BarnBridge’s SMART Yield application allows you to receive either fixed or levered variable exposure to underlying lending markets across DeFi. Today, we’re expanding that functionality to the following markets:
- Reflexer Finance’s RAI on Aave
- Synthetix’s sUSD on Aave
- Tether on Compound
Note, this comes on the eve of existing junior tranche rewards lapsing for Aave and C.R.E.A.M. Finance circa August 8th. There is, however, an ongoing Snapshot vote to do a one-time incentivization period for all senior bonds a) minted prior to August 31st with b) a maturity on or after January 30th, 2022. These assets would qualify for that program.
About Reflexer Finance
Reflexer is a platform where anyone can use their crypto collateral to issue non-pegged stable assets, otherwise called stablecoins. Stablecoins, as opposed to fiat coins, are not pegged to anything. RAI is an ETH backed stablecoin with a managed float regime. The RAIUSD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or revaluing it.
Learn more about Reflexer below:
Synthetix is a protocol for issuing and trading synthetic assets on Ethereum. Each synthetic asset (or Synth) is an ERC20 token which tracks the price of an external asset; for example each sUSD token tracks the price of the US dollar (and unlike the other synthetic assets, is fixed at 1). A wide variety of Synths exists within Synthetix, including fiat currencies, cryptocurrencies, commodities, and inverse indexes. In principle the system can support any asset with a clear price, and provides on-chain exposure to an unlimited range of real-world assets.
Learn more about Synthetix below:
About SMART Yield
SMART Yield is an application that allows users to hedge perceived interest rate risks across integrated DeFi lending markets. By entering into either the junior or senior side of a given originator, a user can receive either levered variable or fixed exposure to the underlying market, respectively.
SMART Yield currently supports markets on Compound Finance, Aave, and C.R.E.A.M. Finance.