Today in DeFi - Binance Recovery Fund, Pendle V2 AMM, Trading BTC/ETH Volatility, and More...

1 year ago 193

Binance Industry Recovery Initiative

Introducing the Web3 Industry Recovery Initiative! #Binance and a number of key industry partners have joined together to commit $1B+ to provide financial support to the most promising and highest-quality companies that need it most. Let's support industry growth together.

Binance led a $1b Industry Recovery Initiative (IRI) to fund web3 developments. Third-party firms and ventures including Jump Crypto, Aptos Labs, Polygon Ventures, Animoca Brands, GSR, Kronos, and Brooker Group have joined and contributed another $50m to the co-investment.

Pendle V2 AMM

Pendle @pendle_fi

Introducing Pendle’s V2 AMM, and a new foundation for DeFi yield markets: + minimal IL + flash swaps + optimized curve + low-slippage trades + concentrated liquidity + improved capital efficiency + Double LP fees from single-asset liquidity Learn more!

link.medium.comPendle V2 (Part 1/3) — FoundationIntroducing the 1st key component of Pendle V2, a brand new AMM. This post will serve to walk through the various features while the…

Fixed-rated protocol Pendle announced a new AMM coming along with V2. The rebuilt AMM will reduce IL for LPs, increase capital efficiency by 200x, enable low-slippage trades, etc.

Maker to Add GNO as Collateral

Maker @MakerDAO

Maker Governance approved GNO as collateral! With over 90% of the voting power in favor, the positive outcome of this poll enables GNO to be onboarded as a new collateral type into the Maker Protocol through a future Executive Vote. 🗳 vote.makerdao.com/polling/QmUBoG… 1/

Maker governance approved GNO as a new collateral type. The asset was initially proposed by Gnosis DAO, with the aim of generating 30 million DAI against GNO collateral and using that liquidity to boost the Gnosis Chain ecosystem.

$10M Fund for NEAR AMMs

Proximity Labs @proximityfi

Announcing a $10M fund for decentralized orderbook solutions on NEAR By Proximity Labs, with @OrderlyNetwork @spin_fi @tonicdex #OrderbooksAreNEAR Apply: form.jotform.com/proximityisnea…

NEAR R&D firm Proximity Labs and 3 NEAR-based protocols have announced a $10m developer fund. The fund will provide grants to developer teams that build on top of Orderly, Spin, or Tonic, which are decentralized trading protocols that rely on virtual order books.

Proposal: Increase Maker DSR

Maker @MakerDAO

A proposal to increase the Dai Savings Rate (DSR) has been published by the MakerDAO Open Market Committee! After notable progress in investing MakerDAO's balance sheet into TradFi instruments, the mentioned proposal aims to distribute this yield to DAI holders through the DSR.

The Maker community proposes five options to adjust the DAI savings rate (DSR), which DSR determines the yields distributed to DAI holders.
The current DSR rate is at 0.01%, increasing the DSR may incentivize retention or increase DAI supply, which supports Maker’s liquidity position.