DeFinitely 91 - The News in DeFi

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ve(3,3): Curves, Initial distribution, Competition, & Building a protocol for protocols Today, AMMs are primarily for projects, either through token incentives, bootstrapping liquidity, or even protocol owned liquidity. The AMM arena is quite saturated, we did not want to launch an AMM to compete with existing projects, for that reason it was designed with protocol 2 protocol architecture in mind. With an initial distribution of 0, that means no one can vote, which means no distribution can occur. It is up to them to decide what they will incentivize, be it their own token, stable coin, or other liquidity. The timeline for this will thus be 2 weeks post protocol launch until distribution starts.

The Essential Guide to THORChain Synthetics THORChain synthetics transaction speed and cost compared to other networksa) Trader perspective All traders desire lower fees and faster processing for transactions⏤which currently are problems on Bitcoin and Ethereum blockchains. Self-Repaying Loans Arguably the most important use case of synthetic vaults will be Lending & Borrowing. You lock synthetics into vaults and they generate yield You use the locked synthetics as a collateral to take a loan You take the loan which will be paid automatically by the interest the vaults generate from the locked synthetics. BRO explains: You can get a loan which is paid by the interest the vaults generate from your locked synthetics. Synthetics enable creation of crypto ETFs, baskets made of crypto coins.

xLetter 3 In this edition of the xLetter, we announce xToken 2.0, xToken goes L2, CitaDAO brings real estate on-chain with xToken’s help, and we discuss the future of governance. Additionally, we will be repackaging our liquidity strategies into a more seamless experience. But our biggest xToken 2.0 product initiative is xToken Terminal, our permissionless capital markets platform. gm(ga, ga)GN(WAGMI, WAGMI)CitaDAO AMA We recently hosted an AMA in our discord with CitaDAO, our launch partner for xToken Terminal.

OptyFi live on ETH Mainnet. Long Live YIEDLing. Pop in our discord and we’ll explain to you what to do step by step and help you embrace the revolution. You can deposit up to $10,000 in the USDC vault. Plus, strategies on USDC change quite frequently so this allows us to showcase our rebalancing mechanism, one of the primary objectives of the Alpha launch. At the time of writing, the vaults are showing 16.9% APY for USDC, including the basic trading APY and the reward APY. You are free to withdraw at any time in a permissionless way,but we hope you will YIEDL with us for a long time!

FLOOR Tokenomics The FLOOR token does not yet exist. Participating in the FLOOR Launch There will be two routes to acquiring FLOOR, the first will be via a pre-launch Token Launch Auction (TLA) (also referred to as an LBP) and the second will be through post-launch PUNK bonding. Staking and Rebase Rewards The staking mechanism of FLOOR works the same as Olympus — users that stake FLOOR will receive 8-hourly rebases, each one increasing their quantity of sFLOOR at a rate determined by DAO governance. Instead, FLOOR can only be minted as a percentage of total supply applied, with a hard cap on the amount of FLOOR that can be minted in total. If a holder had 1,000 pFLOOR options and a supply share of 1%, they would have the option to mint 100 FLOOR if the total supply of FLOOR was 10,000.

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