What are the main differences between $DAI (a decentralized stablecoin on Ethereum) and $UST (Terra's algo stablecoin)?

Let's find out! (1/13) 🧵 1/ What is $DAI?

"Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar" - according to Maker's Whitepaper.

But what does each one of those terms mean?

makerdao.com/en/whitepaper#…

1/ #SectorPulse is here again! 🙌 🎉

📉$DPI is now trading at $159.56 a 10.7% decrease from last week
📉$NFTI is now trading at $9.83, a 5.0% decrease from last week

The stable $USDC yield is 2.65%

On the 🧵 👇 you will find a summary of the week's news 📰 2/ $DPI token, is based on the DeFi Pulse Index, a digital asset index designed to track the performance of top protocols in #DeFi

$NFTI is based on the @Scalara_xyz NFT Index, an index designed to track the performance of the most well-known #NFT collections

1/🍇 DeFi Pulse Drop: @NotionalFinance 🍇

Want to see a real-world use case for #crypto fixed rates?

Imagine a fintech app like Wealthfront hooking up their vast user bases to fixed rate products, with notional.finance fixed rates providing the yields under the hood... 2/ This is the future of fixed rates!

Whether you want fixed rates for your own portfolio, these stable rates move #DeFi forward, which benefits EVERYONE.

The ability to plan future cash flows / calculate capital costs for the long-term = new use cases, new users.

1/🍇 DeFi Pulse Drop: @NotionalFinance 🍇

Notional V2 is bringing fixed-rate borrowing & lending to the fore of DeFi.

A key innovation behind this rise? nTokens!

Here’s what nTokens are & how you can use them to level up in DeFi 👇

notional.finance/provide 2/ Notional’s users borrow & lend via the protocol’s native liquidity pools.

As such, liquidity providers (LPs) are central to Notional. Yet the project’s V1 system required LPs to *actively* manage their positions.

Here’s where Notional V2 nTokens come in!

1/🍇DeFi Pulse Drop: @NotionalFinance🍇
Why is 90% of debt in TradFi issued at fixed rates, but 90%+ of DeFi is still working with volatile, variable rates?
Fixed rates haven’t taken off yet in DeFi, but that’s likely to change with Notional v2. 🧵⬇️

notional.finance 2/ Unlike many other fixed rate protocols, Notional serves both lenders *and* borrowers.
Because borrowers are often willing to pay a premium for stable, consistent rates, lenders on the platform receive a better rate for their deposits!

1/ ICYMI we’re doing scaling week at DeFi Pulse and today we’ll be talking about BRIDGES!

Do you know about the different approaches to bridging assets?

Join us for an informational thread!
🌉🌉🌉🌉🌉🌉 2/ Let’s start with some basics:

When you transfer assets to a scaling solution, you’re interacting with a minimum of three protocols:
📫The base chain
🎯The target chain
🌉The bridge

In this txn, your assets are only as safe as the weakest link!

Making a seamless user experience is the name of the game for Oasis (@oasisdotapp).

Today we’ll be highlighting some of the really cool features that Oasis has built into their $DAI wallet to make our lives easier.

🧵 A short thread 👇 💰 Everyone’s path into crypto has to start somewhere and for most of us that means going from fiat to crypto.

Oasis has integrated Latamex, Moonpay and Wyre so that you can buy $DAI and $ETH directly from your mobile or pc.

1/🍇DeFi Pulse Drop: @oasisdotapp 🍇

Oasis, DeFi’s most popular gateway to $DAI, has a powerful new feature! 🔥

Multiply is a resource for oasis.app users to leverage up to 3x their crypto, e.g. $ETH, with only 1 tx. 🤯

Want automated leverage? Here’s how 👇🧵 2/
💻Go to oasis.app,

✅Connect + verify your wallet,

📥Click on a Vault depending on the collateral you want to leverage.

Maker supports $ETH, $WBTC, plus many others.

1/ The cryptoeconomy is increasingly becoming a cross-chain ecosystem where users want great DeFi services on multiple blockchains and scaling solutions simultaneously.

That's why @BreederDodo chose an “all of the above” multi-chain deployment strategy. defipulse.com/blog/dodo-mult… 2/ To successfully achieve its strategy, DODO is integrating with layer-one chains (independent blockchains like Ethereum and Polkadot), layer-two chains (scaling solutions like Arbitrum that are secured by the L1s they support), and sidechains.

1/ 🍇 DeFi Pulse Drop #22: @DeFiSaver 🍇

The UI/UX of DeFi Saver's Recipe Creator streamlines the experience of using #DeFi by reducing what can often be a tedious process down to a single transaction.

🤔🤖🧑‍🍳 Now imagine what you could do if you could automate your recipes... 2/ Every DeFi user has imagined at one point or another how cool it would be if you could automate some task you were doing in DeFi in just a few clicks. 💭

With Recipe Automation on DeFi Saver's roadmap, that future may be here sooner than you think.

1/ 🍇 DeFi Pulse Drop #22: @DeFiSaver 🍇

DeFi Saver is loaded with features designed to save you time, effort and most importantly gas.

DeFi Saver UI + Recipes + Liquidation protection (Automation) = a yield farmer who works smarter, not harder

Let's break down this equation.. 2/ DeFi Saver's UI makes it simple to open, close, and manage loans as well as stake or harvest protocol rewards from popular lending protocols like Maker, Compound, Aave and Reflexer in one place.

