Today in DeFi - LlamaLend Live, FTX Working on Stablecoin, Intro to Integral SIZE, and More...

LlamaLend Live

llamalend @llamalend

LlamaLend is live! Check out this thread explaining how it all works

0xngmi (grazing arc) @0xngmi

Today we're launching @llamalend: a protocol for borrowing ETH against your NFTs - Instant loans - No health-ratio/price liquidations - Fixed interest - Pay only for the time you borrow - Supports ALL collections through isolated pools https://t.co/JykNlERGzQ

7:07 PM ∙ Oct 27, 2022

---

20Likes1Retweet

Built by DeFiLlama, LlamaLend is an NFT lending protocol that has fixed interest rates and no price liquidations.

FTX Working on Stablecoin

Matt Hougan @Matt_Hougan

There's not much difference between firms like FTX creating their own stablecoin and Charles Schwab forcing customers to use its (and only its) money market funds all these years. Brokers and exchanges find ways to monetize customer cash.

decrypt.coFTX Chief Teases Native Stablecoin Launch in ‘Not-Too-Distant Future’ - DecryptCEO of crypto exchange FTX Sam Bankman-Fried said collaborating on a stablecoin with another firm could be “really powerful.”

2:22 PM ∙ Oct 27, 2022

---

11Likes3Retweets

FTX is reported to be working on its own stablecoin, likely to launch via partnerships.

Spin Live on NEAR

Spin | Perpetuals LIVE ➰ @spin_fi

HOT 🔥 The public version of on-chain #Perpetuals (NEAR-First!) is now live on Spin🔥 Now any @NEARProtocol user can benefit from leveraged Perps trading to hedge their capital and extract returns from any price action 👉 perp.spin.fi 1/ More info and strategies 👇

3:46 PM ∙ Oct 26, 2022

---

203Likes68Retweets

NEAR-based DEX Spin launches perpetual trading with up to 10x leverage on its platform, with more order types and isolated margin support to come.

Harmony x LayerZero

Harmony 💙 @harmonyprotocol

Today we announce @LayerZero_Labs relaunch of bridging on @harmonyprotocol. This partnership is an important step toward a new era of security and stability for our community. Full press release (via newswire) prnewswire.com/news-releases/…

5:29 PM ∙ Oct 27, 2022

---

346Likes97Retweets

Harmony to partner with LayerZero to relaunch its bridge, and will also partner with Lossless to deploy a security infrastructure to prevent future attacks.

LooksRare Zero Royalties

LooksRare @LooksRare

🧵 Starting today, #LooksRare will no longer support creator royalties by default, and instead, share 25% of the LooksRare Protocol fee with creators/collection owners. docs.looksrare.org/blog/looksrare…

docs.looksrare.orgLooksRare Offers Zero Royalty Trading, Shares Protocol Fees With Creators Instead | LooksRare DocsZero Royalties and Still Supporting Creators

3:00 PM ∙ Oct 27, 2022

---

828Likes230Retweets

LooksRare switches to optional royalties for NFT creators but to allocate 25% of its 2% protocol fee to creators. This results in an effective 0.5% royalty fee on trades for all collections, which is a lot lower than most were previously seeing. 

There’s more to today’s letter, but it’s reserved for Premium subscribers.

Today in DeFi Premium includes early looks at promising projects, and proprietary research to help you get the most out of DeFi.

Subscribe today with Credit Card or Crypto (get discounts on quarterly or yearly subscriptions).

Intro to Integral SIZE

Overview

Read more