Today in DeFi - Sushi Bento Live, Ribbon Theta Vaults, and more

Sushiswap Bento Live

BoringCrypto @Boring_Crypto

Aaaaand... it's live... exchange.sushi.com/#/bento ...on ETH and BSC #Kashi #BentoBox #Sushi #Sushiswap

exchange.sushi.comSushiSwap Interface

Sushiswap’s BentoBox is live on production mainnet for Ethereum and BSC. Users can goto exchange.sushi.com/#/bento and use Kashi to lend or borrow assets or trade them on leverage. Isolated pairs lets kashi reduce risk while supporting long tail assets.

Sushiswap

Today in DeFi is sponsored by Sushiswap.

Sushiswap is a DeFi-Native DEX which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.

Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.

Check out Sushiswap at Sushi.com, or try the Bentobox/Kashi beta at staging.sushi.com

Ribbon Theta Vaults

Ribbon Finance @ribbonfinance

Today we are launching the Theta Vaults, a new type of yield product that generates yields through an automated options strategy. Read more here 👇 ribbonfinance.medium.com/theta-vaults-a…

ribbonfinance.medium.comTheta Vaults Are Now LiveWhen people enter DeFi for the first time, one of the most common questions they ask is “where are the yields coming from?”. A huge driver for high yields comes from the fact that traders are…

Ribbon Finance, a structured product project, has launched their first product, the Theta Vault. “The Theta Vault runs an automated covered call strategy on $ETH and reinvests premiums earned on a weekly basis, effectively compounding the yields.” Backtesting shows the strategy can earn 30% APY on ETH, an extremely high organic high yield.

Enso Finance out of Stealth

EnsoFinance @EnsoFinance

1/5 Announcing Ensō Finance where your strategies are only limited by your imagination. Access alpha yield farms, batch yield farms, batch AMM purchase, flash swaps, collateralization, and restructuring all within one UI.

medium.comEnso Finance Raises $5m To Enable Composable Trading Strategies and Social Trading in DeFiThe idea for Enso was first born at ETHCC2020, when Ethereum smart contract composability became a major topic in the ecosystem. We started with a problem that we had as individuals where we could…

Enso Finance, a decentralized trading strategy platform is out of stealth. Enso promises users the ability to construct strategies which access any DeFi ERC20 token(current platforms are more restrictive), and also will have social trading features similar to eToro or dHedge.

MakerDAO is proposing to join forces with AAVE, allowing DAI to minted against aDAI (DAI collateralized in AAVE), this allows AAVE to manage its variable borrowing rate - if there is excessive DAI demand, additional DAI could be minted, reducing DAI supply constraints and easing borrow rates. In addition, this would allow DAI to be more easily expanded to L2s or sidechains that AAVE resides on.

You can discuss the proposal in the discussion above.

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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