DeFinitely 53 - The News in DeFi
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DeFi Top Stories
- Introducing kCompound
JITU is the next evolution of the KeeperDAO liquidity pool, combining the current flash lending functionality with new methods for safe underwriting. Instead, a KeeperDAO keeper will get to work finding the best price for your collateral, targeting a 5% profit margin (equal to Compound’s liquidation incentive). Funds will remain 100% safe for up to two liquidations of the same collateral, even if liquidation were done by an external keeper. In fact, outside of the Hiding Game, your loan will appear to be in perfect health, “hiding in plain sight,” thanks to the buffer provided by the JITU. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. For instance, when using the native Compound protocol, it’s impossible to have multiple positions be isolated from each other but tied to the same Ethereum address.
- An Exploratory Primer on Alchemix
The Financial Platform That Works for You
- Inside The Bakery 12: PLAYDOUGH
PieVaults employ multiple active strategies such as staking, lending, and yield-farming, using a unique strategy for each individual asset within the PIE.
- AutoFarm and Farmfolio Native Dashboard
Autofarm wants its users to seamlessly yield farm, and monitor their assets simultaneously. Everything is in one place now which makes management convenient and efficient for users.
- Pyth Ecosystem Roles
This post outlines the various decentralized ecosystem roles. Data Providers are data owners that have legal access to distribute unique data sets. There are 2 important categories: owners that have not historically operated in the data distribution space and primary data sources. Pyth is designed to bring real-world data on-chain on a sub-second timescale. Smarter data for smarter contracts. We think this is an ambitious goal because financial market data is sufficiently unique: there are very few available sources, and those sources have very tightly controlled distributions. First generation internet companies generally took their traditional business models and ported them online: many magazine websites, for example, were initially just PDFs of the magazine itself. The former can provide the network a new and cheaper way to source data.
- Enjin’s JumpNet launches early access, gets support from 50+ NFT Projects, Binance and Microsoft among partners
According to the official press release, JumpNet uses 99.99% less energy than Ethereum, which is, to date, the most widely used blockchain for the minting of NFTs. Microsoft recently distributed 7,000 NFTs via “Beam” QR codes at the Global Azure 2021 event with the use of JumpNet’s blockchain. Users may then upgrade these unforged NFTs through additional purchases, with perks set to scale. Users purchasing ENJ are sent with an “unforged” or inactive set of NFTs to their designated wallet for custody. In the latest Ethereum Energy Consumption Index, Ethereum has generated over 17.64 metric tons of carbon based on an annualized scale.Disclaimer: This article is provided for informational purposes only. Being able to mint and transact freely has unblocked nearly every project, and they’re moving over to JumpNet as fast as possible.
- THORSwap has launched — is this the death of CEXs?
This is freedom.THORSwap is the world’s first Multichain DEX that utilizes the THORChain network to provide a front-end user interface to perform cross-chain swaps. They have the ability to freeze your funds, to share your data with the government, and can be held under the thumb by regulations and new laws. Remember when Coinbase told its users it’ll be sharing their data with HMRC? Last week’s launch was crucial to the decentralization of the whole crypto ecosystem. CEX’s hold too much power in this space but also have many weaknesses.
- autofarm: 21 April 2021 — Venus Vaults Post-Mortem
Luckily, Autofarm vaults had sufficient fail-safe measures to manually deleverage vaults, which allowed for user withdrawals. Users also reported that withdrawals were functioning on Venus vaults.4:12am GMT+8: Beefy Finance pulled out USDC and USDT deposits from Autofarm’s Venus vaults. Although steps were taken to prepare for this event, our vaults were still unable to fully cater for this fee. In the future, we might launch vaults with vault migration functions. However, withdrawals were non-optimal when our vaults were fully deleveraged. Only assets in Venus vaults were affected.First of all, we would like to sincerely apologise for the whirlwind of events.
DeFiniteley recommend reading those, if you want to stay up-to-date :)
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