After covering numerous DeFi protocols and trying them out, we are planning to write educational content about yield farming in the next newsletter. So don’t worry if everything is confusing, guides are coming! Meanwhile, we’re expecting a positive week for Bitcoin traders.
Yfv Finance plans to migrate liquidity from Balancer. YFV DeFi protocol will transition to Value Liquid and launch the VALUE token.
Cream Finance launches on Binance Smart Chain opening up the DeFi lending protocol to the Binance Ecosystem. That is over 400,000 users and 140 different fiat gateways!
What is SashimiSwap? A new DEX by aelf, aims to become the fairest decentralized exchange for rewarding liquidity providers with SASHIMI tokens. Plans for cross chain DeFi!
SushiSwap’s development funds returned. Chef Nomi returns the $14M worth of Eth taken from the project’s dev funds. Expect SUSHI buyback!
Also take note
- bZx Network: bZx suffered security issues for the third time, after a much anticipated re-launch. As a result, BZRX price dumped by over 30%.
- Binance Launchpool: Users can now stake BNB or BUSD to earn Bella Protocol BEL tokens and also WING tokens for the credit based DeFi platform Wing Finance.
- Elrond Network: Announced a Catalyst sale for EGLD tokens on Bitfinex, which will start on September 23rd. Participants will receive a 25% bonus.
- Yearn Finance: the new product StableCredit will start its open alpha this week. Meanwhile, YFI reached a new all-time-high of $43,678 over the weekend.