The DeFi analytics team has prepared a summary of the DeFi market, events, and important news that happened last week.
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
TVL: $5.68 B
-2.33% / 7 days
👾 DeFi News
- Top 6 Most Undervalued and SECURE DeFi Projects on Ethereum
- Justin Sun – CEO of TRON: Why DeFi & NFTs Are Changing The World Forever
- Bringing DeFi to NFTs | Metaverso Panel
On December 7, 2021, Metaverso was held in Puerto Rico as a 1-day conference filled with leaders in crypto culture. We held a panel with Sam Cassat of Aligned Capital, Ben Lakoff of Charged Particles, Andy8052 of Fractional, and Laura Jaramillo of Upshot.
In this special edition, we dive into what the conference experience really is. Spoiler: Crypto IRL is amazing. The panel explores the intersection of DeFi and NFTs—what happens when these worlds collide? There are only two types of assets—fungible and non-fungible—but we are seeing these concepts blur together in new and interesting ways.
From liquidity to communities, this conversation covers how the Metaverse is bringing DeFi to NFTs.
- Earn up to 12.5% APY on Tesseract Finance, a new yield aggregator protocol on Polygon!
Been searching for a Yearn-like dapp in the Polygon ecosystem? Well search no more, because now you have Tesseract Finance as an option!
Indeed, Tesseract is a multi-chain yield farming aggregator on the Polygon sidechain. Currently, the project offers depositors relatively safe vault strategies for WETH, WBTC, DAI, and USDC.
If you’re interested in trying the protocol out, just keep in mind that the USDC and DAI pools are the highest-yielding right now in offering 10.8% APY and 12.5% APY respectively.
As usual, make sure you have the Polygon network added to your wallet and some of the relevant funds on Polygon’s sidechain before trying to dive in.
Tesseract is a reputable project and the first member of Yearn’s YFI Combinator program. However, you should still approach the young project cautiously. Never yield farm with more money than you can afford to lose!
- Farm up to +190% APR in Premia’s Arbitrum yield pastures!
Premia is a decentralized options marketplace live on Ethereum and now Arbitrum.
We’ve covered the protocol in an Alpha Tractor and checked out its Ethereum yield farms for a previous Farm of the Week column. For this current FotW we’re turning our attention back to Premia, yet this time we’re spotlighting the project’s L2 liquidity pools, through which you can earn good yields with low fees!
Premia’s yield pastures on Arbitrum mirror its L1 pastures, with the key difference being that the protocol’s L2 transactions are very fast and very inexpensive gas-wise!
As such, LPs presently have 6 pools they can earn fees and PREMIA rewards through, namely 3 DAI put pools and 1 call pool each for WETH, WBTC, and LINK. If you have some of these assets on Arbitrum and want to join in, you can follow these steps:
Go to Premia’s Pools page, connect your wallet, and switch your wallet over to the Arbitrum network.
Pick your pool of choice; note that the most-performant pool right now is the WETH side of the WETH/DAI trading pair, which is currently yielding +11% APR in PREMIA and +182% APR via selling options.
Select your pool and press the “Approve” button; the ensuing transaction will let Premia accept your deposit.
Press the “Add” button, choose how much liquidity you want to provide, and complete the deposit transaction. After this is done you’ll be earning via options selling and PREMIA rewards.
Keep in mind that you can remove your liquidity through the same interface. You can also later opt to stake your PREMIA to earn through xPREMIA earnings, but note that the staking system is on Ethereum, not Arbitrum, for now.
Premia has been audited, but it’s also a young project. It’s best to treat it as a risky experiment when it comes to putting your crypto into it. Do your own research, and only ever farm with money that you can afford to lose.