Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
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.
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 MVPs remain undefeated this week. 🏅
- 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. This week, meet WOOFi. 🤝
- APR ~4%
- Exponential Risk Rating: C
- APR ~2%
- Exponential Risk Rating: C
- APR ~21%
- Exponential Risk Rating: D
- APR ~12%
- Exponential Risk Rating: D
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. Heads up – WOOFi’s Supercharger vaults are uncollateralized, as the pool manager can borrow up to 90% of your assets with no collateral. 🙀
- Exponential Risk Rating: F
- Exponential Risk Rating: F
- Exponential Risk Rating: D
- 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’re getting to know Radiant and WOOFi a little better. 🕵️
- Radiant - aims to be the first cross-chain money market (currently live on Arbitrum)
- WOOFi Earn - 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. 👀
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.