Today in DeFi - Ren to Sunset 1.0, rETH as DAI Collateral, Intro to Quoll Finance, and More...

1 year ago 179

Ren to Sunset 1.0

As the Ren 1.0 network will be sunset within 30 days, we highly recommend users to bridge back their Ren-assets, such as $renBTC, to their native chain as soon as possible. Please read our latest update for details:

Ren @renprotocol

1) We recently posted an update regarding how Ren will move forward from Alameda: https://t.co/VFEYHbjZmz

While working on the 2.0, Ren will sunset its 1.0 within 30 days. Ren-assets holders are recommended to redeem their assets to avoid potential damage/fund loss.

rETH as DAI Collateral

Maker @MakerDAO

Empowering more Ethereum stakers! 🚀 @Rocket_Pool staked ETH (rETH) has been deployed as a new collateral type on the Maker Protocol. Through the new rETH-A vault type, users can now generate DAI from rETH.

MakerDAO has deployed rETH (RocketPool staked ETH) as a new collateral type to generate DAI. The rETH-A vault has the min. collateral ratio of 170%, a 1.5% stability fee, and a 5m DAI debt ceiling.

Polynomial Earn Vaults V2 Live

Polynomial Protocol @PolynomialFi

earn vaults. that’s the tweet.

Derivatives protocol Plynomial launches Earn Vaults V2, allowing users to invest in automated option selling strategies.

Upcoming: Chainlink Staking

Chainlink @chainlink

#Chainlink Staking v0.1 Early Access launches on Ethereum mainnet December 6th at 12PM ET. This blog update covers: • Pool design • Alerting mechanism • Auto-Delegation • Staking rewards • Reputation system And more. Explore the latest below ⬇️

blog.chain.linkThe Chainlink Economics 2.0 Staking Protocol and Staking v0.1 Launch Details - Chainlink BlogChainlink Staking v0.1 Early Access launches December 6th 2022. Learn about the design model and parameters underpinning this cryptoeconomic security mechanism.

Chainlink will be available to Early Access users on Dec 6th and General Access will go live on Dec 8th. Users can check eligibility of early access using the staking app.

Upcoming: Cardano Djed

Cardano Foundation @Cardano_CF

“Do we want a stablecoin on Cardano?” asks @shahafbg from @COTInetwork just before introducing #DJED, a new #stablecoin coming to the #Cardano ecosystem in January 2023.

Co-developed by COTI and IOG (Cardano lead devs), the first algo-stable Djed will be launched on Cardano mainnet in January 2023. Djed will require more than 400% in collateral value to be minted.