1/ Our November monthly report is out again! π
This time round, almost every chart is upward sloping and at ATH! π Amongst top 30 coins, market cap grew by 46%.
2/ Bitcoin achieved its ATH and had the highest month-on-month growth in 2020 with a 42% increase in November. BTC ended November up 173% since the start of the year.
3/ Ethereum had an even higher growth in 2020, closing November up 374% from the start of the year. π₯
There were 3 months in 2020 where ETH went up more than 50% --> April (+54%), Jul (+53%), Nov (+59%).
4/ Amongst DEXes, @SushiSwap saw strong growth and now commands 11% of the top 7 DEX market share. @UniswapProtocol still maintains a very strong lead despite the vampire mining attack of Sushiswap. However, overall DEX volume went down 3.3 billion month-on-month.
5/ Among centralized exchanges trading Bitcoin perpetual swaps, Binance and Bybit has been growing their market share. Bitmex's market share has been declining for 6 consecutive months.
For more insights, do read our 25-page November report here: gcko.io/vb87xy1
Do share with us the feedback and how we can further improve our monthly reports!
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Impressed with the transparency shown by the team and it's something that more teams should emulate. Particularly like the detailed list of Treasury and payments to contributors/grants.
2/ The report makes it easy to do research on projects.
Here's a short summary: Yearn made a total of $3.8m in net operating profits for the past 3 months ending Oct 2020. $2.5m were paid to stakers in governance contract.
Would have been good to see average staked amount.
3/ 95% of revenue came from yVault products of which yUSD is the most popular yVault generating 68% of vault revenue.
There is no mention of TVL in this report and I have to dig elsewhere to get this info. Would have been good for this info to be included.
I've been observing @barn_bridge token price since it started trading on Monday morning. The price seems to be going only up and at $185, it is nearly 140x seed round price of $1.33. I am fully anticipating the price to go down next week so do be careful. Thread below π
Let's be clear: I am interested in Barnbridge's fixed interest rate solution. Their method of splitting variable interest rates into junior/mid/senior tranche is innovative and I look forward to seeing this team launching their product. I wrote more here:
Their way of distributing $BOND via farming seems quite fair. I like that Pool 1 lasts for 25 weeks & Pool 2 lasts for 100 weeks. The long farming period allows people who may have missed the initial news to join the farming later. I am generally not a fan of short farming period
1/ The next wave of DeFi innovations will be very interesting. We are replicating the entire suite of traditional financial markets in crypto. On the lending side, we have crypto collateralized loans which are more efficient than any collateralized loans in traditional finance.
2/ Interest rates are now mostly variable per block and the next wave of innovations will be projects looking to provide solutions to have fixed i/r over time. @AaveAave have some fixed i/r options but we are starting to see other methods being implemented to have fixed rates.
3/ The solution could be i/r swaps or by classifying the cashflow into senior/mid/junior tranches. I read @barn_bridge whitepaper ytd and soon we will be seeing more teams come around with innovative solutions to carve up the variable i/r to fixed i/r. github.com/BarnBridge/Barβ¦