Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.
Were you caught holding the bag? We’re not mad, just disappointed, my dear degen. ☝️
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Our featured pool this week is Yearn USD Market Making. This opportunity acts as a high-risk, savings account denominated in USD and works well for investors who want stablecoins pegged to USD. Risks include multiple smart contract dependencies and exposure to centralized fiat stablecoins. Your yield comes from earning protocol incentives and fees investors pay when trading between hyUSD and eUSD stablecoins on Ethereum. The yield can change depending on transaction volume and value.
Invest in Yearn USD Market Making
New kid on the blockchain. We review thousands of DeFi investments to find the most attractive pools for you.
- APR ~21%
- Exponential Risk Rating: C
- APR ~14%
- Exponential Risk Rating: B
- APR ~42%
- Exponential Risk Rating: C
- APR ~7%
- Exponential Risk Rating: C
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.
Aerodrome - an AMM designed to serve as Base's central liquidity hub, combining a liquidity incentive engine and vote-lock governance model
New asset reports
We help you stay up-to-date with new and popular assets (as well as some hidden gems) so you can invest more wisely.
hyUSD - a decentralized stablecoin that provides convenient access to DeFi yields, enabling holders to earn passive income on their dollars
eUSD - a decentralized stablecoin that is fully backed by yield-generating stablecoins deposited in Aave and Compound
Explore our Degen Responsibly podcast series
Interested in learning more about the latest developments and innovations in DeFi? Don’t miss our Degen Responsibly podcast. We have hosted insightful discussions with some of the top protocols in the space, including @MorphoLabs, @raft_fi, @AngleProtocol, @pendle_fi, @indexcoop, @Rocket_Pool, and more!
You can now find all our episodes, along with transcripts, on our brand new page: degenresponsibly.com
Weekly DeFi alpha 🧠
- Circle begins rollout of native USDC on Polkadot
- Base overtakes Solana in TVL as on-chain activity remains strong
- Alt-Layer 1s are migrating to the Ethereum ecosystem as Layer 2s
- Centrifuge is launching real-world asset (RWA) liquidity pool on popular Layer 2 testnets
- DeFi yield aggregator votes to shut down amidst bear market
Major exploits 🚨
- Balancer’s frontend hijacked resulting in >$200K funds stolen
- Discord trading bot shuts down after critical exploit
Other news 🌎
- Fed opted to maintain interest rates at current levels due to increased credit concerns and slower job market
- PayPal announces rollout of its PYUSD stablecoin to all Venmo users
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.