Connect with us

Hot Projects

Deriswap: What you Need to Know

deriswap
rss

Deriswap launched defi legend Andre Cronje – the founder of Yearn Finance

The founder of the revolutionary DeFi protocol Yearn. Finance, Andre Cronje has been an avid crypto promoter. In his attempt to bring products that will redefine the industry, Andre Cronje has introduced a new project.

Dubbed Deriswap, the new protocol will meld the different segments of DeFi including swaps, options, and loans all in one platform. His latest project ‘Deriswap’ is a move towards bringing capital efficiency, something which has not been envisioned in the industry. 

In a post published Cronje said:

“Deriswap allows for a consolidated, capital-efficient market for trading, Options, Futures, and Loans, allowing LPs [liquidity providers] to keep their exposure and enjoy additional fees and rewards,” 

Deriswap information has been restricted to a point because it is still under audit. He has explained that this new protocol would immensely benefit liquidity providers(LPs) in addition to maintaining exposure and extending additional rewards. There are many popular protocols that enable swaps and loans, however, Deriswap varies in its ability to offer multiple functions within one contract. 

Cronje has been around for some time and has already participated in a lot of projects. His other recent projects include Eminence and Keep3r. Eminence garnered the ire of critics as the gaming platform was hacked for $7 million in users’ funds.

But Andre Cronje’s popularity and his intellect with respect to the industry have been always high which is why despite all the earlier troubles people have been funding the contract even before the project has been audited and announced. 

deriswap

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Hot Projects

Visor Finance (VISR): The YFI for NFT’s?

visor finance
rss

Visor Finance: A smart user-controlled platform to interact with DeFi protocols

Within the realms of liquidity mining in the decentralized Finance sector, there are several issues that need to be supervised. Right from discoverability and reputation to programmability to the security of liquidity, the issues are hard to deal with. 

Visor Finance is a truly ground-breaking protocol that overcomes this issue and works towards building the liquidity mining protocol. Its solution aims to mint and interacts with NFT Smart vaults where users will have the ability to interact with the existing DeFi protocols but with their VIsor NFT’s. The team put up a great FAQ for beginners here.

This implies that in a Liquidity rewarding program, rather than depositing tokens in the project’s smart contract, the users lock them to their NFT and will still be eligible for rewards. 

Key aspects of Visor NFT

NFT’s or non-fungible tokens are everywhere. It was once just an obscure part of the blockchain technology world but its boom has led to a sudden embrace in its entirety. NFTs are usually associated with digital art or in-game assets but Visor Finance has implemented an NFT for a use case that is not related to art or game but it has been designed to interact with multiple DeFi protocols. 

Let’s take a look at some key aspects:

  • Visor NFT will act as the key interface between the user’s funds in custody and DeFi protocols to which they interact with. Every single Visor is easily identifiable by its singular string of digits which also is a complaint ERC721 id. 
  • During its liquidity mining program, the user funds are immediately unlocked without any counterparty risk during the mining program if needed.
  • Assets can also be assigned to diverse liquidity mining programs. This can be done without the need for the assets to leave user custody and attaching it to the required endpoints. 
  • The best part is that the user funds are quickly discoverable by liquidity mining programs. The platform users can then authorize staking and unstaking to their Visor NFT for reward distribution. 

Benefits of the platform

VisorNFT allows users to lock assets into several concurrent liquidity mining reward programs. The users will have the ability to sign ahead in time permissions for top DeFi platforms at the protocol level. The owner of the vault can submit a signature for assets in the vault to become collateralized. The user-controlled contract vault also has something called the Visor’s factory which will allow for the introduction of updates and extensions to the Visor NFT without breaking compatibility across reward platforms. There are several contract templates which the users can choose for minting new versions of the Visor NFT. 

Visor also aims to keep the NFT with its unique ID and immutability with several paths for upgrades and extensions. The purpose of the upgrades will be for easy migration of assets through the web user interface.

How do the upgrades take place?

The Visor smart vault factory boasts an ownable admin. The admin will be able to introduce new templates for upgrades and extensions to the Visor smart vault. They will also set the default behavior for active templates. Visor Finance strives to pass on these rights to the community and with more developments, it intends to make it their top priority. 

