Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
As the turkey roasts and the pies bake, why not spice up your Thanksgiving with a side of DeFi wisdom? Tuck into this week's edition while sneaking away from the family chaos. 🍗🥧
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Our featured pool this week is Orca SOL Market Making. This opportunity works well for investors who want long exposure to SOL while earning yield. Risks include SOL price impact and multiple smart contract dependencies. The current yield (~6% APY) consists of trading fees from the buying and selling of two types of staked SOL assets.
Learn more about Orca SOL Market Making
- APR ~2%
- Exponential Risk Rating: B
- APR ~207%
- Exponential Risk Rating: B
- APR ~6%
- Exponential Risk Rating: C
- APR ~64%
- Exponential Risk Rating: C
New protocol reports
Keeping up with Protocols is tough – let us help. Our team finds the most interesting protocols that should be on your radar and breaks down what you need to know.
Jito - the first liquid staking service on Solana that distributes MEV rewards to holders
Weekly DeFi alpha 🧠
- Solana is seeing its best month to date as all on-chain metrics are trending up, led by an all-time high in DEX volume in November
- New Layer 2 network, Blast, draws in $100M of ETH and DAI deposits since unveiling its airdrop program
- Pyth oracle provider goes live with $75M airdrop for DeFi users
- New staker demand is softening for Ethereum as validators are now lining up to exit the beacon chain
- THORChain volume surges to make it third most active DEX after enabling ‘streaming swaps’
Major exploits 🚨
- dYdX’s V3 markets was hit by a targeted attack linked to YFI price manipulation that drained $9M from the protocol’s insurance fund
- Huobi’s Heco bridge exploited for $87M due to compromised hot wallets
Other news 🌎
- Ex-Binance CEO looks to spend more time investing in DeFi startups after stepping down
- Polkadot plans to undergo a major fundamental shift to allow app developers to rent block space as needed
- Tether freezes $225M worth of USDT after an investigation by DOJ
- Modular versus monolithic blockchain debate heats up amid recent surge in Solana activity
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