Today in DeFi - Secret Mainnet, Alchemix announced, and more...
Secret Mainnet
Secret Swap is live on Mainnet. Secret Network is a privacy-preserving blockchain based on Cosmos/Tendermint. Secret Swap is a Uniswap-like dex on Secret Network. Because of an Ethereum Bridge, Ethereum assets can also be traded on Secret Swap.
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
Alchemix Announced
Alchemix has announced its project. Alchemix is a Maker-DAO like system where users can deposit DAI to mint alUSD, up to 50% of the collateral value. alUSD is a stablecoin pegged by the protocol to the price of DAI. The way that alUSD is pegged, βTransmutationβ- where yield is distributed to alUSD hodlers, means that alUSD represents a claim on future yield.
DoDo V2 Public Beta Live
DoDo V2 Public Beta is now live.
Saffron V2
Saffron Finance will launch Saffron V2 on BSC and Ethereum. V2 will introduce new pool types:
market rate
IL Mitigation
Perpetual Staking
Fixed Interest
To sign up for the beta click through to the medium article.
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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