⛄️ Its self-proclaimed army of “White Walkers” is growing with new dedicated communities launched for its SnowSwap users in:
🇧🇩Bangladesh,
🇻🇳Vietnam, and
🇮🇳India.
2/ SnowSwap continues to make strides towards major partnerships having had Quantstamp review its smart contracts.
Many in the SnowSwap community are also excited about the recent announcement that 1inch is integrating SnowSwap's liquidity pools.
5/ This is paid promotion as part of our DeFi Pulse Drops series where DeFi Pulse works with projects to launch their new features and builds. If you want us to work with you, please get in touch!
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Meet the new Alpha Homora V2 set to launch on Feb 1st.
Improving on @AlphaFinanceLab's popular yield farming product, V2 supports more AMM protocols and yield farming with up to 9x leverage on select pools. defipulse.com/blog/alpha-hom…
2/ Gone are the days when yield farming AMM pools with leverage meant managing loans across several lending protocols in a risky position that was difficult to unwind.
Using Alpha Homora V2 makes this process a lot simpler and helps minimize the risks involved.
3/ With Alpha Homora V2, users can borrow multiple assets, re-leverage, and deleverage their positions easily in just a few clicks.
You don’t even need to have equal value of both tokens in order to yield farm. Alpha Homora V2 handles any borrowing and swapping for you.
The SnowSwap Foundation will invest in projects which add value to the SnowSwap ecosystem to support community experimentation and encourage innovation
This positive-sum strategy is referred to as ‘Offensive Forkability’
2/ The goal of this strategy is to create network value by collaborating with SnowSwap to disincentivize forking just to fork.
It creates stronger incentives to collaborate with SnowSwap than to try to create a competitive fork.
3/ The concept of Offensive Forkability fits well into SnowSwap's approach.
Just as SnowSwap decided to create additional value for existing protocols, SnowSwap is encouraging other developers to create more utility continuing the positive feedback loop.
1/ 🍇 DeFi Pulse Drop #9: 3F Mutual by @hakkafinance 🍇
3F Mutual is a rainy day fund designed to act as collective insurance against the risk of MakerDAO Emergency Shutdown.
3F's AMM design allows users to purchase insurance underwritten by 3F Mutual’s fund pool at any time.
2/ 3F Mutual's market-making mechanism aligns participant incentives to form a positive cycle that aims to increase insurance capacity, lower premiums, and increase revenue for the protocol and its underwriters.
🌤️ This rainy day fund also produces dividends during sunny days...
3/ When you purchase insurance, you receive both insured units and shares which means you’re acting as both an insurance buyer and an underwriter for the pool.
Underwriters receive dividends in the form of 15% of all insurance fees paid to the pool.
Rari V2 introduces decentralized governance to Rari Capital and the new Rari Governance Tokens (RGT).
RGT holders govern the protocol and Rari Treasury, determining new protocols integrations, pool parameters, and risk parameters.
2/ 87.50% of all RGT tokens are being distributed via a liquidity mining program happening now. Anyone with funds deposited into Rari pools are currently earning RGT tokens on top of pool returns
3/ Rari’s governance has a cool feature called ‘Passthrough Governance’
RGT holders can use tokens like COMP that accumulate in Rari pools to vote in other protocol governance. It’s a practical solution allowing users to engage with gov. while utilizing an automated strategy.
1/ Introducing the DeFi Pulse Economic Safety Grade
Created in partnership with the fine folks at @gauntletnetwork, economic safety grades allow users to more easily quantify and compare the risks they face using on-chain protocols.
2/ Decentralized lending protocols have grown to become essential tools for DeFi users, but with that growth came added complexity.
It can be difficult for the average user to fully understand how they function let alone properly assess the risks they face.
3/ The DeFi Pulse Economic Safety Grade is created by running simulations utilizing data from centralized and decentralized exchanges combined with on-chain user data to estimate market risks.
Grades are focused on the risk of insolvency or in other words the risk to depositors
mUSD is a USD-pegged token backed by a basket of popular stablecoins. Like all mAssets, mUSD generates a native yield and enables 0-slippage swaps between its underlying collateral.
2/ mUSD solves the hassle of owning multiple stablecoins by instead creating a productive first-class meta-asset that minimizes the risks posed by individual stablecoins and enhances their functionality.
Anyone can deposit DAI, USDC, USDT, and/or TUSD to mint mUSD at a 1:1 rate.
3/ After minting your first mUSD, you can deposit it into mStable's SAVE contract and start earning.
mUSD deposited into SAVE earns a native yield generated from a combination of lending its collateral on @compoundfinance and @AaveAave and fees earned from mStable SWAP.