📰 Decentralise Daily #114
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.
🪂 UMA KPI Options Airdrop
UMA have announced they are airdropping a KPI Option token to certain DeFi participants.
The token is pegged to the TVL of the UMA protocol, incentivising all receivers to grow the protocol. Upon expiry the tokens will be redeemable for a variable amount of $UMA depending on the TVL.
Yearn Finance, Badger DAO, Yam Finance, Balancer and Sushiswap governance voters will all be able to claim the drop.
UMA is a permissionless synthetics platform incentivizing participants to build their own products.
🥧 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.
🚄 Immutable L2 Partnerships
Immutable’s scalable L2 will be used for Guild of Guardians, a mobile NFT RPG where gamers play to earn and own their digital assets.
Partnership has also been announced with Epics, who are building NFT esports trading cards.
Ruler Protocol Launch
Ruler Protocol launched and hit $100M TVL in one day.
Ruler is a lending platform allowing users to deposit one asset as collateral and receive a different asset. Loans can be traded there are no liquidations provided borrowers pay back on time.
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Sushiswap Multichain, Metamask L2, Decentral Games First Metaverse Employer
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