Not to mention, you can easily shift loans to the market with the best rates...

1/ 🍇 DeFi Pulse Drop #22: @DeFiSaver 🍇

🧑‍🍳 Recipes aren't just good for cooking, they're great for farming. 🧑‍🌾

DeFi Saver's Recipe Creator paired with the Simulation Mode feature allows you to plan and test yield farming strategies before ever committing funds to execute it. 2/ Say you want to create a @reflexerfinance Safe, generate RAI, swap half of the generated RAI into ETH and deposit those into Uniswap v2 to farm FLX rewards.

You can create a recipe performing all these steps in one transaction, saving you the time of performing each step.

1/ 🍇 DeFi Pulse Drop #22: @DeFiSaver 🍇

Much like how it doesn't take a chef to follow a recipe, anyone can cook up complex #DeFi transactions with DeFi Saver's Recipe Creator.

Performing multiple actions on many protocols in a single transaction is as easy as drag-and-drop. 2/ DeFi Saver's recipes make some of the most powerful tools like flashloans available in DeFi accessible to anyone.

Flashloans let you borrow large amounts of crypto without collateral so long as the debt is paid back within the same transaction.

1/ 🍇 DeFi Pulse Drop #22: @DeFiSaver 🍇

Ever thought of a clever way to string together #DeFi apps but didn't know how to execute the idea?

Or maybe you want to save time by performing multiple actions at the same time.

Meet DeFi Saver's Recipe Creator bit.ly/2T3ULEI 2/ DeFi Saver's new Recipe Creator is a transaction builder interface for creating and executing "recipes."

🧑‍🍳 With the Recipe Creator, you can build complex transactions interacting with multiple DeFi apps to use flashloans, borrow, lend, swap, and more in a single transaction.

1/ 🍇 DeFi Pulse Drop #21: @IntegralHQ 🍇

As you likely know, liquidity providers can suffer Impermanent Loss when the price of one token in a 50/50 AMM pool is more volatile than the other.

But sometimes this loss isn't as temporary as the term implies, let's examine why... 2/ Say you provided liquidity $ETH / $USDC to a typical AMM pool this time last year when ETH was worth $243.

As the price rose, arbitrageurs bought and profited off your ETH, leaving you with USDC.

This loss is only impermanent if the price of ETH returns to the same level.

1/ 🍇 DeFi Pulse Drop #21: @IntegralHQ 🍇

Imagine a liquidity pool like a magic Hot Pot with 2 flavors of soup: $ETH and $LINK.

This magical Hot Pot can convert LINK soup to ETH and vice versa.

As long as the conversion rate (price) is fair, the pot maintains its tasty ratio. 2/ Some traders will take a bowl of $LINK soup so now you have more $ETH soup.

And then, a few more traders come and take some ETH soup so now you have more LINK.

Each time, they give a little back to the pot for these conversions (similar to trading fees)...

1/ 🍇 DeFi Pulse Drop #19: @sirenprotocol 🍇

No one can escape time, not even options.

Theta or time decay refers to the reduction in value of an option as the time to the expiration date nears.

SIREN AMM v2 mitigates theta decay loss using a Black-Scholes model for pricing. 2/ Two factors determine the price of each trade: spot price and slippage.

The spot price is determined using a Black-Scholes model, taking into account parameters like underlying price, time to expiration, option strike and implied volatility, coupled with a Chainlink oracle.

1/ 🍇 DeFi Pulse Drop #19: @sirenprotocol 🍇

Options traders have come to rely on tools in traditional finance that were refined over decades.

And with options being fairly new to DeFi, SIREN aims to fill a niche by building a platform suited for sophisticated options traders. 2/ To make full use of SIREN’s design which allows traders to easily swap options in and out in order to build complex positions, options traders need the necessary information to properly assess those positions.

This is why SIREN's UI displays the greeks for each option.

1/ 🍇 DeFi Pulse Drop #19: @sirenprotocol 🍇

Liquidity providers play a critical role in SIREN protocol as passive underwriters enabling traders to swap in and out of options positions.

Their liquidity is used to mint bTokens and wTokens, both sides of an options contract. 2/ SIREN's AMM can trade up to 6 SIREN options contracts which all share collateral and payment assets in a single pool.

As contracts expire the AMM uses its held wTokens to claim the collateral and/or payment locked inside options markets back into the pool.

1/ 🍇 DeFi Pulse Drop #19: @sirenprotocol 🍇

On SIREN Protocol, both the long and short sides of an options contract are represented as ERC20 tokens.

This allows traders to swap in and out of options positions on both sides and build complex portfolio positions via SIREN's AMM. 2/ It starts off with Liquidity Providers depositing collateral into the SIREN AMM pool. So for WBTC/USDC calls, the collateral would be WBTC.

When a trader goes to buy options from the AMM, the collateral held within the pool is used to mint a pair of tokens: bToken and wToken.

1/ 🍇 DeFi Pulse Drop #19: @sirenprotocol🍇

Options trading has become popular as it becomes more accessible. On-chain options will become an important building block as DeFi matures.

SIREN has built an options trading UX catering to sophisticated users. defipulse.com/blog/siren 2/ This nautical-themed on-chain options marketplace launched its alpha release in December 2020 and is about to embark on the next chapter of its journey with SIREN Markets launching on mainnet today.