The Visor Factory will also have a default active template which will also double up as the stable release of the Visor Smart vault. Users will have the go-to choose alternative templates to mint for different reasons. The canonical release will be considered the default and will be put under upgradation consideration only after it has been discussed with top industry leaders.

visor finance

Liquidity Bootstrapping pool

The Visor community participated in the liquidity Bootstrapping pool with full zest and enthusiasm. The event in association with Balancer Labs was a huge success and marked the successful launch for Visor Fiance. More than 900 addresses participated in the Pool event.  450 people also went through the NFT minting process through the web UI and now own their Visor NFT smart vault. 

It also has brought about two governance proposals which were suggested by the Visor community members. Based on their suggestions and inputs, the team has adjusted the rewards program as given below:

Proposal 1: Additional communities for Phase 1 consideration

Proposal 2: Very active participants in DeFi, why not adding INV and RULER

The whitelist rewards will be extended to many other active DeFi communities which have active snapshots and run liquidity mining programs. It will also extend to those communities which run yield farms that will align with the use-case of Visor. The proposals at the end will allow for greater participation in phase one of the rewards program but will also accelerate the overall use of the Visor NFT. 

Hence, in essence, Visor NFT is a user-controlled systematic, hassle-free vault that holds assets, and provides safe exposure to DeFi protocols without giving up on custody. The Visor NFT is not about those properties that are manifested in the art of in-game assets.

They go a step ahead to utilize and assist in accelerating NFT’s capacity for being singular, unique for different purposes. For the user, this is a golden opportunity to expose their vault’s history of past interactions with DeFi protocols with Merkle roots of hoards of permissioned addresses, enhanced liquidity visibility more so at a network level.

The users are at liberty to choose their own strategy but they will never have to relinquish their assets. The community per se values being given the autonomy to choose and since the Visor NFT platform is all about user-control it will help in the wider and higher participation in future developments. The platform is now looking to integrate with projects to implement their rewards program in order to be compatible with the UniversalVault standard that the Visor NFT uses. 

Rewards go live Monday, more details can be found here.

visr

Visor Finance CoinGecko: https://www.coingecko.com/en/coins/visor

Visor Finance Vault: https://vault.visor.finance

Visor Finance Twitter: https://twitter.com/VisorFinance


DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Thanks for reading about Visor Finance!

Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.



DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading

Hot Projects

Delta Token : DEX Gamechanger Launching Soon. Will it be a Uniswap Killer?

rss


Delta Token : Here’s what you need to know

Delta Token is the tokenized version of partially locked liquidity that will run on the soon to be launched, next-generation decentralized exchange called CoreDEX.

The new Delta token launched by Delta Financial (from the cvault.finance team) will play a significant role in changing the norms of DeFi and DEX’s in general.

The cvault. finance team makes their new entry to space with CoreDEX, continually pushing the boundaries, and it’s as revolutionary as ever.

Uniswap was fantastic when it first came out and still is in many ways, yet it is fairly one-dimensional.

This next-generation decentralized exchange is like Uniswap on steroids. It’s a magnificent thing to behold-offering not just token swaps a la Uniswap, but also:

  • Collateralized loans
  • Options Trading
  • Leveraged Positions
  • Locked Liquidity futures
coredex

The connection between the underlying assets and options markets often takes longer because the options trading market is often marred by a highly illiquid nature vis-a-vis the spot markets. The poor liquidity position in the options markets has led to an undue and uncalled-for increase in premiums in options prices. The ratio of low liquidity and the high premium is inversely proportional which also makes them highly volatile. 

Delta Financial is entirely aware of the apparent loophole and has solutions and liquidity standards enabling it to deploy an on-chain options layer so that it can scale up to meet the market forces. 

Delta Financial has two types of liquidity:

  • Open vesting liquidity that takes place through the Delta vesting schedule
  • Permanent Locked liquidity

Open Vesting Liquidity

Apart from utilizing that locked liquidity, the CoreDEX will also offer a new type of liquidity provision called Open Vesting liquidity. With this new provision temporarily locked liquidity will be offered to those who are looking to participate in CoreDEX without the need to buy CORE LP. 

One of their team members 0xdec4f said this:

The team studied the trends in DeFi a lot and saw that while locked liquidity creates certainty, it does not attract as much capital inflow as “free” liquidity does. You can see this in protocols such as Uniswap or Sushi.

We saw billions in TVL being moved from Uniswap to sushi over a very short time and that shows also the disadvantage of this type of liquidity. If it’s free to move, it will move wherever it can get the most value.

