#DeFi Weekly

TGIF! 🌳 What went down this week? Here's 5 headlines you can't miss!

1. Solend..decentralized?
2. Bancor Halts IL protection
3. dYdX Builds Chain on Cosmos
4. Solana Announces Web3 Smartphone
5. $100M Horizon Bridge Exploit

#WebTr3e #Crypto #Web3

a short 🧵👇 1. @solendprotocol approves whale wallet takeover:
cointelegraph.com/news/what-dece…

Doubts were raised over #Solend's decentralization. Read our thread on this matter! 👇

https://twitter.com/TreehouseFi/status/1540216636979806209

#CryptoBytes

What happened to @solendprotocol?

It is a decentralized lending platform on #Solana that has been facing community backlash after its recent actions that seem to go against the ethos of decentralization. A summary 🧵👇

#WebTr3e 🌳 #DeFi #Crypto #Solend Just 2-3 weeks ago, $BTC’s poor price action led to a massive sell-off in major altcoins such as $ETH and $SOL, which reached lows of $881.56 and $25.86, respectively. This also led to on-chain liquidations at the $1K-$1.1K level, according to @parsec_finance.

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Not many know this: DeFi Option Vaults (DOVs) have gained tremendous popularity over the past few quarters. The potential for DOVs to revolutionize DeFi in the coming years is HUGE.

Learn more 🧵👇

#WebTr3e 🌳 #DeFi #DOVs #Options What are DOVs? 👀

DOVs are automated vaults that use options as their underlying product to generate returns. At its peak, DOVs accounted for >$500M of the total #TVL in #DeFi options.

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A bipartisan #crypto bill was introduced yesterday, 7 June 👀📝

Also known as the Responsible Financial Innovation Act, @SenLummis and @SenGillibrand proposed a regulatory framework for digital assets in the bill. Here are the key takeaways in case you missed it:

🧵👇 1️⃣ Definitions

The bill recognizes #crypto as digital assets and makes a clear distinction between tokens that are considered securities vs. commodities. The class a token falls into will be evaluated by its purpose and the rights conveyed to its holders.

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Many assume that successful investing comes from picking winners during bull markets. However, it is during bear markets that life-changing wealth is created.

Here’s our playbook on how to navigate this Crypto Winter!
🧵👇

#WebTr3e 🌳 #DeFi #BearMarket As we navigate #CryptoWinter together, here are some principles that can help you endure this bear market.

1️⃣ Downside Management & Capital Preservation
2️⃣ Asset Selection & Accumulation
3️⃣ Liquidity Optimization & Capital Efficiency

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#DeFi Daily 11/03/22

#Bitcoin pulled back on Thursday, falling by 8.54%. It found support below the key $39.5k level. Price retested the downward channel which it broke out of on Wednesday during US trading hours.

Read more: 🧵👇 #Ethereum’s $ETH has hit through the trailing stop loss at $2577 yesterday afternoon. We suggest observing retest of the $2350-2550 base area + trendline since Feb 2021 on a daily chart which also serves the lower bound of the wedge.

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#CryptoBytes

So you’ve heard about Proof-of-Work (PoW) 🔨 being used in #Bitcoin and #Ethereum, what about Proof-of-Stake (PoS) 💰? Read on!

If you’re unfamiliar with PoW, read our previous thread here:

https://twitter.com/TreehouseFi/status/1499714974792314886

🧵👇 Proof-of-Work and Proof-of-Stake are both consensus mechanisms or algorithms that ensure the security of the #blockchain. 🔒

In simple terms, they are used to select which participants/nodes should be given the chance and authority to add a block to the chain.

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#DeFi Daily 10/03/22

$BTC saw a breakout yesterday during Asian trading hours. Price cleanly broke above the $39.5k resistance line, while the hourly RSI moved into overbought levels, revealing a renewed short term #bullish momentum.

Read more: 🧵👇 $ETH had a similar move yesterday as it broke out of its inverted head and shoulders pattern. Looking at the daily time frame, ETH is forming a wedge pattern where the level to break above would be around the $2.85k level.

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#CryptoBytes

#Cryptocurrency like #Bitcoin are known for being volatile. Here's an overview of how $BTC price fluctuated over the years:

Read our previous thread about Bitcoin here:

https://twitter.com/TreehouseFi/status/1498965266209771526

🧵👇 #Bitcoin has seen significant growth since its start in 2009 with some major price drops. $BTC price remained below US$2, for the first few years but in June 2011, the price shot up to US$31, before it plummeted down to a single digit. 📈📉

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Andre Cronje, dubbed ‘Godfather of DeFi”, will be exiting the space according to a tweet by his long-time colleague Anton Nell on 6th March, who will also be joining him.

Out of the loop? Here’s a thread explaining the incident:

🧵👇 Who is Andre Cronje?

If you’re new to the space: Cronje is one of the most influential and prolific developers in #DeFi. Having held the position of Technical Advisor at @FantomFDN, Cronje’s knowledge in #blockchain technology is profound.

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#DeFi Daily 09/03/22

$BTC rose 4% during Tuesday’s Asian trading hours, and traded near the upper bound of a widening channel during US trading hours. Hourly, BTC has been making higher lows without higher highs – a strong resistance on its downward trend line.

Read more: 🧵👇 $ETH shows a similar price pattern to $BTC. It is now at a critical crossroad with price near its yearly support. For now, ETH has found support from the line on the daily as yesterday’s daily candle closed above the line.

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