📰 Decentralise Daily #131
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.
The space moves at lightning pace, so subscribe to get the latest news and market highlights direct to your inbox.
📊 Market Highlights:
Liquity Launch
Interest-free decentralized borrowing protocol Liquity is now live on mainnet.
$100M of TVL was achieved in just four hours, a feat that took Maker two years!
Read the full Decentralise guide to understand just how Liquity and LUSD works.
🥧 PieDAO
Decentralise is sponsored by PieDAO, the community governing tokenised indices.
PieVaults are an industry first, diversified yield aggregators capable of multiple farming strategies.
PieDAO just migrated their large cap index DeFi+L to a PieVault architecture, unlocking native staking and lending across Aave, Cream and Compound.
Force DAO Exploit Post-Mortem
A post-mortem has been released regarding the 183 ETH ($367K) xFORCE exploit
The xFORCE vault is a fork of Sushiswap’s xSUSHI contract, but an engineering oversight allowed an attacker to drain funds.
A white hat hacker managed to prevent further losses, and will receive a bounty.
A Snapshot of the token will take place with the team stating that affected users will be made whole.
Sushiswap LP Rewards
Distribution of the 2/3 of Sushi rewards vested for 6 months has begun.
Liquidity providers will be able to claim a portion of their rewards every Friday.
Unclaimed SUSHI will roll over to the next week.
LPs who earned less than 100 SUSHI can claim an additional 1 SUSHI to compensate for the gas cost of claiming, provided by the operational treasury.
Head to https://exchange.sushi.com/#/vesting to claim today!
🗞️ Previous Newsletter
Aave on Polygon, Opensea & Immutable, and Andre Cronje Explains Coordinape
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Join the PieDAO community.