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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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BarnBridge unveils application to maintain portfolio weightings of ERC-20 tokens

BarnBridge’s “SMART Exposure” application automatically rebalances ERC-20 tokens held in a user’s portfolio to ensure they maintain specific weightings.

Decentralized finance protocol BarnBridge has introduced an application that allows users to automate position management between Ethereum-based assets.

On July 5, BarnBridge announced its second application, dubbed "SMART Exposure." The application enables users to passively maintain a particular weighting between the assets in a specific ERC-20 token pair through automatic rebalancing.

The application has been launched on the Ethereum mainnet with support for wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), and USD Coin (USDC) in pairings weighted to 75/25 or 50/50 ratios. It will also be deployed on the Polygon Network in the coming weeks.

The protocol explained that the functionality is possible because SMART Exposure maintains its own asset pools.

Each exposure ratio is represented by a fungible ERC-20 token with its own ticker, allowing the positions to be traded on secondary markets, or potentially used as collateral in other protocols. BarnBridge stated:

“We expect SMART Exposure to serve as a key building block for structured products incorporating assets from other BarnBridge products in the future. Today, it offers an efficient passive treasury management solution as well as tokenized versions of popular ratios.”

Related: Report identifies 18 serious 'non-financial risks' for DeFi

BarnBridge, officially launched in September 2020, is a derivatives protocol focused on structured stablecoin lending products. It aims to facilitate the transition to DeFi by addressing some key aspects of institutional activity, such as risk management and access to fixed income instruments.

According to DefiLlama, BarnBridge has a total value locked of $294 million at the time of writing.

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