To the DeFi community,
This week Terra founder Do Kwon has declared war against prominent Dai stablecoin (DAI), via the launch of “4pool” – a stablecoin liquidity pool on Curve with an emphasis on UST and FRAX. The pool is attempting to attract liquidity from “3pool”, a similar pool containing DAI, by using large quantities of CVX to drive incentives.
1/ Introducing the 4pool – between @fraxfinance, TFL and @redactedcartel we pretty much own all the cvx
UST-FRAX-USDC-USDT
Curve wars are over, all emissions are going to the 4pool https://t.co/LNJs7CAfcV
— Do Kwon 🌕 (@stablekwon) April 1, 2022
Grayscale has shaken up its DeFi fund with the first quarterly rebalance of 2022, removing Synthetix (SNX) and Sushi (SUSHI) from its basket of assets. Both tokens failed to meet the minimum market cap threshold to remain in the fund. Taking their place are Avalanche (AVAX) and Polkadot (DOT).
NEW: As part of our quarterly rebalancing, $DOT and $AVAX have been added to Grayscal
We współpracy z: https://defirate.com/this-week-in-defi-april-8/
