DeFi News Digest: 18 – 24 April

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 🤟

According to DeFiLlama, the total value locked (TVL) in DeFi projects: $209.99 billion

Dune Analytics data shows that the number of decentralized finance (DeFi) users is rapidly growing and hit a new all-time high of 4,652,894. 

DeFi Market Cap: $120,354,420,547

DeFi Pulse Index: $167.32

The DeFi Pulse Index is a capitalization-weighted index that tracks the performance of decentralized financial assets across the market. Underlying tokens: UniSwap, Loopring, Aave, Maker, Yearn, Compound, Sushi, Synthetix, REN, Rari Capital, Balancer, Badger, KNC, Farm, Instadapp, Vesper and meta.

L2 Solution overview 👌

The Total Value Locked in Ethereum Layer2 systems: $6.42  billion

DeFi News 👾

  • MakerDAO adds StarkNet Bridge in the first step toward multi-chain strategy

  • Framework Ventures announced $400M Web3 Fund

  • Stripe to let clients make payments in USDC stablecoin via Polygon

  • Beanstalk Farms lost $182M in DeFi governance exploit

  • Derivatives exchange dYdX plans to become 100% decentralized by EOY

  • KuCoin launches $100M Web3 Creators Fund

Videos 🖥

  • Beginners guide to crypto in 2022

If you’re keen about crypto and don’t know where to begin, this will be your comprehensive guide to get started.

Earning 💵

Top stablecoin pools from Defiyield

  • Symbiosis with 43.11% Annual Yield
  • MilkyDEX with 36.00% Annual Yield
  • DarkCrypto with 31.06% Annual Yield

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.

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