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Recap of DeFi Space, June 2021

Defiprime Newsletter
Defiprime Newsletter
New DeFi Products
  • Alkimiya ProtocolThe Alkimiya Protocol is a new DeFi product that hopes to build a permissionless, non-custodial protocol which enables miners to sell their hashpower through a bilateral contract, and build a structured products engine in which users can restructure their contracts into other forms of yield-generating assets, backed by cash flow.
  • ARCx DeFi PassportARCx’s ‘DeFi Passport’, is a new product which hopes to allow users to leverage their on-chain activity so they can prove their ‘creditworthiness’, on a scale from 0 to 999, and qualify for additional benefits across crypto protocols, similar to how high credit scores can help investors clinch lower rates.
  • Circle YieldCircle Yield is a new program by Circle which aims to allow companies to access new, profitable ways to build corporate treasury programs using rapidly growing digital asset lending markets.
  • AladdinDAOAladdinDAO is a protocol launched by a consortium of 14 founding contributors and investors, who are passionate about bringing some order to the crypto world, and aim to leverage DeFi big brains to research and analyze opportunities in DeFi and bring them to the broader community.
  • Compound TreasuryCompound Treasury is a DeFi product which is designed to further access to the Compound protocol, and aimed at non-crypto native businesses and financial institutions
Aave is a sponsor of our monthly newsletter 🙏
Aave is an open-source and non-custodial protocol for money market creation on Ethereum. Originally launched with the Aave Market, it now supports a Uniswap Market and enables users and developers to earn interest and leverage their assets. Aave also pioneered Flash Loans, the first uncollateralized loan option in DeFi, and an innovative building block for developers.
What’s new at Defiprime
Defiprime listed a handful of new products this month. They include:
  • Liquidity, which is a decentralized borrowing protocol which allows you to draw interest-free loans against Ether, used as collateral✅
  • Alchemix, a future-yield-backed synthetic asset platform, which has flexible instant loans which repay themselves over time✅
  • DefiLlama, a multi-chain defi TVL stats dashboard, in which data connectors are contributed to and maintained by a community✅
  • Lido, which is a liquid staking solution for ETH 2.0, which allows users to stake their ETH without having to maintain infrastructure✅
Interviews with DeFi projects
  • What about a Euro stablecoin? Claude Eguienta told us about the token issuance protocol and Euro stablecoin that they are building at Mimo.
  • Sovryn: Bitcoin-Based Trading and Lending Platform Ororo shared Sovryn backstory, and told us how they are building a bitcoin-based DeFi platform for seamless lending and borrowing.
  • Wondering about NFTs? Bruno Marshall told us about their novel NFT Marketplace platform built on Harmony, and the intersection of emerging creators and the passion economy with DeFi solutions.
  • What really is the Liquidity Protocol? Robert Lauko of Liquidity itself explains, along with telling how Liquidity is governance free, and a censorship-resistant interest-free borrowing protocol.
Noteworthy Links
💸 Venture Financing
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