DeFi News Digest: 10 – 16 January - Midas.Investments. Crypto investment company blog.

The Midas 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 and Telegram channel. Stay tuned!

DeFi Overview

The decentralized finance market saw a small recovery last week as the total value locked (TVL) in DeFi projects increased from $231.13 billion to $237.34 billion.

Data from Dune Analytics reveals that the number of decentralized finance (DeFi) users continues growing and hit a new all-time high of 4,358,959.

DeFi Market Cap: $143,965,536,068

DeFi Pulse Index: $251.74

L2 Solution overview

TVL: $6.80 billion

DeFi News

OpenDAO is building an NFT prediction market and bespoke blockchain
dYdX announced the plans to fully decentralize in 2022

DeFi Alliance becomes ‘Alliance DAO’ after $50M raise from 300 Web3 leaders
Near Protocol raises $150M from major investors to promote Web3 adoption

Citadel Securities takes in $1.15B investment from Sequoia and Paradigm
0x API launches on Optimism to onboard a new wave of users to crypto

First DEX on Oasis Network hits $100M TVL in 24 hours
LooksRare launches NFT marketplace with token Airdrop for OpenSea users

Videos

Web 3: The Future or All HYPE? What You Need To Know!

Avalanche Crypto Defi Tutorial: Earn Big Yields on Trader Joe

Fantom Crash Course | Intro To DeFi on Fantom. Setting Up a Wallet, Buying FTM, and More!

Earning

Yield farming pools from Defiyield

Solarflare: veFLARE/veSOLAR – 2,251% APR
Unite Finance: UNITE/WONE – 1,458% APR
DibsMoney: DIBS/WBNB – 1,362% APR
DuneSwap: DUNE/WROSE – 1,362% APR
BooFinance: BOOFI/WAVAX – 844% APR

Yield review | from Moni

An introduction to the Cronos blockchain can be started by throwing your stables on yAxis.

Single-asset mining is safer but less profitable. However, there are more and more attractive strategies every time on Solo.top.

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. Always DYOR.