👩‍🌾 Yield Duck: April-May. Whoray? Edition №5

11 August | by

Hey Moni Maker

Quack, quack, quack! Young people, of course, are no good at all. But we were so strong! I used to watch my grandfather slaughter a pig with his bare hands and how the blood spurted left and right! And nothing happened to me! That's how we had fun! And now... when the market falls, you get hysterical, ready to suicide... weak assh0le!

All right, okay. All right, okay. Uncle Yield Duck from the Farm Milka Ranch is ready to shake off the old days and tell you about the farming places and DeFi market...

Thanks to the guys at Delta.Theta и Moni Talks. They brought Uncle some coconut milk... Ugh! That's not the coconut I asked for!

All right. Market. Let's go!


Parsing the market like Lego

Overall Legacy of the Week

Growth continues; go go go! DeFi Market Cap has caught up with late spring/early summer levels. A nice "springboard" has formed on the TVL chart. DeFi will break the old record; wait for it1!

Play2Earn keeps gaining: Launchpads are full of new toys, Axie already has a $ billion turnover on the marketplace.

What about NFT? And NFT is fine: trading volume on OpenSea is over $40M per day and more than 20K users per week. NFT wants to tell us: "I'm not a deadman, you are devils!".


TVL Ethereum has surpassed $100B and is close to its late April/early May highs. There is news on derivatives: dYdX L2's daily trading volume this week exceeded Perpetual protocol's daily trading volume (several times over). In addition, dYdX was the fastest-growing TVL project among the top 50 on Ether (+77.66%).


BSC also fertilized TVL. But not with crap, but with growth! Also of note is the sharp recovery of TVL derivatives at BSC (from $100M to $300M since the beginning of the month). ApeSwap (+67.84%) was the champion of the week on BSC.


Locked funds in the POLYGON ecosystem increased slightly by 2.2% to $4.56B. The project continues to simplify interaction with the Ethereum blockchain by launching Hyphen, another fast bridge for exchanging USDT and USDC stablecoins. The decentralized QuickSwap Exchange (QUIK) was the first project in the Polygon network to list on CoinbasePro. I noted the largest inflows on the cryptocurrency platform Curve (CRV) + 14% to $527M.


Solana continues to grow its blockchain ecosystem, and the size of funds brought in. The TVL metric showed significant growth for the second week in a row, adding around 23% this time to reach $1.55B. Leaders were DEX aggregator Raydium (RAY), which raised an additional 14.6% TVL to $664M, and AMM stablecoin exchange Saber (SBR), which raised $185M (+23% for the week).

Projects’ News

The project organized a new voting round regarding the format of its own DAO, voting budget, and proposals. Through voting and discussion on a dedicated platform.

The protocol has begun a period of debate. They focus on legalization under traditional regulation and preventive preparation for a possible confrontation with state authorities. The issue of participation of lawyers and activists from lexPunkArmy (punk, but not crypto ones!) is brought up for discussion. This is in case regulation in the US parliament or another jurisdiction conflicts with the values of the crypto community.

With the end of the first quarter of the Developer and Protocol Grant System - LEGO, the question has arisen - should we extend it or launch a new, modified program? The DAO vote invites all interested parties to discuss and vote.

The protocol continues to adhere to the weekly token burning rule, having eliminated about 5.4M CAKE this time, about 101M USD. Given the constant issuance, the effect may no longer be as useful in maintaining the price, so a proposal to reduce the issuance has been put to the vote.

The platform has released a review report that focuses on July's activity.


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

I've been thinking about what to offer you, but the crooks have been acting up lately! That's why we're focusing on security, townie! So, put ur stablecoins in yearn.finance and get some rest. It's Safu, bro.

Medium Risk

If you can't sit still, then go to QiDao. The dudes will help you get your Chi in the right place, you'll get your chakras blown, and you'll get some good monimaking too. But if your kung fu isn't so great, then Dyor it once or twice (just kidding, but DYOR).

High Risk

You can never have too much Polygon, so it's up to you. You can count how many percents it will bring with reinvestment (spoiler: so f*cking many). But it's a bit scary, maybe the robbers will come and pull everything down again :(( In short: you know what you need to do.

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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