Today in DeFi - InsureDAO, Alpha Hacked, And More
InsureDAO
A new peer to peer insurance protocol, InsureDAO has been announced. Premiums will be determined by market demand. There is no MVP yet but a token distribution is coming soon and there is a whitepaper. Is it 2017 again?
Today in DeFi is sponsored by Aave.
Aave is a decentralised, open-source, and non-custodial liquidity protocol for earning interest on deposits and borrowing assets. It tokenizes deposits as aTokens, which accrue interest in real time. Aave also features access to Flash Loans and Credit Delegation as uncollateralised loan options.
Try it today at: https://aave.com
Alpha Homora Hacked
Alpha Homora was exploited for $37.5M in a complex transaction which exploited its integration with Cream’s Iron Bank. Borrowing is now paused to mitigate further attacks. Find out more in the post mortem above.
mStable mBTC
In a move that lags Curve by many many months(years in DeFi-time), mStable, a stable asset exchange/tokenizer, has just launched mBTC.
mBTC is minted by wBTC, RenBTC and sBTC.
Yam uSTONKS
Yam Finance is introducing uSTONKs, a synthetic asset that tracks the top ten most bullish WallStreetBets stocks. Currently that would be: gme, amc, nok, bb, slv, tsla, pltr, sndl, aapl, spce.
1inch Vampire Airdrop
1inch exchange has done a second airdrop. This airdrop rewards Mooniswap users, smart contract wallet users( Gnosis, Argent, etc.), as well as uniswap users who have not used 1inch.
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