DeFinitely 39 - The News in DeFi
TIL: EURO stablecoins are coming and The Iron Bank is a thing now
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Limiting our Dairy Intake with Asset Caps
CREAM — The First DeFi Money Market to Implement Asset Caps
Reef Finance has Partnered with bZx Protocol to Offer a Diverse Range of DeFi Services to Reef Users.
Reef Finance has partnered with bZx Protocol to offer a wider variety of services and income opportunities to the users of its DeFi platform
Introducing The Iron Bank
Part II: The Road to Cream v2
For every $1 in non-rune assets that are added to THORChain, the market cap of RUNE goes up by $20.
$300m/$15m = 20.
Is this really efficient value accrual or really ineffective capital inflow?
paging THORChain community
THORChain synthetic assets are unique.
For every 1 sBTC minted, the pool grows in depth by 0.5 BTC and 0.5 BTC worth of Rune - 1 BTC worth of capital backing 1 sBTC.
The more that is minted:
- the deeper the pool
- the more RUNE is bought
- the more volume/yield
A record shattering epoch for @renprotocol. Big congrats to the team & community. We've made .01694 BTC ($610) in passive income/node, with a mindblowing 209 new nodes (net +188 nodes). As we approach the end of the epoch with 1 hour less, cheers to all of the fRens! #RenVM $Ren
THORChain lists ETH.RUNE on @SushiSwap 🍣 to make inroads into the Ethereum Defi community. Initial pairs:
* RUNE:ETH
* RUNE:USDT
* RUNE:SUSHI
ETH.RUNE is a transitionary asset to grow liquidity ahead of the launch of THOR.RUNE and the Ethereum Bifröst.
$RUNE/ETH <--> $RUNE/BNB bridge is amazing.
Try it out: runebridge.org
Have some fun with Bepswap where you can provide single or double-sided liquidity.
Fees are extremely low: ~$0.015 (as $BNB), significantly cheaper than gas. Full custody. chaosnet.bepswap.com/pools