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Finance Redefined: What’s a DeFi merger, anyway? Nov. 25–Dec. 2

Published 12/03/2020, 06:12 AM
Updated 12/03/2020, 08:00 AM
Finance Redefined: What’s a DeFi merger, anyway? Nov. 25–Dec. 2

The biggest events in DeFi this week all involved Yearn.finance, the yield farming optimization protocol. I covered the first, Pickle Finance, in my last installment.

Since then, we’ve seen integrations with Cream Finance, a lending protocol similar to Compound; Cover Protocol, an insurance provider that recently paid out users for the Pickle hack; Akropolis, another protocol primarily dealing with yield optimization; and as the most significant of all, SushiSwap, the decentralized exchange born as a Uniswap parasite.

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