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 significant drop last week as the total value locked (TVL) in DeFi projects fell from $237.34 billion to $194.17 billion.
Despite the DeFi market drop, Dune Analytics data shows that the number of decentralized finance (DeFi) users is rapidly growing and hit a new all-time high of 4,390,311.
DeFi Market Cap: $138,994,283,409
DeFi Pulse Index: $156.53
L2 Solution overview 
TVL: $5.32 billion
Solana-based DeFi protocol Hubble raised $10M and prepares for mainnet launch
OpenSea acquires DeFi protocol Dharma Labs for an undisclosed amount
Videos 
From Bitcoin to DeFi (in 12 Short Years)
Even if you’ve been living under a rock, you’re probably familiar with Bitcoin. Now, just as crypto disrupted the concept of value, decentralized finance is poised to disrupt finance itself. The populist movement promises huge returns for daring investors. But with DeFi’s promise of inclusion comes risk and uncertainty.
How to View & Download DeFi Transaction History (Taxes Fast & Easy!)
Earning 
Yield farming pools from Defiyield
- 0xDAO: OXD/USDC – 4,610% APY
- 2omb Finance: 2SHARES/wFTM – 2,895% APY
- veDAO: MIM/WEVE – 2,405% APY
- YuzuSwap: weUSDT/YUZU – 1,751% APY
- Beamswap: GLINT/GKMR – 1,606% APY
Additional useful content
- Institutional DeFi Milestones
- Fantom Ecosystem Overview
Meme of the 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.
