Today in DeFi - Yearn x Sushi, ETH 2 Genesis, and more

Yearn x Sushi

Andre Cronje @AndreCronjeTech

Yearn x Sushi 行ってきます

Yearn is now merging SushiSwap.

Synergies:

• Sushiswap will complete and launch Deriswap in collaboration

• Integration of Keep3r inside Sushibar v2

• Yearn strategies will use Sushiswap moving forward

• Yearn will help create xSushi vaults so people can earn SUSHI-ETH-YFI-wBTC.

• Keep3r will move the full treasury as liquidity to Sushiswap KP3R/ETH (~$11MM)

• Keep3r will implement on-chain limit orders, stop loss, and take profit for Sushiswap LPs

• Keep3r will offer gasless swaps via MetaWallet for Sushiswap trades

• Sushiswap will be involved in a stealth project following Deriswap release with Yearn

• Sushiswap money market will be launched that uses Sushi LP as collateral

• Cream protocol reserve will provide liquidity to Bento Box

• Cover agnostic protocol will launch to use SUSHI as coverage and allow covSUSHI to cover individual pairs, such as CLAIM-SUSHI-WETH-WBTC

• Coverage money market will include Sushiswap perpetual coverage

• 0xMaki will lead the AMM arm of yEarn

ETH 2 Genesis

ETH 2.0 Phase 0 is live! You can monitor it here.

Binance @binance

Want to earn up to 20% APY on your $ETH? #Binance Staking has launched support for ETH 2.0👇 binance.com/en/blog/421499…

binance.comBinance Supports ETH 2.0 Staking | Binance BlogWe’re launching support for ETH 2.0, allowing users to gain staking benefits from the ETH 2.0 upgrade. Participate and get an introductory APY of up to 20%.

Binance has launched support for ETH 2.0 staking and Coinbase has announced plans to do so as well. More exchanges and staking platforms should be expected to announce similar programs soon.

PowerIndex

Power Pool @powerpoolcvp

🎱 PowerIndex.io 🎱 Supply liquidity to PowerIndex in one transaction using $ETH $DAI $USDC $DPI! Or you can use 8 different tokens like in good old days (multi-asset). 🎱 #PowerIndex yield farming and LP rewards activated! Are there any degens left? $CVP #PowerPool

powerindex.ioPower Index - Smart DeFi IndexBuy 8 DeFi blue chips at once: receive rewards, take part in fund management, and the protocols governance. The PowerPool is a protocol for pooling the governance tokens on Ethereum.

PowerPool has announced the PowerIndex, an equally weighted index of:

• AAVE

• SNX

• COMP

• MKR

• YFI

• CVP

• wNXM

• UNI

Similar to PieDAO’s DeFi indexes, and IndexCoop’s DPI, this is a single ETF-style fund. However PowerIndex distinguishes itself with additional functionality - the ability to receive rewards and participate in governance of the underlying protocols as well.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned