Today in DeFi - Balancer NEAR, B. Protocol, and More
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Balancer on NEAR
Balancer is integrating with NEAR, a low latency blockchain protocol which is Ethereum-compatible. NEAR’s EVM compatibility and token bridge mean that assets can be ported to and from Ethereum. Find out more in the blog post.
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B. Protocol
B. Protocol, a liquidation coordination platform, launched today, with support for MakerDAO. B. Protocol coordinates liquidators with vault owners. Instead of paying excessive gas fees to miners for the right to liquidate vaults, B. Protocol allows liquidators to share their profits with vault owners in return for liquidation priority.
As a result, regular users of the platform get additional yield on top of the lending platform’s native interest rate. B. Protocol claims this eliminates the need for gas wars between liquidators, helps stabilize the lending platform, and also benefits users.
Read the Medium article or try B. Protocol here.
Unit Protocol Demo
Unit Protocol, a stablecoin lending protocol which allows for multi-coin collateral, has just released a demo video of their upcoming dapp.
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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