Today in DeFi - Yama Live on Arbitrum, Balancer Halving, Farming on Arbitrum, and More...
Yama Live on Arbitrum
Yama is live on Arbitrum. Yama issues YAMA, an omnichain stablecoin, and allows users to swap between YAMA and USDT without slippage or fees.
Users can lend their USDT to the PSM to earn yield. Borrowers can borrow Yama against deposited collateral.
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Balancer Halving
Balancer has reduced its BAL emissions by ~16%, dropping from 145,000 BAL per week, to 121,930. This reflects an inflation schedule for halving every 4 years, with a gradual decrease at every veBAL anniversary.
SafeDAO Token Redistribution
SafeDAO voted to redistribute 50% of unclaimed airdrop tokens to those who had claimed them prior.
Sunsetting Lido on Polkadot & Kusama
Lido will sunset support on Polkadot and Kusama due to βa few key challenges under current implementation that led to unmet financial expectationsβ.
USDC Farming, Lend to Farm on Arbitrum,β¦
