Happy Birthday ETH2x-FLI ๐๐๐๐๐
The original ETH2x-FLI leverage token was built on @compoundfinance and launched on March 17, 2021 when ETH was trading at ~$1,800.
Vaults are the ETFs of the crypto world ๐
They package DeFiโs growing opportunity set into a single product that's accessible to institutions, retail, and everyone in between.
From our conversation with @RasterlyRock, Head of Research at @Bitwise.
ETH2x and ETH3x minting and redemptions on Ethereum and Arbitrum are temporarily disabled due to @aave pausing WETH markets following the rsETH incident.
Index Coop products are not directly impacted, and all user funds remain safe.
We will restore normal functionality once Aave unpauses the WETH market.
Weโve begun a new sub-series of The @Edge_Pod dedicated to coverage of newer, less known, up-and-coming DeFi protocols.
@LotusFi_ offers a novel design for tranched credit markets, allowing more capital efficient โcascading liquidity.โ
Different from Aave or Morpho.
Lenders earn more, as borrowers can pay higher or lower interest rates for safer or more risky LLTVs.
In the end, we donโt turn tail to run from the risk of bad debt, instead we allow markets to price and meet the needs of these lenders and borrowers.
Lotus is not fully launched yet (early beta access) so itโs a great time to explore this new design by some of the giga-brains behind @indexcoopโs pioneering DeFi product suite.