Adamant Finance

The wizards over at https://abracadabra.money/ have created an enchantment to turn your crypto collateral into Magical Internet Money. (Deposit your crypto there safely and borrow against it with incredibly low fees for a stablecoin — witchy stuff!) Their recent move to Arbitrum is a really smart one allowing users access…

New Furnace Launch — SX Network This week we announced a new addition to the Adamant Furnace and a partnership with the SX Network. With this partnership, Adamant will become the featured yield aggregator of SX Network’s DeFi ecosystem. SX Network’s team has provided 53,010 ($30,000) SX tokens, so ADDY smelters can be rewarded SX over…

Adamant Furnace Launch — Gravity Finance This week we saw the launch of Adamant’s Furnace. The Furnace allows users to smelt their ADDY to earn an Adamant partner’s asset. Smelted ADDY is distributed to ADDY lockers in our new boosted lock contract. Our first partner as part of the launch is Gravity Finance. Gravity is a…

If you’ve been following this space you know I love Adamant Finance. Their profit-sharing model is one of my favorite in Defi. When you start using Adamant for yield optimizing you’re investing in a great development team and protocol. …