A partnership with the purpose of bringing native BTC liquidity to Binance Smart Chain!

Motivation:

Value DeFi and Ren Protocol will combine their resources to bring BTC and ZEC directly to Binance Smart Chain (BSC). Ren recently added BSC support to RenVM and released RenBridge 2, designed to easily bridge BTC, ZEC, DOGE, etc to other chains. Using this bridge, users can easily convert any amount of native BTC, etc to renBTC BEP-20 and vice versa.

https://bridge.renproject.io


vBSWAP holders, we are extremely pleased to share with you our first vStake pool in partnership with CDO Finance.

This recently introduced product will allow stakers in any of our vStake pools to receive profit-share from our BSC ecosystem. How does it work? Simply stake your tokens to a vStake and let the smart contract do the hard-work for you!

About the vStake Pool:

Stake vBSWAP tokens, to earn CODEX tokens!

vFarm…


Since its launch on November 24 2020, bEarn Fi has always demonstrated to be a great partner for the on-going growth of the Value DeFi ecosystem. The two projects joined forces early one and they accomplished important milestones together; one of which being the creation of one of the most lucrative vFarms (BFI on Ethereum blockchain) with the highest APY to date on the Value DeFi platform.

Due to the rising cost of ETH gas fees and the rising demand from our community, the Value DeFi recently expanded to Binance Smart Chain (BSC) and launched their first deflationary token on…


The purpose of this Medium article is to outline key components of the newly released vToken Whitepaper. For a more complete view of the system, the Official vToken Whitepaper can be referenced at: Whitepaper Link


Summary

Following the MultiStables Vault Exploit Post-mortem https://link.medium.com/syV3D7uV4bb, we will create a compensation fund which will be funded by a combination of the dev fund, insurance fund and a portion of fees that are currently generated by the protocol.

Motivation

We propose some changes to the fee structure as follows:

Increase vault performance fees to 20% and receipt from swap fees to 50% (previously was 14% and 30%)

Then, we consider two options on how the fees go to the compensation fund:

1) 30% of all profits (with the new above fees) go to the compensation fund (exactly 6% of…


Introducing vUSD and vETH

Note: This article represents a snapshot of a work in progress for the upcoming rebase decentralized lending platform. All the descriptions in this article are subject to change at anytime. We invite the community to refine these ideas with us to make a better platform.

Digital assets pegged to a stable asset with elastic supplies are a fundamentally new paradigm in the world of decentralized finance. These assets work by pegging a token to a price feed with pre-defined “rebasing” rules. …


New Released Features : Read more here

★ Composite Vaults.

Future Features : Read more below

★ Improved Vaults.

★ FaaS Phase 2.

★ Decentralized Secured Loan Marketplace. Collateralize LPs, Borrow vUSD! Find out more here.

★ Core Upgrade for Value Liquid to use an external router instead of Balancer’s internal proxy. Estimated savings of up to 70% cheaper gas price!

★ Value DeFi Goes Cross-chain.

★ Vaults-as-a-Service.


New Released Features

★ Composite Vaults. Read more below.

Future Features : Read more here

★ Improved Vaults.

★ FaaS Phase 2.

★ Decentralized Secured Loan Marketplace. Collateralize LPs, Borrow vUSD! Find out more here.

★ Core Upgrade for Value Liquid to use an external router instead of Balancer’s internal proxy. Estimated savings of up to 70% cheaper gas price!

★ Value DeFi Goes Cross-chain.

★ Vaults-as-a-Service.


In light of the recent flash loan exploit on our previous oracle mechanism, we have engaged multiple security experts to find a solution for securing the ValueDeFi protocol. After many focused discussions and weighing the different options, we found Chainlink to be the best oracle solution that provides a sufficiently robust and tamper-resistant price oracle solution capable of mitigating flash loan attacks.

The MultiStables Vault relaunch will utilize Chainlink Price Feeds for all supported stablecoins to ensure our oracles maintain round the clock market coverage across all trading environments. This removes our exposure to temporary flash loan-induced price distortions that…


Summary:

The ValueDefi MultiStables vault was recently the subject of a complex attack that resulted in a loss of user deposits. What follows below is a post-mortem analysis and a description of proposed actions to mitigate economic impact on the community.

The Incident:

On Nov 14th 2020 at 03:36:30 PM UTC, a hacker performed a flash-loan exploit on the MultiStables vault of ValueDeFi protocol, which resulted in a net loss of roughly 6mil$.

The new vault uses our new code of vault v2, which had not been audited.

Our Solidity lead dev has provided a summary of the attack that…

Value DeFi Protocol

Bring True Value to DeFi — https://valuedefi.io

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store