New DeFi Products
PieDAO DEFI++
DEFI++ is an index token created by the PieDAO group that relies on a 70/30 weighting between a curated selection of large-cap and small-cap DeFi tokens.
1inch v2
The 1inch.exchange DEX aggregator unveiled 1inch v2, which has various optimizations like a new routing algorithm.
sOIL
Powered by Synthetix and Chainlink’s oracle tech, sOIL is a token representing Brent Crude Futures positions on Synthetix Exchange.
StaFi
New Eth2 staking liquidity solution StaFi, which offers users the rETH staking derivative for Beacon Chain deposits, has arrived.
Vector
A cross-chain routing network created by the Connext team, Vector enables cross-L2 transfers that can considerably improve interoperability around Ethereum scaling solutions.
Umbrella Protocol
Backed by Yam Finance, Umbrella Protocol is a new risk management protocol for DeFi that will offer services like perpetual ERC20 streaming coverage.
Slingshot
A rebrand of DEX.AG, Slingshot is a glowed-up DEX aggregator that just raised $3.1 million in an investment round led by Framework Ventures.
CRETH2
CRETH2 is a new Eth2 derivatives token representing staking positions made through C.R.E.A.M. Finance’s new Eth2 staking service.
Aave is a sponsor of our monthly newsletter 🙏
Aave is an open-source and non-custodial protocol for money market creation on Ethereum. Originally launched with the Aave Market, it now supports a Uniswap Market and enables users and developers to earn interest and leverage their assets. Aave also pioneered Flash Loans, the first uncollateralized loan option in DeFi, and an innovative building block for developers.
What’s new at Defiprime
The king is dead, long live the king!
Please follow our new Twitter account here: @defiprimeHQ 🔥
Defiprime listed a few new products this month, including:
DODO, an on-chain liquidity provider ✅
LN Markets, a derivatives platform on the Lightning Network ✅
Money on Chain, a BTC-collateralized USD stablecoin ✅
We’ve also seen some awesome new Alpha DeFi yield farming guides popping up in our community, too, like:
Interviews with DeFi projects
Yam Finance -- Yam Finance co-creator Trent Elmore described the elastic-supply protocol’s rise to date.
DODO -- DODO co-founder and chief marketing officer Diane Dai outlined how the decentralized exchange’s Proactive Market Maker algorithm works.
LN Markets -- Co-founder Romain Rouphael noted how the derivatives trading platform works atop the Lightning Network.
Meter -- Meter co-founder and CEO Xiaohan Zhu explained the project’s novel hybrid consensus mechanism.
Zoracles Project -- Zoracles’s lead developer Leonard walked us through the DeFi oracles market and his project’s “Snarks as a Service” offering.
Noteworthy Links
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