Weekly Roundup – 8.10 – Degens & Dragons on Galxe, Paypal’s new USD stablecoin, Lido ETH Staking’s A rating, and more
By Exponential Team
Published Aug 10, 2023

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

I get gains with a little halp from my frens…and Weekly Roundup. 🧑‍🤝‍🧑
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Hear ye, hear ye! Our new rewards campaign, Degens and Dragons, is LIVE on Galxe. Complete the quests to unlock digital collectibles that earn you exclusive rewards like discounted transactions on our new DeFi investment platform and, of course, bragging rights.
Users that earn the King of DApps unlock 25% off transaction fees through the end of the year.
Users that earn the DeFi Dragon unlock 50% off transaction fees through the end of the year.
Users that earn the Lord of the Degens unlock 90% off transaction fees through the end of the year.*
Think you got what it takes to be the top Degen in the whole realm?

Join Galxe quest

**The transaction fee is 0.2%. Discount will be applied as a rebate credited to users’ Exponential account each month.**
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Exponential is the smart and easy way to earn yield on your crypto
Invest is now available in 40 countries across every continent 🎉. Check if 1-click DeFi investing is live for you:

Start earning

Stay tuned for updates. Even more countries are coming soon!
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Our featured pool this week is Lido ETH Staking. This is one of the few pools that earned an A rating from us because their smart contracts are some of the most battle-tested and audited in DeFi. Yield is generated from staking rewards for participating in the Ethereum proof of stake mechanism to validate blockchain transactions. This pool is great for investors who want long exposure to ETH while still remaining liquid and want a low risk of losing their funds.

Invest in Lido ETH Staking

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Navigating the stablecoin landscape How stable are stablecoins? With a $120B+ market cap, they’re one of the most important parts of DeFi, but come with some big tradeoffs. Our new blog breaks down the Stablecoin Trilemma & compares giants like USDT, USDC, LUSD, DAI & FRAX.
Check it out here & let us know your preferred choice of stablecoin for a chance to win 200 USDC funded to your Exponential Invest account!
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Weekly DeFi alpha 🧠
  • PayPal launches their own USD stablecoin, which might make on/off ramping easier.
  • The fed wants to have a little more oversight of banks’ crypto activities.
  • Coinbase launches its L2 Base Mainnet with $142M already on its network.
Major exploits 🚨
  • One of Goldfinch’s real-world asset lending pools defaulted on a $5m loan, or 4% of Goldfinch TVL, making the protocol insolvent.
Other news 🌎

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.