Today in DeFi - CREAM Iron Bank, PowerPool $ASSY, and More

CREAM Iron Bank

Cream Finance 🍦 @CreamdotFinance

Introducing The Iron Bank 🏦 - Zero collateral, protocol-to-protocol lending platform and liquidity backstop for the entire #DeFi ecosystem - Launch Partners: Alpha Homora V2 @AlphaFinanceLab & Yearn v2 leveraged vaults @iearnfinance Read more 👇 medium.com/@CreamdotFinan…

medium.comIntroducing The Iron BankWe’ve been hard at work since our launch in August to become one of the most innovative platforms in DeFi. Our last post looked back at 2020, shared more info on our merger with Yearn, and explained…

CREAM Finance has announced the Iron Bank, which will be a protocol-to-protocol lending platform. The Iron Bank will be powered by a credit system which will allow for zero-collateral loans. Protocols on a whitelist will have a credit limit up to which they can borrow. The current assets are:

• WETH

• DAI

• y3Crv (a yield-earning stablecoin)

Yearn and Alpha Homora will be the first launch partners of the Iron Bank.

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.

Try it today at: https://aave.com

PowerPool ASSY

Power Pool @powerpoolcvp

🎱 $ASSY launch details and $CVP Boost program by @lemniscate 🎉 gov.powerpool.finance/t/proposal-dis… 🎱 Locked tokens were distributed to all the testers, check it out yourself (vesting starts in 78 days) app.powerpool.finance/#/mainnet/vest… 🎱 Some of our audits were updated github.com/powerpool-fina…

github.compowerpool-finance/powerpool-docs📚Powerpool protocol documentation. Contribute to powerpool-finance/powerpool-docs development by creating an account on GitHub.

PowerPool is launching $ASSY, an index of Aave, Synthetix, Sushi, and YFI. The audit details can be found in the github link above.

Charm Mainnet Soon

Charm Finance @CharmFinance

Charm's mainnet will go live very soon! We have just published an article to describe the key enhancements:

medium.comMainnet enhancementsFirst of all, a massive thank you to everyone who tried our testnet! We have worked through your suggestions, and implemented substantial enhancements ahead of Charm’s imminent release on mainnet…

Options Platform Charm Finance is coming soon to mainnet. Based on user feedback they have made several changes, which are detailed in the link above.

RuneBridge

THORChain ⚡️(ᚱ) @thorchain_org

Use RUNEBridge to switch between BNB.RUNE and ETH.RUNE. ETH.RUNE will be supported by exchanges soon. ETH.RUNE can be redeemed for THOR.RUNE when the Bifröst is live. runebridge.org

RUNE can now be switched from Binance Chain to Ethereum and back, via RuneBridge. Rune holders can use this to stake Rune on Sushiswap for rewards.

Synthetix Optimism Transition Plan

kain.eth @kaiynne

Check out the transition plan for Synthetix migrating to OΞ.

blog.synthetix.ioThe Optimistic Ethereum TransitionWith the launch of Optimistic Ethereum (OΞ) mainnet in a few days we are entering a new era for the project, OΞ presents an opportunity to scale the protocol but it also presents a number of challenges. One of the most critical is how to gracefully transition from L1 to a protocol running on both L1…

Synthetix has released its optimistic L2 transition plan. Similar to Ethereum 2.0’s multi-phase rollout, Synthetix will also transition its project over time.

The first phase is described:

Phase 0
One way SNX bridge from L1 to L2 including escrowed SNX
SNX & sUSD will be non-transferrable on L2
Minting of non-fungible sUSD
Claiming of SNX (funded via the sDAO)

Find out more in the link above.

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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