asymmetry finance00
$asf
MCAP726.72K
-3.77%

what's asymmetry finance?

Asymmetry Finance is a decentralized finance (DeFi) protocol specializing in customizable stablecoins that offer users the ability to borrow at fixed interest rates they set themselves. It introduces innovative stablecoins like USDaf, an inflation-resistant token providing on-chain, transparent yield estimated at 15-20% APY, backed by assets such as AMPL and SPOT, and powered by partnerships with protocols like Liquity and Yearn Finance. The project emphasizes decentralization, immutability, and real yield generation without cascading liquidation risks, targeting the growing stablecoin market. Asymmetry Finance has raised $3 million in seed funding from investors including Ecco Capital and Ankr, and its native token $ASF enables governance and participation in the ecosystem. The protocol also supports strategies like looping for higher yields on stables and ETH, positioning it as a key player in Ethereum's stablecoin infrastructure narrative.

Snapshot

Asymmetry Finance and Yearn Finance launch SunbeamMoney, a BTC savings account with real yield.

contract

ethereum

base

2D ago
ONCHAIN METRICS

afCVX vault offers 28.9% yield on CVX deposits without requiring the standard 16-week lockup period

1W ago
TOKEN ECONOMICS

Implemented revenue distribution directing 75% of USDaf revenues to veASF holders and 25% to USDaf incentives following a governance vote approval.

2M ago

Launches SunbeamMoney with Yearn Finance, a Bitcoin savings account offering real yield in BTC.

Launches new protocol in collaboration with Yearn Finance.

Round 2 (FINAL) voting is now live for voting on the winning option from Round 1, with FOR/AGAINST/ABSTAIN options available.

Bill Barhydt from AbraGlobal introduces AbraFi, a synthetic tokenization platform on Solana, launching USDAF and sUSDAF as fully-backed, delta-hedged digital dollars.

AbraFi launches sUSDAF alongside USDAF, both described as fully-backed, delta-hedged digital dollars, with plans to expand into tokenized equities and prediction markets.

Keynote at SolanaConf announces AbraFiOrg, a new Solana-based token protocol for creating synthetic assets, with USDAF as the first product in the ecosystem.

Listed as active protocol in Votemarket veFXN voting incentive round featuring $26K in total rewards across 8 campaigns.

Round 1 of governance voting is now live.

afCVX launches Round 1 voting, now live for participants to cast votes.

Asymmetry launches Votemarket integration that redirects unspent veCRV vote incentives to afCVX/CVX gauge on Stake DAO, adding bonus rewards for liquidity providers.

Deploys Votemarket Liquidity Mining Hook to optimize vote incentives, with unspent Curve veCRV voting budgets redirected as bonus rewards to afCVX/CVX liquidity providers on Stake DAO.

Pendle Finance launches new USDaf pool with April 30th maturity date.

Current yield rate on USDaf through Frax AF stands at 18.28%, down from the 32% reported on November 7th.

New USDaf liquidity pools launch on Penpie, offering boosted PENDLE yields for Pendle LP depositors on Ethereum.

Users can earn 10%+ yield in sUSDaf and set their own fixed interest rates when unlocking dollars against Bitcoin holdings.

3M ago

Upshift introduces Liquity Airdrop Farming Vault with ~15% APY on USDC/BOLD, passively LP-ing across Liquity pools including USDaf and farming Liquity airdrops.

Users can borrow USDaf against ysyBOLD collateral.

Yield opportunities in the Frax Asymmetry LP reach up to 32%, an increase from the previously reported 29%.

Goes live with a Liquity V2 BOLD ecosystem vault through Lagoon Finance featuring a BOLD / USDAF / fxUSD / USDC pool across 8+ chains, with BOLD liquidity providers earning rewards from 15+ Liquity V2 forks.

Frax Finance and Asymmetry launch co-incentivized LP called Frax AF, pairing frxUSD with USDaf on Curve Finance, featured in Curve's Best Yields of the Week.

Launches Frax AF, a co-incentivized liquidity pool with Frax Finance pairing frxUSD/USDaf on Curve Finance, featured in Curve's 'Best Yields of the Week'.

tBTC holders can borrow USDaf at 0.5% fixed rate, with yield opportunities up to 29% available.

