Furucombo Biweekly Update #32
# Furucombo’s Update
✅ Furucombo attends ETH Denver
Over the last few weeks, the Furucombo team was at the ETH Denver conference. We had an opportunity to network, meet users & new people, and share the experience with everyone. At the conference, we made many connections with other protocols that we could work with to grow the Furucombo ecosystem.We also had a chance to discuss with some potential fund managers for our new system. To top it off, our blockchain engineers were able to get second place in the Polygon bounty program, taking home the prize of $2,500USD! To learn more about the project we built, check out Catzntrate.
✅ Governance: FIP-1 Ongoing
Still ongoing is our discussion around the Furucombo improvement proposal (FIP 1). If you haven’t had a chance to follow that, check it out on our governance forum for an active discussion around our treasury management.Also, stay tuned for voting on FIP 1, and also we will be dropping a new proposal soon about what to utilize the treasury funds for. Thanks again to everyone who has already participated in governance!
✅ Trading Strategy Contest Extended
We also adjusted the dates for the trading strategy contest to continue until the launch of the Furucombo funds. $10,000 is still up for grabs for anyone that wins the contest so make sure you submit your strategy!This will also allow you to get one step closer to becoming a white listed fund manager once we launch our system. You can find more details in this article.
✅ Furucombo Adds Paraswap
We are also happy to announce we have integrated Paraswap on both the Polygon and Ethereum networks. Users can now utilize Paraswap to get the best price on both ecosystems on their swaps. This is because Paraswap takes the best price from multiple DEX’s to give you the most capital efficiency on your trade. Try it out today and let us know how you enjoyed using it at Furucombo.
# Hot combos
✅ Hot Combo: Self Liquidation on Aave
This combo allows anyone to close their Aave debt position, utilizing a flash loan, without any upfront funds! This means you can switch your collateral position without having to have funds to pay back your original position.So how does this work? 🔗 https://go.furucombo.app/MBNml1️⃣Flashloan
3️⃣Utilize add funds cube for aToken
5️⃣Swap token to repay flash loanResults:
Before: 47.5 ETH locked + $59,962 Debt, No $ at hand
After: NO Debt, received 27 ETH
Want to see more DeFi strategies? Check out our explore page. You can find up to 50 combos with its own detailed explanation about how it works!
Hope you enjoy this week’s content! 🤓
If you experience issues that are not covered in this guide, please reach out to the team directly through telegram.