Yearn Partner Roundup #7
Week Ending February 28, 2021
Welcome to the Yearn Partner Roundup — a weekly newsletter summarizing everything in Yearn‘s partner ecosystems.
🍣 SushiSwap Summary
SushiSwap is an automated market making (AMM) decentralized exchange (DEX). Link.
- Onsen Round 2. The Onsen has received a few updates and new pairs have been added. Some projects will be exclusively launched on SushiSwap in March and will be added on a rolling basis to the Onsen.
- Unit Protocol adds xSUSHI as collateral type. Unit protocol is a decentralized borrowing protocol that allows you to mint the USDP stablecoin using a variety of tokens as collateral.
- Andre Cronje previews cross-chain swap using SushiSwap. Earlier this week, Andre showed off a wETH to wFTM (Fantom) cross-chain swap using SushiSwap’s AMM.
- SUSHI added to DeFi Pulse Index (DPI). DPI’s February rebalance will now include SUSHI.
🔒 Keep3r Summary
Keep3r Network provides a way for protocols to post ‘jobs’ — or smart contract call requests — to ‘keepers’ — or those willing to perform those tasks. Link.
- Keep3r TWAP Exchange Function. A recent Synthetix Improvement Proposal will provide a new exchange function allowing users to atomically exchange assets without fee reclamation by pricing synths via a combination of Chainlink and Keep3r TWAP oracles.
🍦 CREAM Summary
C.R.E.A.M. Finance is a peer to peer lending and exchange platform on Ethereum and Binance Chain. Link.
- Joint Announcement on Funds Repayment. CREAM and Alpha Homora shared a post explaining how the debt between the two protocols will be resolved following the recent exploit.
- C.R.E.A.M. February Treasury Management. Between Feb. 17 and Feb. 22 the team converted ~$5M of CREAM’s treasury to yield-generating stablecoins. The team also executed on the CREAM buyback and make via SushiSwap.
- BAT, VAI, AUTO, renBTC, and renZEC were added to CREAM on Binance Smart Chain. The collateral factor for all of these tokens is 0%. Users can supply and borrow, but can’t use the tokens as collateral to borrow.
🥒 Pickle Finance Summary
Pickle Finance makes it easy for you to earn compounding yields on your deposits. Link.
- PICKLE farming rewards live on Cover Protocol. 578 PICKLE per week has been allocated to rewards mining on Cover. The rewards will last four weeks.
- A Pickle Jar zap is available. This zap turns four transactions into one by zapping in with ETH or CRV, converting to yveCRV, providing liquidity to ETH/yveCRV, and depositing the SLPs to a Pickle Jar.
- Basis Cash Pickle Jar updates. The BAC-DAI Jar strategy has been updated after the BASv2 migration — no action required by users. A new BASv2-DAI Jar is live and has been activated with Pickle Farm rewards.
🛡️ Cover Protocol Summary
A peer-to-peer coverage market. Link.
- Introduce Credit Default Swaps. The Cover team — in collaboration with Ruler Protocol — recently introduced Credit Default Swaps (CDS) in an effort to support a future of undercollateralized DeFi products.
- Dev Updates — Week of Feb. 22. The Cover team released a variety of developer updates including a UX for flash coverage swaps, a new full-time developer, and more.
🏛️ Akropolis Summary
Decentralized and autonomous community economies — lending and pensions made simple. Link.
- New website preview. The Akropolis team provided a sneak peek of their new website in the works.
- Akropolis Weekly Updates (Feb. 23). The week’s Akropolis Weekly is available and includes a variety of product, community, and governance updates.
Disclaimer: These updates are non-exhaustive and not meant to be representative of all the happenings in the ecosystems mentioned. The goal of this newsletter is to provide key insights for Yearn community members.
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