Today in DeFi - Enzyme Finance, Auctus x Binance, and More
Enzyme Finance
Melon protocol, perhaps Ethereum’s first asset management project, is undergoing a major upgrade and rebrand. Enzyme Finance is essentially Melon v2 and introduces:
Synthetic Assets
Many more assets
Yield farming opportunities
Dex aggregator integration
Find out more in the Medium article
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
Auctus x Binance
Options protocol Auctus is partnering with binance to bring options to Binance Smart Chain. This will not only add options capability to BSC but also allow users to buy and sell options on BNB.
ARMOR Protocol
Armor, another insurance protocol, has launched. Armor features pay as you go, pay what you owe insurance, and is build on top of NXM.
However, currently you can only farm the token. The insurance product is not live yet, but slated to be coming soon.
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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