Hey Moni Maker
Yesterday we were quackin' all over the Ranch, and we were quackin' drunk. Well, so what?! At a market like this, you don't have to be a duck, but a chicken or a rooster to miss such parties! Ha-ha...
Stop. There's a market. There's a lot to tell. Let's go!
Parsing the market like Lego
There is an optimistic mood in the market! Bitcoin recently touched 50k and definitely wants to climb even higher.
DeFi Market Cap jumped over $90B, and total locked funds (TVL) broke the ATH record this week and set a new one... $157B! Institutionalists are pushing hard into crypto and DeFi in particular, and we say to them, "Welcome, dudes!"
Ethereum is also on its ATH, but gas is growing behind it. For the big guys it may not be noticeable, but for us, simple degens, it is a bit of a stretch. Against this background, Layer2, Optimistic Ethereum's solution, looks attractive: the speed is several times higher, gas is several times cheaper. And in general, the topic is gaining popularity little by little: 1inch has started to deploy on OE, and the network itself already has more than 40K addresses in total. Let's see how it goes.
Gainer of the Week: FRAX (+29.95%)
BSC is doing fine! Although Binance is having a hard time lately: the gap between the historical high and the current TVL is slowly narrowing. BSC is still the leader among all blockchains in the number of active addresses per day, reaching 1 million per day. However, Polygon is slowly catching up by the total number of addresses and several other metrics. But whatever, competition is development.
Gainer of the Week: Tranchess (+99.7%).
The size of locked funds in the POLYGON ecosystem decreased by 8% to $5.01B. After a large purchase of Hermez startup, which develops ZK solutions for the Ethereum network, the project slightly reduced marketing activity in the direction of DEX exchanges and protocols. This move affected the amount of funds raised. Despite this, some projects showed growth - for example, the decentralized multi-blockchain revenue aggregator Beefy Finans (BIFI), +20% to $144M.
SOLANA is not slowing down. For the fourth week in a row, the parameter TVL and the total capitalization of SOL show significant growth. This time the plus for the week was 16% or $2.12B in currency. The main leaders are the same as last week: AMM Stable Coin aggregator SABER(SBR) showed +65% to $621M and yield aggregator SolFARm (TULIP) +15% to $235M. S=$olana&$tability
After the issuance of tokens guaranteed by a mortgage loan, the issue of classification and risk management became as serious as possible.
Passions continue to rage on the project government forum regarding a $25M grant to launch a visual analytics program. At the moment, after a vigorous two-week discussion, a concept is about to be voted on, where the grant will be divided into two parts - $15M and $10M in UNI tokens. And most of the tokens will be put in the vault so that the interest from the users will pay for the salaries of new engineers and designers, and part will be given as rewards to active participants of the community.
The project celebrated its first anniversary. On this occasion, a large-scale creative and NFT-activity was announced. You can read about the size of the motivations and conditions in detail in the blog.
The RWA (Real World Asset) story has not gone unnoticed by the largest lending protocol. The community approved the Centrifuga team's proposal to allow RWA ideas to be voted on.
The project has released its weekly report on user activity, PoS profitability parameters of the project, the number of transfers, etc. At this point, the number of active addresses has reached 157,000 - most of the growth has occurred in the past 4 months, and now the team's desire to attract 1,000,000 participants to their DAO does not look so unrealistic.
The Risk Harbour protocol has launched the first cross-blockchain insurance against hacks and breaches of smart contracts for USTs (Terra and Anchor stablecoin). Now any deviations from the benchmark for UST or breaches in the Anchor smart protocol will be compensated.
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!
It's a good way to make your stablecoins work, because they're too lazy to do anything, they're just lyin...come here quickly!
Just go here and look at the rewards. Do you like it? (Warning! Such farming is dangerous to mental health! Contraindicated for children and nursing mothers!)
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!