Today in DeFi - yborrow.finance, Opyn reimburses, BAND listing
yborrow.finance, yearn finance’s newest application, just launched. One of the first uses of Aave’s new Credit Delegation feature, it allows users to collateralize their crypto to create credit delegation vaults, and borrowers to borrow against them using credit lines. The difference between existing loan platforms is that these are undercollateralized loans.
yborrow.finance is just the latest in Yearn Finance’s latest updates. Earlier this week, Yearn added yTUSD, yLINK and yaLINK vaults (non-credit delegated).
As with all new Yearn products, users should be aware that these are unaudited smart contracts and consider it experimental code to be used only with caution.
Opyn Reimburses Users
After an exploit that saw 371k USD drained from Opyn ETH Put contracts, Opyn has decided to reimburse affected users.
BAND Listing on Coinbase Pro
Band Protocol, a cross-chain oracle project, is listing on Coinbase Pro. A relatively Asia-focused project so far, this new listing may raise its profile with American investors and projects.