That’s when the team realized that currently, we have two extremes when it comes to liquidity.
Free Liquidity (sushi/uniswap) <———> locked liquidity (CORE)

Both have advantages and disadvantages. Instead of picking up free liquidity and adding that to the platform we decided to develop a new form of partially locked liquidity and tokenized it, and that’s what Delta is.

The funds raised in the initial staking window will be used by the team to fund Delta’s long-term development. Out of the total, 26% will go to build strategic partnerships and 10% will be kept aside for research and development. 

CORE can be locked in the CoreDEX migration contract and earn fees from CoreDEX alpha and beta. This will be until the testing phase after which the platform will stabilize further and the user can be done as planned. The team is basically building two sections for coreDEX namely:

  • CORE will focus on sustainable yield generation. This will take place through token trading and lending products. 
  • DELTA will address the dearth of options and futures in the market and will go a long way in curbing and eliminating impermanent loss. 

The new product combinations combine to create a system for options liquidity providers. This way it will remove impermanent loss because the system has been built from the ground level to ensure liquidity provision.

Delta Token Vesting Schedule

Delta has an innate vesting mechanism built on its token which is pushed when a transfer is triggered. The vesting period is based on a block number schedule and is activated when Delta is transferred. 

Out of the maximum, users get 10% of the token balance while 90% is initially locked. Over a 2-week period, it will be released in a linear fashion. When a token transfer happens it rules out the vesting schedule. This way the immature tokens get distributed to the vault in the form of staking rewards. 

delta token vesting

It has come up with novel ways to create new instruments and tokenized products such as yield-producing volatility, great concept of futures based on locked liquidity, leveraged positions, collateralized lending, and much more. 

The users can trade all of these offerings easily in a highly liquid market. CoreDEX will run on a new liquidity provider token. LPs from CoreVault can easily trigger migration to the new core LP token. This way the platform will rebase its liquidity pool depending on the market conditions. The platform also ensures that the holders are provided with revenue sharing. 

The Core community is standing strong with three liquidity pools wherein CORE has around 60 million + in locked liquidity.


Delta distributor contract



Liquidity Rebasing Token (rLP)

The Delta team scores again with their outside of the box thinking with their liquidity rebasing token. They describe it here:

A new generation of tokens is in development which has an LP rebasing mechanism. It aims to limit the amount of LP tokens generated, making them more exclusive. Following an algorithmic rebasing raise, the LP mint price increases while the liquidity pool size stays the same. As a result, the price of minting new LP tokens becomes increasingly expensive to the point where they are unobtainable, creating a truly scarce LP token.

https://medium.com/core-vault/coredex-black-paper-ff51542fb8ac

Deep Farming Vault

The deep farming vault is yet another ingenious facet introduced by the Delta Financial team. The medium article states: “The Deep Farming Vault collects and distributes Delta, based on the unique Delta Vesting Schedule mechanism. Users deposit Delta or rLP tokens to earn a yield, the smart contract uses those assets to secure the unique liquidity deployments of the protocol.

In the deep farming vault users can earn both Delta tokens and ETH.

delta financial

Limited Staking Window

This is how you contribute to get delta tokens before it officially launches.

As of 2/25/21, nearly 5000 ETH has been raised and there are 6 days left in the limited staking window.

Those contributing are hoping to replicate the out-of-this-world ROIs they achieved during the cvault.finance launch. The ambition of this project is incredible, and if it succeeds would be a total game-changer in decentralized finance.

You can learn more about the details of the limited staking window here.

delta token


If you are contributing, make sure to use this to receive 10% bonus in ETH on your contribution.


DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Thanks for reading about Delta Token!

Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch



Facebooktwitterredditlinkedinmail
rss
Continue Reading

Hot Projects

BAO FINANCE CRYPTO: WHAT IS IT?

bao finance crypto
rss

BAO FINANCE CRYPO TAKING OFF! WHAT IS IT?

Bao Finance crypto token has exploded recently with unprecedented growth due to its numerous unique features. Bao Finance focuses clearly on providing a fair and equitable distribution and the creation of synthetic assets. It is an innovative second layer for synthetic assets that have been built on top of Uniswap, SushiSwap, and Balancer.

Bao Finance will use an upgraded version of the SushiSwap farming infrastructure and intends on capitalizing on the yield farming distribution model. However, at present, the APY is very attractive to farmers.

