Today in DeFi - Premia Options Launches, Aave Liquidity Incentives, and more...

Premia Options Launches

Premia - Options Platform @PremiaFinance

After months of intense work Premia is live! The decentralized options protocol & marketplace we have built is now up for you to explore. We welcome you to take part in our launch event, the PBC. Learn More about the PBC Below! 👇👇👇 medium.com/premia/what-is…

Premia Options is live, and they will be launching their token soon. Unlike most other options platforms, this one will support defi tokens.

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

Aave Liquidity Incentives

Nick Chong @n2ckchong

We @paraficapital just rolled out a liquidity mining proposal for @AaveAave v2. Let's take a look at what the proposal is and why we think Aave can benefit from it being implemented. 👇

Parafi capital has proposed liquidity incentives for Aave. This would distribute 500 staked AAVE (stAAVE) to key pools. Using staked aave helps reduce selling pressure - as there is a 10 day cooling period. This incentive proposal would help Aave stay competitive with Compound, which already has a liquidity mining program.

Synthetix has a new incentive and mechanism for shorting BTC and ETH through sBTC and sETH. The reason behind this is to help neutralize the debt pool - which is heavily weighted long BTC and ETH.

ARMOR Drama

kferretcrypto @kferretcrypto

Developing story about how @ArmorFi and @AzeemFi is stealing $1.6 million from me. I am the purchaser of @NexusMutual cover #1804, which is now likely worth a 1,000 ETH payout ($1.6 million) and has no loss requirement. I bought this in September 2020. Details follow:

User kferretcrypto claims to have been shafted out of $1.6M from Armor. kferret claims that he purchased NexusMutual cover for yearn, which is now worth 1000ETH.

In the official statement, Armor denies wrongdoing, signing off with “umadbruhh”.

which seems to be a Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned