Today in DeFi - InsurAce Launches, Badger Bitcoin Bridge, and More...
InsurAce Launches
InsuAce, which is a portfolio insurance protocol, launched on mainnet.
This new comer has 60% lower premium than other products in the insurance sector. Users can insure a whole portfolio on InureAce with 50% lower gas fee than insuring protocols separately, and thereโs no KYC required for InsurAce users.
More details about InsurAce can be read here.
Sushiswap
Today in DeFi is sponsored by Sushiswap.
Sushiswap is a DeFi-Native DEX which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.
Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.
Check out Sushiswap atย Sushi.com, or try the Bentobox/Kashi beta atย staging.sushi.com
Badger Bitcoin Bridge Launches
BadgerDAO launches Bitcoin Bridge with RenProtocol, which allows users to earn yield on their tokenized Bitcoin on Ethereum. Badger also launches the Bridge Mining Program to incentivize bitcoin transfers with nearly $6m in user rewards.
Bancor xBNT Live
Built by xToken, xBNT is a staking solution for automated yield optimization on Bancor liquidity pools. Users can deposit BNT at xTokenMarket and xBNT will maximize profits and re-stake automatically, without costing users gas fees.
WildCredit Launches, Encounters Issues
WildCredit launched its AMM+lending protocol as an alpha prototype on mainnet. Soon after, a bug was found and the link to the product was taken down. The team promises to fix and redeploy soon.
WildCredit distinguishes itself as both an AMM and lending protocol, where LPs can supply single sided assets without IL.
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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.