Today in DeFi - FuruCombo Token, SushiSwap Onsen, and More

Dec 24, 2020

FuruCombo Token

1/ We're thrilled to introduce you - COMBO Token! Here we wrote you an article to share with you how the COMBO Token will make Furucombo stronger and what are COMBO Token's mission and utilities in the Furucombo V2 ecosystem! Full article go.furucombo.app/26zZv TL;DR🧵👇

go.furucombo.appIntroducing COMBO TokenIt was a mere nine months ago that Furucombo was launched in March 2020, which initially supported only Uniswap V1 swapping and Compound supply features. Back then, it was unclear where DeFi was…

FuruCombo, a roll-your-own zap project, has just introduced its token. Furucombo allows users to create their own flash transactions, which combine several typical DeFi transactions into one. Instead of using Solidity, users can use a simple graphical interface.

The Combo token will be a governance and fee accruing token, as well as unlock premium features.

The token is being announced along with Furucombo V2, which promises to:

“onboard more builders and protocols to maximize capital efficiency;
Integrate cross-chain solutions to tackle the segmentation issue;
Launch pool combo system to let degens become a fund manager to maximize the profit as a whole."

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

SushiSwap Onsen

Jiro @0xJiro

Happy Holidays from the SushiSwap Team To keep you all warm during this time, I'd like to officially announce the launch of Onsen ♨️♨️ Onsen is our new liquidity mining incentivization program, to replace the Menu of the Week.

Sushiswap is announcing a new liquidity mining program. Dubbed the Onsen, it will initially support:
$MKR $OMG $ESD $ANT $PNK $HEGIC $CREAM $PICKLE $DPI $CVP $YETI $ARCH $INJ $BOR $DUSD $DFD $BADGER $zLOT $INDEX $SWAG $JRT $DOUGH $SEEN $UWL $ICHI $ROPE $oBTC $mbBASED $DSD $nTRUMP $UST $FNX $BCP $YPIE $DEFI+L $BASE $DDX $MPH $FRONT $UOP $TRU $ALPHA $AKRO $CRETH2

Allocation will be scaled based on market cap:

100 AP per Midcap (25-100m Market Cap)
20 AP per Lowcap (5-25m Market Cap)
10 AP per Gem (1-5m Market Cap)”

MakerDAO ETH-DAI Collateral

Brian McMichael @brianmcmichael

Dai/WETH @UniswapProtocol LP tokens are now live in @MakerDAO 1% Stability Fee and 125% Collateralization Ratio.

MakerDAO has recently passed an Executive Vote which adds Uniswap ETH-DAI Lp tokens as collateral for minting DAI.

kyoronut | きょろナッツ @kyoronut

An application of newly launched UNI-V2 Maker vault: while keeping ETH exposure same, you can increase LP position solely. With 2x ETH/DAI price change tolerance, 300% c-ratio for bare token and 177% c-ratio for LP token, LP exposure can be 1.4xed. @UniswapProtocol @MakerDAO

As kyronaut points out, this allows for leveraged ETH-DAI yield farming. Hayden Adams also points out other possibilities.

Besides adding ETH-DAI, the recent executive vote also added Aave as collateral.

NFTX Raise

NFTX @NFTX_

New post

nftx.substack.comLitepaper & Token UpdateThe community raise (for NFTX tokens) will begin tomorrow (Dec 22) at 11am PST. There will be a per-transaction cap beginning at 0 NFTX that increases to 50k NFTX over one hour, at which point the per-transaction cap will remain at 50k NFTX and the community raise will stay open until it is filled (…

NFTX is raising for its platform. NFTX is a NFT index fund project which tokenizes NFTs into ERC20s, allowing them to be traded on Dexes.

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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