Today in DeFi - LEND->AAVE Migration, ZUSD yVault ETF
LEND->Aave Migration
The LEND to AAVE migration has passed vote, and will start this Friday:
AIP-1 is a YAE ✅
100.7M LEND voted "YAE" in this first governance vote.
Migration to be expected on block 10978863 (~Friday 8:40 UTC)
🚨If you voted, please keep your LEND in the same wallet address that you used for the vote 🚨
we're now in the vote validation phase!
Migration is expected on Friday around 8:40UTC - time is rough as it is based on the block number 10978863. Follow @lemiscate or @AaveAave on Twitter to stay up to date on the situation. You can read more about “Aavenomics” here.
ZUSD yVault ETF
ZETA has just launched ZUSD, an ETF composed of yVault tokens.
1/ We are very pleased to announce the launch of the ZUSD V1 Mainnet. ZUSD is an ETF asset issued based on yearn’s each DAI, TUSD, USDT, USDC Vault.
@iearnfinance & $YFI looking for someone to join the great journey.
Please see the blog for details
ZUSD represents a weighted share of stablecoins deposited in yVaults. Because yVault interest rates can be volatile, this can be an interesting way to earn a more stable yield on stablecoins.
Disclaimer: Projects or tokens mentioned in this newsletter are often experimental and unaudited. Do your own due diligence before using or buying anything mentioned.