DeFi News Digest: 21 – 27 March

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 continues recovering as the total value locked (TVL) in DeFi projects increased from $215.67 billion to $227.31 billion.

Dune Analytics data shows that the number of decentralized finance (DeFi) users continues rapidly growing and hit a new all-time high of 4,554,233. 

DeFi Market Cap: $138,239,056,525

DeFi Pulse Index: $203.34

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: $6.23  billion

DeFi News 👾

  • MakerDAO considers proposal to add bank loans as collateral

  • SushiSwap plans to implement Swiss legal structure

  • Cross-chain protocol Stargate Finance attracted $1.9B TVL in 6 days

  • Coinbase Clouds rolls out new developer suite for Avalanche

Videos 🖥

  • Aave V3 launched: Higher Borrowing Power, Cross Chain Txns, & Improved Risk Management

The Aave Protocol is a decentralized non-custodial liquidity protocol where users can participate as suppliers, borrowers, or liquidators. V3 of the Aave Protocol augments the core concepts of Aave Protocol (aTokens, instant liquidity, stable rate borrowing, credit delegation, etc.) with new features in the following area.


  • Top Defi Strategies In April! Monthly Guide For High APY’s On Terra Luna, Fantom, AVAX & More!


Earning 💵

Top stablecoin pools from Defiyield

  • Starlay with 146.22% Annual Yield

  • GemKeeper with 66.19% Annual Yield

  • DarkCrypto with 60.60% 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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