DeFi Rate - This Week in DeFi - December 17
This Week in DeFi - December 17This week, Balancer taps Aave to boost yields, Optimism opens to all devs, Perp Protocol brings LP rewards, and DeFi access via Coinbase
To the DeFi community, This week, Balancer announced a new integration with Aave, allowing unused liquidity from trading pools to be locked in Aave to earn additional Yield. Boosted pools will increase capital efficiency, and connections to other lending protocols will be rolled out over time to LPs additional options. Aave Boosted Pools deposits @BalancerLabs liquidity into @AaveAave Protocol to capture higher yield and making more capital efficient DeFi, congrats @fcmartinelli and the team 👻 Balancer Labs @BalancerLabs The moment we’ve all been waiting for... 📢 Increased yields, greater capital efficiency, deeper liquidity. Aave Boosted Pools are here 🚀 @AaveAave https://t.co/o6PbGsp7ajOptimism, the Ethereum L2 scaling solution first employed by Uniswap has deprecated their developer whitelist, allowing a wide swathe of new talent to start experimenting with and deploying contracts on Optimism. While still controlled by a group of developers, Optimism has plans to become fully decentralized in the future. Today is the day. 🍾
The whitelist is officially gone and anyone can deploy to Optimism!
optimismpbc.medium.com/8b0f32afd466 Perpetual Protocol announced new liquidity mining rewards for LPs on Perp v2 on Optimism. The program is retroactive to all LPs who have provided liquidity since the launch of Perp v2 with total weekly rewards starting at 10,000 PERP. And Coinbase announced new ways to access DeFi for retail users - outside of the US. Coinbase will allow users in more than 70 countries to opt-in to the program, where DAI held on Coinbase is routed to the Compound protocol to earn variable interest. Coinbase will also cover transaction fees for users, leading to potentially substantial savings for market participants below whale size. Starting today, @coinbase is allowing customers to earn interest on $DAI - powered by the Compound protocol 📈
This is an important milestone for the industry, demonstrating what major on-ramps to DeFi will look like.
blog.coinbase.com/coinbase-makes… Although we focus on the positives and the builders here, DeFi can and has been a messy space since coming into the spotlight just a bit less than two years ago. It’s an industry that requires constant new learning, challenging of preconceptions and open-mindedness about what the future might hold. It has also brought the opportunities and challenges of a world with crypto into focus for policymakers and financial professionals in a way nothing else could. Some notable US policymakers have become increasingly vocal in opposition to seemingly the very idea of DeFi, and the BIS recently released a scathing take that questions many of the fundamental tenets of the nascent industry. But unlike much of what we see being developed in DeFi, this is not a new phenomenon. In the early days of the internet, policymakers were similarly suspicious, often pushing for levels of control well beyond reason simply for lack of understanding of an emergent technology - there was a time when license requirements for publishing a website were real considerations. So as we move through another holiday season, it’s worth keeping in mind that if you’re here now, you are still incredibly early, wrapping your head around developments and concepts that would have been unimaginable just five years ago. Family and friends, just like policymakers, need sober discussions about the importance and development of truly decentralized entities and frictionless transfer of value on the internet more than they need to know how much your portfolio is up (or down) or the size of the latest rug. Education is key, and it’s clear we have a long way to go before DeFi can truly deliver on the global promises of better money and finance we’ve been making since the beginning. Let’s do our part to onboard the next wave of users, and help them understand the issues their representatives will be making decisions on sooner than later. Thanks to