Today in DeFi - UMA+Opium Offer SpaceX Insurance, Opium Bridge Protection, and More...

2 years ago 365

UMA Opium Launching SpaceX Insurance

1/ UMA and @Opium_Network have partnered to create a financial product for @SpaceX launches. This derivative will pay based on the success or failure of the SpaceX Smallsat Rideshare launch.

Opium @Opium_Network

It's time to reveal what we with @UMAprotocol are up to! 🎉 We'd joined our efforts to launch a new 'cosmic' product – decentralized insurance on #SpaceX. Hope @elonmusk will take it to the moon together with @dogecoin Read more 👉 https://t.co/MoCmxeuMhU https://t.co/uynxw52pOZ

UMA partners with Opium to offer insurance for SpaceX flights by combining Opium’s CDS insurance contract and UMA’s Optimistic Oracle, which provides real-world data for DeFi markets.

This financial derivative can be used to hedge financial risks related to the SpaceX launch and even to generate some income.

Sushiswap

Today in DeFi is sponsored by Sushiswap.

Sushiswap is a DeFi-Native DEX which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.

Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.

Check out Sushiswap at Sushi.com, or try the Bentobox/Kashi beta at staging.sushi.com

Opium Bridge Protection Live

Opium @Opium_Network

📣As the importance of side-chains increases in the #DeFi Opium presents Bridge Protection that is decentralised & tradable insurance With it, the largest and most solid side-chains bridges like @0xPolygon @xdaichain @AnyswapNetwork @pNetworkDeFi get safer medium.com/opium-network/…

Introducing Opium Bridge ProtectionAs the importance of side-chains increases in the DeFi, we are super excited to present Bridge Protection for the largest and most solid side-chains. Based on the Opium CDS contract, our insurance is…medium.com

Opium now offers insurance for popular side-chain bridges (as tagged in the tweet), which the insurance is decentralized and tradable.

Users can buy monthly coverage or stake into the Bridge staking pool and earn high fees for bearing bridge risks.

Thales by Synthetix

Thales @thalesmarket

Today we start an epic journey 🚀 Bring binary options trading to the Ethereum network 📈 We are grateful for all the support @synthetix_io @0xProject Read more: thalesmarket.medium.com/tale-of-thales…

Tale of Thales, binary options re-imaginedAt Thales we are very excited to share with you the beginning of a journey to deliver a superior binary options trading experience on the Ethereum network, being the first project specifically…thalesmarket.medium.com

Backed and supported by Synthetix, Thales announced it will bring permissionless binary options to Ethereum. Thales will have its own token, 35% of which will go to SNX stakers, and plans to move over to Optimistic Ethereum in later launch phases.

zkSync 1.x Testnet Live

zkSync @zksync

ZKSYNC 1.X TESTNET OUT NOW!

zkSync 1.x: Swaps, NFTs, event system, and permissionless token listingCalling all developers! Try out NFTs and Swaps on our Rinkeby-beta and Ropsten testnets today! Functionality includes: The zkSync 1.x mainnet upgrade including swaps, NFTs, the new event system, and…medium.com

ZK Rollup-based L2 protocol zkSync launched on Rinkeby & Ropsten testnet with basic features including NFTs and ERC20 tokens swaps.

Check tutorials & developer docs in the official post.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.

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