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DeFi
Zenlink Eden: Forbidden Fruit or Bountiful Harvest
Zenlink launches Eden, a marketplace that opens up new possibilities for yield-bearing assets such as vDOT and vGLMR. Eden introduces three new tokens: Standardized Yield tokens (SY), Principal Tokens (PT), and Yield Tokens (YT). To be compatible with the Eden platform, yield bearing tokens need to be wrapped into SY tokens, which can then be split into PT and YT tokens. PT tokens offer a fixed yield, guaranteed if held until their maturity date. YT tokens offer greater exposure to yields, continuously paying yields in SY tokens at a fluctuating rate. However, they are worth $0 at their maturity date. Additional rewards can be earned by adding liquidity to pools.
vASTR is about to get Hydrated.
Bifrost has submitted a proposal on Hydration to register vASTR in the Omnipool. The Astar foundation is providing initial liquidity of $100,000 in ASTR to be minted into vASTR and then transferred to the Omnipool. Bifrost will thereafter implement a liquidity incentive in BNC, from the Bifrost treasury.
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