Weekly Roundup – 7.27
By Exponential Team
Published Jul 27, 2023

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

🎵 Don’t go chasing wild yields
Please stick to the best risk-reward pools and protocols
We recommend to you 🎶
 
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New Invest locations just dropped 👀
Big news – Exponential Invest is now available in 40 countries across every continent 🎉. Check if 1-click DeFi investing is live for you:

Join Beta

 
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This week, we’re featuring the Benqi AVAX Staking pool, which generates yield from Proof-of-Stake validators who process blockchain transactions. AVAX is the native currency used for gas fees and security on the Avalanche network. Avalanche is a highly scalable Layer 1 blockchain that supports various applications like DeFi, NFTs, and gaming. By staking AVAX via Benqi, you retain the liquidity of your funds and help to secure the network while receiving rewards in return.

Invest in Benqi AVAX

 
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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 ~27%
  • Exponential Risk Rating: A
  • APR ~30%
  • Exponential Risk Rating: B
  • APR ~21%
  • Exponential Risk Rating: B
  • APR ~17%
  • Exponential Risk Rating: B

Check out the MVPs.

 
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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. USDC-USDT (Maverick-Ethereum) 👑
  1. WETH-wstETH 0.01% (Uniswap V3-Ethereum)
  1. LINK-WETH 0.3% (Uniswap -Ethereum)
  1. USDT-WBNB (PancakeSwap-BNB Chain)
Top DEXs by Weekly Volume (Weekly Change)
  1. Xchange (+192%) 👑
  1. GMX (+181%)
  1. Rubicon (+69%)
  1. Ellipsis (+49%)
Top Chains by Weekly Volume (Weekly Change)
  1. Avalanche (+17%) 👑
  1. Ethereum (-30%)
  1. Optimism (-32%)
  1. Gnosis (-34%)
Source: Dune
 
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Catch up on our latest chat with Raft
In the latest Degen Responsibly, we discuss how Raft’s R stablecoin leverages LSDfi to create more capital-efficient stablecoins!
Listen here, and share your thoughts with us at @ExponentialDeFi.
 
Catch up on past episodes on Spotify, Apple Podcasts, or wherever you get your podcasts.
 
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Weekly DeFi alpha 🧠
  • MakerDAO proposes to boost Dai Savings Rate (DSR) to 8%
  • Avalanche allocates $50M fund to promote tokenization of real-world assets (RWAs)
 
Major exploits 🚨
  • EraLend exploited for >$3M on zkSync Era
  • Conic loses >$3M in two separate hacking events
 
Other News 🌎
  • Bank of Italy partners with Polygon to explore DeFi use case
  • Worldcoin launch greeted with skepticism by community
  • Atlendis lands $1M loan from French National Bank
 

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.
This week, we’re featuring the Benqi AVAX Staking pool, which generates yield from Proof-of-Stake validators who process blockchain transactions. AVAX is the native currency used for gas fees and security on the Avalanche network. Avalanche is a highly scalable Layer 1 blockchain that supports various applications like DeFi, NFTs, and gaming. By staking AVAX via Benqi, you retain the liquidity of your funds and help to secure the network while receiving rewards in return.