2024-04-17: The Guidelines of Genuine DeFi
2024-04-17: The Guidelines of Genuine DeFi
馃攼 DeFi Shake-Up Ahead?
A new set of guidelines for decentralized finance (DeFi) platforms has been proposed, aiming to establish standards for transparency, security, and user protection. The guidelines emphasize the importance of open-source code, audits, and clear communication of risks. Additionally, they recommend measures to prevent market manipulation and ensure fair access for all participants. Regulatory bodies and industry leaders are currently reviewing the proposed guidelines.
the guidelines of genuine DeFi check it out 馃憞
The #DeFi Protocol Guidelines, governing eligibility for the Collective's support, are out! It specifies how the Collective evaluates the decentralization of protocols, which are ordered in three categories, from worst to best: Onchain CeDeFi Monitoring Genuine DeFi Read on 馃憞
Community Rewards Program Launch
The community rewards program is now officially active and accepting submissions. This initiative aims to recognize and reward valuable contributions from community members. - Submissions are now open for all eligible participants - Program marks a significant step in community engagement - Details about reward structure and eligibility available through submission portal *Note: Early participation may provide additional benefits* [Submit your contribution here](submission-link)
Liquity V2 Revenue Milestone: $500k in Under 3 Months
Liquity's V2 protocol has achieved a significant revenue milestone, generating $500,000 in less than three months since launch. Key highlights: - Revenue growth from $50k in first 6 days to $500k in under 3 months - 100% revenue pass-through to users - Consistent growth trajectory since January 2025 launch Performance tracking available on the [Liquity V2 Dune Dashboard](https://dune.com/liquity/liquity-v2). This growth demonstrates steady adoption of the protocol's second version, while maintaining its core principle of complete revenue distribution to users.
BOLD Token Launches on Avalanche via Aesyx Finance Integration
**BOLD token** has expanded to Avalanche network through Aesyx Finance's friendly fork launch. Key features include: - Dedicated liquidity pool for BOLD/AXD pairs on Pharoah Exchange - LPs earn 1.25% in SXY tokens - Bridging available through Chainlink's CCIP Aesyx Finance offers: - sAVAX collateral for minting AXD (Avalanche dollar) - User-defined interest rates - Multiple liquidity provisioning options *Early adopters can earn additional points by minting and utilizing AXD across DeFi platforms.*
DeFiSaver Campaign Final Days: $500 BOLD Cashback for $10k Positions
**Final Opportunity Alert**: Only 1 day remains for DeFiSaver's migration and leverage campaign. Users can earn 500 $BOLD in cashback rewards for $10k positions. Key Features: - Lowest borrow rates across DeFi for wstETH & rETH on Liquity - Support for staked yBOLD from Yearn Finance - ~5.5% earning potential on ysyBOLD deposits - Eligibility for airdrops from 20+ forks Available Options: - Migrate existing loans to Liquity V2 via Loan Shifter - Open new leveraged Trove positions *Yield opportunities across Pendle, Morpho Labs, and other platforms currently offering 9%+ returns*
sBOLD Launch Brings Enhanced Yield and Airdrop Exposure
sBOLD, a new yield-bearing token, has launched on Spectra Finance with several key features: - Offers leveraged exposure to 20+ potential airdrops - Provides ~7% stablecoin base rate - Can be used as collateral on Euler Finance - Supports borrowing with up to 92.5% LTV (95% LLTV) - Auto-compounds BOLD yield - Audited by Chain Security and Dedaub The token enables users to earn protocol yield while borrowing, and can be integrated across DeFi platforms and money markets. Users can deposit sBOLD (earning 6%) and borrow USDC at 4.7% rates for additional leverage opportunities.