Today in DeFi - Pendle Testnet, mUSD Upgrade, and more

Pendle Testnet

Pendle @pendlefinance

TESTNET HAS LAUNCHED! 👀 Head over to testnet.pendle.finance to try Pendle out!

Pendle, a fixed-income defi project, has launched on testnet. Pendle incentivizes yield markets, allowing holders of yield generating assets to sell their rights to yield for upfront cash, while buyers gain exposure to yield without having to stake underlying assets.

Read the medium article for details.

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

mUSD Upgrade

mStable 🧮 @mstable_

$mUSD upgrade and migration will be happening next Monday 22nd March! ⏰ The newly upgraded bonding curve will be able to flexibly target bAsset weights, guarantee a minimum amount of liquidity, be more composable and likely increase swap volumes.

medium.commUSD Upgrade Coming UpmUSD’s basket of stablecoins has so far allowed swapping according to a constant sum market maker. Meta Governors recently decided to upgrade this bonding curve to Stableswap, which will address some…

mStable is upgrading mUSD. It will now use Stableswap - the bonding curve developed by Curve Finance. It will also update its basket of assets from: TUSD, sUSD, USDC, USDT to DAI, USDT, sUSD, USDC.

Anchor Live

Anchor Protocol @anchor_protocol

1/ We’re thrilled to present Anchor -- powered by Terra. Anchor is now live in the web app link below! app.anchorprotocol.com

coindesk.comAnchor Launch Puts UST in the Stablecoin Race Against DAI - CoinDeskTerraform Labs just activated Anchor, a DeFi protocol promising 20% returns that the firm says will help its stablecoin overtake DAI’s market cap.

Anchor from Terra is now live. Anchor is a decentralized money market and savings protocol built on top of the Terra blockchain. It promises 20% yield for depositors, driven by PoS blockchain staking yields.

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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