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DeFinitely 90 - The News in DeFi

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DeFi Top Stories

  • WhiteWhale: Official Statement Regarding Kucoin Listing Rug: In short, we were rugged by a fake Kucoin listing team in a very elaborate scam. We filled out a listing application and we then were invited to a Telegram chat with several supposed Kucoin onboarding agents. Multiple White Whale team members and advisors were invited into the chat. We have notified Kucoin, Twitter, and TFL about this group of malicious actors, and we are currently compiling all of our data and documents and engaging the appropriate authorities.
  • VOID Protocol — Progress Update 2 VOID Progress bannerThe Void team has been working very hard to bring the core platform live to the community as soon as possible. Void Protocol TeamThe primary goal of our team growth is to ensure the timely delivery of the platform for the IDO, TGE and Launch, which are all scheduled for Q1 2022. Our lead developer, Gungod, has taken major strides towards completing the required Zero-Knowledge proofs for securing deposits into the Void Anon Pools. Angel Alliance ParticipationSince the conception of Void, we have been huge supporters of Angel Protocol. It has become quite apparent that POL offers many benefits, and possibly even some extra perks to a protocol structured like Void.
  • PLAAS (1/4): synergies with fiat-backed stablecoins for bridging the two worlds! PLAAS = Peg & Liquidity As A ServiceThe PLAAS is a liquidity mining program to incentivize the pairing of a jFIAT with its fiat-backed (or crypto-backed) stablecoin equivalent, to provide the latter with a peg and high on-chain liquidity. In this article, we will take the example of two fiat-backed stablecoins, EURS and JPYC, respectively a Euro-backed and Japanese Yen-backed stablecoins. For instance, for swapping EURS for WBTC:Swap $X EURS for ~$X jEUR on Curve. Convert ~$X jEUR to ~X USDC on Jarvis. Swap ~X USDC for $(~X - Y) WBTC (where Y is the slippage) on an AMM.
  • Weekly newsletter of Jarvis Network 🧪 - Issue #11 Jarvis DAO becomes liquidity provider Following the proposal p24, Jarvis DAO has deposited 60k USDC in the jJPY liquidity pool on Polygon. The treasury will now receive 80% of the trading fees generated in the Japanese Yen pool. 4 new articles about the PLAAS programWe published a series of 4 articles on our Blog, about our Peg and Liquidity As A Service. These articles will help you understand the strategies behind this program:$100M of swaps! We finished the year with some round numbers: jFIATs exchange volume overpassed the $100M threshold, with $60M on Jarvis Exchange and $42M on secondary markets.
  • Arbix Finance - REKT Arbix Finance labelled themselves as an arbitrage-focused project on BSC, in which users could deposit into single-asset vaults in order “to gain optimal yield with low risk”. Starting around 3 AM +UTC on Jan 4th, the project drained the vaults of users’ funds and deleted their website, Twitter and Telegram accounts. Around $10M in user’s assets were drained directly from the vaults into this wallet, beginning with ~$1M in BTCB. REKT serves as a public platform for anonymous authors, we take no responsibility for the views or content hosted on REKT. REKT is not responsible for the conduct, whether online or offline, of any user of our Website or Services.
  • Glow Yield: 2021 Recap and Upcoming Announcements In today’s post, we are going to break down the main milestones achieved in 2021, as well as the next announcements we’ve prepared for you. Opened our Discord for the first time, providing the community with an open space for questions and discussion. Made Glow Lotto’s testnet public and gathered community feedback. The first of the things we will announce is the date of Glow Lotto’s mainnet launch. January will also be the month when the $GLOW token is finally launched.

https://twitter.com/lay2000lbs/status/1472691654121426966

https://twitter.com/ngmisl/status/1477902099061125120

https://twitter.com/glowyield/status/1479120996044972032

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