Cover Protocol v2 and Pickle Finance MIC/ USDT Jar - Decentralise #82
Tailored DeFi protection and 9300% stablecoin APY.

Cover Protocol v2

The upgrade will feature further refined coverage options, such as specific protocol vaults or pools, as well as the option to gain exposure to multiple protocols with one token.
COVER tokens are now valued at just $370, ($23m market cap), despite the change to a fixed cap of 70,000 tokens.
Cover Protocol has already been integrated with Yearn, allowing easy KYC-free access to DeFi coverage. CLAIM tokens for each protocol have their own individual AMM pool, and can be redeemed for the underlying 1 DAI collateral if a loss of funds occurs and is verified by governance.
PieDAO
Decentralise is sponsored by PieDAO, community governed tokenised ETFs. PICKLE is included in the YPIE PieVault, a diversified yield aggregator giving complete exposure to the Yearn Finance Ecosystem.
Mint YPIE gas-free with Oven.
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Pickle Finance Launch MIC-USDT Jar


The new jar is currently providing 93,501% APR, although this calculation assumes a year of auto-compounding and will decrease as TVL rises.
The MIC / USDT jar follows the BAC / DAI jar announced earlier this week. Both Basis Cash and Mith Cash are algorithmic stablecoins that incentivize users to burn their stablecoins when they fall below the peg. In theory this should present a low impermanent loss farming opportunity, although this model is still highly experimental.
Pickle also just unveiled a Smart Treasury, an 80/ 20 PICKLE/ ETH Balancer smart pool. Any weekly protocol revenue above $400k is sent to the pool in the form of ETH, constantly adding and incentivising PICKLE buy pressure.
Integration with Yearn is expected in Yearn’s upcoming V2 release. This will also see PICKLE locked for farming boosts in a similar fashion to veCRV.
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