88MPH, a fixed rate yield protocol, has just announced it will be working with S̶y̶l̶v̶e̶s̶t̶e̶r̶ ̶S̶t̶a̶l̶l̶o̶n̶e̶ NSURE to insure its smart contracts starting Q1 2021.
Empty Set Dollar, a rebase-style token, has introduced a treasury proposal. The treasury will receive a one time mint of 500k ESD, then 2.5% of supply expansions. It will allow the protocol to fund future growth and development.
Saffron Finance, a tranched yield farming project, has just announced that rSFI has been airdropped to users affected by the Epoch 1 SFI withdrawal bug. While the user funds committed to Epoch 1 were rescued, the SFI rewards are still locked. rSFI will be redeemable for SFI after 8 weeks and has been airdropped to affected users.
Cover Protocol, a permissionless insurance project, has recently added cover for BadgerDAO, Perp protocol, BoringDAO, and Mushroom Finance.
Maker @MakerDAOA Governance Poll has been added to the voting portal to signal support for/against: Adding the following collateral types - 🪙AAVE (@AaveAave) 🪙UNI-V2-DAI-ETH (@UniswapProtocol V2 DAI-ETH LP Token) 🪙UNI-V2-USDC-ETH (@UniswapProtocol V2 USDC-ETH LP Token) More 👇
ETH-DAI Uniswap LP tokens are being proposed as a possible collateral in MakerDAO. As Hayden Adams points out, this creates new possibilities for composability and re-hypothecation.
If passed, this would be the first case of an LP token as collateral in the MakerDAO system.
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned