DeFi News Digest: 6 – 12 June

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: $83.39 billion

Despite the DeFi market drop, Dune Analytics data shows that the number of decentralized finance (DeFi) users continues growing and hit a new all-time high of 4,773,096. 

DeFi Pulse Index: $60.41

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 and Farm.

L2 Solution overview 👌

The Total Value Locked in Ethereum Layer2 systems: $4.46  billion

DeFi News 👾

  • NEAR Foundation and Brave announced partnership to integrate Aurora

  • Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused

  • Alchemix announced integration with LI.FI

  • Chainlink Keepers and Chainlink VRF is live on Avalanche

  • Solana commits $100M to support South Korean crypto projects

  • Ethereum’s Ropsten testnet Merge is complete

Earning 💵

Top stablecoin pools from Defiyield

  • Waves USDN/USDT with 36.23% APY

  • MMFinance USDC/MUSD with 24.00% APY

  • Stellaswap USDC/USDT/DAI/FRAX with 23.73% APY

  • Trader Joe USDT/USDTe with 22.32% APY

Additional useful content❤️

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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