Today in DeFi - 1Inch Token, Injective Stock Futures, and More...
1Inch Token
1Inch Token has launched, and liquidity mining is now live. 1Inch is a governance token which allows users to adjust parameters of the protocol. The protocol is separated into the “Aggregation Protocol” (1inch.exchange) and the Liquidity Protocol(formerly known as Mooniswap)
The token allows for “instant governance” which means every vote matters, and will allow users to set the “Spread Surplus” of the protocol, as well as:
price impact fee
swap fee
governance reward
referral reward
decay period.
Unlike most other governance tokens, it sounds like these changes will be programmatically instantiated instead of manually implemented based on vote counts.
There is also an active liquidity mining program for the following pairs:
Injective Stock Futures
Injective is launching the world's first decentralized stock futures trading in collaboration with our amazing partners at @mirror_protocol, @BandProtocol, and @terra_money 🚀 bit.ly/3aG0Ii4Injective Protocol is launching decentralized stock futures trading. Powered by Terra’s Mirror Protocol, it uses Band protocol oracles with Mirror’s synthetic assets.
The first futures to be offered will be Tesla, Airbnb, Google, and Amazon. More stocks will be added in the future.
Besides trading futures on Injective, Mirror protocol already supports decentralized trading of synthetic stocks.
TokenLon $LON Token
TokenLon, a DEX, has just released Tokenlon 5.0 and the LON Token.
TokenLon 5.0. aggregates liquidity from professional market makers, Curve, and Uniswap.
The LON Token is a governance token which also gives discounts on trading fees. If you have used TokenLon before, you may be eligible to claim tokens. There is also an active liquidity mining program for LON-ETH LPs.
Curve Idle Pool
Curve recently added a pool for Idle Finance assets. However, soon after launch, issues were discovered. If you have assets in this pool, you should withdraw them.
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned