Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)
Crypto.com Accelerate the... 04.04.2022 11:30
Terraform Labs introduces a revolutionary stablecoin liquidity pool. Wave Financial launches a new $100M liquidity fund on ADA. Single Finance’s Cronos dApp goes live.
APR 04, 2022
Key Takeaways
Do Kwon, CEO and founder of Terraform Labs, announced the launch of a revolutionary liquidity pool with major stablecoins UST, USDT, USDC, and FRAX.
Wave Financial is launching a US$100 million fund to offer liquidity for new DeFi platforms built on Cardano (ADA) ecosystem.
6S Capital, a commercial lender powered by MakerDAO (MKR), closed a real estate financing deal worth US$7.8 million for Tesla, the world’s leading electric vehicle company. Since March 2022, MakerDAO has been embracing real-world assets (RWAs) by integrating with under-collateralised lending protocols.
Single Finance (SINGLE), the first DeFi protocol offering USD-based capital-protecting strategies for leveraged yield farmers built on Cronos chain, has officially gone live with its dApp.
This week’s price, volume, and volatility indices were all positive at +17.52%, +82.55%, and +106.92%, respectively.
Highlights
Wombat Exchange raises US$5.25 million in Series A funding led by Animoca Brands and Hailstone Ventures
BNY Mellon to Custody Assets Backing Circle’s USDC stablecoin
Voltage Finance suffers US$4 million stablecoin theft
Crypto bridge Wormhole seeks US$2.5 billion price tag in private token sale
Cashio (CASH) hacker sets conditions to return stolen US$50 million
DeFi lender Inverse Finance (INV) exploited for US$15.6 million
Ola Finance says attackers stole U$4.7 million in ‘re-entrancy’ exploit
MetaMask rolls out Apple Pay integration and other iOS updates
DeFi Technologies subsidiary Valour surpasses US$274 million in AUM
Degis launches comprehensive DeFi insurance protocol on Avalanche
Hector Finance (HEC) announces the launch of its hotly anticipated cross-chain DEX
SynFutures nears U$1 billion in monthly trade volume on Polygon
Check the latest prices on Crypto.com/Price
Top Token Metrics
Metrics
Top 20 DeFi tokens market cap
Top 100 DeFi tokens market cap
Current
$110.6B
$140.98B
7-Day Change
+11.73%
+11.72%
14-Day Change
+19.28%
+21.65%
*Top DeFi tokens based on CoinGeckoSource: CoinGecko
DeFi Index Tokens
Metrics
Price
Volume
Volatility
Top Gainers
FXS (+99.42%)AAVE (+48.80%)JOE (+42.89%)
FXS (+694.82%)AAVE (+240.63%)COMP (+222.87%)
FXS (+364.18%)ANC (+318.18%)YFI (+294.64%)
Top Losers
–
SPELL (-12.32%)LDO (-0.07%)
SPELL (-39.24%)LDO (-11.80%)LINK (-6.74%)
Benchmark
ETH (+9.86%)
ETH (+28.81%)
ETH (+136.16%)
*DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
Notable Events
FXS topped the change metrics, likely linked to Do Kwon’s announcement on the revolutionary stablecoins liquidity pool.
AAVE has surged over 80% since its V3 launch.
DEX Metrics
Notable Events
DeFi sector TVL rises in general, as investors return to a bullish crypto market.
Source: Crypto.com