Today in DeFi - Yama Live on Arbitrum, Balancer Halving, Farming on Arbitrum, and More...

Yama Live on Arbitrum

Yama Finance 💹 @YamaFinance

💹💹💹 We're LIVE on Arbitrum!! 💹💹💹 Come leverage up to 17x on GLP or get double-digit yields on your USDT 💰🤑 yama.finance

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 @Balancer

The one-year anniversary of $veBAL is here 🎉 BAL is about to undergo the first installment of its emissions drop. Let’s dive in 🧵

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

veKARO @elemoghenekaro

SafeDAO Vote on Token Redistribution

messari.ioCrypto Research, Data, and ToolsGain an edge over the crypto market with professional grade data, tools, and research.

SafeDAO voted to redistribute 50% of unclaimed airdrop tokens to those who had claimed them prior.

Sunsetting Lido on Polkadot & Kusama

Lido @LidoFinance

As of August 1st, 2023, development and operation support for Lido on Polkadot and Kusama will be discontinued. To learn more about the process and timeline, please see mixbytes.io/blog/mixbytes-….

mixbytes.ioSunsetting of Lido on Polkadot and KusamaFrom Aug 1, 2023, MixBytes will cease Lido’s Polkadot & Kusama support. The team is considering technically backing a dedicated DotSama native liquid staking solution.

Lido will sunset support on Polkadot and Kusama due to ‘a few key challenges under current implementation that led to unmet financial expectations’.

USDC Farming, Lend to Farm on Arbitrum,…