$CAP strategy on $MGN: Fill their USDC pool with liquidity
@rage_trade is a perpetual DEX that offers users access to concentrated liquidity & strat for yield generation through use of dormant assets.
Rage strategy on $MGN: Supplies WETH to their tricrypto pool; providing additional liquidity for users & earning LP fee +yield from $CRV
@rage_trade Update: The quorum wasn't reached for $CAP finance & rage trade strategies on #MugenFinance 's recent governance proposal, so they are currently on hold.
It's likely that $MGN will pause or change the way it does governance (only vote 'NO' option) temporary.
As of now, the #MugenFinance team is focusing on $QUARTZ strategy, $RBN Ribbon Earn & cross-chain swaps.
This yield diversification will increase $MGN token utility🔥💪
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As #DeFi industry continues to grow in popularity, so too does the need for comprehensive regulation.
Recently, Fed chair Powell spoke about the difficulties around transparency in DeFi ecosystem and urged for greater regulation to ensure a healthy future for TradFi & #DeFi.
Powell's remarks come at a time when #DeFi ecosystem is growing rapidly and beginning to affect more retail investors.
Although the recent DeFi winter wasn't large enough to affect global financial stability, it's still important to be aware of its potential implications.