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.