Kyber Ecosystem Report #8 – Kyber Network
Nuo Network now reclaims its spot as the largest DeFi integration within Kyber with $5.1M worth of monthly trading.
Note: due to some dapp-specific integration methods, we do not have insight into all our DeFi integrations and hence why Set Protocol and a few other volume-bringing integrations are not represented in the data above. We are working to change this.
Welcoming Structured to DeFi
We recently highlighted a trend within the Ethereum ecosystem were dapps were integrating with DeFi dapps already integrated downstream with other DeFi dapps, thus creating unique value chains (ie. Deversifi →Fulcrum →Kyber Network) and this month we welcome another such chain.
Structured is an Ethereum-based hedged portfolio generator that allows you to convert your Ether into fixed income structured products. These products include positions such as ‘Risk Averse Return, Long Ether’ (made of 90% Fixed Income with 7% APR and 10% 3x Leveraged ETH) and ‘80/20 Interest Long’ (40% USDC Interest, 40% DAI Interest, 10% 2x Long ETH, 10% 2x long BTC) amongst others.
Structured uses Fulcrum with Kyber Network, Compound, and Synthetix to create these positions with users maintaining custody of their funds at all times and without being subject to any lock-up periods. It’s great to see such teams pushing forward with building up the DeFi toolkit in new and innovative ways.
Published at Tue, 05 Nov 2019 12:50:02 +0000