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) ā 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.
š¤ DeFi Overview
- Total Value Locked (USD): $193.86b
- DeFi users over time – 3,460,164 – total_users
- DeFi Market Cap: $128,717,777,055
- DeFi Pulse Index: $334.01
š¾ DeFi News
- Compound Finance Pays Out Millions in Excess COMP After Buggy Update.
- There are now 3 DeFi protocols generating over $100 million in annualized revenue. In the past month DYDX revenue has rocketed to just under $500 million annualized. Across the board incredible traction.
- SocGen Wants To Borrow 20M Dai on MakerDAO Using Tokenized Bonds as Collateral.
- Angle Labs Raises $5M To Build Derivatives-Backed Stablecoins For A More Inclusive DeFi.
- R3 is working on a DeFi network with its own token.
- Kokoa Finance Raises $2.3M Seed Round Led by Hashed to Build Klaytn DeFi.
- Robinhood Crypto COO, CTO Hint That DeFi Features Are Coming.
- Clearpool Raises $3M to Build Decentralized Capital Markets on Ethereum.
- HAPI Protocol To Help Expand The NEAR Ecosystem
- Compound Founder Says $80M Bug Presents āMoral Dilemmaā for DeFi Users.
- How Decentralized Identity Can Take Crypto to the Next Level?
š„ Videos
- Wiretap Wednesday: Zk Scaling w Hermez Network
Andy and Rob interview Jordi Baylina, the technical lead for Hermez, a decentralized zkRollup focused on scaling payments and token transfers on top of Ethereum. We get to hear Jordiās thoughts on the merger between Polygon (formerly Matic) and Hermez, the current developments on zk-SNARKs and itās broader implications to the DeFi ecosystem as well as how Hermez network has been developing the tooling to create an EVM compatible ZK-Rollup for scaling dapps.
- “ETH and Most DeFi is Trading Cheaper Than Web2 and With Better Growth:ā VanEck’s Matthew Sigel. Decentralized finance has captured only 5% of the crypto space, according to CoinGecko, but it has seen massive growth recently. There was $93 billion worth of DeFi assets in the crypto market as of June 2021, up from $4 billion just three years ago. To be sure, DeFiās growth has slowed since the summer of 2020, and regulatory scrutiny from Capitol Hill has spiked over fears of cryptoās checkered past.
- Avalanche: ESSENTIAL DeFi Guide!! RUSH Rewards!!
šµ Earning
- Have a look at the latest post from Chris! New DeFi farming pools: Avalanche
1 – Beefy.finance
Using farming aggregator as Beefy you can forget of rebalancing your rewards at all. Beefy works as a vault that get the rewards from your liquidity and swap them to your LP tokens. There are a lot of farming opportunities:
– USDC-AVAX – 151.79% APY
– USDT-AVAX – 161.73% APY
– WETH-AVAX – 87.63% APY
– USDC-USDT – 22.29% APY
– BNB-AVAX – 150.56% APY
In order to provide the liquidity for these pairs you have to use the following projects:
– Trader joe
– Pangolin
– Olive.cash
– Lydia.finance
2 – Autofarm
It works in the same way as Beefy. Check the pools:
– QI – 123% (Benqi) APY
– WAVES-USDT.e – up to 158.52% APY
– WAVEX-WBTC.e – up to 55.01% APY
3 – Iron.finance
– IS3USD (USDT+USDC+DAI) – 26% APY
– IronICE-AVAX – 1442% APY
4 – Vee
– VEE-AVAX – 587% APY (9k liquidity only
– VEE-USDT.e – 393.41% (14k liquidity only)
Be cautious, having such a large APY depends on the amount of liquidity in each pair. That’s one of the big risks you have to focus on. Check our complete guide to DeFi Risks
Yep, it’s not like BSC with a ton of farming projects but the Avalanche ecosystem has a big potential to disrupt the market.
- Yeld review | FARM THEM ALL (from Moni)
- Medium Risk
There are two good assets here too, but on Avalanche. Get the risk/reward ratio right and make good monies.
- Medium Risk
High Risk
This toy is on Arbitrum, son. Figure out first what this new blockchain is all about, and you can dabble for a penny, I’ll allow it (but only for a penny).
Anyway, city citizens from Moni Talks made a guide on Arbitrum. Check it!
- Sunday’s yield farming pools from Defiyield
CafeSwap / pBREW – WMATIC – 1900% APR
Mars Ecosystem / XMS – PBN – 1100% APR
Planet Finance / AQUA – BNB – 4700% APR
AlitaSwap / ALI – ETH – 1100% APR
SolFarm / ORCA – USDC – 800% APR
ā¤ļø Additional useful content
- How the Lyra mechanism works? A Guide to Options on Lyra.
- What the 100 biggest companies say about crypto?
- TOP 15 Blockchain Infrastructure Projects by price performance in 2021
šMeme of a week
Thatās it for this week. Thank you for your time. Stay tuned!
