Today in DeFi - Archer Launch, Cover Beta, And More

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Archer Launch

Archer DAO @Archer_DAO

Introducing Archer, a new revenue source for miners and block producers. Live on Ethereum.

medium.comIntroducing ArcherMiners are the invisible guardians of Ethereum. Every Ethereum transaction is published by a miner and stored on the shared ledger. Every mined block further secures Ethereum’s rich history. Today…

Archer, a project that helps miners find MEV opportunities, has just launched. As Archer explains it:

“Archer uses on-chain incentive mechanisms to boost miner revenue.

Opportunities take the form of dex arbitrage, lending liquidations and other zero-risk or risk-minimized ways to add value to mined blocks. The system evaluates each opportunity and sends miners transactions that maximize their revenue. In short, Archer replaces low-value transactions with high-value transactions.

Suppliers are an elite group of on-chain analysts who are responsible for discovering on-chain opportunities. Suppliers who submit profitable opportunities share revenue with miners.”

Archer will be governed by a DAO with associated governance tokens.

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Cover Beta Launch

Cover Protocol @COVERProtocol

Launch of Cover Protocol Beta

Cover Protocol, a permission-less DeFi insurance protocol, has just launched its beta.

Users can buy or offer insurance, currently on Curve. Check out the Website at app.coverprotocol.com

yAxis MetaVaults

yAxis @yaxis_project

1/ 🥳🎉 METAVAULT IS LIVE!!! 🎃🚀 Initial strategy: $PICKLE pJar 0c + p3crv farm 🥒

yAxis’ Metavault is live:

Metavault is a yAxis innovation which aims to be an intelligent yield aggregator aggregator. Instead of just choosing the best Defi project yields, it aims to choose the best yield aggregator’s yield.

Metavaults are community-governed, and the current Metavault v1 farms a pickle jar as well as p3crv (a pickle farm for curve 3pool). That sentence would not have made sense a year ago.

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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