šŸ”„šŸ”„šŸ”„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.Ā 

More smart DeFi ideas and memes (of course) – DiscordĀ channelĀ andĀ 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

  • DeFi users over time – 4,006,083 – total_users
  • DeFi Pulse Index: $336.47

šŸ‘Œ L2 Solution overview

TVL: $5.64ā€ŠB
+7.40% / 7 days

šŸ‘¾ DeFi News

  • Pendle Launches Yield Token Trading on Avalanche.
  • ParaSwap Airdrops PSP Governance Token to ā€˜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.

šŸ–„ 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.

šŸ’µ Earning

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

    • Next, head over to DODO’sĀ THALES-WETH poolĀ and connect your wallet. To do this first agree to Thales’s terms, choose the Ethereum network, and then select your wallet provider.Ā 

    • 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.Ā 

    • With that you’ll receive DODO liquidity provider (DLP) tokens. Navigate to theĀ DODO Earn mining dashboardĀ and scroll down and click on the Thales pool option.Ā 

    • 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 ā€œStake.ā€ 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.Ā 

    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!

ā¤ļø Additional useful content

  • TOP-15 Metaverse Coins by Market Capitalization.
  • TOP-15 Projects between $5M and $10M Market Cap with the potential to grow!

šŸ‘Meme of the week

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