👩🌾 Yield Duck: The market is growing like your ass! Edition №618 August | by
Hey Moni Maker
They came to my Farm Milka ranch again. And they were like, "Yield Duck, honey-money, the market's exploding out there! What do we do?!" QUAAA-A-A-CK!!!
I'm shocked by this kind of stuff myself. You know, like 2pac rapped. Ay, you don't know the classics, young. All right. Let's go!
Parsing the market like Lego
The DeFi market was very happy with its growth last week. There is as much liquidity as snow in winter: TVL and capitalization have almost renewed their ATHs. But the more money in our industry, the more people want to get their hands on it. So the other day my neighbors from Poly Network Ranch had as much as $600M stolen. I told them, "Guys, hire a good cybersecurity guy who doesn't drink."
And this... Dune Analytics recently raised $8M in the A round. That's right, in our business we need good statistics too. Anyway, there's demand for more than just NFT wankers...
Ethereum feels good. Even though the gas has again become a tangible expense item, we've certainly seen more expensive ones. By the way, it turned out that NFT-marketplace OpenSea consumes almost 15% of all gas in the network! And they do not even have their own token... Now, however, bots are making a fuss and slowing everything down. DefiSafer showed the largest locked funds increase during the week (+22.54%).
BSC added 8% to the TVL for the week. Pancakeswap still dominates. By the way, Coin98 says that Pancake is currently 4.4 times ahead of all the protocols in terms of daily active users. All together! The champion of this week's growth was ApeSwap (+67.84%).
The POLYGON team continues to develop not only its project but also the entire ecosystem of applications that use its technology. Despite the largest hack in DeFi history, when a hacker gained access to $611 million in PolyNetwork project funds, the number of funds raised increased by 18% to $5.44B. AAVE continues to be the largest marketplace for these funds with $2.11B.
SOLANA continues to do well. The TVL parameter rose for the third week in a row, up 35%. As a result, it was $2.12B. The growth of raised funds is measured in double digits in almost all projects - RAYDEUM(RAY) up +28% to $830M, SABER(SBR) +80% to $350M, SolFARm(TULIP) +48% to $217M - in general, everything is growing like my mar...wheat at Farm Milka Ranch! That's some killer wheat.
There are many discussions on the project forum. One of the latest hot topics has to do with a proposal to organize several joint vaults for corporate clients and long-term holders with NEXO crypto bank. The goal is to create a convenient and secure platform to attract large capital.
The latest news on the project is also related to DAO activities.
The launch of Curve on the Harmony blockchain plus the launch of an offline structure to represent the industry's legal interests in dealing with US government agencies... These are the most discussed topics on the forum.
After the largest offering in recent memory (BitDAO) found a bug in the smart contract that could potentially result in a loss of about 350 million, the community is discussing the amount of payout for bug-hunters as part of protecting their own protocol. A proposal to launch an NFT exchange has also attracted a lot of attention.
A proposal to update the system of motivation in the referral attraction of users for the next quarter came up for discussion. They propose to set a stable size of payments from 10 to 40% depending on the month to motivate the attraction of new traders.
Developers made publicly available the results of the upgrade to version 2 and identified a number of areas which they would like to implement in the third version of the protocol.
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!
Want to make your stables work? There is a great option from Dino! Very good rewards for an option like this. Come on, f@ckin' Dinosaur, the meteors are still a long way off! Work it!!!
Good old Pancake on BSC offers you a good deal on farming a pair of Binance Launchpad and Binance Coin. Triple Binance are cool, but they don't cancel out the DYOR.
Some new honey farmers beckon with very sweet percentages of yield farming (especially when calculated with reinvestment). You have to check it well. Maybe there's no honey, but there are bees!
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!