Crypto

Sphere Finance building protocols during Bear Market

By I simon | Crytpo_Adventure_by_Ira | 5 Oct 2022


     Sphere Finance is building a large set of Defi Protocols across Polygon Matic, Binance Smart Chain, and Optimism. They are developing all the following during the bear market.

     It begins with Overnight Finance (https://overnight.fi/ ) and USD+ a fully backed stable coin on Polygon, Avax, BSC, and Optimism. It earns yield by multiple yield bearing low risk strategies that vary per blockchain with daily rebase payouts. It can be minted and redeemed 1<→1 USDC. It can be farmed with in Sphere Finance Farms(see below) and Velodrome on Optimism.

     Sphere finance has built their version of Curve / Convex with improvements taken from SolidlyExchange. This includes Dexes, Voting / bribes, and Yield Optimizer. On Polygon the Curve equivalent is Dystopia (https://www.dystopia.exchange/home) and the Convex equivalent is Penrose Money (https://www.penrose.money/). On Binance Smart Chain they produced Cone Exchange (https://www.cone.exchange/home) and Unknown Money (https://www.unknown.money/).

     Integrating all these protocols is Sphere Finance (https://www.sphere.finance/) with its own token that gets fees from all its developed protocols. Has its own burning mechanism and developing it own veSPHERE mechanism. It also has a Bond mechanism for sellers and buyer under development.

     Sphere Finance has excellent Social Media across Twitter, Telegram, Discord, and Youtube.

 

https://twitter.com/SphereDeFi

https://twitter.com/overnight_fi

https://twitter.com/dystopiaswap

https://twitter.com/PenroseDeFi

https://twitter.com/Coneswap

https://twitter.com/UnknownFinance

https://www.youtube.com/channel/UCC1jzBT_n_rSu7lkPygpW6w/videos

 

 

 

 

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I simon
I simon

New crypto investor & avid photographer


Crytpo_Adventure_by_Ira
Crytpo_Adventure_by_Ira

My lessons learned by actually using Blockchain Networks and Defi Applications

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