🔥🔥🔥DeFi News / 15 - 21 November

Blog — Analysis — 🔥🔥🔥DeFi News / 15 – 21 November

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

Total Value Locked (USD): $257.38b (that’s a new height, again!)

DeFi users over time – 4,006,083 – total_users

DeFi Market Cap: $150,501,081,053

DeFi Pulse Index: $336.47

👌 L2 Solution overview

TVL: $5.64 B
+7.40% / 7 days

👾 DeFi News

Pendle Launches Yield Token Trading on Avalanche.
ParaSwap Airdrops PSP Governance Token to ‘Active Users’.

DAO Forms to Buy Original Print of the US Constitution for $20 Million.
CREAM Team Gives Up Future Payouts Following Hack, But Will They Stay?

Web3 social infrastructure startup CyberConnect raises $10 million in seed funding.
Sablier Finance Deploys Payroll Streaming to Polygon and BSC.

Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move.
Coinbase is looking at support for third-party DeFi apps on its platform, says CFO.

Binance Completes Arbitrum One Integration and Opens Layer 2 ETH Deposits.
Ethereum Layer 2 developer StarkWare raises $50 million, now valued at $2 billion.

Polygon Uses Zero-Knowledge Proofs in New Ethereum Virtual Machine Rollup.
Smart Contract Platform NEAR Gains Momentum with Plan to Distribute 40M Tokens.

Maple Finance Launches First DeFi Syndicated Loan for Alameda Research.
Introducing Aave Arc.

🖥 Videos

VyFinance DeFi Ecosystem on Cardano
In this call I got to talk to Steven Ward the Vyfi CEO all about what VyFinance are building on Cardano. They are building a full DeFi ecosystem with everything from a DEX and yield aggregators to a full auto trading system using Neural nets. They have a huge goal and seem to be well on track so far.

Lock in 11.8% Interest with Notional Finance.
Lending & Borrowing has always been at the core of Decentralized Finance. Together with the inception of fixed-rate products into the market, this has helped push forward the DeFi landscape.
Today, we caught up with Teddy Woodward, the Co-Founder of Notional Finance, a protocol that facilitates fixed-rate, fixed-term crypto asset lending & borrowing. We got a glimpse at how the Notional platform works, the various lending options that users can opt for, and of course the mechanisms for the $NOTE liquidity mining program which launched recently.

💵 Earning

Sunday’s yield farming pools from Defiyield
Blizz Finance / BLIZZ-AVAX – 2600% APR
VVS Finance / VVS-USDC – 1700% APR
Trisolaris / TRI-WNEAR – 1200% APR
CronaSwap / CRONA-CRO – 800% APR
Crodex / CRO-CRX – 1100% APR

Yeld review | FARM THEM ALL (from Moni)
- An exciting single-asset lood car format from solo.top. The percentage is very good for a single asset. DYOR.

- Figure out what the future yield is first, then drop in here. But if you do, no hard feelings.

- Everyone’s whistling about parachains, and this is where you can get a feel for the Moonriver farming. I have a feeling this interest won’t last very long. Watch out, san.

Farm +227% with the Thales pool on DODO!
Thales is a permissionless binary options protocol built on Ethereum.
This incentivization program will be active for the next few months and is currently offering +185% APR via THALES token rewards and 42% APR via DODO token rewards.
To join these yield pastures, you would first need to supply liquidity to the incentivized THALES-WETH pool and then stake your ensuing LP tokens through the DODO Earn dashboard. Here’s what that process would look like:
- To start, make sure you have some THALES and WETH for supplying.
- Next, head over to DODO’s THALES-WETH pool and connect your wallet. To do this first agree to Thales’s terms, choose the Ethereum network, and then select your wallet provider.
- Now input the amount of tokens you want to supply. Complete the approval transaction(s) as needed, and then follow-up with the final deposit transaction.
- With that you’ll receive DODO liquidity provider (DLP) tokens. Navigate to the DODO Earn mining dashboard and scroll down and click on the Thales pool option.
- If this is your first time staking on DODO, you’ll need to fire off another approval transaction. Then input the amount of DLP you want to stake and press “Stake.” After completing the staking transaction, you’ll be earning THALES and DODO rewards!
- Note: you can unwind your staking and LP positions through DODO Earn whenever you want.
This yield farming opportunity poses non-trivial risks with regard to impermanent loss (IL). Be cautious if you attempt to try it, and never deposit more money into a DeFi protocol than you can afford to lose!