Today in DeFi - B. Protocol adds Compound, Alpha on BSC, and More
B. Protocol Integrates Compound
B. Protocol has just added support for Compound Finance. B. Protocol is a thin layer on lending platforms, where users and liquidators can work together. Users on the platform agree to prioritize liquidations to liquidators on the platform, who agree to share liquidation profits with users.
This symbiosis shifts βminer extracted valueβ from miners and those they work with, to the users and liquidators on B. Protocol.
Today in DeFi is sponsored by Aave.
Aave is a decentralised, open-source, and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. It tokenizes deposits as aTokens, which accrue interest in real time. Aave also features access to Flash Loans and Credit Delegation as uncollateralised loan options.
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Alpha on BSC
Alpha Finance has announced that Alpha Homora v1 will be launching on BSC. This gives the Ethereum DeFi ecosystem access to farming opportunities on BSC, such as through Pancakeswap.
Inverse Trading
Inverse Finance, a protocol that allows users to DCA yield farming yield into a crypto of their choice, has voted to allow their governance token to be tradable.
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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