The tool offers more efficient incentives than competitors like Curve Finance’s rewards and can help pegged assets such as stablecoins, liquid staking derivatives keep their prices more stable, the protocol said.
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools.
DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap
The token, named 1INCH and running on Ethereum, will be distributed to all wallets that have previously interacted with the platform.
With COMP Below $100, a Look Back at the ‘DeFi Summer’ It Sparked
Compound’s governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.
Uniswap Takes Lead Over SushiSwap Less Than 24 Hours After SUSHI Rewards Drop
Shortly after SushiSwap’s block rewards fell from 1,000 SUSHI tokens to 100, total value locked has fallen behind rival Uniswap.
DeFi Lender Aave Rolls Out Governance Token on Path to Decentralization
Aave will transfer ownership of the protocol to a “genesis governance” built and approved by LEND token holders. It will also swap LEND tokens for AAVE.
Following COMP’s Surge, DeFi Platform Balancer Begins Distribution of BAL Tokens
Balancer Labs, the maker of an automated portfolio management tool, has confirmed with CoinDesk that it has begun distribution of its BAL token.