Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
This week has been pretty spicy for crypto, and we’re coming in hot with new pools, ratings, and the ultimate guide to DeFi yield. 🌶️
The best of the best. These pools have no major red flags, offer a competitive yield, and are at the top of the class – earning an A or B risk rating. Our picks for this week include Uniswap (who keeps crushing it) and the newly promoted Euler 💪.
- Uniswap ETH-USD Market Making 30bp
- ~134% APR
- Euler ETH Lending
- ~3% APR
- Euler USD Lending
- ~3% APR
New pools on the block. We review thousands of DeFi investments to find the most attractive pools for you. Wombat and Sherlock make their Exponential debut.
- Sherlock USD Staking
- ~13% APR
- Wombat USD Market Making
- ~3% APR
- Wombat USD Market Making
- ~3% APR
- Morpho-Aave BTC Lending
- ~0.5% APR
Don’t degen too close to the sun. These pools have major red flags at either the chain, protocol, or asset level, with a high likelihood of being exploited or failing 🙅.
- Curve FIDU-USD Market Making
- Exponential Risk Rating: F
- JustLend USD Lending
- Exponential Risk Rating: D
- Mero USD Staking
- Exponential Risk Rating: D
- Idle USD Market Making (Junior)
- Exponential Risk Rating: F
New protocol reports
Protocols can be a pain to keep up with – let us help. Our team finds the most interesting protocols and breaks down what you need to know and why they need to be on your radar. This week, we’ve reviewed:
New asset reports
We help you stay up-to-date with new and popular assets (as well as some hidden gems) so you can invest more wisely. Here’s what we’re covering this week:
- FTX collapse continues to be an absolute dumpster fire as Genesis’ lending arm halts withdrawals. The lending unit of Genesis Global Trading told customers it is temporarily suspending withdrawals due to contagion from FTX. The business was capitalized independently and had no impact on the trading and custody divisions. Crypto exchange Gemini’s Earn program, which deploys assets through Genesis Lending, also announced a suspension on customer withdrawals.
- Binance shoots its shot and relaunches bid for bankrupt crypto lender Voyager. The US arm of Binance is preparing to re-bid for the Voyager lending platform. This follows a previous unsuccessful attempt in September where the (now defunct) FTX beat out Binance.
- More crypto exchanges bail on Solana-based stablecoins. Binance and OKX suspended support for the Solana version of the two largest stablecoins, Circle’s USDC and Tether’s USDT. OKX noted it will actually delist the tokens, effective 11/17 at 3:00 UTC. Binance subsequently resumed support for USDT. Circle CEO Jeremy Allaire tweeted that USDC on Solana is functioning normally. Both exchanges did not provide any clear reasons for these moves. Stay safe out there.
Mastering Defi investing starts with understanding yield – here’s what you need to know.
Our team of experts put together the ultimate guide to yield opportunities for DeFi pros, newbs, and everyone in between. Check out our latest blog.
Did you miss our second Degen Responsibly episode with @MorphoLabs on Twitter Spaces?
Don’t worry, we forgive you. You can listen on Spotify and learn:
- How Morpho works
- What makes them unique vs other lending protocols
- Related risks
Coming soon – trading on Exponential
Accredited investors will soon be able to invest in DeFi liquidity pools across major chains directly on our custodial platform.