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 started recovering as the total value locked (TVL) in DeFi projects increased from $187.77 billion to $220.53 billion. But it’s still $50 billion away from its ATH.
Dune Analytics data shows that the number of decentralized finance (DeFi) users is rapidly growing and hit a new all-time high of 4,345,311.
DeFi Market Cap: $117,817,998,199
DeFi Pulse Index: $202.79
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 
TVL: $6.11 billion
First cross-chain governance proposal passes on Aave
1inch network introduced Earn, a new liquidity pool optimized for Stablecoins
Earning 
Yield farming pools from Defiyield
- ProtoFi: MAI/DAI – 72.15% APY
- Hubble Protocol: USDH- 53.05% APY
- Moremoney: MONEY/DAI.e/USDC.e/USDT.e – 47.60% APY
- Creditum: cUSD/agEUR – 21.73% APY
- Quarry: USDH/CASH – 41.20% APY
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.
