Weekly Roundup – 6.22
By Exponential Team
Published Jun 22, 2023

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

The market is up, and so are the vibes 😎. Check out our newest pool ratings to see what gains are up for grabs.
 
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Exponential Invest is here
Great news - we’re opening up our new investing platform to select US-based investors*. Exponential Invest is the new way to access DeFi, without worrying about seed phrases, cross-chain bridges or gas fees.
Click the link below to join our private beta.

Join Beta

*Supported states: CA, CO, DE, IL, IN, KS, MA, MO, MT, NE, NH, NJ, ND, PA, TN, UT, VA, WI, WY
 
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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.
  • APR ~57%
  • Exponential Risk Rating: B
  • APR ~25%
  • Exponential Risk Rating: B
  • APR ~24%
  • Exponential Risk Rating: B
  • APR ~17%
  • Exponential Risk Rating: B

Check out the MVPs.

 
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New kid on the blockchain. We review thousands of DeFi investments to find the most attractive pools for you.
  • APR ~6%
  • Exponential Risk Rating: D
  • APR ~5%
  • Exponential Risk Rating: C
  • APR ~5%
  • Exponential Risk Rating: B
  • APR ~21%
  • Exponential Risk Rating: B

Get to know the new pools.

 
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These pools are coming in hot 🔥. Our new DEX Dash looks at the top 500 cross-chain DEX pools by volume (weekly/monthly/yearly) to analyze if it is trending positively, negatively, or neutral so you can stay ahead of the curve.
Top Trending Pairs (by L7D volume)
  1. USDT-WETH 0.05% (Uniswap V3-Ethereum) 👑
  1. bb-a-DAI-bb-a-USDC (Balancer-Ethereum)
  1. USDT-WETH 0.05% (Uniswap V3-Arbitrum)
  1. ARB-WETH 0.05% (Uniswap V3-Arbitrum)
Top DEXs by Weekly Volume (Weekly Change)
  1. Rubicon (+379%) 👑
  1. mStable (+344%)
  1. Balancer (+195%)
  1. Equalizer (+128%)
Top Chains by Weekly Volume (Weekly Change)
  1. Gnosis (+570%) 👑
  1. Ethereum (+23%)
  1. Optimism (+14%)
  1. Avalanche (-1%)
Source: Dune
 
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Degen Responsibly is back next week!
Join our chat with Angle on 6/27 @ 11 am ET. We’ll discuss the protocol’s recent V2 upgrade and new peg stability features.
Catch up on past episodes on Spotify, Apple Podcasts, or wherever you get your podcasts.
 
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New protocol reports
Keeping up with Protocols is tough – let us help. Our team finds the most interesting protocols that should be on your radar and breaks down what you need to know.
EigenLayer - a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security
 
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BNB Chain’s layer 2 network goes live on testnet. BNB Chain has launched a new layer 2 network called opBNB on testnet. The network is based on Optimism’s OP Stack and uses optimistic rollups to scale transactions and lower fees. opBNB is compatible with the Ethereum Virtual Machine (EVM) and can support over 4,000 transfer transactions per second with an average transaction cost lower than $0.005. The team is seeking feedback from validators and dApp developers.
 
Polygon’s main chain to become ZK compatible. Polygon has released a pre-proposal to make its Proof-of-Stake (PoS) chain compatible with zero knowledge (ZK) technology. The upgrade would turn the main chain into a zkEVM validium, an EVM-compatible layer 2 chain that uses an off-chain data availability model. Polygon also has a ZK rollup, which launched in March. The upgrade would enhance the security, scalability, and performance of the blockchain, according to Polygon co-founder Mihailo Bjelic. The proposal is part of the Polygon 2.0 roadmap to build a unified multichain ecosystem of ZK-secured networks.
 
Curve expands collateral assets for crvUSD stablecoin. Curve wants to expand the collateral assets for its crvUSD stablecoin beyond Ethereum liquid staking tokens. It has proposed to add wBTC as a collateral asset with a $200M debt ceiling and an 89% loan-to-value ratio. Voting ends on June 25. Curve also proposed to add native ETH as a collateral asset with a $200M debt limit on Sunday. Curve launched crvUSD in May and initially supported Frax’s sfrxETH as collateral. It added Lido’s stETH two weeks ago. crvUSD maintains its peg with over-collateralization, Stability Pools, and PegKeepers. Revisit our thread for a refresher on how crvUSD works!
 

Disclaimer: This material is the property of Exponential DeFi. This material is for informational purposes only and is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations (iii). No representation or warranty is made, expressed or implied, with respect to the accuracy or completeness of the information or to the future performance of any digital asset, financial instrument, or other market or economic measure. The information is believed to be current as of the date indicated on the materials. Recipients should consult their advisors before making any investment decision. Certain links that may be provided in the materials are provided for convenience and do not imply Exponential’s endorsement or approval of any third-party websites or their content.