DeFiner Community Update: May 15-21

648494413-1 DeFiner’s, it’s been a difficult week in crypto, especially after the massive correction the market saw this past Wednesday. According to DeFi Llama, the DeFi correction amounted to a 21.5% drop in TVL across the board.

While the market appears to be recovering so far (fingers crossed), it’s important to remember to stay the course and move forward regardless of market conditions. Rome certainly wasn’t built in a day, and the future of DeFi belongs to strong communities, builders, and crypto natives who want to help ‘buidl’ the future of open finance.

Here at DeFiner, our ethos remains unchanged, as we intend to keep building, growing out the DeFi ecosystem, and continuing to ‘buidl’ innovative technology, ideas, and a strong community.

Now, for the good parts of DeFi this week, here’s DeFiner’s week in review:

Gas Fee Reduction

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The cost of gas on Ethereum is ridiculously high these days, with some transactions actually bigger than the amount being transacted. To help alleviate that pain on DeFiner, our tech team was able to successfully rework our code to reduce expensive cross-contract calls by almost 50% on the platform.

To learn how the team was able to solve the gas crunch, click here.

Gas on Us Campaign, Part II

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The gas fee fix by our tech team was a major step forward for DeFiner, allowing us to help out our community shave off some transaction costs, but we wanted to give back even more. That is why DeFiner decided to run its second Gas on Us Campaign, where we will reimburse your Eth gas costs 100% for the next two weeks for either Depositing, Borrowing, or Repaying functions on our protocol from May 19, 2021 @ Midnight UTC-4 until June 2, 2021 @ UTC-4. Only 1 gas transaction will be reimbursed per person, and will be paid out in FIN tokens.

Near Ecosystem

After announcing our partnership with the Aurora EVM last week, we are happy to be joining an exciting ecosystem on the Near Protocol that’s growing every day. DeFiner believes this partnership will give people even more options to lend, borrow, stake, and become a liquidity providers in the DeFi space.

We wanted to give a shout out to @Near_Mates for making this ‘Into the Near’ infographic on the growing amount of dApps on Aurora!

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