Today in DeFi - Binance to Move Away from BUSD, rETH Live on Aave, Risk-Isolated Lending, and More...

Binance to Move Away from BUSD

CZ 🔶 Binance@cz_binance

7/ Binance will continue to support BUSD for the foreseeable future. We do foresee users migrating to other stablecoins over time. And we will make product adjustments accordingly. eg, move away from using BUSD as the main pair for trading, etc.

9:40 AM · Feb 13, 2023

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317 Reposts · 2.85K Likes

Binance CEO tweeted that Binance will move away from using BUSD as the main trading pair as the team foresees users migrating to other stablecoins over time.

Issued by Paxos, BUSD is the main trading stablecoin on Binance. Paxos will halt issuing more BUSD in compliance with NYDFS’ order. The remaining BUSD will be supported by Paxos and redeemable til at least Feb 2024.

rETH Live on Aave

Aave@AaveAave

gm @Rocket_Pool 👻 $rETH is now live on the Aave V3 market.

Marc Zeller 👻 💜 🦇🔊 @lemiscate

Welcome to the @AaveAave fam $rETH! https://t.co/54gmTZvihv

3:09 PM · Feb 13, 2023

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29 Reposts · 144 Likes

RocketPool’s staked ETH is now available as collateral on Aave v3 market.

Canto to Update Inflation Parameters

Canto Public@CantoPublic

A proposal for the next period of security emissions will be submitted Monday, February 13th at ~11am EST.

canto.mirror.xyz

Proposals Call for a 30% Reduction in Emissions & Liquidity Mini…

6:44 PM · Feb 11, 2023

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31 Reposts · 123 Likes

Canto governance submitted two proposals to update inflation parameters. If passed, one will reduce security emissions by 30%, and the other will enable a ~30% reduction in liquidity mining rewards

Caldera Raised $9m

Caldera@Calderaxyz

gm! We’re excited to announce our $9M of funding across two rounds, lead by @shaunmmaguire at @sequoia and @ani_pai at @dragonfly_xyz respectively, with participation from @neo, @1kxnetwork, @alliancedao , and @etherealvc.

mirror.xyz

Caldera raises $9M to enable Web3 at scale

5:08 PM · Feb 13, 2023

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32 Reposts · 260 Likes

Calderal raised $9m from VCs including Sequoia, DragonFly, etc. Caldera is a platform for building EVM-compatible, customizable rollups without coding.

Self-Limiting Protocol, Risk-isolated Lending, and More…