Yam's Umbrella Insurance, Secret Network Mining, Aragon Team Quit - Decentralise #83

Plus the latest from Andre on IL protection

Jan 12, 2021

Yam’s Umbrella Insurance Alpha

We're happy to share that our internal alpha testing has begun! Umbrella, by the @YamFinance community, has the potential to become a critical lego for DeFi by offering - customizable pool creation - intuitive experience - reliable NFT-based protection

medium.comUmbrella Internal AlphaWe are excited to share that internal alpha testing has begun for the Umbrella protocol. Umbrella has the potential to become a critical lego block for the DeFi ecosystem by offering customizable…

Yam’s Umbrella has begun internal alpha.

Umbrella uses NFTs to allow ‘set and forget’ coverage amount and duration.

Yam recently voted and removed their rebase mechanism. The token is now valued around $2.

Read the litepaper and Decentralise’s breakdown of the design.

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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Secret Network Launch Bridge Mining

𝕊ecret Network @SecretNetwork

Bridge mining is here 🌉⛏️ Starting January 12th, lock your $ETH and ERC-20s on the Secret Ethereum Bridge and you can mine for your share of 500,000 $SCRT! Stay tuned for more rewards as part of privacy-preserving Secret #DeFi, including the Secret AMM. scrt.network/blog/secret-et…

scrt.networkSecret Ethereum Bridge Update: Mining is Coming to Mainnet!Starting January 12th, lock your ETH and ERC-20s on the Secret Ethereum Bridge and you can mine for your share of 500,000 SCRT!

Secret network have launched their Ethereum bridge mining campaign.

500,000 SCRT is available to earn.

Secret enables private transactions by default.

Here’s a full list of available tokens: $YFI, $UNI, $BAND, $COMP, $LINK, $AAVE, $KNC, $SNX, $OCEAN, $MKR, $DAI, $USDT, $TUSD, $WBTC and $ETH.

Aragon Team Quit

Jorge Izquierdo 🦅 @izqui9

Today I resigned as Aragon One's CEO. Leading this team has been the privilege and adventure of a lifetime and I am immensely proud of what we achieved. I feel quite sad that it's come to this, but given circumstances following, I don't think I can keep doing a good job.

Most of the Aragon team have quit following internal disagreements over the project’s recent actions and values.

There have been unconfirmed reports of ICO funds being spent without consultation.

Andre Cronje on IL protection

Today’s blog post from Andre outlined a method for impermanent loss prevention through single sided swaps. Check it out.

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