Today in DeFi - yborrow.finance, Opyn reimburses, BAND listing

Aug 07, 2020

yborrow.finance Launches

yborrow.finance launched Credit delegation built on @AaveAave LPs create vaults and assign credit Borrowers can draw their credit line Credit delegation supports smart contract to smart contract. Delegate to a yVault and farm yield with the borrowing asset you prefer

yborrow.finance, yearn finance’s newest application, just launched. One of the first uses of Aave’s new Credit Delegation feature, it allows users to collateralize their crypto to create credit delegation vaults, and borrowers to borrow against them using credit lines. The difference between existing loan platforms is that these are undercollateralized loans.

yearn.finance @iearnfinance

yearn.finance updated; yTUSD, yLINK, yaLINK added Disclaimers - Extremely experimental, DO NOT use - 0.5% risk fee - APR will not be reported - Do not risk your funds This is a request for review, do not use unless validated

yborrow.finance is just the latest in Yearn Finance’s latest updates. Earlier this week, Yearn added yTUSD, yLINK and yaLINK vaults (non-credit delegated).

As with all new Yearn products, users should be aware that these are unaudited smart contracts and consider it experimental code to be used only with caution.

Opyn Reimburses Users

opyn @opyn_

Updates on today's exploit: we have the utmost respect & empathy for our early users & want to do right by our community. We will be reimbursing ETH put sellers in full who were affected by the vulnerability. We will have more details re reimbursement process in the next 3 days

After an exploit that saw 371k USD drained from Opyn ETH Put contracts, Opyn has decided to reimburse affected users.

BAND Listing on Coinbase Pro

Band Protocol, a cross-chain oracle project, is listing on Coinbase Pro. A relatively Asia-focused project so far, this new listing may raise its profile with American investors and projects.