Today in DeFi - Reddit Scales with Ethereum, $OPIUM, and More

Reddit Scales with Ethereum

The Block @TheBlock__

JUST IN: Reddit inks scaling tech partnership with the Ethereum Foundation

theblockcrypto.comReddit inks scaling tech partnership with the Ethereum FoundationPopular online forum site Reddit is partnering with the Ethereum Foundation, according to an announcement made Wednesday. In a post penned by Reddit admin

Social Media platform Reddit will be working with the Ethereum foundation to scale and implement measures such as its Community Points system on the (presumably Ethereum) blockchain.

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

YAM uLABS Volatility Token

Kevin Chan @kevinchan2020

The @YamFinance x @UMAprotocol collaboration continues with the creation of the uVOL-BTC token - a synthetic to trade the volatility of @Bitcoin

medium.comuLABS Volatility Token (uVOL)As a follow up to the UMAxYAM collaboration, uLABS introduces a simple token named uVOL to track the volatility of any asset. YAM Finance will take this idea to mainnet and launch uVOL-BTC, a token…

YAM Finance is introducing the uLABS volatility token. The first asset will be uLABS-BTC, which will track bitcoin volatility.

$OPIUM

Opium @Opium_Network

Our number one priority has always been to decentralize the ownership of and control of Opium Protocol🔐 Today, we have reached an important milestone towards achieving that goal🚀 We proudly introduce the Opium governance system that is governed by $OPIUM medium.com/opium-network/…

medium.comOpium GovernanceThe goal of Opium is to create a synthetic derivatives protocol that can be used by anyone. Our number one priority has always been to decentralize the ownership of and control over Opium Protocol…

Opium, an options protocol, has launched the $OPIUM governance token. Found out more about the token and the distribution above.

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