Today in DeFi - Opyn V2, DIGG Details, and More
Opyn V2 Launched
Opyn V2 is launched on mainnet. Opyn V2 increases the capital efficiency of the protocol and uses European instead of Opyn V1βs American options.
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:Β https://aave.com
DIGG Details
DIGG, βAn elastic supply token pegged to the price of Bitcoin and governed by the Badger DAO.β, is launching soon. Find out if you qualify for the airdrop in the thread above.
LIDO St. ETH Vault
In conjunction with Yearn devs, Lido Finance now has an interface for their ETH 2.0 staking service. It should be noted this is experimental software.
yCredit
Andre Cronje has just released yCredit.
βBuilt off of theΒ original stable credit, yCredit allows users to deposit ERC20 tokens and receive a 99.5% USD based credit line represented via the yCREDIT ERC20 token.β
The supported collateral includes: AAVE, BNB, BUSD, CRV, COMP, DAI, ETH, LINK, MKR, REN, renBTC, SNX, SUSD, TUSD, UNI, USDC, USDT, wNXM, wBTC, YFI
You can check it out at https://ycredit.finance/ , but keep in mind this is experimental software which can be economically exploited - the article literally says that.
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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