Today in DeFi - Insrt Live, Vader Shutting Down, On-Chain DCA, and More...

Insrt Live

insrt finance (ShardVault REVEALED) @insrtfinance

insrt finance is LIVE on mainnet after months of nonstop building! Obtaining spot exposure and generating yield in NFTfi is about to become exciting with the ShardVault Deposit here on insrt today 👇 app.insrt.finance/vaults/0x70993…🔑

NFTfi yield protocol Insrt launches on Ethereum. The first deployed vault type is ShardVault, which allows users to take a directional bet that the price of a bluechip NFT collection goes up and farm yield passively.

Vader Shutting Down

Vader @VaderProtocol

We are sunsetting Vader Protocol: medium.com/@vaderprotocol… Existing $VADER and $USDV holders, please visit the webapp to redeem the treasury: vaderprotocol.app/redeem For all technical issues related to the claim, please check in at the <vader> channel on Discord.

vaderprotocol.appVader Protocol - The Father of Decentralized Liquidity.

Stablecoin protocol Vader announces the plan to shut down as the team found no notable breakthrough in the algorithmic stablecoin design that is capital efficient.
The Vader dApp will be available until June 2023 for redemptions.

BitDAO Purchase Program

BitDAO @BitDAO_Official

(1/4) [VOTING] BIP-18: $BIT Purchase Program, Jan 2023 This proposal is a parameter update to BIP-9: $BIT Purchase Program, and BIP-12. ✅ Set the Target Daily Purchase Amount (TDPA) at $2.0M USDT per day starting Jan 1, 2023 for 50 days (total $100M USDT)

BitDAO community is voting on a proposal to spend $100m USDT from the treasury to buy back the token. The vote is closing on the 31st and is likely to pass.

Stacks sBTC

muneeb.btc @muneeb

NEW: we’re releasing two papers that enable trustless movement of BTC in/out of Bitcoin layers; unlocking the full potential of Bitcoin in DeFi & web apps. A trustless two-way Bitcoin peg has been a holy grail problem for a decade. More details👇

Bitcoin L2 network Stacks announces sBTC, a two-way pegged BTC that works similarly to wBTC (wrapped Bitcoin) but without any custodian.

On-chain DCA Tool…