Asymmetry distributed $YB airdrop to afCVX holders and LP participants, automatically forwarding 100% without claim requirement.

Distributes $YB airdrop to all $afCVX holders and afCVX LP participants, forwarding 100% automatically without requiring claims.

Accumulates sdPENDLE positions via Stake DAO to obtain vePENDLE voting power for directing PENDLE rewards to their liquidity pools.

23.9% APY available for USDaf deposits in Curve Finance's Liquity Protocol Forks liquidity pool alongside BOLD, ebUSD, and USDfi.

4M ago

Asymmetry Finance enables borrowing USDaf at 1.7% interest rate with high LTV ratios via managed delegation, with automation for leverage looping coming soon and fork airdrop farming opportunities available.

Liquity v2 coding is complete, enabling borrowing against Bitcoin or stablecoins through the protocol.

17.81% APY available for USDaf in Pendle Finance liquidity pool.

USDaf is part of active Votemarket voting incentive campaign alongside fxUSD, BOLD, and USDC pool, with first rewards collection scheduled for Thursday.

Asymmetry Finance contributes to a collaborative $70K+ FXN gauge incentive campaign with Token Logic, Convex, Inverse Finance, SmarDex, Metronome, and Alchemix, with voting rounds active on StakeDAO and Trevee platforms.

Updated yield farming rates show ysyBOLD collateral earning ~85.8% APR from liquidation gains, resulting in ~437% APY through 10x looping at 83.33% LTV with 1.96% USDaf borrowing cost plus fork airdrops.

Protocol controls over 60% of staked yBOLD tokens.

Allocates a percentage of token supply to incentivize BOLD/stable liquidity pairs as part of BOLD protocol's multi-chain fork rewards program.

Integration with Binance Wallet is now live, making the dApp accessible through the major wallet platform.

Announces upcoming integrations with SunbeamBTC and DegenBoxAF as next major developments. sUSDaf with Yearn currently delivers 11% APY yield based on 30-day performance.

Official governance forum launches, setting up infrastructure for community voting and governance discussions.

Protocol TVL doubles to $20M milestone with sUSDaf offering 14% APY yield.

Updated yield farming rates show ysyBOLD collateral earning ~6.5% with USDaf borrowing at just 1.5%, creating potential for ~50% APR through 10x looping plus airdrop opportunities.

5M ago

Integration with Euler protocol goes live, enabling borrowing and lending of USDaf, sUSDaf, Pendle PTs, USDC, and USDT with rewards in rEUL, opASF, and Boosted Gems.

Whales are accumulating tokens while a new BOLD integration launches, enabling users to deposit ysyBOLD as collateral earning 5.6%, mint USDAF at 3.75% cost, and loop positions up to 10x for approximately 19% net yield plus airdrops.

Whales show increasing trust in the protocol, with the platform claiming #1 position for BTC and stablecoin borrowing.

Current sUSDaf yield rate hits 21.8% weekly for USDaf deposits, offering real yield paid in kind.

New integration with Equilibria protocol launches with 4,500 ASF token incentives for USDaf pool voting.

ASF token expands to Base blockchain and will soon be tradable on Coinbase as a select listed asset.

Asymmetry finance is among 15+ projects offering airdrops to Liquity V2 participants, with only 1,000 participants currently eligible compared to 50,000+ in other major airdrops.

Research competition for v2 protocol upgrade completes, introducing modified Liquity CDP and expanded collateral options.

New integration with sfrxUSD enables expanded borrowing and yield multiplication capabilities.

6M ago

Options derivative opASF goes live, targeting long-term protocol-owned liquidity building.

Deploys $58K in Curve Finance votemarket, ranking 7th among 21 protocols for CRV incentives.

Protocol TVL surpasses $10M milestone within first week of launch.

Protocol reaches $10M TVL post-relaunch with 2.31% borrow rate and 57% token appreciation in 30 days.

sUSDaf strategy currently offering 12% yield on stablecoin deposits, outperforming USDS sky rewards.

Protocol reaches $8m TVL within 5 days, growing 5x faster than previous version

New USDaf pool launches on Penpie offering 84% APY and 30x Gems rewards for Pendle LP deposits.

