Today in DeFi - Money Market on Aave, TrueFi, And More
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Money Market on Aave
CrescoFin has announced that it has created a money market on Aave.
This money market connects traditional financial institutions with Aave’s DeFi lending platform, and is insured by Lloyds. Find out more in the Medium article.
TrueFi Loans
TrustToken, the project behind TrueUSD, has just released TrueFi, an uncollateralized loan platform. This platform allows DeFi users to earn interest by depositing stablecoins in TrueFi. On the other side, whitelisted entities such as trading desks can borrow from the liquidity pool subject to a credit worthiness approval from TrueFi stakers.
DeriSwap
Deriswap is a new derivative product from Andre Cronje which is currently in audit. It seems to be an interconnected system of spot, lending and derivative products:
“Deriswap allows for a consolidated, capital efficient market for trading, Options, Futures, and Loans, allowing LPs to keep their exposure and enjoy additional fees and rewards.”
I’m not even gonna try to explain this one - just read the article yourself if you want to find out more.
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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