ā¢ 10 out of 10 have assets on Ethereum
ā¢ 6 out of 10 have assets on Arbitrum
ā¢ 4 out of 10 have assets on Avalanche
ā¢ 2 out of 10 have assets on BNB
ā¢ 3 out of 10 have assets on Polygon
ā¢ 3 out of 10 have assets on Optimism
As expected, Ethereum is the most dominant chain.
Interestingly, only 0.36% of assets are on Binance Smart Chain, which is surprising given that BSC TVL is second to Ethereum.
TRON is also not represented here, even though Tron has the third highest TVL after Ethereum.
2. Stablecoin Holdings
---
This data includes:
ā¢ Stablecoins in the wallets
ā¢ Staked Stablecoins
ā¢ Farming only in Stablecoin pairs like Curve 4 Pool
These are the holdings that they can redeem anytime they want.
~28% of their total holdings are composed of stablecoins (not surprising since it's a bear market)
More than 50% of these are used in earning yields.
Interesting Anomaly:
1 out of 10 wallets has ~0% in stables - (permabull?)
2. Farming without Impermanent Loss
---
If you are farming for some time you already know how severe IL can be.
Currently, half of @uniswap LPs are losing money due to IL.
Were you aware that depositing your crypto into firms like @CelsiusNetwork essentially means user funds belong to the company and not the user? š¤Æ
Basically: IT'S OUR MONEY, NOT YOURS - according to the firmās lawyers!
We broke down this controversial legal take..
š§µ š
@CelsiusNetwork is (was?) a regulated, SEC-compliant, lending platform that enables users to receive interest on deposited #crypto or take out crypto collateralized loans.
Essentially you deposit funds and expect to earn interest on those funds.
In the past couple of months, the #crypto markets have faced an onslaught of insolvencies among crypto lenders and firms related to the Terra crash, Three Arrows Capital liquidations, and others