Today in DeFi - Index Coop BTC2x-FLI, Woofy by Yearn, and More...
Index Coop BTC2x-FLI
Index Coop launched BTC2x-FLI as an extension of the Flexible Leverage Index (FLI) suite of products. Similar to the ETH2x-FLI, BTC2x-FLI is a 2x leveraged token product built on top of Compound Finance and Set protocol.
As a leveraged token, it reduces/eliminates liquidation risk. However users should still be aware that leveraged tokens may underperform regular leveraged positions in choppy markets.
BTC2x-FLI is now available on Sushiswap & TokenSets.
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
YFI Woofy Launches
YFI has launched woofy.finance which lets users to swap $YFI to the doggy token $WOOFY, which is pegged 1,000,000:1 to YFI.
Balancer V2 Live
How many times can a product be announced? Three apparently.
Today Balancer launched V2’s front end. V2 features lower gas courtesy its more efficient single vault-based design, as well as dynamic fee pools powered by Gauntlet.
Governance is also moving to a multi-sig.
Kava Swap Unveil
Kava Lab introduced Kava Swap as a cross-chain AMM connecting Ethereum and BSC, aiming to enable asset swapping and liquidity mining between different blockchains.
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.