Today in DeFi - Binance to Move Away from BUSD, rETH Live on Aave, Risk-Isolated Lending, and More...

1 year ago 363

Binance to Move Away from BUSD

Binance CEO tweeted that Binance will move away from using BUSD as the main trading pair as the team foresees users migrating to other stablecoins over time.

Issued by Paxos, BUSD is the main trading stablecoin on Binance. Paxos will halt issuing more BUSD in compliance with NYDFS’ order. The remaining BUSD will be supported by Paxos and redeemable til at least Feb 2024.

rETH Live on Aave

RocketPool’s staked ETH is now available as collateral on Aave v3 market.

Canto to Update Inflation Parameters

Canto governance submitted two proposals to update inflation parameters. If passed, one will reduce security emissions by 30%, and the other will enable a ~30% reduction in liquidity mining rewards

Caldera Raised $9m

Calderal raised $9m from VCs including Sequoia, DragonFly, etc. Caldera is a platform for building EVM-compatible, customizable rollups without coding.

Self-Limiting Protocol, Risk-isolated Lending, and More…

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