This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg – sending Terra’s native LUNA token into a “death spiral”. Kick-started by an apparent attack on the system, a significant de-pegging of UST to the dollar resulted in a rush to the exits by token … Read more

This Week in DeFi – May 6

To the DeFi community, This week Tron’s new algorithmic stablecoin USDD has gone live, with promises of a 30% annual yield. Following in the footsteps of the Terra USD’s Luna Foundation Guard, Tron DAO is seeking to accumulate $10 billion in reserves for the stablecoin to stabilize its price. If successful, USDD may suck some … Read more

This Week in DeFi – April 29

To the DeFi community, This week Optimism $OP token rumors come true, as the Ethereum Layer-2 scaling solution announces new plans for its governance structure and token distribution. The “Optimism Collective” will be governed by two houses; The Citizen’s House will govern public goods funding, while the Token House will govern protocol upgrades and project … Read more

This Week in DeFi – April 22

To the DeFi community, This week Tron crashed the algorithmic stablecoin party, announcing that it will launch its very own USDD stablecoin May 5th. The coin will be supported with TRX and $10 billion worth of crypto reserves – as well as offering 30% interest rate. This may be one to watch, as it attracts … Read more

This Week in DeFi – April 15

To the DeFi community, This week Uniswap Labs has announced a venture unit, which will invest in promising web3 projects. Uniswap Labs also plans to actively participate in the governance of the projects it invests in. Unrelated to the venture unit, Uniswap has also released a widget this week to enable users to more easily … Read more

Circle Launches USDC on Avalanche to Accelerate DeFi Adoption

Native USDC on Avalanche will empower more developers and users to build and access the Avalanche ecosystem. Circle, a global internet finance firm that provides internet-based payments and financial infrastructure to businesses of all sizes, today announced native support for USD Coin (USDC) on Avalanche. With more than $40B USDC in circulation as of December … Read more

USDC (v3) Beta to Debut the First Multi-Strategy Pool; VSP/vVSP Live on CREAM, Bridged to Polygon

Also: First bounty paid for early fixed-rate pool work, Vesper to sponsor DAS 2021, and more. VSP/vVSP on CREAM VSP and vVSP tokens are now officially live on Cream.Finance as collateral assets. Users can now supply and borrow Vesper tokens. This also paves the way for future potential yield farming pools on the Vesper platform.  — @CreamdotFinance Since … Read more

Incentivized Beta for New USDC Pool: What You Need to Know

It’s just like the incentivized beta from the original Vesper launch, but focused on the first multi-strategy pool. Earlier this week, we announced to Vespernauts that there will be a new USDC pool coming to the VesperDev beta app. It will be the first to employ Vesper’s multi-strategy capability, which is expected to deliver higher … Read more