original food-based token YAM is an experiment in rebasing cryptocurrencies, plus token incentives (aka yield farming) to drive liquidity, plus full on-chain governance, plus a DAO-like treasury managed by token holders. It’s also testing the power of the emoji. Its Aug. 11…
Cream Finance Crosses $300M in Deposits
What happens when you fork Compound and add lending pools for DeFi’s most degen assets? You get Cream Finance. In under a month since launch, Cream has aggregated more than $300M in TVL, according to DeFi Pulse, largely thanks to CREAM liquidity mining rewards. Image source: DeFi Pulse What started as a lending protocol for…
$SUSHI – The Ballad of Chef Nomi – Defi’s Greatest Ever Story
This is The Defiant x Harmony, a weekly series brought to you by Harmony Protocol’s Creative Director, Robin Schmidt, and Camila Russo, the founder of The Defiant, to explore DeFi’s most important stories and demystify this exciting emerging financial space.
DeFi Protocols Are Testing New Token Sale Mechanisms
DeFi protocols Perpetual and Hegic are listing their tokens with new distribution mechanisms aimed at reducing front running and price speculation. Perpetual Protocol, a decentralized perpetual contract trading protocol that allows up to 20X leverage on long and short positions, will be the first DeFi project to list its token via a Balancer Labs-based Liquidity…
UMA & REN Team up for Bitcoin-Based Yield Dollar
UMA and Ren Protocol are teaming up to offer a Bitcoin-backed stablecoin. The price of UMA’s uUSD stablecoin will tend towards $1 as it approaches its maturity date, and will be redeemable for $1 of the collateral asset at expiry. In the meantime, the asset fluctuates in value in line with market demand. In the…
