The DeFi analytics team has prepared a summary of the DeFi market, events, and important news that happened last week. More smart DeFi ideas and memes (of course) – Discord channel and t.me/defimr. Stay tuned! Disclaimer: This post is for informational purposes only and should not be relied upon as a basis for investment decisions. Please do not follow any opinion as a specific strategy.
🤟 DeFi Overview
TVL: $5.25 B
+7.78% / 7 days
👾 DeFi News
- NEW Avalanche Projects and Ecosystem Overview (SnowBank DAO Insane APY – BE CAREFUL)
The AVAX rush is on as Avalanche hits an all-time high (ATH) in both price and total value locked (TVL) into the ecosystem. Today we took a look at some of the best places to earn yield such as on Yield Yak, an auto compounder that supports both LP and single asset staking. We also looked at dashboards to help you track your portfolio, monitor the latest pools and also obtain live price data feeds for those who love to trade. Lastly, we compiled a combination of both interesting and degen projects for you to look into such as TIME and Snowbank DAO with the crazy APYs.
- Explaining Cosmos DeFi Ecosystem For Crypto Natives
Today, we caught up with Tushar Aggarwal, the Podcast Host of Decrypt Asia and also the Founder & CEO of Persistence, an ecosystem of bleeding-edge financial applications with a focus on both institutional and crypto-native users.
We dove straight into how the Persistence One Chain is situating itself to go along with other Proof of Stake (PoS) blockchains, why Tushar is a believer of Fixed-Income related investments followed by an overview of some of the Cosmos Ecosystem dapps and how to navigate through them. With the explosion of different blockchains, the IBC protocol enables these ecosystems to communicate with one another. IBC is already here and the more you learn about it, the more you’ll be able to best position yourself to capture the value that will accrue towards these hubs.
- And here we have a very young Kucoin Chain and the first KuSwap DEX on it. Yields do not reflect auto compounding, so it is much higher in reality. But anything young and new is highly unpredictable; in My Humble Opinion