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DeFi News
Aave V3 is About to Pass in Governance Vote
All signs point towards lending giant Aave getting a V3 soon. Voting is now live on Snapshot, with well over 99.9% of the votes supporting the protocol releasing its next iteration.
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New DeFi Lending Protocol Alpha Homora is Quickly Catching Up
You know we’re heading into frothy markets when an otherwise unremarkable tweet sends a token flying. Alpha Homora’s token ALPHA jumped by almost 50% to the highest since its launch in October after the DeFi project tweeted on Monday that 0.39% of ETH supply is locked in its smart contracts. That’s $600M, or 11th in…
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Melon Rebrands as Enzyme and Launches V2
Enzyme Finance, the on-chain asset manager formerly known as Melon Protocol, launched a v2 to include more assets and integrations with a greater number of DeFi protocols. “Enzyme v2 and beyond will provide you with catalysts to be more creative than ever and empower you to monetize your investment talent.” Melon tokens (MLN) will continue…
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Yearn Overhauls Fee Structure in V2
Yearn Finance, the yield farming aggregator, dropped its version two (V2) on Jan. 17, with a slew of changes including a mechanism to funnel staking fees to the protocol’s treasury, meant to make development sustainable in the long term. Yearn’s much anticipated V2 comes with a new fee structure which, while maintaining the same overall…
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Opyn Aims for a More Liquid Options Market in Upgrade
Decentralized insurance platform, Opyn, announced the release of “Gamma Protocol,” second version of its options protocol. The new upgrade aims to add capital efficiency and liquidity to the DeFi options market. Among the changes, Gamma Protocol provides mint options without collateral as long as they are burned before the end of the transaction – similar…
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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…