The BAO Finance crypto token acts as the governance token for the community-run project. It also is backed by an insurance fund where all the BAO fees get accumulated. 

Bao Finance crypto
Sample Menu

BAO creates a second-layer protocol and the users will utilize the assets from Uniswap, SushiSwap & Balancer to take part in the BAO ecosystem. BAO finance can also be seen as the first L2 DeFi that aims to add its protocol’s features to existing infrastructure. Users will be able to generate synthetic assets by using their LP tokens from other protocols. This has many benefits as users will be able to:

Earn fees and yield rewards by being a Liquidity provider in Uniswap, SushiSwap, and Balancer.

They will also be able to earn rewards in $BAO by staking their LP tokens as collateral. They also can issue furthermore, synthetic assets to invest in other assets. Essentially speaking BAO finance focuses on early distributive equity and the generation of synthetic assets. 

Yesterday, February 4, Hotbit launched BAO Finance on its global section. The deposit function was launched yesterday at 9.00 AM UTC and the trading function was launched at the same time yesterday. The launch comes with the unraveling of 2 trading pairs – BAOFI/USDT, BAOFI/ETH for the same. Hotbit cryptocurrency exchange is also a cryptocurrency trading platform that integrates different forms of solutions like spot trading, financial derivatives, and DAPP also integrated into one platform. 

The most interesting thing about yield farming here is that there are several hundreds of LP pairs available to yield farms. Though users will only get 5% of the BAO token which they farm the remaining period will be the vesting period of over 3 years with a 1-year cliff!

bao finance crypto

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Facebooktwitterredditlinkedinmail
rss
Continue Reading
bitcoin
Bitcoin (BTC) $ 61,799.00
ethereum
Ethereum (ETH) $ 2,437.98
binance-coin
Binance Coin (BNB) $ 516.42
xrp
XRP (XRP) $ 1.63
tether
Tether (USDT) $ 1.00
cardano
Cardano (ADA) $ 1.43
dogecoin
Dogecoin (DOGE) $ 0.331078
polkadot
Polkadot (DOT) $ 41.80
litecoin
Litecoin (LTC) $ 313.23
bitcoin-cash
Bitcoin Cash (BCH) $ 1,055.42
uniswap
Uniswap (UNI) $ 36.31
chainlink
Chainlink (LINK) $ 41.27
theta-token
Theta Network (THETA) $ 14.36
stellar
Stellar (XLM) $ 0.609358
vechain
VeChain (VET) $ 0.210606
filecoin
Filecoin (FIL) $ 181.29
usd-coin
USD Coin (USDC) $ 1.00
tron
TRON (TRX) $ 0.158495
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 61,768.00
eos
EOS (EOS) $ 8.30
bitcoin-sv
Bitcoin SV (BSV) $ 413.48
klay-token
Klaytn (KLAY) $ 2.84
iota
IOTA (MIOTA) $ 2.51
solana
Solana (SOL) $ 25.76
crypto-com-chain
Crypto.com Coin (CRO) $ 0.250235
cosmos
Cosmos (ATOM) $ 25.99
monero
Monero (XMR) $ 343.69
binance-usd
Binance USD (BUSD) $ 0.999620
compound-ether
cETH (CETH) $ 48.72
terra-luna
Terra (LUNA) $ 15.71
neo
NEO (NEO) $ 83.43
aave
Aave (AAVE) $ 447.85
tezos
Tezos (XTZ) $ 7.26
bittorrent-2
BitTorrent (BTT) $ 0.008112
okb
OKB (OKB) $ 19.68
ftx-token
FTX Token (FTT) $ 53.72
ethereum-classic
Ethereum Classic (ETC) $ 36.79
avalanche-2
Avalanche (AVAX) $ 35.37
chiliz
Chiliz (CHZ) $ 0.767225
algorand
Algorand (ALGO) $ 1.51
compound-usd-coin
cUSDC (CUSDC) $ 0.021896
kusama
Kusama (KSM) $ 454.09
nem
NEM (XEM) $ 0.453953
dash
Dash (DASH) $ 380.67
huobi-token
Huobi Token (HT) $ 20.84
elrond-erd-2
Elrond (EGLD) $ 212.31
cdai
cDAI (CDAI) $ 0.021349
thorchain
THORChain (RUNE) $ 15.17
pancakeswap-token
PancakeSwap (CAKE) $ 22.62
dai
Dai (DAI) $ 1.00