Key Takeaways

  • Andre Cronje has launched a new DeFi Protocol called Deriswap.
  • The project combines swaps, futures, options and loans with the aim of improving capital efficiency.
  • It’s currently under audit.

Share this article

Andre Cronje, the founder of the highly-popular DeFi protocol yEarn.Finance has released details of a new project called Deriswap. 

Cronje has been extremely busy in the DeFi space throughout this year, and his latest project focuses on creating what he calls “capital efficiency.” In a Medium blog post, Cronje said:

“Deriswap (currently under audit), combines Swaps, Options, and Loans into a capital efficient single contract, allowing interaction between the two assets that make up the pair.”

He explained that it would benefit liquidity providers (LPs) by maintaining exposure and collecting additional rewards. 

There are already several popular DeFi protocols that enable swaps (Uniswap, Sushiswap), options (Hegic, Opyn), and loans (Aave, Compound). However, Deriswap differs in its ability to offer multiple functions within one contract.

Andre Cronje, the Deriswap Architect

Of course, Cronje is already familiar with all these projects. He was heavily involved in Hegic, while his yEarn.Finance protocol acts as a yield optimizer combining Aave, Compound, and more. 

yEarn has had a particularly memorable year: when Cronje released the protocol’s YFI token in July, the DeFi community embraced its “fair launch” process (Cronje himself had to take part in yield farming to get hold of any YFI tokens).

In September, it hit an all-time high price of $43,678, according to Coingecko. It currently trades at $25,253.

YFI Token Price Action
YFI Token Price Action. Source: CoinGecko

Cronje’s other recent projects include Keep3r and Eminence, a gaming platform hacked for $7 million in users’ funds. Such is Cronje’s level of fame in the DeFi space, many users risked putting funds into the contract before it had been properly announced or audited. 

Full details on Deriswap, including the launch date, are yet to be released. The protocol is currently under audit.

Disclosure: One or more members of the Crypto Briefing Management team are investors in Hegic. Andre Cronje, the creator of yEarn Finance, is an equity-holder in Crypto Briefing.

Share this article

88 COMMENTS

  1. Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.|

  2. Thanks for a marvelous posting! I seriously enjoyed reading it, you could be a great author.I will remember to bookmark your blog and will often come back in the future. I want to encourage yourself to continue your great posts, have a nice weekend!|

  3. Hi, i think that i saw you visited my web site thus i came to “return the favor”.I’m attempting to find things to enhance my web site!I suppose its ok to use a few of your ideas!!|

  4. What’s up it’s me, I am also visiting this website daily, this website is genuinely nice and the users are truly sharing pleasant thoughts.|

  5. Thanks for the auspicious writeup. It if truth be told was once a leisure account it. Glance complicated to far brought agreeable from you! However, how could we communicate?|

  6. When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four e-mails with the same comment. Is there any way you can remove me from that service? Thanks!|

LEAVE A REPLY

Please enter your comment!
Please enter your name here