DeFi Rate - This Week in DeFi - January 21
This Week in DeFi - January 21This week, 1inch comes to Avalance and Gnosis Chain, Aave Arc headed to L2, Stader Labs raises $12.5m for staking, and EIP-1559 for Polygon
To the DeFi community, This week, 1inch Exchange went live on Avalanche and Gnosis Chain (formerly xDai Chain) to expand DEX aggregation services to more corners of the DeFi ecosystem. At launch 1inch on Avalanche aggregates liquidity from more than a dozen exchange protocols, and 9 from the Gnosis Chain. .@1inch, one of the most popular and widely used DeFi aggregators, is now deployed on #Avalanche
The integration of their protocols offers users access to Avalanche-based liquidity sources and more options for cost-efficient transactions!
Aave Arc, the institutional-focused ‘walled garden’ providing KYC verified entities their own liquidity pool is headed to Ethereum scaling solutions Arbitrum and Optimism after a pair of proposals passed with overwhelming support. The additions will mark some of the first ‘institutional-grade’ DeFi services to be ported to L2 solutions, and should help dramatically reduce transaction costs. #DeFi lender @AaveAave will launch its ARC institutional platform on @optimismPBC and @arbitrum after receiving resounding support in a governance snapshot.
Read more from @samuel_haig👇
thedefiant.io/aave-arc-optim… Stader Labs, a staking service provider for the Terra ecosystem completed a strategic private sale for $12.5 million led by Three Arrows Capital. Fund will be used to add staking support for more blockchains including Solana, Ethereum, Polygon, Hedera, and Fantom. Congrats @staderlabs! https://t.co/FMXzkljgbi CoinDesk @CoinDesk Staking platform @staderlabs has closed a $12.5 million private sale led by Three Arrows Capital, valuing the Bangalore-based company at $450 million. @thesamreynolds reports. https://t.co/95TU0uj7oQAnd Polygon implemented a number of EIP-1559 upgrades to bring the protocol more in line with its Ethereum parent chain and bring fee burning into the protocol. As with Ethereum, Polygon transactions will now burn a portion of the transaction fee paid by users while delivering more predictable transaction pricing and will reduce the total MATIC supply over time. Folks, #EIP1559 is a few hours away from going live on the #Polygon mainnet.
The highly-anticipated upgrade brings $MATIC burn and improved fee visibility.
Find out more: Another big week for L2s and competing L1s, with more and more DeFi protocols continuing to expand their reach to every corner of the DeFi ecosystem. In case there were any lingering doubts, the addition of Aave Arc to multiple Etheruem scaling solutions is proof that - at least at the community level - users see it as essential to success to move important services off of the native Ethereum chain. And while some L2s have attracted more TVL or developer interest than others, the field is still very much open for existing players or new entrants to pull ahead of the pack. L2 providers (and many L1s) have paid sizable bug bounties to those identifying production issues that put billions at risk, and cross-chain bridges have been identified as risky points of potential failure. DeFi is getting more mature, but there are clearly still technical and market-based inefficiencies to work through before being truly ready for prime time. As builders continue to branch out into different development environments, it’s also becoming increasingly likely that crypto will have a highly fractured liquidity environment, with cross chain liquidity aggregators likely playing an increasingly important role. In the end, the protocols that see adoption and actual use by large scale institutional and corporate players may have a serious leg up in reaching critical mass and pulling ahead of the competition. Those decisions may not have been made just yet, but the conversations are certainly ongoing. Thanks to our partner: 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: Aave at 3.9% APY, Compound at 4.5% 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 8.5% APY, Nexo Lend at 8.00% APY Cheapest Loans: dYdX at 0.01% APY, Aave at 3.81% APY Top StoriesFormation of the Luna Foundation Guard (LFG)OpenSea Acquires Dharma Labs, Welcomes New CTOSolana-Based DeFi Project Hubble Protocol Raises $10MCosmos Connects to Ethereum Via the Osmosis DEXStat BoxTotal Value Locked: $92.36B (down -3.79% since last week) DeFi Market Cap: $125.2B (down -14.2%) DEX Weekly Volume: $19.82B (down -3.74%) Total DeFi Users: 4,377,600 (up 0.70%) Bonus Reads[Brady Dale – The Defiant] – DEXs Sliding into Price War as Uniswap and dYdX Slash Trading Fees [Jack Melnick – The TIE] – A Call to Farms: Dopex, Jones Dao, and the Future of DeFi Options Anthony Sassano – The Daily Gwei] – To Bridge or Not to Bridge - The Daily Gwei #418 [Shaun Martinak & Sebastian Bea – Bankless] – What's taking so long? [Brooks Butler – Crypto Briefing] – a16z Seeks Record-Breaking $4.5B for Crypto Funds If you liked this post from This Week in DeFi , why not share it? |
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This Week in DeFi - January 14
Friday, January 14, 2022
This week, NEAR raises $150m, Polygon Zero debuts Plonky ZK advancement, 0x API on Optimism, and DeFi Alliance is now Alliance DAO
This Week in DeFi - January 7
Friday, January 7, 2022
This week, Aave Arc is live, Serum's IEF raises $100 million, Yearn Finance governance lockups and rewards, and Goldfinch raises $25 million
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This week, Centrifuge and Aave bring real world assets to DeFi, DeBank raises $25 million, and SOS and GAS airdrops for (almost) all
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This week, Rari and Fei merge, the Eth Kintsugi testnet is live, Transak on-ramps for Arbitrum and Optimism, and new security for Compound
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This week, Balancer taps Aave to boost yields, Optimism opens to all devs, Perp Protocol brings LP rewards, and DeFi access via Coinbase
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