🔥🔥🔥DeFi News / 29 November- 05 December

Blog — Analysis — 🔥🔥🔥DeFi News / 29 November- 05 December

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): $245.55b

DeFi users over time – 4,112,763 – total_users

DeFi Market Cap: $133,397,519,845

DeFi Pulse Index: $242.55

👌 L2 Solution overview

TVL: $5.81 B
-13.45% / 7 days

👾 DeFi News

Nick Johnson of ENS: “We Want to be the Naming System for Every Digital Resource in the World”.
On First Anniversary Ethereum 2.0 Beacon Chain Solidifies Proof-of-Stake Shift.

Crypto group Galaxy Digital seeks to raise $500m in debt market.
Push to Launch Layer 2 Liquidity Mining on Uniswap Gains Steam.

Yellen Waives Non-Custodial Crypto Protocols From New Reporting Standards.
Unifying Cross-Chain Liquidity with Connext.

Decentralized exchanges near $100 billion in monthly volume for November.
A New “Dawn” Coming for DeFi as Bancor 3 Features Is Unveiled.

Someone stole $120 million in crypto by hacking a DeFi website.
IDEX to launch hybrid liquidity decentralized exchange on Polygon.

Maven 11 Capital closes second crypto investment fund at $120 million.
0x expands partnership with Celo to distribute $4.5M to DAO ecosystem.

NEAR Partners With Wharton School’s Cypher Accelerator for Blockchain Growth.
NEAR Foundation and WOO Network Complete $5 Million Token Swap To Create a Strategic Partnership Between Ecosystems.

DIA Partnership with Aurora.

🖥 Videos

Polygon Super Scaling Ethereum | Sandeep Nailwal & Mihailo Bjelic (DraftKings)
Polygon is the Swiss Army Knife of Scaling. With a suite of scaling products, Polygon is pushing in many directions to scale out the Ethereum ecosystem.
On the heels of the ‘Abandoning Ethereum’ twitter drama, Sandeep and Mihailo from Polygon come on the podcast to discuss how Ethereum is, in fact, not abandoning its users.
A ton has happened in the world of Polygon in the six months since they were last on the show, including a partnership with DraftKings and massive leaps into the Metaverse.

Tim Beiko | Layer Zero
Tim Beiko runs the core protocol meetings for Ethereum. His path into crypto began in 2017, buying the top. But he stayed in the space, initially working for Consensys and their Besu Ethereum Client before trailblazing with EIP-1559’s implementation.
This conversation covers his story into working with Ethereum core developers, the role and landscape of Ethereum clients, and coordinating the maintenance and upgrades to the Ethereum protocol.
With the merge on the horizon and barbarians at the gates, humans like Tim Beiko work to keep Ethereum as credibly neutral, efficient, and open as possible. Can Vitalik impose his will on Ethereum? Is it centralized? This episode has the answers.

💵 Earning

Yeld review | FARM THEM ALL (from Moni)
- Welcome to the planet of stablecoins! You only need one to make cosmic profits!

- СеToday is Defi 2.0 day, so have an Olympus in Tokemak sauce.

Farm up to +100% APR via Tracer Pool Token staking!
Tracer is a derivatives protocol on Arbitrum that facilitates creating and trading leveraged tokens.
At the heart of the protocol are its “Factories.” These specialized DeFi mechanisms are financial contract generators that store templates. These templates can then be deployed as “Tracers,” i.e. market instances.
Notably, the project’s first Factory is its Perpetual Pools architecture. The system lets users easily create x3 long or x3 short tokens, and more leverage options coming in the future.

Right now, the Tracer project is running a liquidity mining campaign for its TCR token.
To join this program and start farming TCR, you have to mint leveraged tokens from the Perpetual Pools system and then stake these tokens through Tracer.
Some of these staking opportunities are yielding over 120% APR at the moment, so if you’re interested in these DeFi pastures you can follow these steps to join:
- Go to the Perpetual Pools page.
- Connect your wallet and make sure you’re on Arbitrum.
- Pick your market and choose long/short + your desired leverage level.
- Choose the amount of USDC you want to deposit (1k USDC min. for mints/burns).
- Click “Unlock” to approve Tracer and then complete the mint transaction.
- Navigate to the Staking page and select your market.
- Finish up by inputting how many tokens you want to stake (Press “Max” to choose all of them) and complete the deposit transaction.
- At that point you’d be farming TCR! You could then unwind your position through these same interfaces whenever you please.
Tracer has been audited, but it’s also a young project on the Arbitrum L2. Treat it as a risky experiment when it comes to putting your crypto into it, and never yield farm with money that you can’t afford to lose.

Farm Balancer’s Polygon pastures for +70% APR!
Balancer is one of the most flexible DEXes in DeFi, but equally as interesting right now are the exchange’s juicy yields on Polygon
For instance, the project’s WMATIC-WETH-BAL-USDC pool on Polygon (as depicted above) is yielding LPs over 71.5% APR currently. Not bad!
That’s not all, though. Some other pools also worth watching at the moment include:
- USDC-WETH 50/50 (36% APR)
- WBTC-WETH-USDC (29% APR)
- WETH-BAL-AAVE-LINK-USDC (38% APR)
Just make sure you’ve got your wallet set up with the Polygon network and some liquidity ready before attempting to proceed!
Balancer is a proven project that’s been audited and battle-tested. However, always yield farm responsibly and never deposit more money than you can afford to lose!