Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.

Weekly Roundup – 1.27

Got trust issues? Us too. That’s why we keep our wallet close and our Weekly Roundup closer. BTW – did you know you can subscribe to alerts about your favorite pools? Hit the ⭐ follow links below, so you don’t miss a thing. 

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’re getting to know Radiant and WOOFi a little better. 🕵️

 - aims to be the first cross-chain money market (currently live on Arbitrum)

 - an automated vault for you to passively earn competitive yield on a single asset

Next episode of Degen Responsibly — Feb 6 @ 11 am ET

Angle Labs is joining us to talk about euro stablecoins, why they are needed, and how Angle is leading the charge with a decentralized solution.

Layer 2 adoption continues to grow – but is it just a fad?

 Optimism, a Layer 2 scaling solution for Ethereum, has seen its native OP token hit a new ATH amid the current market rally. Taking into account the total supply of the token, Optimism has a fully diluted valuation (FDV) of ~$10B at current prices (v.s. a market cap of only ~$500M). Meanwhile, transaction volumes on the network have recently plummeted (down nearly 75% since peaking at ~800K daily transactions on Jan 12th) after it ended its “learn-to-earn” incentives program last week. Whether or not this trend is sustainable, we prefer not to FOMO at these levels.

Are high-inflation tokens the new trend in 2023?

Decentralized perpetuals exchange dYdX saw its native token, DYDX, soar after its foundation announced it will delay a scheduled unlock of 130M tokens worth ~$300M by 10 months. This next unlock is expected to increase the token’s total supply by 88% and was on track to increase by >200% in 2023 alone. While this is an incremental positive (with the next unlock now slated for Dec 1st), we are seeing an interesting trend with other high-inflation tokens, including OP, AXS, and SAND, also outperforming the broader crypto market.

Solana DeFi still hanging on for dear life.

Mango Markets, once one of the largest decentralized exchanges on Solana, is pushing to relaunch the project following its exploit by crypto trader Avraham Eisenberg. This launch may come with little to no fanfare as Solana's total value locked (TVL) has dropped >70% since Nov 1st, days before the FTX collapse. Founder Daffy Durairaj also pledged to proceed with the relaunch despite the U.S. SEC alleging the project’s native token, MNGO, is a security. The new upgrades are expected to resolve the issues that led to Eisenberg’s exploits. Be on the lookout next week for our in-depth blog on lending market risks. 👀

Accredited investors will soon be able to invest in DeFi liquidity pools across major chains directly on our custodial platform.