👩🌾 Yield Duck: The beginning of the end, or...? Edition №1123 September | by
Hey Moni Maker
And I tell him...why eat cabbage when there are potatoes? Ha-ha-ha! What else have you got to eat? The market is...
Never mind. I heard you this time. I heard the guys from Delta.Theta и Moni Talks come in. Handsome, polo shirts, T-shirts. Came in to hear some cringe from Grandpa Yield Duck from Farm Milka Ranch...Ugh.
What's up with the market? Let's walk!
Parsing the market like Lego
Were you waiting for the Bullrun? Chill out and forget, bro! Okay, I'm sorry... A little FUD from American administrators shook up the market. After all, nothing can grow forever. Sometimes you have to take a step back and then take ten steps forward. Who knows, maybe amid correction of the fund, the new big guys will come to crypto, maybe not... Anyway, DeFi allows you to be a Moni Maker regardless of the overall market conditions! TVL only went down by a 1b. Listen to me, listen…
Old boy Ethereum naturally sagged a bit. Almost all projects are down, with few exceptions. Curve is now the dominator in the network; it took over the palm from InstaDapp.
Champion of the week: Alchemix (+67.5%)
Gainer of the week: dForce (+106%)
POLYGON TVL continues to crawl downward tactically. Nevertheless, the project team is hustling: they make a new bridge, try to work with E&Y (consulting), and come up with something in games. In the long run, there's a good chance of a comeback...
Leader of the week: Hop Protocol (+76.54%)
After an exponential (what the f@ck do I remember the word for) growth, SOLANA TVL is going down. I think this is a natural correction after such an upswing. Institutionalists are still bullish on the token and the ecosystem as a whole. Let's see...
Absolute dominator of the week: Larix (+9650%). WHAT?
The little AVALANCHE baby looks good against the general background. TVL even could gain something for this week. Unfortunately, everything that is trending attracts a lot of attention from hackers: VEE lost $35m.
The beauty of the week: Penguin Finance (+3892%). Crazy...
The MakerDAO team is trying to communicate with lawmakers. Staffers in Senator Warren's office have revealed that they are not interested in DeFi at all: a Twitter post showed a screenshot where a MakerDAO delegate claims to have spent most of his time convincing Warren that Maker is not the same project as DAO. At the same time, DAO is a failed project that underwent a significant hack before dying in 2016.
The anonymous leader of the popular decentralized exchange, SushiSwap, announced his resignation as head of the project. The appeal was published on Twitter. The reasons for this decision and further plans of the developer under the pseudonym Maki are unknown.
The CAKE community is voting on the creation of an APENFT farming pool. The goal of this project is to register world-class works of art as non-exchangeable tokens (NFTs) on the blockchain.
The list of key innovations:
New “Labs” section to serve as a home for more experimental vaults;
Fully integrated Iron Bank with dust-free loan repayments and withdrawals;
Completely redesigned experience for mobile;
Multiple UI themes, with unique unlockable themes for Yearn NFT holders coming soon. You’ll notice for all screenshots, the cyberpunk theme (find it under settings) is used.
Yeld review | FARM THEM ALL
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!
Modest, but your funds will be very SAFU. Look here.
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!