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Protocol of the Week
Idle Finance.
Idle Finance is a decentralized rebalancing protocol. The protocol allows users to automatically and algorithmically manage their digital asset allocation among different third-party DeFi protocols.
Depending on your individual situation, you can choose to maximize your interest rate returns or minimize your risk exposure. No matter your investment preferences, Idle Finance has a quality option for you.
Idle Finance governs itself through its native token – IDLE.
DeFi Strategy of the Week
Using Idle Finance to passively grow your income.
Idle Finance bundles crypto-assets (ETH, WBTC, and stablecoins) into tokenized baskets programmed to automatically rebalance funds according to different management strategies. Currently, Idle uses two different allocation strategies:
- Best-Yield = Combines multiple money markets to automatically provide the highest interest rates, beating the best traditional offerings across interest-bearing tokens and DeFi protocols.
- Risk-Adjusted = Automatically changes the asset allocation to find the optimal mix between risk scores and yield.
Each of these allocation methods uses a strategy-token system. So, each allocation strategy has its own set of tokens, representing a pool of yield-generating assets spread across different DeFi protocols. These tokens represent the investor’s proportional ownership of the whole pool and interest accrued over time.
Get started by visiting the Idle Finance Dashboard and connecting your wallet.
Yield Farm of the Week
Yield Farming through Non-Fungible DeFi.
Non-Fungible DeFi (NFD) is a token technology that aims to be wholly independent. The platform enables users to withdraw initial deposited tokens and income via NFD Tokens, which can also be exchanged for any cryptocurrency. NFD is governed through its native token – $NFD.
Non-Fungible DeFi offers four primary products crypto investors may be interested in. These products include NFT Games, the NFD Marketplace, NFD Farming/Staking, and the NFD DEX.
— NFT Games
NFT games allows users to enjoy fun, high-graphic gaming that comes with the potential to earn tokens and rare NFTs as rewards. Token rewards are distributed when a player reaches a particular milestone. NFTs, on the other hand, are rewarded to the top player or each month.
— NFD Marketplace
The NFD Marketplace is a space for users to buy and sell high-valued and rare NFTs. Plus, the NFD marketplace offers some of the lowest fees in the market. The marketplace also allows users to host auctions for certain NFTs with 100 percent transparency.
— NFD Farming/Staking
The key NFD product for all the yield farmers out there is NFD Farming/Staking. NFD provides best-in-class yield farm and staking pools for potential investors. And, through cutting-edge technology and awesome UI, every NFD farmer gets easy access to tremendous APYs.
— NFD DEX
NFD DEX is built to compete with the best DEX players like PancackeSwap and Julswap. These bigger DEXs charge a 0.5 – 1 percent fee per transaction; NFD DEX only charges 0.2 percent. Additionally, NFD DEX maintains one of the lowest slippages by utilizing the Binance Order book API.
Access the NFD Dapp and connect your wallet to start playing, farming, and trading today.
News & Industry Updates
1.) Square Customers Spent $2.7 Billion on Bitcoin in Q2
Square’s Q2 reports revealed the company made a total of $2.72 billion in revenue in Q2 2021.
2.) Senate Committee Calls for Crytpo Regulations
Government crypto regulation in the U.S. is looking like more and more of an inevitability. On July 27, the Senate held a meeting to explore potential regulation needs for the cryptocurrency sector.
3.) NYDFS Plans to Collect Diversity Data from Banking and Crypto Institutions
All authorized virtual currency service providers will be required to submit diversity data of their boards and management to the NYDFS.
4.) FARM Token Up 200% in Week After Coinbase Listing
Featured on Block_Life a few weeks ago, FARM, the native token of Harvest Finance, has surged following a listing on cryptocurrency exchange Coinbase.
5.) US Derivatives Traders are Easily Bypassing Blocks on Offshore Exchanges
New research has found U.S. crypto traders are easily able to bypass blocks on overseas derivatives platforms via virtual private networks, or by simply lying about where they’re from.
