Aave v2, DeversiFi Beehive Launch, Oxis Wallet & more!
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Massive leaps and bounds for the ecosystem this week.
Crypto and DeFi are starting to turn some heads in the TradFi space.
S&P Dow Jones, Visa, and the US Congress all stirring the pot this week. Along with v2 launches and plenty of DeFi acquisitions…
…its Ship and Drip SZN!
DeFi been drippin’ lately, lets recap whats goin’ on!
P.S. We have a big giveaway partnered with Aave coming next week 😉
🙏 Big Ups To Our Great Sponsor Aave: Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
🚨Their new roadmap is LIVE with liquidity mining on Beehive 1.0 coming soon🚨Wiretap Wednesday: Going Risk-On using DeFi Tools
Full Send Friday: Yearn Takeover, Mainstream Awareness, and Sponsor Updates
Cryptocurrency Indices on S&P and DOW Jones
Kicking off this week, something all degens have been waiting for. Cryptocurrencies introduced to the masses. The S&P Dow Jones are developing digital asset indices to launch as early as next year. Reports suggest there are over 550 coins being considered.
Did someone say alt-season? (Lol)
Yearn Acquisitions & Mergers
Yearn continues its impressive tear through the DeFi ecosystem. Several mergers, partnerships, and acquisitions for the protocol which continues to reach new levels of composability and integration. Andre, and the Yearn team, are the essence of Shippin’ and Drippin’.
Despite lack of announcement from Ripple, there is a snapshot taking place 2020/12/11 at 10:00 PM (UTC) for all Ripple holders. At this time, $XRP holders will be airdropped $SPARK tokens. It is unclear the ratio of XRP:SPARK but multiple exchanges have announced support of the airdrop for coins held on exchange.
STABLE Act Proposal
Cryptocurrency continues to capture the attention of regulators. This time it is stablecoins that are taking the heat. Three members of the US congress proposed a bill to require banking charters for all stablecoin issuers. They cited discriminatory practices as reasoning for the bill. Several members from the crypto community discussed potential implications of the bill; ultimately, the proposal seems to be spawn from a confused perspective and consensus among the community reveals — there is no reason to be upset.
Visa Bitcoin Rewards Card
The credit card goliath is entering the crypto space. Visa has announced a partnership with BlockFi that will reward spenders with Bitcoin. Details are still getting ironed out on terms and conditions of the card. In the meantime, BlockFi has launched their waiting list where prospective cardholders can hold their spot in line.
After a successful run on testnet, AAVE v2 has launched on mainnet! We are stoked for our friends at AAVE that keep pushing out developments at an insane pace. Read all about the updates and new features that are coming to the protocol that already has over $1B in TVL (P.S. We have a big giveaway partnered with Aave coming next week):
Deversifi Beehive Launch
The launch of Beehive liquidity farming wraps up a tremendous November from Deversifi. The possibilities of Deversifi’s exchange are dramatically scaled up with this most recent implementation. $NEC is at the core of this feature release and has already seen corresponding price action. Discover the possibilities of L2 scaling solutions at one of the fastest and cheapest exchanges for execution.
New Sponsor: Oxis Wallet
Oxis Wallet is an easy-to-use, non-custodial wallet for DeFi degens like us. Secure, safe, and simple, the Oxis Wallet is a must have!
You know what they say…not your keys, not your coins 😉
⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.
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