TVL: $597,985,927 (+.01%)
PRICE: $13,888.56 (+1.1%)
COMP Farming (Testing)
BitMEX Adds YFI Futures
"YFI follows last month’s addition of LINK as we broaden the range of DeFi-linked contracts available on the BitMEX platform."
"As with all quanto products, these contracts have a fixed Bitcoin multiplier regardless of the underlying Altcoin price. This allows traders to long or short each coin without needing to hold the specific coin or USDT. Traders post margin in XBT, and earn or lose XBT as the future’s price changes."
Read more here:
@sambacha posted a yeoman Generator for creating YIPs through wizard
@mattdw proposes yearn.finance create a new product, yPools, similar to yVaults but with increased risk.
This proposal is to create a new segment to complement the yVaults, which we would call yPools. While Vaults have a requirement that a user can be guaranteed to withdraw at least what they put in, yPools would be risk-on investments where things such as impermanent loss would not be outright banned.
@JustinYu would like to Integrate Rari Capital’s $RGT liquidity mining program into yVaults.
If implemented, this proposed change would add the $RGT (Rari Governance Token) liquidity mining program amongst current yVault strategies, giving the yVaults a new yield-bearing farming strategy to increase stablecoin alpha.
(This Proposal is by the Rari Capital team)
Maker Governance + YFI
Read: Yearn Finance (YFI) Hints Major Rebound as Its Pool Attracts $80M in a Day
Read: Yearn Finance doppelganger scam tries to trick visitors out of their keys