DeFi News Digest: 28 February – 6 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 🤟

According to DeFiLlama, the total value locked (TVL) in DeFi projects: $192.84 billion.

DeFi Market Cap: $108,717,977,645

DeFi Pulse Index: $145.81

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: $5.42  billion

DeFi News 👾

  • KyberSwap DEX launches on layer-2 network Arbitrum

  • 1inch DEX adds a P2P functionality to facilitate secure crypto swaps

  • Wirex integrates with Avalanche blockchain offering services across its 4.5M user base

  • Terra flips Ethereum, becoming second-largest network for the staked value

  • KyberSwap expands to Layer-2 scaling solution, Arbitrum

  • Osmosis launches Staking service to bolster shared Security in Cosmos Ecosystem

Videos 🖥

  • Olympus DAO: MINDBLOWING DeFi Project!

Olympus is a “non pegged stablecoin” that attempts to be less volatile than traditional cryptocurrencies while not being pegged to any fiat currencies. Instead, the value of its OHM token is meant to float based on the value of its underlying treasury of assets and parameters set by the DAO.

  • BEST Fantom Defi Farms For March With Crazy High Yields!

Additional useful content❤️

  • Solidly: an updated iteration on AMM functionality and mechanism design

  • Solving the Blockchain Trilemma: on scaling challenges and their solutions

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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