Compound Gateway, PieDAO DeFi+L adds SUSHI, Monthly DEX Volume ATH

Decentralise Daily #111

Mar 02, 2021

📰 Decentralise Daily #111

Decentralise is the daily DeFi newsletter breaking down the latest news and developments.

DeFi (Decentralised Finance) is a revolutionary movement built on Ethereum providing open financial tools for a global audience.

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📊 Market Highlights:

⛩️ Compound Gateway Prototype

Compound Labs @compoundfinance

Today, we're proud to announce a prototype based on the Compound Chain whitepaper: Gateway is a cross-chain interest rate market that allows you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. CELO).

medium.comIntroducing GatewayGateway is a Substrate blockchain, governed by COMP token-holders on Ethereum. While many bridge solutions rely on wrapping (porting) assets, a cross-chain interest rate market would allow you to borrow assets native to one chain (e.g. ETH), with collateral from another chain (e.g. DOT).

Gateway is a cross-chain interest rate market allowing users to borrow assets on one chain with collateral from another chain.

Running on Substrate, validators earn a share of all interest.

🥧 PieDAO

Decentralise is sponsored by PieDAO, the community governing tokenised indices.

PieVaults are a new product range, diversified yield aggregators capable of multiple farming strategies.

The first PieVault YPIE gives complete exposure to the Yearn Finance Ecosystem.

Mint YPIE gas-free with Oven.

PieDAO’s DeFi+L Adds SUSHI

PieDAO @PieDAO_DeFi

🍣 Sushi x DEFI+L 🍣 As for PIP-46, today we welcome $SUSHI in the large-cap #DeFi Pie. Sushi currently accounts for 8.48% of the Pie and is currently staked in xSUSHI earning 8.54% APY.

PieDAO’s large cap DeFi index now includes SUSHI following a community vote.

As a PieVault that actively uses the underlying assets, SUSHI has been put to work as xSUSHI, giving pie holders a steady stream of income from the share of the Sushi protocol’s fees.

DeFi++ and BCP holders also benefit from the rebalance, as DeFi+L is a sub-pie for these products.