Today in DeFi - Saddle Finance, SushiSwap x FuruCombo, And more...

Saddle Finance

Saddle @saddlefinance

Saddle launched today with lots of chatter right out of the gate 🏇 Check out our post regarding early transactions that occurred shortly after the dApp was launched 👇 medium.com/saddle/update-…

medium.comUpdate on Saddle’s LaunchToday Saddle launched with a lot of anticipation and excitement from the DeFi community. The dApp went live around 11am ET. Some of the early transactions were executed with high slippage. From our…

Saddle Finance, a BTC oriented fork of Curve, launched yesterday. However all was not well.

Julien Bouteloup @bneiluj

BTW you guys just got Rekt. x13 btc arb not bad right...? From 12k to 160k 🚀 etherscan.io/tx/0x3c351cea6…

An imbalance in pool assets allowed arbitrage traders to get disporportional amounts of WBTC from early depositors.

With the arbitrage closed, it may be safer for depositors to LP, although I would still advise users to understand how Curve works and read the audit reports for Saddle before depositing.

The risk profile for traders is however, quite different and using Saddle to swap assets should be as safe as using Curve, mStable, or any of the Curve-like AMMs.

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Sushiswap x FuruCombo

FURUCOMBO @furucombo

We are very pleased to announce our partnership w/ @SushiSwap 🍣 The partnership will be a huge milestone for us as it'll be the first cube that is built by the non-Furu team! We believe that our synergy will bring tremendous value to both of our users!🥢go.furucombo.app/zB3of

go.furucombo.appAnnouncing Furucombo and SushiSwap PartnershipSushiSwap is an automated market-making (AMM) decentralized exchange (DEX) currently on the Ethereum blockchain. It’s a community-run project that is governed by the vote of the community for all…

Furucombo and Sushiswap are partnering, with Furucombo integrating Sushiswap’s AMM functionality into their platform.

oBTC+88MPH

BoringDAO @BoringDAO_Defi

1) oBTC holder will be able to Earn Fix-rate APY on oBTC + $MPH through @88mphapp! Please stay tuned!

BoringDAO is partnering with 88MPH, a fixed rate lending platform, which allows users to collect their yield up front (while locking their assets for the term). Find out more in the post .

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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