Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
Fitness goals off to a slow start? Weekly Roundup is here to whip you into shape. Your drills this week include 4 pool ratings 3x, 1 protocol report 2x, and a podcast episode cool down. No cheat days. 💪
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. ETH staking is the hot topic, but don’t sleep on Benqi’s liquid staking derivative for AVAX — up to 9% APR. 😋
- APR ~9%
- Exponential Risk Rating: B
- Yield source: Avalanche validator rewards
- APR ~25%
- Exponential Risk Rating: B
- Yield source: Trading fees from cvxCRV-CRV volume and protocol incentives
- APR ~8%
- Exponential Risk Rating: B
- Yield source: cbETH trading volume on Ethereum
- APR ~40%
- Exponential Risk Rating: B
- Yield source: Curve fee sharing and re-invested CRV rewards
Check out the MVPs here.
New kid on the blockchain. We review thousands of DeFi investments to find the most attractive pools for you. We got two 10s for you this week. 🏅
- APR ~10%
- Exponential Risk Rating: B
- APR ~16%
- Exponential Risk Rating: C
- APR ~4%
- Exponential Risk Rating: C
- APR ~10%
- Exponential Risk Rating: C
Meet the new pools here.
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. Behave. 😇
- Exponential Risk Rating: F
- Exponential Risk Rating: F
- Exponential Risk Rating: F
- Exponential Risk Rating: F
Step into the danger zone if you must.
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 have deep dives on USD+ and multiBTC.
- multiBTC - a bridged derivative of BTC issued by Multichain on Ethereum
Did you ghost us?! 👻
ICYMI – we caught up with Jared Hedglin from Gearbox Protocol about leverage and all things Gearbox on the latest episode of Degen Responsibly.
Listen to past episodes on Spotify, Apple Podcasts, or wherever you get your podcasts.
Is Genesis the last major domino to fall? The institutional crypto brokerage may be nearing bankruptcy filing given its exposures to failed exchange FTX and crypto fund Three Arrow capital. Reports indicate Genesis is in confidential discussions with various creditors but could seek bankruptcy protection if it fails to raise capital.
Perpetual exchanges reach new ATH milestones. Since launching V2 on Optimism back in December, the Synthetix perpetuals exchange has seen daily active users (DAUs) spike from 2,300 per day to 5,800 (as of January 9, 2023). Another major perpetuals player, GMX, saw a record amount of fees generated for GMX stakers (as of January 8, 2023).
New Head Sushi Chef touts upcoming major changes. Sushi CEO Jared Grey laid out a new roadmap for the coming year, including the development of a new DEX aggregator (set to launch in 1Q), a decentralized incubator (Sushi Studios), and “several stealth projects.” These changes are expected to 10x the exchange’s market share, where currently it commands ~2% of the AMM market and 0% of the aggregation market.
Coming soon – investing on Exponential
Accredited investors will soon be able to invest in DeFi liquidity pools across major chains directly on our custodial platform.