DeFi Pulse Farmer

DeFi Pulse released DeFi Pulse Farmer, top stories, developments, and trends from the past week in tandem with two key farming opportunities to keep an eye on.

It was a down week for DeFi, as the ecosystem’s total value locked (TVL) slid from $65B to $58.79B since this point last Saturday. On the bright side, this TVL has been holding firm above $50B in recent weeks, so that’s a pretty awesome activity floor if it is, in fact, our current activity floor!

• +1.3% of bitcoin’s entire monetary supply now exists as “wrapped” tokens on Ethereum. That’s not really surprising, of course, considering there are currently a myriad of ways to productively put your BTC to work in Ethereum DeFi. And it’s precisely these teeming opportunities that will make it so +10% of the entire bitcoin supply will be on Ethereum in the next 1-5 years. We’re calling it now!
• InstaDapp just completed a $10M funding round. The DeFi smart wallet suite makes the UX of interacting with DeFi a breeze, so this new raise forebodes the future: UX solutions are going to be increasingly popular and in demand as new users continue to come around to the possibilities of DeFi.
• Polygon and 0x deploy $10.5M warchest. The Ethereum-focused sidechain and the popular DEX protocol are using the new windfall in a bid to bring in new DeFi builders and users to Polygon’s PoS scaling solution. This solution has boomed in popularity lately as users have flocked to affordable and rapid DeFi transactions, so it will be interesting to see what happens when there are even more dapps available to use on the project!

Zooming out, let’s review the week’s best-performing DeFi tokens per usual. We just saw decent 7-day runs from KEEP (24%), BOND (+6%), and LDO (+4%), but beyond these assets, there was a whole lot of red on DeFi’s weekly price charts. In this span, the DeFi Pulse Index (DPI) dropped 24.58% to $302.93.

What is DeFi Pulse?

DeFi Pulse is a site where you can find the latest analytics and rankings of DeFi protocols. Their rankings track the total value locked into the smart contracts of popular DeFi applications and protocols. Additionally, they curate The DeFi List, a collection of the best resources in DeFi, and DeFi Pulse Farmer, a newsletter covering the latest news and opportunities in DeFi.

📰 INFO:

https://yieldfarmer.substack.com/p/defi-pulse-farmer-farm-the-newest