DeFi News Digest/ 3 – 9 January

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 saw a slight drop last week as the total value locked (TVL) in DeFi projects fell from $252.72 billion to $231.13 billion.

Data from Dune Analytics reveals that the number of decentralized finance (DeFi) users has hit a new all-time high of 4,329,744. 

DeFi Market Cap: $138,994,283,409

DeFi Pulse Index: $245.99

L2 Solution overview 👌

TVL: $5.50  billion

DeFi News 👾

  • Polkadot gets DeFi building Block as DEX Aggregator Dot Finance migrates From BSC

  • Aave unveils Mobile Wallet and Eyes V3 Deployment on StarkNet
  • Yearn Finance closed the Vote on its New Tokenomics, Rewarding YFI Stakers
  • Grayscale rebalances DeFi Fund adding AMP and removing BNT, UMA

  • Aave launches its Permissioned Pool Aave Arc, with 30 Institutions set to join
  • Wonderland made the First Seed Investment in BetSwap

  • ImmuneFi Report $10B in DeFi Hacks and Losses across 2021
  • Serum Community Foundation announces $100M Raise to support Ecosystem Development and Innovation

Videos 🖥

  • Top Defi Platforms for 2022

What are some of the top Defi projects for 2022? It can be easy to forget just how far the crypto space has come in the past 12 months. One of the biggest shifts we’ve seen is the incredible rise of DeFi, something that was only theoretically possible just a few years ago. Today, it’s worth a quarter of a trillion dollars – and it’s only just getting started.

  • WONDERLAND TIME or wMEMO which is the best and why?

Wonderland Money is entering into a new phase and is going to change new from $TIME to Wonderful Memories (wMEMO), find out all the implications that this change will bring.

  • Decentraland 101 – MANA Explained

Decentraland is the oldest and closest platform we have to a Metaverse. A community-run and owned virtual world, with a real cryptocurrency-based economy, built on the Ethereum blockchain.

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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