SUSHI Vesting Snapshot, Yam Finance uVOL, Reddit and Ethereum Foundation Partnership
Decentralise Daily #94
📰 Decentralise Daily #94
Decentralise Daily is the 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:
🍣 Sushiswap SIMP3 Snapshot: Vesting
A Snapshot is live with four options for distributing vested SUSHI.
Three months ago the Sushiswap community added 2/3 reward vesting for 6 months. With that date getting closer there is approximately $300m of SUSHI to be distributed.
The options include airdropping all the SUSHI at once, spreading the drop monthly, a claims approach similar to Balancer, or a combination (airdropping amounts under 1000 SUSHI to save smaller users from the high gas costs of claiming).
All of the options would remove the vesting policy.
Preliminary forum polling showed a marginal lead for the combination approach.
Join the forum discussion here and Discord community here.
🥧 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.
🍠 Yam Finance uVOL
Yam Finance and UMA have announced uVOL-BTC, a token that let’s users speculate on BTC volatility, settling every month.
uVOL-BTC will be the first, with uVOL-ETH expected next. uVOL is part of the DegenerativeFinance suite of products and follows uGAS, a futures token allowing users to hedge gas price volatility.
Overtime uVOL-BTC is expected to be an effective crypto market sentiment gauge.
Yam Finance are fast becoming a powerful DAO tackling a broad range of innovative financial products.
Stay up to date with developments with the recently launched weekly newsletter, and join the Discord community to get involved.
Ξ Reddit Announces Partnership With Ethereum Foundation
Reddit has announced a partnership with the Ethereum Foundation.
The first move will be expansion of Community Points, rewarding their 50m daily users for their submissions and contributions.
Community Points are currently on the Rinkeby testnet being trialed on r/cryptocurrency and r/FortNiteBR.
Reddit have also stated they will focus on assisting with scaling, with all developments open-source.
🗞️ Previous Newsletter:
🥒 Pickle Finance Announce DILL, Alpha Finance v2, PieDAO Exchange
Decentralise is sponsored by PieDAO.
Join the PieDAO community.