New $660k USDaf loan issued against 8.7 wBTC collateral ($1M+) at 2.5% fixed rate, demonstrating significant institutional-size lending activity.

sUSDaf launches on Equilibria platform with 250% vePENDLE boost and 15x Asymmetry Points rewards.

USDaf lending reaches $3M+ in borrowing volume with 30x Gem Rush incentives for $ASF airdrop.

New USDaf borrowing product launches with customizable fixed interest loans starting at 0.5%

Mainnet launch goes live with yield-bearing stables and BTC variants as collateral, featuring 6% APY on ysyBOLD deposits.

Launch day confirmed with Asym & Friends pre-launch party on X Space.

7M ago

Development of new inflation-resistant stablecoin AmpUSD backed by AMPL and SPOT, with Fidelity confirmed as project backer.

New $pASF Pod launches on Ethereum, enabling ASF token yield farming with USDC/ASF rewards and borrowing/leverage features.

$85,000 reward pool announced for USDaf stablecoin testing competition, running through July 21 with 0.5% fixed interest rates.

Security audit competition launches on Cantina platform until July 21st with dedicated researcher reviewing findings in real-time.

Fixed-rate USD lending against BTC collateral launching soon with rates from 0.5% to 25%.

July deployment confirmed with $100k audit competition and new collateral structure; upcoming one-click yield mechanism to offer 40-50% APY on stables.

New protocol version in development with improved oracle architecture; redeployment confirmed.

8M ago

Protocol shutdown successfully resolved with all affected branches redeemed and no user funds lost; redeployment plans in development.

tBTC oracle issue triggers automatic protocol shutdown; users must immediately close all positions and stability pool positions while funds remain fully backed and redeemable.

Large $800k+ fixed-rate loan executed at 1.1% interest rate, demonstrating significant platform adoption.

New options product opASF launches alongside Protocol Owned Liquidity initiative

First whale borrows $150k at 0.9% APR against 500k sUSDS, validating sub-1% lending rates.

New 1-click loop function launching soon to streamline protocol interaction.

Stability pools offer 5-35% APR with task multipliers and referral rewards.

New immutable stablecoin USDaf launches with user-fixed interest rates for borrowing.

New Curve Stable LP pool launching for USDaf with yield opportunities as protocol scales

New Curve Stable LP launches with yield potential as asset scaling begins.

Protocol launches with user-controlled fixed interest rates and immutable contracts, allowing borrowers to set their own lending terms.

Protocol now supports yield-bearing stables as collateral and introduces points system for USDaf usage across DeFi.

Contracts are now deployed with open-sourced code, and new sUSDaf stability pools are being implemented in partnership with Yearn for optimized yields.

Three-week rollout begins with gauge proposals, followed by deposits/borrowing launch, and culminates in Convex/Curve integration plus one-click leverage multiplication feature activation.

Launch confirmed for Wednesday.

USDaf stablecoin launches tomorrow.

Mainnet launch confirmed for May 28th with cbBTC and WBTC collateral support, featuring immutable contracts from day one.

Fidelity-backed protocol partners with Yearn team, supports 8 collateral types for USDaf stablecoin launching in 1 week. Market cap reaches $22M.

Launch scheduled in one week with confirmed Fidelity backing and Yearn collaboration.

USDaf documentation released with customizable borrowing features including user-defined interest rates and LTV ratios.

New borrowing protocol enables custom interest rates and LTV ratios, with documentation now available.

9M ago

Stablecoin USDaf launch imminent with $25M TVL across ecosystem products at current $16M market cap.

Implemented fallback oracle pricing system using Curve Finance EMA oracles for enhanced security.

Chainlink Data Feeds integration announced for 8 collateral assets on Ethereum mainnet, with immutable fixed interest rates feature coming soon.

New stablecoin launching with Chainlink oracle integration for 8 collaterals on Ethereum, featuring user-set fixed interest rates.

afCVX offers 20% yield through CVX staking with compounding mechanism.

Protocol implements sfrxUSD as new collateral replacing sfrxETH, pivoting to focus exclusively on BTC and stablecoin collateral types.

Demo version launches with gem rewards for user feedback and testing.

Active compounder offers 22%+ APR plus Gem rewards and future airdrop eligibility.

Two upcoming stablecoins undergo name changes: USDaf becomes ampUSD, and USA.d becomes USDaf.