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 News
- ROLLUP: Coinbase NFTs | Bitcoin ETF | DeFi 2.0 | Andrew Yang | Joe Biden.
- Mapping the Future of DeFi, FULL EPISODE with Sean Lippel.
A contrarian thinker in the DeFi space, Sean Lippel, partner and head of digital assets at FinTech Collective, joins Jim Bianco, president of Bianco Research LLC, to bring us through the many facets of DeFi with a new perspective. Lippel, a true expert in the field, makes a case for a possible solution to crypto’s propensity to volatility, one of the primary criticisms to its feasibility as a standalone currency. Lippel suggests that continued integration of DeFi with real world assets—whether that’s real estate, commodities, business loans, etc.—will gradually reduce the volatility due to the robustness of real world demand. In addition, Lippel shares intriguing insights on central bank digital currencies, stablecoins, and regulation that break the mold of typical commentators in the space.
- Algorand: FULL Defi Guide! Yield Farming + NFTs!!
- Yeld review | FARM THEM ALL (from Moni)
- Have a look at the post from Chris.
Uniswap v3 hits 3b TVLCould you imagine what happens when your positions can be used as collateral? 🤯
Then borrow $MIM,
Buy $OHM, $TIME and stake for 7,809% and 51,582.4%🤯🤯
Your collateral earns fees that are able to secure your borrow position🤯🤯🤯
In that future, I wanna be!
DeFi Pulse Power Tool: Pickle Jars on Arbitrum
Pickle Finance is a yield aggregator whose Pickle Jars compound depositors’ returns via cross-protocol yield strategies. The idea is to automatically and passively reap interest from top DeFi opportunities. Head over to the Pickle Jars to start yield farming on an L2 today!
Farm +120% APR with Reflexer’s Rai/Dai Uniswap V3 pool!
That’s because Rai isn’t pegged to an external currency like the USD, which can inflate and deflate. Instead the Rai is stable unto itself, relying on just ETH collateral and on its own internal algorithm to maintain price stability instead of an external price peg.
So Rai is very decentralized and very stable. For Reflexer, the name of the game now is evolving the Rai into a bona fide world currency, and to do that they’ve got to ensure the token gets into as many peoples’ hands as possible.
Accordingly, Reflexer’s currently incentivizing the Uniswap V3 RAI/DAI liquidity pool with FLX, the project’s “ungovernance token,” to get more people to use Rai early on.
Note, this opportunity is comparatively riskier than most of our previous conservative farms because you have to mint Rai and then LP with it on Uniswap V3 to qualify for the +120% APR in FLX rewards right now. This minting puts you at risk of liquidation if the market goes south! With that warning in mind, here’s a full guide on joining this pool.
Reflexer’s smart contracts have been audited, but you can never be too safe in DeFi. Make sure you do your own research, and only farm with money you can afford to lose.
🐣 #twitter gems seeking (a new topic from Chris — finding alpha in DeFi)
❤️ Additional useful content
👍Meme of the week
That’s it for this week. Thank you for your time. Stay tuned!