DeFi Weekly Recap (5 Apr):

1) SEC Introduced Proposal to Redefine Security "Dealer"
2) @AaveAave Announced AAVE v3 - $AAVE 97% Price Jump
3) Hedera Hashgraph Announced $155M Crypto Economy Fund
4) Wave Financial Unveiled $100M $ADA Fund
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#Blockchain #Bitcoin #DeFi 1/ SEC Introduced Proposal to Redefine Security "Dealer"

According to the nearly 200-page proposal, "dealer" would expand to include people & businesses using automated & algo-trading technology that execute trades & provide liquidity to the market.
coindesk.com/policy/2022/03…

THORChain $RUNE Overview:
$RUNE is a DEX protocol that enables native token swaps across blockchains. This was previously only possible with CEX's. This is big news and could disrupt the business of CEX's!

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#THORChain $RUNE @NicolasFlamelX @THORmaximalist @TheRuneRanger 1/ Benefits:
-Removes necessity & risk of wrapped/synthetic assets
-Removes bridging and its pain points
-Enables direct native token swaps
-Decentralization & immutability
-Custody
Digital assets at its core is decentralization. Removing CEX's brings power & meaning back to DeFi

[WEEK 2] With round 2 of $SOLID emissions starting in 5 hours, let's take a look at the top 20 pools by votes and measure them by capital efficiency ($ in TVL per 1 vote for $SOLID emissions):
#1: $OATH- $FTM
#2: $FTM- $YFI
#3: $YFI- $WOOFY
#4: $USDC- $WEVE
#5: $CRV- $FTM

🧵… 1/ Although $OATH- $FTM has the highest efficiency, the underlying protocol is no where near as established as $YFI. Hence, it could be argued that #2 & #3 would be a better play as $YFI (as a protocol) is more developed than $OATH (as a protocol)

With the TVL reaching $2 billion on $SOLID, I figured an update is due - $SOLID TVL exploded quicker than I had expected! Let's take a look at the votes for next week and discuss ways to figure out next week's play.

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@kamikaz_ETH @bobbybanzai @wagmiAlexander @solidlyexchange 1/ As the TVL grows, more eyes are now watching $SOLID and the $SOLID token & price are increasingly more important.

Let's assume all underlying tokens in pools have the same values & narratives. Therefore, the best way to ape would be pools with the highest capital efficiency.

Update on the $SOLID launch, $OXD & #solidly (@solidlyexchange $SEX) partnerships, and the game plans of all 25 protocols that have received the initial allocation
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#Fantom $FTM @FinanceFirebird @kamikaz_ETH @KingsFantom @wagmiAlexander @BillyBobBaghold 1/The 2 major accumulators are 0xDAO (@0xDAO_fi) and Solidly (@solidlyexchange)

0xDAO Party
- 7.4mn $SOLID staked or 37% of all allocation
- Members include: $OXD, $BOO, $TOMB, $SCREAM, Reaper Farm, $BEETS, $LQDR, $TAROT
- Currently, 6 of the 8 members have voted for own pools