Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
Mirror mirror on the wall, who’s the biggest Degen of us all? Not our Weekly Roundup readers, that’s for sure. 😉
Don’t forget to hit ⭐ follow for news & alerts about your favorite pools.
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. We’ve got ANOTHER A-rating as Compound enters the chat. 🅰️
- APR ~4%
- Exponential Risk Rating: A
- Yield source: Interest earned for lending ETH
- APR ~8%
- Exponential Risk Rating: B
- Yield source: Trading fees from agEUR-EUROC, and CRV rewards
- APR ~5%
- Exponential Risk Rating: A
- Yield source: Ethereum validator rewards
- APR ~39%
- 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. Let’s get to know these newbs. 👋
- APR ~18%
- Exponential Risk Rating: D
- APR ~2%
- Exponential Risk Rating: A
- APR ~6%
- Exponential Risk Rating: C
- APR ~5%
- Exponential Risk Rating: C
Get to know our new pools.
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. Truly a pool only a mother could love. 😵💫
- Exponential Risk Rating: D
- 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 reviewing Aura, which has a simplified onboarding process thanks to its tokenized wrapper of BAL. 😎
Degen Responsibly is back with a bag full of LSD (liquid staking derivatives)
Join us and Rocket Pool, the decentralized ETH staking protocol, on 3/15 @ 5 pm ET to talk about liquid staking and how they are helping decentralize Ethereum.
- Claim your attendance NFT here
Listen to past episodes on Spotify, Apple Podcasts, or wherever you get your podcasts.
Crypto bank plunges following delayed annual filing. Several crypto companies, including Coinbase, Crypto.com, Gemini, and Circle, are cutting ties with Silvergate, a crypto-friendly bank after it delayed filing its annual 10-K report with the Securities and Exchange Commission (SEC). The bank's stock price fell >50% as it disclosed that its financial health could be worse than previously reported. Investors, including George Soros' hedge fund, have been betting against Silvergate, and Congress has questioned its role in the collapse of crypto exchange FTX. The Department of Justice is also investigating the bank's relationship with FTX.
Ethereum staking withdrawals are delayed until April. Ethereum's highly anticipated Shanghai upgrade, which will allow for the withdrawal of staked ETH, has been pushed back to the first two weeks of April. The upgrade was originally planned for March, but developers now plan to launch the Goerli testnet in mid-March as a comprehensive dress rehearsal. The exact timing of the upgrade has significant financial implications, as staked ETH rewards have accumulated to $28.7B since ETH staking began in December 2020. The core component of the upgrade will make it possible for Ethereum users to withdraw their staked ETH, which is currently unavailable.
The future of decentralized identity service is here. Popular scaling solution for Ethereum, Polygon, has launched a decentralized identity (ID) service powered by zero-knowledge proofs (ZKPs), a type of cryptography used to preserve privacy on-chain. The service allows users to verify their identity without publicly exposing sensitive information and aims to provide a solution for KYC checks that are becoming increasingly commonplace in the web3 ecosystem. The launch partners of Polygon ID include Collab. Land, The Sandbox, Fractal, and Kaleido. Polygon allocated $1B towards ZK development in August 2021, and zkEVM should launch its public mainnet on March 27.
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.