Disclaimer: This is a proposal to Inverse DAO and is still pending discussions and approval of INV on-chain governance. Nothing in this article is officially endorsed by Inverse DAO, yet.
Yield-bearing xTokens have risen in popularity across DeFi protocols as a simple and efficient method of sharing token inflation and/or protocol revenue with loyal stakers.
However, the use of xTokens also created 2 problems:
The proposed xINV…
Disclaimers: This is a HIGHLY experimental unaudited protocol. You may lose 100% of your funds. If you don’t understand the risks, you may also get arbed by other traders. There are no refunds.
Compound, Maker, Synthetix and the Iron Bank all inherently offer the same service. They are protocols that allow users to exchange their collateral for borrowing credit.
Lending protocols issue credit in the form of an allowance that can be used to withdraw supplied assets. Synthetic protocols also issue credit but in the form of an ERC20 token such as Dai, sUSD or sTSLA for example. …
Market buying is not for everyone. Risk averse investors may be bullish on ETH or BTC but are reluctant to risk their capital in volatile markets.
Inverse.finance is a protocol that offers passive no-loss investment in any token by following a Dollar-Cost Averaging strategy using stablecoin yield. Starting with ETH.
Users deposit Dai and receive a vault token in a 1:1 ratio. The vault then invests Dai in a yield optimizer protocol such as Yearn. Earnings are continuously swapped to ETH and distributed to depositors as long as they hold the vault token. Dai is withdrawable at any time.
Have you ever sent Dai to a new address, gone to use it, only to realize that you’ve got no ETH in the address and you must go acquire some in order to do anything with that Dai?
Thanks to the upgrades with Much Cooler Dai (MCD), you can now send Dai without any ETH!
TL;DR: We built a gasless non-custodial DAI wallet that allows you to send DAI and pay transaction fees in DAI instead of Ether. You can get it on Android below or follow @LamarkazLab on Twitter to be notified of the iOS release.
Different proposals attempted to solve this problem for years. One popular method to achieve gasless (without Ether gas fees) token transfers is known as meta-transactions, a layer 2 architecture that allows you to delegate the payment of Ether gas fees to someone (called a relayer) while you pay them in any token.
While this sounds great in…