Today in DeFi - 88MPH Nsured, rSFI, and More...

88MPH Nsured

88mph 🛹 @88mphapp

We're teaming up with @Nsure_network to offer the best coverage regarding smart contracts risks & more to our community. Like Sylvester, it's our upmost priority that your precious assets can be protected with the best DeFi insurance products. Available Q1 2021. More coming soon

88MPH, a fixed rate yield protocol, has just announced it will be working with S̶y̶l̶v̶e̶s̶t̶e̶r̶ ̶S̶t̶a̶l̶l̶o̶n̶e̶ NSURE to insure its smart contracts starting Q1 2021.

ESD Treasury

Empty Set Dollar @emptysetdollar

Introducing the ESD Treasury!

medium.comIntroducing the ESD TreasuryEIP-10 introduces a community treasury that will help fund protocol development, support the community and wider integration into the DeFi space. On Nov 27th, a community member proposed EIP-10 which…

Empty Set Dollar, a rebase-style token, has introduced a treasury proposal. The treasury will receive a one time mint of 500k ESD, then 2.5% of supply expansions. It will allow the protocol to fund future growth and development.

rSFI Airdrop

saffron.finance @saffronfinance_

Saffron Weekly Newsletter 2020-12-07 ♨️Introducing our new weekly newsletter ♨️New pools for epoch 3 ♨️rSFI distribution ♨️Strategic partners ♨️Art contest Read more here:

medium.comSaffron Weekly Newsletter (12/7/20)Hey everyone, Dingo here. We’re going to be launching a weekly newsletter every Monday that outlines the upcoming week in Saffron news — what to expect, new features that are on the horizon, and some…

Saffron Finance, a tranched yield farming project, has just announced that rSFI has been airdropped to users affected by the Epoch 1 SFI withdrawal bug. While the user funds committed to Epoch 1 were rescued, the SFI rewards are still locked. rSFI will be redeemable for SFI after 8 weeks and has been airdropped to affected users.

New Covers

Cover Protocol @CoverProtocol

We are proud to announce that we will be partnering with @BadgerDAO to ensure the safety of users on the protocol. In light of the recent exploits across DeFi, we believe it crucial for users to remain hedged against these risks, which is why this partnership is a no-brainer.

Cover Protocol, a permissionless insurance project, has recently added cover for BadgerDAO, Perp protocol, BoringDAO, and Mushroom Finance.

ETH-DAI Collateral?

Hayden Adams 🦄 @haydenzadams

1/ 🔥🔥🔥 A maker governance proposal was just put forward voting to add DAI-ETH and USDC-ETH Uniswap liquidity tokens as collateral This would allow Uniswap LPs to a) increase the capital efficiency of their liquidity or even b) modify their exposure in a meaningful way.

Maker @MakerDAO

A Governance Poll has been added to the voting portal to signal support for/against: Adding the following collateral types - 🪙AAVE (@AaveAave) 🪙UNI-V2-DAI-ETH (@UniswapProtocol V2 DAI-ETH LP Token) 🪙UNI-V2-USDC-ETH (@UniswapProtocol V2 USDC-ETH LP Token) More 👇

ETH-DAI Uniswap LP tokens are being proposed as a possible collateral in MakerDAO. As Hayden Adams points out, this creates new possibilities for composability and re-hypothecation.

If passed, this would be the first case of an LP token as collateral in the MakerDAO system.

Follow @todayindefi to keep up with the latest DeFi news on Twitter.

Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned