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๐Ÿš€๐Ÿ’ฐHold on to your hats, BTC enthusiasts! DeFi market maker Swaap Finance has launched a new service, Swap Earn, that lets users earn extra yield on already yield-bearing assets. How? By topping up investor returns through market-making yield and spreading assets across multiple pre-defined protocols. It's like yield on top of yield! ๐Ÿคฏ๐Ÿ’ธ ๐Ÿ”„Market making in DeFi is when users provide liquidity to decentralized exchanges, making it easier for crypto buyers to find sellers, and vice versa. The yield from market-making can come from trading/swap fees or intrinsic token rewards. ๐Ÿ”ฅWith Swaap Earn, liquidity providers can earn a "superior yield" by depositing their assets into single asset vaults. These assets are then dynamically distributed across multiple protocols to find the most optimal yield at any given time. ๐Ÿ”’This model offers investors passive returns that are trust minimized. Over time, Swaap's decentralized governance can add new allocation rules and strategies to keep yields as high as possible. ๐Ÿš€"The beauty of Swaap Earn lies in its simplicity and efficiency," said David Bouba of Swaap Labs. "We're setting a new standard for liquidity utilization in the DeFi space." ๐Ÿ“ˆSwaap's growth continues with the first vaults on Swaap Earn developed in conjunction with Lido and Aave. Despite challenges in the DeFi space, Swaap Earn was created to solve these issues while increasing the returns available to LPs. ๐ŸŽ‰One year ago, Swaap Labs closed a seed funding round for $4.5 million. Now, with the launch of Swaap v2 in July 2023, it's bringing advanced autopilot market trading strategies to all users for the first time. Get ready for a supercharged DeFi yield protocol! ๐Ÿš€๐Ÿ’ฐ

๐Ÿš€๐Ÿ’ฐHold on to your hats, BTC enthusiasts! DeFi market maker Swaap Finance has launched a new service, Swap Earn, that lets users earn extra yield on already yield-bearing assets. How? By topping up investor returns through market-making yield and spreading assets across multiple pre-defined protocols. It's like yield on top of yield! ๐Ÿคฏ๐Ÿ’ธ

๐Ÿ”„Market making in DeFi is when users provide liquidity to decentralized exchanges, making it easier for crypto buyers to find sellers, and vice versa. The yield from market-making can come from trading/swap fees or intrinsic token rewards.

๐Ÿ”ฅWith Swaap Earn, liquidity providers can earn a "superior yield" by depositing their assets into single asset vaults. These assets are then dynamically distributed across multiple protocols to find the most optimal yield at any given time.

๐Ÿ”’This model offers investors passive returns that are trust minimized. Over time, Swaap's decentralized governance can add new allocation rules and strategies to keep yields as high as possible.

๐Ÿš€"The beauty of Swaap Earn lies in its simplicity and efficiency," said David Bouba of Swaap Labs. "We're setting a new standard for liquidity utilization in the DeFi space."

๐Ÿ“ˆSwaap's growth continues with the first vaults on Swaap Earn developed in conjunction with Lido and Aave. Despite challenges in the DeFi space, Swaap Earn was created to solve these issues while increasing the returns available to LPs.

๐ŸŽ‰One year ago, Swaap Labs closed a seed funding round for $4.5 million. Now, with the launch of Swaap v2 in July 2023, it's bringing advanced autopilot market trading strategies to all users for the first time. Get ready for a supercharged DeFi yield protocol! ๐Ÿš€๐Ÿ’ฐ

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๐Ÿ“ข๐Ÿ“ข Heads up, BTC enthusiasts! UwU Lend protocol, still recovering from a $19.3 million hack on June 10, has been hit again! This time, a whopping $3.7 million has been swiped. ๐Ÿ˜ฑ Cyvers, an on-chain data analytics platform, was the first to raise the alarm. The culprits? Seemingly the same bad actors from the June 10 incident. ๐Ÿ•ต๏ธโ€โ™‚๏ธ The stolen funds, sourced from various asset pools, have already been converted into Ethereum and transferred to the attackerโ€™s address. ๐Ÿšจ But don't panic just yet! ๐Ÿšซ๐Ÿ”ฅ Following the initial breach, the UwU Lend team took immediate measures to limit the damage. The protocol was temporarily paused while investigations were conducted into the vulnerabilities exploited by the hackers. In an update on June 12, the UwU team disclosed that they had identified the specific vulnerability related to the sUSDe market oracle and claimed to have resolved it. ๐Ÿ› ๏ธ They've also assured users that no funds have been permanently lost during the incident. Phew! ๐Ÿ˜… UwU has been working hard to reimburse its users, with a total of $9,715,288 returned to affected users so far. ๐Ÿ‘๐Ÿ‘ UwU Lend, a fork of the open-source AAVE v2 protocol, offers its users various decentralized finance services such as lending, borrowing, and staking. One of its unique features includes a revenue-sharing token called UwU. ๐Ÿ’ฐ Stay tuned for more updates, folks! ๐Ÿš€๐ŸŒ•
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