#004

👩‍🌾 Yield Duck: What's bigger than DeFi? Edition №4

4 August | by

Hey Moni Maker


Oooooh... Is this... the fourth edition already?! YEAH. In my day, time went by much-a-slower...quack quack...this is Yield Duck on the phone, ducky boy. I'm from Farm Milka Ranch. I know more about farming than any duck in this fucking Gem City of yours and beyond!

The soulful youngsters from Delta.Theta и Moni Talks have come to see me again to discover what's up with the market. They can't do anything without me! Chicks!

All right... I'll have some milk and be on my way! Let's go!


1

Parsing the market like Lego

Overall Legacy of the Week

Growth, growth, and growth again! That is how I will describe DeFi this week. Capitalization has reached a two-month high, TVL has consolidated above the $100B mark and is returning to early summer. So far, the future looks pretty bright and cloudless! General optimism in the market, the rise of Ethereum, and its upcoming update, NFT-gaming has accelerated and doesn't even think about slowing down...fingers crossed, as they say.

Ethereum

Ethereum still absolutely dominates the overall TVL (over 75%), and there is no obvious suggestion that this will change in any way shortly. Lido and Harvest are this week's growth champions (+28.5% and +18.1%).

BSC

BSC is also performing well, but its growth is being held back by the progress of blockchains such as Terra, Polygon and Solana. Continued regulatory pressure on Binance is certainly playing its role. Champions of the week according to BSC: Bepswap (+75.5%) and Apeswap (+67.8%).

Polygon

The volume of locked funds within the POLYGON ecosystem has barely changed over the past week, continuing to hold steady at $4.46B. The project launched a Stablecoin bridge with DeversiFI. It also showed some Play-to-Earn games. DFYN Network (DFYN) saw the largest increase in project funds: +38%, to the $280M mark. And liquidity aggregator DynoSwap (DINO) grew by 40%, to $520M.

Solana

Solana's blockchain continues to grow and increase funds raised. TVL increased by 8.5% to $1.26B during the week. Who are the leaders?

– DEX exchange Serum (SRM) showed a 76% increase, i.e. to $530M;

– DEX-exchange for stable and pegged сoins Mercurail Finance (MER), which raised 80% more capital, resulting in a fund level of $108M.

Projects’ News

The project launched a voting system on a new platform, implementing the separation of trading and management voting platforms within a decentralized autonomous community. The first vote on the new platform was a proposal to change the collateral and interest parameters for several assets.

Just the other day the team released last month's activity report. It described all the new NFT add-ons for the project participants. In addition, the team announced the closure of the first version of the protocol and migration to the second version and put up a new Curve Finance gauge voting strategy.

The project continues to develop actively, adopting a new type of pledge bETH (wrapped stETH on terre) and introducing an incentive system for referral inviting users.

The beginning of August is reporting time, not only for corporations from the world of traditional finance but also for DeFi projects. The CAKE team released the report and changed the farms' composition: some farms will now have BUSD instead of BNB. And the CAKE team also burned 58k tokens as part of a liquidity management system.

The platform has opened an alpha version of its protocol that uses Optimistic Ξthereum L2. This will solve many problems with the speed and cost of user order execution.


2

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

You don't like your pension fund? Bank deposit returns make you laugh hysterically? Mercury (not retrograde) will help you out. Join and enjoy a great risk-reward ratio!

Medium Risk

Axie hasn't launched the full version of the game yet, but they've already taken over the world! What's next for Axie? Dive into this link and don't miss the moment when "next" is coming! And DYOR, of course.

High Risk

Cybersecurity at DeFi is important. Everyone at Hacken knows that. Help the guys with liquidity here, then go here and get cyber-warriors! But do the cyber DYOR too, yeah.

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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