Today in DeFi - Rari Launches Lending, Index Leveraged Tokens, and more
Rari launches Lending
Rari Capital has done a guarded launch of Fuse, its foray into the lending industry. Rather one large pool, Fuse lets community members create isolated lending pools.
Each pool has its own assets, interest rate curve, oracle and more, allowing the risk parameters of each pool to be customized. The isolated pool design is similar to Curve finance and helps isolate risk of collateral collapse to the pool that collateral is in. This allows the protocol to take on higher risk, higher volatility assets like SOCKS, without risk contagion to other pools.
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
Index Leveraged Tokens
Index Coop is introducing leveraged tokens. FLI allows users to leverage up, while having liquidation benefits compared to traditional leveraged trading. The first token to be released is an ETH2x token.
While leveraged tokens sounds like a simple idea, there is a lot of nuance under the hood. I recommend reading the Medium for the details.
Alpha live on BSC
Alpha is now live on BSC
Fractional Art
Fractional art is a projet promising to fractionalize NFT ownership. While an interesting concept, so far I only see a medium article and twitter.
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