Today in DeFi - Visor Uniswap V3 Vaults Live, weiWard Relieves Gas, FinNexus Hack, and More...
Visor Beta Live
Visor Finance, an active liquidity manager for Uniswap V3, launched its private beta yesterday. It uses “gamma” strategies which actively manage Uniswap V3 Liquidity pool positions. Besides Charm Finance’s Alpha Vaults, this is the only active Uniswap V3 liquidity vault we know of.
The results seem to be fairly good.
Today in DeFi is sponsored by Sushiswap.
Sushiswap is a DeFi-Native DEX which features the best liquidity across many DeFi pairs such as YFI, SNX, and AAVE.
Sushiswap has recently launched Bentobox, gas-efficient lending platform for DeFi, as well as Kashi, a one-click margin-trading platform.
weiWard launched to relieve the pain of high gas fees for DeFi users.
Users can buy weiWard ETHtx tokens, which work like “gas credits” tracking Ethereum gas price, allowing users to buy cheap and spend later to hedge gas price fluctuation.
Minters can mint ETHtx with ETH. In exchange, they get ETHmx, which can be staked to earn trading fee from ETHtx trades.
Options protocol FinNexus got hacked and lost the private key to their token contract. The attacker then minted and sold 323 million FNX, which led to a severe price drop.
Mining DAO launched with a main focus on MEV. MiningDAO allows users to propose blocks to miners who choose the most profitable block. Compared to Flashbots, MiningDAO claims to be more decentralized, and relies less on honesty assumptions from miners.
Sorbet Finance DCA and Limit Orders
Gelato Sorbet, which lets users do limit order swaps on Uniswap, now has DCA strategy and also has limit orders for QuickSwap on Polygon.
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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.