Today in DeFi - ARC, SushiSwap, Aave Adds YFI

ARC

ARCx @arcxgame

1/ World, Meet ARC - A Synthetic Asset Game. Composable debt is here. The idea is simple, you can create a synthetic debt dollar from any collateral type you want via separate asset pools (i.e. a LINK pool, a RENBTC pool, etc.) defiweekly.substack.com/p/world-meet-a…

Kerman Kohli has just released ARC. ARC is MakerDAO for a range of assets, plus gamification. Unlike MakerDAO which uses a range of assets to mint DAI, ARC aims to isolate the risk. LINK can be collateralized to create LINK-USD, for instance.
Read more about ARC in the DeFiWeekly article.

SushiSwap Launching Soon

Chef Nomi #SushiSwap @NomiChef

1/ Introducing #SushiSwap🍣, an evolution of #Uniswap with $SUSHI tokenomics. SushiSwap protocol better aligns incentives for network participants by introducing revenue-sharing & network effects to the existing AMM model. medium.com/sushiswap/the-…

medium.comThe SushiSwap Project 🍣🍣🍣An evolution of Uniswap with SUSHI tokenomics.

As mentioned yesterday, Sushiswap, a Uniswap fork with a token, is getting closer to launch. Today they allowed staking Uniswap LP tokens and also have announced an audit deal with Quantstamp for Sushiswap(the yet to be released exchange). The real product - Sushiswap itself - is not launched yet.

If you farm this, just be aware that the staking contracts are new and unaudited, and that LPing on Uniswap also entails Impermanent Loss risk.

Aave Adds YFI

Aave @AaveAave

Oh my... ... $YFI is on $Aave... ...40% LTV... ... $LINK Price feed... ...Few Understand

Lending Protocol Aave added YFI support. This means YFI holders can collateralize their YFI to borrow other coins on the platform and earn farming yield. Did the “Aave Premium” apply to YFI? Yes, apparently.