Today in DeFi - Real Fund Invests in Virtual Fund, CRV Boost Kicks in, DeFi Dollar Drops
KR1 Invests in MetaCartel
In an interesting turn of events, a publicly traded investment company, has invested in MetaCartel DAO, a hybrid DAO and Delaware LLC. Find out more in the thread.
CRV Boost Kicks In
CRV Boost for locking your CRV is now live. Users who lock their CRV for voting power will get a boost in rewards, up to 2.5x.
Find out more in the Curve blog piece “How to boost your CRV rewards”
Besides getting more CRV, you will have more power to decide on issues such as whether Huobi BTC will be added to Curve.
DeFi Dollar Drops
DeFiDollar dropped today. Audited by Quantstamp and Peckshield, DUSD is a stablecoin index backed asset that uses Defi primitives to stay near the dollar mark. It currently integrates with Curve’s sUSD pool and other pools are being explored.
Users can stake their DUSD for yield from the pool. When/if DUSD becomes undercollateralized, that yield is partially locked used to re-collateralize DUSD.
Capped at $3M, DeFiDollar almost immediately hit their cap! We’re excited to see how this project progresses.