Today in DeFi - Keep3R Chainlink, Saffron Recovery, and More...

Keep3r Chainlink

Andre Cronje @AndreCronjeTech

Scaling Keep3r with Chainlink

Andre Cronje has announced a partnership between Keep3r network and Chainlink. Keep3r network bots will be eligible to turn into Chainlink nodes over time, and use LINK (instead of KP3R) .

Saffron Recovery

state.eth @statelayer

@psykeeper_ delivered. The 55M DAI that was stuck in @saffronfinance_ has now been transferred to a recovery contract. For a short 3 minutes, he had total control over 55M DAI! All my respect to him cc @LordTylerWard

The 55M DAI stuck in Saffron has been rescued. While not technically lost, it was originally looking like it would be stuck for a while.

Custody Cover

Nexus Mutual 🐢 @NexusMutual

🐢🚨Custody Cover is now live🚨🐢 Contracts are live and open for staking so that users of centralised exchanges and custodians can purchase custody cover. The first 6 custodians are: @CelciusNetwork @BlockFi @NexoFinance @inlock_token @hodlwithLedn @hodlnautdotcom

Nexus Mutual now offers cover for custodial risk. BlockFi, Celsius, and Nexo are some of the offered custody covers.

DeversiFi StarkEx V2

DeversiFi @deversifi

Today we upgrade to the @StarkWareLtd StarkEx V2 scaling engine. This is step one. We will soon be introducing all the innovative features this new technology enables 🚀 Read more on what we have coming below 👇 blog.deversifi.com/deversifi-publ…

blog.deversifi.comDeversiFi Public RoadmapThe journey of a thousand mile[stones] begins with a single step. – Lao Tzu The following blog post dives deep into DeversiFi’s roadmap for the months, and more, ahead. For the full deep-dive make sure to read the full article, otherwise we have condensed the essentials into the TL;DR and high-lev…

DeversiFi, the Decentralized Exchange arm of Bitfinex, is now on StarkEx V2. Starkex is a rollup-based Layer 2 solution. Find out more in the roadmap.

Balanced Crypto Pie

PieDAO @PieDAO_DeFi

Announcing Balanced Crypto Pie ( $BCP). Everything you need in one easy to access token. Equal 33.33% $BTC, $ETH and #defi. The broadest crypto exposure on the market. Read our full announcement and historical analysis here. medium.com/piedao/announc… 👇 Thread 👇

medium.comAnnouncing Balanced Crypto Pie (BCP): BTC, ETH and DEFIThe PieDAO community has been prioritising accessible automated investing strategies since day one. We believe the future of finance is passive and are committed to building products that make…

PieDAO has launched a new Pie. Balanced Crypto Pie is equally weighted BTC, ETH and DeFi. PieDao explains this is to provide an index with relatively non correlated assets.

Visa USDC

Andrew Keys @AndrewDARMACAP

Visa didn't use Bitcoin, but instead USDC on Ethereum... who would've thought?

forbes.comVisa Partners With Ethereum Digital-Dollar Startup That Raised $271 MillionAfter two years of work, Visa is opening up its network to USDC, a digital dollar created by Circle Internet Financial and issued on the public ethereum blockchain.

Visa is integrating USDC. Created by Circle/Coinbase, USDC is a fiat-backed usd stablecoin. USDC will be used for international transfers, and will also be integrated with a corporate credit card. Read more in the Forbes article.

Gas Futures

UMA @UMAprotocol

1/ uLABS has launched uGAS, a synthetic gas derivative. It can be used as a hedge for natural users of Ethereum gas or as a speculative instrument.

medium.comuLABS Gas Futures TokenOver the last few weeks uLABS have taken an idea from the community (credit to Ali Atiia) and deployed an UMA contract onto mainnet with little to no help from UMA’s engineering team. Kevin, as a…

You can now speculate on Gas using futures. UMA Protocol has introduced uGAS, an Ethereum gas future you can go long or short on.

Stablecoin Bill

The Block @TheBlock__

BREAKING: A group of U.S. Representatives has unveiled a new piece of stablecoin-focused legislation called the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act. Press release here:

tlaib.house.govTlaib, García and Lynch Introduce Legislation Protecting Consumers from Cryptocurrency-Related Financial ThreatsWASHINGTON—This week, Congresswoman Rashida Tlaib (MI-13), along with Congressmen Jesús “Chuy” García (IL-04) and Chairman of Task Force on Financial Technology Rep. Stephen Lynch (MA-08), introduced the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, which would protect consumers …

A bill to regulate stablecoins and require issuers to get bank licenses has been unveiled. I recommend not clicking through if you’re trying to have a good day.

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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