#001

πŸ‘©β€πŸŒΎ Yield Duck: Meet the Ranch and DeFi Market. Edition #1

14 July | by

Hey #Moni Maker 🚜

Quack! I've been farming around all goddamn day again! Oh, I'm sorry. Let me introduce myself first. My name is Farm Milka. I live on Yield Duck, a ranch near Gem City. I like to farm and analyze the DeFi market with a glass of tea in the evenings.

Here I recently introduced Moni Talks to Delta Theta. I offered them to do analytical digests together. These urbanites, as usual, at first glued to their iPhones but then agreed.

Get to the point, leather bastard. Let's go!


1

Parsing the market like Lego

Overall Legacy of the Week

For almost the entire week, DeFi's overall market capitalization held steady. Well, just above the $50B mark. Total locked-in funds have been dangling around $110B. In case you haven't caught up, the market is now in "standby mode." That is, I don't see any recovery of the May hikes yet. The "sideways" bitcoin is probably to blame.

What else is out there? The total locked-in value (TVL) in the two largest DeFi ecosystems Ethereum and BSC didn't want to grow either. After all, they are the ones that make up the bulk of the market.


There are two chairs: BSC and ETH

Let's look at the projects in these networks.

Ethereum

– The InstaDapp protocol stands out in ETH. It showed weekly growth of 11.34% and came in first place by TVL.

– But Uniswap and MakerDao showed falls of 14.51% and 14.29% respectively.

BSC

– BSC's Rabbit Finance and BiSwap were among the few that were up this week. 13.5% and 8.45%, respectively. Venus, one of TVL's top 3 projects, was down 9 percent, and Wault was down almost 50 percent. Just like you when you're drunk.

Ecosystems, whatzup?

Systems I love

POLYGON


Listen up. The amount of money tied up in POLYGON is pretty volatile. What do I mean by that? The amount at the end of the week did not change much, but the amplitude of the movement was enormous. Such cataclysms are caused by large-scale liquidity provision programs, which the protocol launches with many other teams. The change of conditions or the end of such activity, for example on Qiukswap (QUIK) or AAVE (AAVE), is a reason for a sharp movement of money.

SOLANA

Solana blockchain projects, on the other hand, are still going strong!

The amount of funds in the protocol has not changed much, but in a highly competitive environment this is already an indicator of a certain maturity.

I think that blockchain lacks new partnerships or new conceptual projects to move to the next stage of development.

The main blockchain engines in DeFi are Raydium(RAY) and Serum(SRM). They are not yet capable of delivering strong growth for the entire ecosystem.


2

Projects’ News

Almost DegenStuff

UNISWAP


The exchange on Optimism roll-up solution has been launched. From now on, the exchange of tokens for UNI can be considered almost free. The solution will allow transactions within the Ethereum blockchain with fees tens of times lower than the current ones.

POLYGON(MATIC)

The BarnBridge project team has released the SMART Yield project for the AAVE platform on the Polygon network. Users now have the ability to place stablecoins in a variety of risk and return profiles faster. A great example of DeFi protocol cooperation that will gather the strengths of each project in a convenient form for use by any crypto investor.

COMPOUND

Recent DAO project votes have addressed the issue of allocating a portion of the compensation fund to one of the developers as part of researching and writing price oracle modules. The community estimated the cost of such an activity at 21.4 COMP fair. In another vote, the community decided to make changes to the terms of governance. The token limit needed to put the issue to a vote was reduced from 100,000 to 65,000 COMP.

SUSHISWAP

The platform is growing like other people's children - very fast! In addition to new partnerships with RubicExchange and JPYC marketplace, the team released a quarterly report, where, in signature style, it reported to the community on the projects and innovations implemented over the past three months.

MAKER DAO

There are several votes in the community at the moment. They focus on important issues:

– adding POLYGON(MATYC) to the vault;

– speeding up the procedure for spending DAI from stabilization funds when redeeming and then burning MKR;

– increasing the limit of created DAIs from 5M to 20M;

– also several other protocol updates.


While the overall crypto market is up and down, DeFi is steadily moving forward. Not walking, running! Can you catch up?!

– venture capital investment for the second quarter of 2021 doubled;

– the volume of funds contributed to protocols and smart contracts totaled a whopping $144B.

These numbers reflect the high interest from traders and investors in DeFi tools.

Overall, the amount of news among development teams and DAOs is off the charts. Judging by this activity, the summer period is really "hot" in terms of development and implementation. And we'll be able to touch the results soon!


3

Yeld review | FARM THEM ALL

I'm not Milen Farmer. I'm a Farmer.

And now I'm going to share some interesting farming ideas with you. I've listed them down into three parts by risk profile: low, medium, and high (IT’S REALLY DANGEROUS).

Even though Delta.Theta did a good analysis, DYOR on your part is necessary! DYOR is a f@cking mask when you walk into a store! You can't go into projects without it! Gooooo!

Low Risk

It's relatively safe farming of Stablecoins using Pancakeswap and Alpaca Finance services.

You provide liquidity for USDC-USDT pair at Pancake, and then put the resulting LP tokens into a farm at Alpaca and get annualized returns with reinvestment (APY) of up to 25.5% in Alpaca tokens, which is pretty solid for stablecoins.

Medium Risk

And here we provide liquidity for the ETH and INST pair, the native token of the InstaDapp platform. There we have specified a no reinvestment return (APR) of 253.28%. Extremely interesting opportunity!

High Risk

And this way is suitable for those who defy ordinariness.

:)

We're doing a SolFarm yield aggregator on the now extremely popular Solana blockchain. Starring: Solrise project token (also Solana) and USDC. Mission is to get 1420+ percent annual yield with reinvestment. No questions about USDC (it's going to the NYSE), but Solrise and Solfarm are just at the beginning of their careers.

Anyway, if you lose the money, don't even think about coming to my ranch. I'll cut your ass off and you won't be able to sit in crypto anymore. All right, I'm kidding. I'm gonna go finish my milk and go to sleep.

Follow my homies everywhere. Otherwise there won't be any more digests!

Delta.Theta: Twitter and Telegram.

Moni Talks: Twitter and Telegram. And leave your feedback in the chat. If you don't, I'll shoot you in the face. See, farmer.


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