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What our analysts are rambling about 🔍
BarnBridge V2
BarnBridge, a fixed-interest DeFi protocol, has just launched its V2 on the Ethereum mainnet!
Users can earn fixed interest on their deposits via interest rate swap, where variable interest rates are exchanged for a fix rate. You can even use your deposits as collateral to borrow other assets on Aave and Fiat DAO.
Currently, users can subscribe to the first epoch of their DAI pool which lasts for 30 days and offers up to 16% APY. Do note that once the subscription period has ended, users may still choose to withdraw their funds if the yield decreases, but withdrawals will no longer be possible once the pool begins to earn yield.
Sweat Economy IDO
The popular Sweatcoin app will be releasing a web3 version in the form of Sweat Wallet. It will utilize an in-game currency called Sweat Economy (SWEAT), with an IDO to be held on the DAO Maker platform in a couple of days.
In order to purchase some SWEAT, users will need to sign up for a DAO Maker account and hold DAO tokens. However, it is a lottery-based IDO, meaning only selected users will be able to purchase the SWEAT tokens. For more information on the token sale, check it out here.
SynSwap
Synapse unveiled Synapse Chain just a month ago and most recently, Synswap, a native DEX built on Synapse Chain, has also just been announced.
The idea is to leverage Synapse Chain's built-in, cross-chain capabilities for swaps. Details are bare for now and if you're interested to find out more, you can follow them on Twitter here.
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