1/13 π Here is the monthly catch-up of Global #DeFi market analysis. Last one is here below with some conclusions about Smart Money leaving Defi. Was it still the case on July? Quick thread but you'll get the general trend where ecosystems are exploding.
2/13 TVL on @Defilama is at 68b$ at 31/July, increasing by +21% since end of June.
3/13 On the other hand, #crypto total market cap just crossed the 1b$ threshold and sitting now at 1,075b compared to 848b end of June, so +27% increase.
4/13 However would be great to have the DEFI ecosystem Market Cap to be more relevant. There are several indexes but there is no consensus on which protocol need to categorized at DEFI. Can @DefiLlama do that?
6/13 One thing to focus on is the $EURO stablecoin, with the beginning of $EURC, which is presume is the $EUROC from @circle, that reaches itβs 1st m$ of MC.
7/13 Despite the constant market cap of Stablecoin, one thing you may have noticed is the amount of new stablecoins popping everywhere: @AaveAave , @redactedcartel , etcβ¦ Iβm sure Iβm missing other ones, so please feel free to add to the list.
8/13 To draft a conclusion: Crypto MC increases by +27% while TVL in Defi by +21% only. I assume then that Smart Money did not enter the game yet and that a slice of money left Defi.
9/13 In addition over the past month, we could see tremendous growth of few ecosystems that exceed the average DEFI TVL increase, such as #Optimism, #Algorand and #Metis leading the ranking (blockchain with TVL > 50m$). Let's dig into those 3 #blockchains
10/13 First, @optimismFND Grant is still on-going. Here is a recap of the 4 voting cycles and the protocols who succeeded in obtaining $OP grants. Thanks to this incentivization, protocol exceeds the 1b TVL beg. of August.
As an investor of #DeFi, there is no discussion saying that #Ethereum holds all the Blue Chips. Unfortunately, some times gas prevents me to invest & farm on L1. Here are some tips to invest on @AlchemixFi and @0xconcentrator whithout interacting with #Ethereum#blockchain πͺπ
These two protocols innovate by creating a liquid version of the autocompounding value behind their governance token, and added liquidity on other #blockchains to allow users / protocols to use it.
1/ Guys β°β°, it's time for a summary of ALPHA on @redactedcartel. A lot of you have waited a long time for that: Redacted V2 will launch on 8 August 2022. So let me tell you what these changes will bring (NFA, i'm $BTRFLY holder) ππππ¦ read till the end to know the timeline!
2/ First, the news just went out today, so give it a read if you are a $BTRFLY V1 holder. But what are the revenue generation products developped by @redactedcartel ?
π΄π΄It's time for a summup of Cycle 4 voting round and tell you the #DeFi proocols that just won $OP grant, and how you can benefit from them. Former cycle rounds summary can be found just below
1/ @QiDaoProtocol : Got 750k $OP. 80% will be given to users:
- 20% to reward borrowers
- 60% to incentivize $MAI liquidity on Optimism through
I remind you that $OP rewards are backed 1:1 in $MAI incentives! DYOR!! or make your own calculation MYOC!! But see what you can get:
2/ @beefyfinance : Finally, after 2 against voting round, the protocol manages to update the proposal to get that grant. It's gonna be 650k $OP which 35% will go to incentivize $BIFI liquidity and 50% to boost farm of native protocols of #Optimism
0. What's the status of @0xconcentrator IFO after almost 1 month?A quick update as well as some interesting contents to throw an eye to see what are the newsπ₯ If you don't know this project, it's a Yield Optimizer built on top of @ConvexFinance read this:
1. TVL: Stable around 105m$ split in 94m$ for IFO vaults, and 11m$ in Original Vaults. YES, you can still farm without participating to the IFO campaign and earn $aCRV.
2. Farmed $CTR: Today at 482k $CTR, but let me extrapolate to be around 500k $CTR as of 14-Aug. Which means 500k/2500k already farmed in one month. IFO end date still targeted around mid-November.
1/14 I've been deeply following @synthetix_io lately, and fundamentals + financials figures are touching the sky. So if you invested in it, here is a simple guide for #DeFi Noobs about #staking $SNX on @synthetix_io platform π§΅π
And read it carefully!
2/14 First, staking is done on #L2#Optimism#blockchain staking.synthetix.io
Current APR is 57,21%.
Rewards are in $sUSD - #StableCoin & $SNX. Tokens MUST be claimed every week before the end of each epoch (Wed. at 09:00 UTC) -> Otherwise, rewards go back to the pool.
3/14 $SNX rewards do not go directly into your #web3 wallet, instead, claimed $SNX are escrowed on this webpage staking.synthetix.io/escrow, and you can get them back in 12 months from the claim date. In the mean time, you can stake them, and increase your staked amount of $SNX
1/11 how much does it cost to farm on @0xconcentrator, to receive their new token $CTR ? What is the minimum amount of your deposit to get your ROI at the end of their IFO ? When could the IFO end ? All the answers in this π§΅here π
2/11 So as today, 233k $CTR has been raised out of the targeted 2,5millions of tokens. So, a projection shows an end of their IFO in about 3,5months, so around mid-November at same TVL.
3/11 @0xconcentrator can now be tracked on defillama and succeeded one big milestone, reaching the 100m$ + of TVL and entering the top list on #Ethereum! Congrat's!!