Weekly Roundup – 7.6
By Exponential Team
Published Jul 06, 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 worry — there are no orcas in these pools, just whales. 🐳
Dive on in and start earning.
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New Invest locations just dropped 👀
Hey Exponential users in Mexico, Switzerland, France, and the UK – welcome to 1-click DeFi investing. Exponential Invest’s beta is now available to you.

Join Beta

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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 ~56%
  • Exponential Risk Rating: B
  • APR ~17%
  • Exponential Risk Rating: B
  • APR ~22%
  • Exponential Risk Rating: B
  • APR ~44%
  • 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. METIS-WBNB (PancakeSwap-BNB Chain) 👑
  1. USDT-WETH 0.05% (Uniswap V3-Arbitrum)
  1. dQUICK-QUICK 0.01% (QuickSwap V3-Polygon)
  1. PEPE-WETH 0.3% (Uniswap V3-Ethereum)
Top DEXs by Weekly Volume (Weekly Change)
  1. mStable (+968%) 👑
  1. Swapr (+132%)
  1. PancakeSwap (+120%)
  1. xChange (+75%)
Top Chains by Weekly Volume (Weekly Change)
  1. BNB Chain(+101%) 👑
  1. Polygon (-3%)
  1. Avalanche (-9%)
  1. Fantom (-13%)
Source: Dune
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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.
Raft- a governance-minimized protocol that allows users to mint its R stablecoin by accepting liquid staking derivatives (LSDs) as collateral.
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Degen Responsibly returns next week
Join our chat with Notional on 7/10 @ 11 am ET. We’ll discuss how Notional enables fixed-rate lending in DeFi and its latest V3 upgrade that introduces a new variable-rate lending market.
Catch up on past episodes on Spotify, Apple Podcasts, or wherever you get your podcasts.
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dYdX launches public testnet for its V4 iteration. The leading derivatives exchange, dYdX, has announced the launch of its testnet for version 4 of its protocol, which features an on-chain order book and matching engine, addressing one of the main criticisms around the protocol’s centralized components. dYdX looks to achieve full decentralization by running parts of the app on a separate network with its own validators, thus allowing the order book to be stored on-chain.
Avalanche sees surge in on-chain activity amidst bear market. On-chain activity on Avalanche, a Proof-of-Stake (PoS) layer 1 blockchain, has more than doubled this year. The L1 chain has seen 60K daily active addresses in June, up from 25K at the start of the year. This spike in activity is likely driven by the popularity of protocols like Trader Joe, WooFi, and Stargate (check out our protocol reports to learn more).
Poly Network hacked again as hacker compromises multisig. Poly Network, a cross-chain bridging protocol known for suffering one of the largest DeFi exploits, has yet again suffered another major exploit. A hacker was able to compromise the team’s 3/4 multisig to mint an unlimited number of tokens out of thin air, including 10M BUSD and 10M BNB tokens on Metis network, 100T SHIB on Heco, and various tokens on Polygon, Avalanche, and BNB Chain. FYI, we’ve been ringing the alarms on bridge and multisig risks for a while now!

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.