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.

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

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.xyzProposals Call for a 30% Reduction in Emissions & Liquidity Mini…With Canto’s sixth month of liquidity mining incentives ending soon, two new governance proposals will call to reduce network emissions to improve the program’s sustainability and align Canto stakeholders.

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.xyzCaldera raises $9M to enable Web3 at scaleWe’re excited to announce that Caldera has raised $9M in funding across two rounds, lead by Shaun Maguire at Sequoia Capital and Ani Pai at Dragonfly respectively. This funding will help us grow our team, build out partnerships and integration to support developers, and help make Caldera’s vision a…

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…