Today in DeFi - WBTC custody changing, ARB Staking proposal, Rewards live on Moonwell, Mastering Size Credit: A Step-by-Step Tutorial and more...
Today in DeFi - WBTC custody changing, ARB Staking proposal, Rewards live on Moonwell, Mastering Size Credit: A Step-by-Step Tutorial and more...
Updates 📰
BitGo is shifting its WBTC custody to a new arrangement through a partnership with BiT Global. The update will unfold over the next 60 days, aiming to keep WBTC clients satisfied.
MakerDao is considering moving away from WBTC following the custody shift from BitGo. They are looking at reducing WBTC collateral limits, with a decision expected on August 12.
The SEC has reached out to three crypto venture capital firms to explore potential concerns related to securities laws. This action continues the SEC’s focus on the industry, with attention on VCs' involvement in crypto token transactions.
Upcoming ⏳
Arbitrum's ARB staking proposal is currently in the voting stage, featuring the introduction of ARB staking and a new liquid staked ARB token (stARB) that could enhance token functionality, governance, and security.
Airdrops 🪂
Moonwell, an open lending and borrowing app on Base, is introducing OP and WELL rewards across its Core Markets on Optimism.
DeltaPrime, a DeFi protocol on Avalanche, is preparing for its second airdrop. There’s an opportunity to engage with AVAX and sPRIME by participating over the coming weeks, along with potential shares from liquidation activities starting July 1st.
DUPER, a social war GameFi, is kicking off ranked games. Join in to compete for ETH and Spark rewards, with the initial batch of rewards set to be shared today.
Farms 🧑🏻🌾
Stake your GHO to earn ~27.22% APR from AAVE and Merit Program
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Mastering Size Credit: A Step-by-Step Tutorial
Description
Size Credit introduces the first fixed-rate lending protocol that lets users define their own rates and durations, using an order book model they are able to provide unified liquidity across various maturities. Try the protocol here
Benefits
🌟 No Token Yet
🌟 Exit loans at any time
⭐️ Create custom offers and bids by defining rates and tenors
⭐️ Earn passive Aave variable rates on unmatched capital
Risk Involved
⚠️ Smart Contract Risk
Security
✅ Size Credit is audited by Solidified, Spearbit, Code4rena.
The audit does not guarantee any hacks. Please do not invest with more than you can afford to lose.
Where to bridge your assets to Base?
You can go to Superbridge, Brid.gg or Bungee to bridge your assets to and from Base.
Borrowing Guide (Market)
Go to the Size Credit Position Page and connect your wallet
Click “Positions” then click “Manage”
Input the amount of ETH or wETH you want to use for collateral
Click “Deposit”
Confirm the transaction then click “Borrow”
Input the amount of USDC you want to borrow
Input the amount of ETH or wETH to be used as collateral
Use the toggle bar to choose your preferred maturity or set a custom maturity date
Click “Submit” and confirm the transaction
Lending Guide (Market)
Go to the Size Credit Lend
Input the amount of USDC you want to lend
Use the toggle bar to choose your preferred maturity or set a custom maturity date
Click “Submit” and confirm the transaction
Borrowing Guide (Limit)
Go to the Size Credit Position Page and connect your wallet
Click “Positions,” then click “Manage”
Input the amount of ETH or wETH you want to use as collateral
Click “Deposit” and confirm the transaction
Go to Size Credit Borrow and select “Limit”
Input the amount of ETH or wETH to be used as collateral
Enter the minimum opening collateral ratio you prefer
⚠️ Low collateral ratios may lead to liquidation risk.
Click “Add Point” to create your borrowing bid by specifying a few tenors and rates (you can create as many as you want)
Click “Submit” and confirm the transaction
Lending Guide (Limit)
Go to the Size Credit Lend, then select “Limit”
Input the amount of USDC you want to lend
Click “Add point” to create your offer to lend by specifying a few tenors and rates
Click “Approve USDC” and confirm the transaction
This premium is made possible by Size Credit
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or 11unaudited. Do your own diligence before using or buying anything mentioned.