Weekly Roundup – 2.24
By Exponential Team
Published Feb 23, 2023

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

 
Your diamond hands 💎 🙌 might work hard, but Weekly Roundup works harder. We’ve got the new pools, protocol reports, and risk ratings you need. See ya on the moon. 🌚
 
Don’t forget to hit ⭐ follow for news & alerts about your favorite pools.
notion image
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 champs are holding steady this week. 💪
 
  1. Yearn ETH Market Making - ⭐ Follow
  • APR ~10%
  • Exponential Risk Rating: B
  • Yield source: Trading fees from cbETH-ETH volume and Ethereum validator rewards
  1. Notional USD Market Making - ⭐ Follow
  • APR ~7%
  • Exponential Risk Rating: B
  • Yield source: Interest earned for lending DAI, trading fees from cDAI-fDAI, and NOTE rewards
  1. Lido ETH Staking - ⭐ Follow
  • APR ~5%
  • Exponential Risk Rating: A
  • Yield source: Ethereum validator rewards
  1. Yearn CRV Staking - ⭐ Follow
  • APR ~42%
  • Exponential Risk Rating: B
  • Yield source: Curve fee sharing and re-invested CRV rewards

Check out the MVPs here.

notion image
New kid on the blockchain. We review thousands of DeFi investments to find the most attractive pools for you. Don’t dive into these pools before checking the risk rating. 🤝
  1. OptyFi USD Market Making - ⭐ Follow
  • APR ~9%
  • Exponential Risk Rating: D
  1. IPOR USD Interest Rate Swaps - ⭐ Follow
  • APR ~30%
  • Exponential Risk Rating: B
  1. IPOR USD Interest Rate Swaps - ⭐ Follow
  • APR ~28%
  • Exponential Risk Rating: C
  1. IPOR USD Interest Rate Swaps - ⭐ Follow
  • APR ~32%
  • Exponential Risk Rating: B

Meet the new pools here.

notion image
Don’t degen too close to the sun. These pools have major red flags at the chain, protocol, or asset level, with a high likelihood of being exploited or failing. Stay safe out there. 😰
  1. Sonne USD Lending - ⭐ Follow
  • Exponential Risk Rating: D
  1. Vires USD Lending - ⭐ Follow
  • Exponential Risk Rating: F
  1. Yearn USD Market Making - ⭐ Follow
  • Exponential Risk Rating: F
  1. UwU USD Lending - ⭐ Follow
  • Exponential Risk Rating: F

Step into the danger zone if you must.

 
notion image
 
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.
  1. Tangible - offers the first-of-its-kind stablecoin that is backed by yield-generating, tokenized real estate
  1. Level - a native perpetuals exchange on BNB Chain with risk tranching for liquidity providers
 
 
notion image
Coinbase’s new rollup is all about that base. Top US crypto exchange, Coinbase, announced it is building a Layer 2 blockchain on Ethereum to provide its retail users with easy access to faster and cheaper transactions. The new rollup, Base, is an optimistic rollup based on Optimism’s code (“OP Stack”). Coinbase plans to become an active contributor to the OP Stack and donate a percentage of transaction fees to an Optimism-run grants program. Base is currently available for developers to start testing applications, with major DeFi players like Aave already actively building.
Fed cracks down on decentralized Ponzis. The US Department of Justice charged the four founders of Forsage, a decentralized crypto platform, for coding and deploying smart contracts that systematically carried out a Ponzi pyramid scheme on Ethereum, BNB, and Tron blockchains. Using blockchain data, prosecutors found that over 80% of investors on Ethereum received less ETH back than they invested, while over 50% never received a single payout. The case marks a significant development in the US government's crackdown on the cryptocurrency industry and underscores the need for regulatory actions in the DeFi space.
Endgame for DeFi is the tokenization of all assets. Swarm, a Berlin-based regulated exchange, is set to release the “first tradable stocks and bonds on DeFi” this week, which will allow retail and institutional investors to purchase and borrow crypto against tokenized stocks and bond ETFs, including tokenized Apple and Tesla stock and a pair of tokenized bond ETFs representing US treasuries. This move will stabilize an industry prone to boom and bust cycles by offsetting the high correlation of most crypto assets. However, regulators in the US are yet to provide clear guidelines for tokenized securities, which has hindered their availability.
 
notion image
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.