Today in DeFi - yInsure NFTs, Pickles, Burgers

yInsure NFTs

Rarible @rariblecom

Today we're releasing support for NFT #yinsurance, launched last week by @iearnfinance and underwritten by @NexusMutual to cover DeFi protocols risks. Example: this contract is covering 200 ETH worth of @BalancerLabs smart contract risk valid until 27 October 2020

yInsure, a permissionless smart contract insurance product from Yearn Finance, is now available in NFT versions. This means that besides the primary market of yinsure.finance - where covers are completely sold out - you can also trade these ‘yNFTs” on the secondary market. Here is an example of an NFT for Balancer coverage.

Pickles 🥒

sc👀py tr👀ples @scupytrooples

Ok, I will try. One of the more interesting yield farm type projects to spin up is pickle finance. Their goal is to help to bring DAI and sUSD back to its #1 peg. Continue reading to hear how. /1

ShamelessPlug.eth @_Shameless_Plug

Imagine trying to explain this to your Mom on bookface... https://t.co/X2d2N7NkxA

Pickles are pumping. What are Pickles you ask? Pickle.finance is a farming project that has a mildly altruistic cause - bring stablecoins to peg. By shifting the highest rewards to the stablecoin most above peg, Pickle incentivizes degen— err i mean DeFi enthusiasts to buy that coin and push the peg down.

ScoopyTrooples has an excellent explanation here.

Burgers 🍔

CZ Binance @cz_binance

BUIDL it, and they come. I do not know who built this one, but it's already live on #BSC. BurgerSwap

burgerswap.orgBurgerSwap

BurgerSwap, a Uniswap clone, has launched on Binance Smart Chain. Binance Smart Chain (BSC) is the latest iteration of Binance Chain. While the previous version of Binance Chain supported transactions on Binance Dex, this new version supports EVM-Compatible smart contracts. This means BSC has cross-chain capabilities between Binance Chain and Ethereum.

BurgerSwap is the latest farming project on Binance Smart Chain, with Bella another, more centralized example. DeFi with CeFi characteristics may become more and more prevalent as this space moves forward.