what is defi?

UST depegged after US$285M sell-off but quickly regains peg. Uniswap reports deeper liquidity on multiple Ethereum pairs than leading centralised exchanges. Cronos Ecosystem Grants Program announces third batch of grant recipients.

Key Takeaways The world’s third largest DeFi protocol by total value locked (TVL), Anchor Protocol (ANC), has lowered the UST earn rate from 19.4% to 18.0% annual percentage yield (APY) since 1 May 2022. Also, a proposal to roll out voting escrow ANC (veANC) has been approved. Terra’s UST depegged after a massive US$285 million sell–off on Curve Finance (CRV) and leading centralised exchange. It was soon stabilised and back to peg. Meanwhile, Luna Foundation Guard (LFG) has added another US$ 1.5 billion of Bitcoin (BTC) to its UST reserves. Uniswap V3 (UNI) is reported to have deeper liquidity in multiple Ethereum (ETH) pairs than leading centralised exchanges by about 2x or more. Cronos Ecosystem Grants Program announced th

Crypto: How To Estimate A Risk And Take A Profit?

Stablecoins: Shocking UST News! USDC And Twitter (TWTR), (SOL) Solana Crypto Wallet For Android

Crypto.com Accelerate the... Crypto.com Accelerate the... 26.04.2022 12:51
Terra’s UST has become the third-largest stablecoin. Bastion Protocol on the NEAR blockchain closes a US$9M Series A funding round. Orbit Network a stablecoin lending protocol announces its incubation under Cronos labs. APR 25, 2022     Key Takeaways  Terra’s UST flips BUSD to become the third-largest stablecoin. Meanwhile, Tron’s Justin Sun announced the launch of algorithmic stablecoin USDD backed by TRX. Bastion (BSTN), the largest DeFi protocol on the NEAR blockchain, has closed a US$9 million Series A funding round on heels of its impending token launch. MetaMask warns Apple users over an iCloud phishing attack, which has recently caused a user to lose about US$650,000. Also, it launched its first hardware wallet integration with Keystone. Orbit Network, a decentralised stablecoin lending protocol, announced that it is incubated under Cronos Labs. This week’s price and volatility indices were negative at -4.21% and -3.69%, respectively, while the volume index was positive at +27.04%. Highlights MetaMask, Ethereum DApps down as Infura suffers outage Twitter to test out Stripe’s newly added support for USDC payments Net Zero protocol receives Chainlink (LINK) grant to build on-chain geospatial pollution data service MakerDAO (MKR) to integrate StarkNet to cut DAI transaction costs US$19.2 billion in staked assets — Liquid staking solution Lido (LIDO) set to surpass Curve (CRV)’s total value locked Frax (FXS), Terra-backed ‘4pool’ went live on Fantom network, attracts US$31 million Derivatives exchange dYdX (DYDX) to become ‘100% decentralised by end of year’ Solana (SOL) crypto wallet ‘Phantom’ launches on Android Hacker ‘self-destructs’ US$1 million loot gained from DeFi exploit Stargate Finance (STG) tumbles after launching staking platform Uniswap (UNI) blocks cryptographic wallets linked to crime KyberSwap (KNC) launches on BitTorrent chain with US$1.5 million in liquidity mining and incentive rewards Check the latest prices on Crypto.com/Price Top Token Metrics     DeFi Index Tokens     Notable Events Curve Finance (CRV) published an elevated earning which was 100% higher than the average of the past weeks. Convex Finance (CVX) has locked over 200 million units of CRV. Compound (COMP) has been cooling down after its Robinhood listing. Anchor protocol (ANC) passed a proposal to redirect remaining ANC airdrops to the community pool. DEX Metrics     Tags CRYPTO CRYPTO.COM RESEARCH CRYPTOCURRENCIES DEFI UPDATE MARKET Source: crypto.com
Crypto: How To Estimate A Risk And Take A Profit?

Terra (LUNA), Uniswap (UNI) And Cronos News | crypto.com: "Weekly DeFi Update (Week 18, 02/05/2022 – 08/05/2022)"

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.05.2022 10:23
UST depegged after US$285M sell-off but quickly regains peg. Uniswap reports deeper liquidity on multiple Ethereum pairs than leading centralised exchanges. Cronos Ecosystem Grants Program announces third batch of grant recipients. Key Takeaways The world’s third largest DeFi protocol by total value locked (TVL), Anchor Protocol (ANC), has lowered the UST earn rate from 19.4% to 18.0% annual percentage yield (APY) since 1 May 2022. Also, a proposal to roll out voting escrow ANC (veANC) has been approved. Terra’s UST depegged after a massive US$285 million sell–off on Curve Finance (CRV) and leading centralised exchange. It was soon stabilised and back to peg. Meanwhile, Luna Foundation Guard (LFG) has added another US$ 1.5 billion of Bitcoin (BTC) to its UST reserves. Uniswap V3 (UNI) is reported to have deeper liquidity in multiple Ethereum (ETH) pairs than leading centralised exchanges by about 2x or more. Cronos Ecosystem Grants Program announced the third batch of grant recipients, which include a few DeFi projects, such as Argo Finance. This week’s price and volume indices were negative at -7.04% and -9.75%, respectively, while the volatility index was positive at +38.89%. Highlights Curve Finance (CRV) integrates with Near’s Aurora Network. Terra’s LUNA declines 10% amid UST depegging concern Hacked crypto platform offers ‘No Questions Asked’ US$10 million bounty for stolen funds Total investment in Syndicate DAO tops US$28 million after latest funding round Jane Street dives into DeFi with US$25 million USDC loan Lido (LDO) briefly becomes top DeFi protocol by TVL with US$20 billion staked Juno’s DAO votes to confiscate US$35 million in tokens from whale in messy dispute ’Revolution’ promised by Tron’s Justin Sun looks like clone of Terra’s algorithmic stablecoin Ribbon Finance (RBN) gives half its protocol revenue to stakers Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche Tron DAO buys US$39 million worth of TRX as reserves for its USDD stablecoin whose circulating supply has exceeded US$200 million Polkadex has won the 16th Polkadot’s parachain slot Cardano’s first eUTxO cross-chain decentralised exchange goes live on public testnet Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $72.41B $92.35B 7-Day Change -12.73% -11.70% 14-Day Change -20.83% -20.67%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers CRV (+12.63%)UNI (+0.28%)FXS (+0.07%) ANC (+161.57%)FXS (+101.52%)CRV (+22.22%) ANC (+316.91%)FXS (+207.72%)SPELL (+141.28%) Top Losers VVS (-18.62%)MKR (-17.88%)LDO (-14.20%) CAKE (-50.98%)SNX (-41.55%)AAVE (-33.17%) LDO (-89.80%)SNX (-44.24%)CAKE (-43.75%) Benchmark ETH (-10.30%) ETH (+2.43%) ETH (+47.01%)       *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 CRV jumped as institutional capital flows in.     Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES DEFI Source: crypto.com

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