our partner: Nexo – Nexo – Unlock the power of your crypto with up to 17% interest and borrowing starting at 6.9%. Read our Nexo review. Interest RatesDAIHighest Yields: BlockFi at 8.50% APY, Nexo Lend at 8.00% APY Cheapest Loans: dYdX at 0.26% APY, Aave at 3.89% APY MakerDAO Updates DAI Savings Rate: 0.00% Base Fee: 0.00% ETH Stability Fee: 2.00% USDC Stability Fee: 0.00% WBTC Stability Fee: 2.00% USDCHighest Yields: Celsius at 10.02% APY, Fulcrum at 8.02% APY Cheapest Loans: dYdX at 0.76% APY, Aave at 3.80% APY Top StoriesEthereum Scaling Solution Aztec Raises $17MThe Graph Foundation Awards $48M Grant to The Guild to Join The Graph as a Core DeveloperCircle Launches USDC on Avalanche to Accelerate DeFi AdoptionHubble Protocol Raises $3.6M to Boost DeFi on SolanaStat BoxTotal Value Locked: $94.71B (down -5.24% since last week) DeFi Market Cap: $133.67B (down -2.45%) DEX Weekly Volume: $24.43B (down -31.4%) DAI Supply: 8.87B (down -0.45%) Total DeFi Users: 4,182,200 (up 1.07%) Bonus Reads[Hisham Kahn – The Defiant] – DeFi Needs to Simplify Design to be Truly Accessible to the Masses [Chris Powers – Dose of DeFi] – The Five Memes that Defined DeFi in 2021 [Kevin Owocki – Bankless] – The Internet of Jobs is coming [Anthony Sassano – The Daily Gwei] – Distributing Web3 - The Daily Gwei #401 [Fabian Klauder – DeFi Times] – Will Ethereum Be Flipped in 2022? If you liked this post from This Week in DeFi , why not share it? |
Older messages
This Week in DeFi - December 10
Friday, December 10, 2021
This week, 0x protocol and Celo allocate $4.5m, Pods Finance comes to Arbitrum, Woo Network launches on Avalanche, and DPI comes to Polygon
This Week in DeFi - December 3
Friday, December 3, 2021
This week, 1inch raises $175 million, DeversiFi is the latest airdrop, Bancor announces V3, and IDEX rewards on Polygon
This Week in DeFi - November 26
Friday, November 26, 2021
This week, Elrond $1.29 billion LP incentives, Nansen adds Arbitrum dashboards, 0xMaki to advise Tokemak, and Botto integrates Olympus Pro
This Week in DeFi - November 19
Friday, November 19, 2021
This week, Paraswap airdrops PSP tokens, Injective starts $120m in LP rewards, Pendle LP rewards on Avalanche, and $1.5m for synths on Solana
This Week in DeFi - November 12
Friday, November 12, 2021
This week, Raydium and Serum announce LP rewards, Wormhole support for Polygon, Polkadot's Acala raises $400m, and Maple permissioned DeFi
You Might Also Like
Your bi-weekly crypto insights 📊
Thursday, April 25, 2024
Top data-driven insights from across the crypto space, to keep you ahead of trends. This week's top insight: Sei TVL per active address grew 10x since Flipside Crypto Onchain Insider Your bi-weekly
BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows
Thursday, April 25, 2024
Fidelity and Ark only ETFs to record inflows as Bitcoin ETFs begin to cool off. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Your Last Chance to Make BANK on Crypto
Thursday, April 25, 2024
Open This or Miss Out
Inside Parcl: Trade Real Estate Like Never Before?
Thursday, April 25, 2024
Parcl, a pioneering Solana-based platform, aims to revolutionize the real estate market by introducing liquidity to this traditionally illiquid asset class. It created a comprehensive real estate index
Reminder: The 2024 Bitcoin Halving Has Successfully Been Completed
Thursday, April 25, 2024
We bring you the top stories in crypto every week! Stories like... Monday April 22, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR The 2024 Bitcoin Halving Has Successfully Been Completed
April 30 set for historic launch of Bitcoin and Ethereum ETFs in Hong Kong
Wednesday, April 24, 2024
Competitive fee structures revealed for new Bitcoin and Ethereum ETFs in Hong Kong. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
OKX Web3 On-Chain Anti-Phishing Security Trading Guide
Wednesday, April 24, 2024
Aurthor: OKX Web3 As we enter a new cycle, the risks of on-chain interactions are becoming increasingly exposed with the rise in user activity. Phishers typically use methods such as creating
You’re Not Going to Believe This
Tuesday, April 23, 2024
Massive Surprise Inside