PinnedBackd is now MeroToday we are saying goodbye to Backd and welcoming our new brand name, Mero (pronounced mair-oh). Since our early stages of development our team, community, and vision have evolved to a point where we have outgrown our original name, Backd. …Mero Finance2 min read
PinnedBackd is live!The Backd protocol is live on Ethereum mainnet! Users can start earning yield by providing liquidity into Backd’s yield-aggregating liquidity pools. As Backd brings reactive liquidity to DeFi, new protocol components and features will continue to unlock following the Phase I launch. Phase I: Yield Phase I of the Backd launch, enables liquidity…Defi2 min read
Jun 7Backd raises $3.5 millionToday we are excited to announce that Backd has secured over $3.5 million in our latest funding round led by Advanced Blockchain AG and participants including Spartan Group, Maven 11 Capital, Struck Crypto, Apollo Capital, and Divergence Ventures. …Defi3 min read
Aug 27, 2021The Backd Cookbook — Seeking alpha with BackdOver the last year the cryptocurrency market has experienced a parabolic increase in the demand for leverage. Many traders and institutions want to maximize their exposure to speculative cryptocurrency assets. Although difficult to measure, the notional value of the cryptocurrency derivatives market is estimated to be around 5 times that…Defi4 min read
Aug 24, 2021Backd testnet guideThe Backd protocol has been deployed on Kovan testnet. Through testnet, users can simulate core protocol functions such as providing liquidity and registering collateral top-ups. This blog post will serve as a quick introduction and guide to Backd on testnet. For extensive information on Backd testnet, refer to the docs. Providing liquidity on Backd testnetDefi3 min read
Jul 19, 2021Becoming a Backd KeeperKeepers are an integral part of Backd’s reactive liquidity. A keeper is an off-chain bot that monitors registered Action positions and reports eligible Actions to the Backd smart contract. The Backd smart contract handles users’ funds and executes Actions when needed. Keepers collect a percent of the generated protocol fee…Liquidation Bot4 min read
Jul 12, 2021Yield-farming on BackdThrough the development of protocols such as AMMs and money markets, DeFi has become sustainably more liquid. However, it is often inept to a user’s capital. Static or single-utility liquidity pools dominate networks causing liquidity fragmentation and excessive opportunity costs for users. …Liquidation Protection4 min read
Jul 5, 2021Collateral top-ups through BackdThe Backd protocol deploys reactive liquidity pools which enable users to register Actions to their provided liquidity. Specifically, this enables LPs to autonomously delegate their liquidity to where it is the most efficient (while earning yield and rewards). The first Action that Backd will support is collateral top-ups. …Liquidation Protection5 min read
Jun 29, 2021Introducing the Backd ProtocolBackd is a trustless reactive liquidity protocol where users can earn yield and register Actions with their liquidity. Through Backd, users can make their assets autonomously reactive to market conditions. …Defi5 min read
