Today in DeFi - Premia Options Launches, Aave Liquidity Incentives, and more...
Premia Options Launches
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:Β https://aave.com
Aave Liquidity Incentives
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
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 βumadbruhhβ.
which seems to be a FollowΒ @todayindefiΒ 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