DeFi

APY.Finance Raises $3.6 Million In Seed Funding To Develop Yield Farming Platform

  • The company is said to be building a next-generation DeFi, which will allow users to onboard yield farming strategies in a risk/reward optimized way.
  • APY.Finance is further planning to issue a native governance token, dubbed APY, to support decision making on the protocol.

Uniswap Launches UNI Token, Ethereum Gas Fees Hit All-Time High

  • The launch happened after Uniswap's rivaling fork SushiSwap migrated more than $1.4 billion in funds from the original chain in the last two weeks.
  • The allocation of the genesis UNI tokens caused the Ethereum network’s gas fees to skyrocket.

Yam Finance Is Ready To Launch, Again

  • Starting 18 September, users will finally be able to swap their YAMv2 to YAMv3 on a 1:1 basis, with no deadline.
  • This time the protocol will be released after it underwent a full audit, conducted by blockchain security and data analytics company PeckShield.

DeFi Pulse, Set Labs Partner On New DeFi Index

  • Thanks to the new index product, users will no longer have to go through different exchanges in order to acquire their DeFi assets.
  • The index will initially be available on Set Labs' own platform TokenSet, as well as on Uniswap, Zapper, Argent, Dharma and others.

Yam Finance Prepares For Version 3 Launch, YAM Recovers In Price

  • YAM, the platform's governance token, has made a phenomenal recovery and is now trading around the $50 mark.
  • Auditing of the version 3 smart contracts will take a "few weeks" so deployment is expected in mid-to-late September.

The Full Story: Yam Finance’s Rise & Fall & Rise Again

  • A bug in one line of code spoiled the launch of the DeFi project, bringing down the entire ecosystem after a stunning launch.
  • Though many proclaimed the project dead, a two-phase migration plan is currently being put into action, resurrecting the protocol from the underworld.

Aave V2 Will Bring Colossal Improvements

  • After 8 months of preparations, the company finally launched the testnet of their new protocol.
  • The platform brings about extensive improvements such as lower transaction costs, mortgage tokenisations, and better internal operations.