DeFi Weekly | Coinbase joins the DeFi Alliance The total locked value of DeFi exceeds 100 billion

1. The total market value of DeFi: 107.879 billion US dollars

DeFi total market capitalization Data source: Coingecko

Top 10 coins by market capitalization

2. Trading volume on decentralized exchanges in the last 24 hours: $3.47 billion

Source of trading volume data on decentralized exchanges in the past 24 hours: Debank

Data: The TVL of the entire network's DeFi protocol fell below 40 billion US dollars, a new low since February 11, 2021: Jinse Finance reported that according to DefiLlama data, the TVL of the entire network's DeFi protocol fell below 40 billion US dollars again yesterday, hitting a record low of 2021. The lowest since March 11. Previously, the data quickly rebounded to around US$42 billion after falling below US$40 billion for a short time on November 23. [2022/12/18 21:52:33]

3. The total amount of loans on DeFi lending platforms: 15.61 billion US dollars

DeFi lending platform total borrowing data source: Debank

The rise in the price of ETH pushed the total lock-up volume of DeFi back above $120 billion: Jinse Finance reported that according to the latest data from DeBank, the total lock-up volume of DeFi has returned to above $120 billion, and it was $123.27 billion at the time of writing (net lock-up volume of $91.77 billion). The last time the total lock-up volume of DeFi was above 120 billion US dollars was May 13, and then fell due to market shocks. Now, with the recovery of the price of Ethereum, the lock-up volume of DeFi has also increased. According to CMC data, the price of ETH is $3,760.50, up 10.9% in 24 hours. [2021/9/2 22:53:46]

4. Assets locked in DeFi: $59.17 billion

The average increase of the DeFi concept sector today is 0.86%: Jinse Finance and Economics shows that the average increase of the DeFi concept sector is 0.86% today. Among the 47 currencies, 22 rose and 25 fell, among which the leading currencies were: YFV (+30.64%), PEARL (+19.51%), and UMA (+17.03%). The leading currencies are: REP (-14.48%), FOR (-9.14%), TRB (-6.94%). [2021/4/11 20:06:52]

Top 10 rankings of assets locked in DeFi projects and locked positions, data source: Debank

Algorithmic Stablecoin Fei’s First Governance Vote Has Been Opened

On April 11th, the first governance vote for the algorithmic stablecoin Fei has started. Holders of the governance token Tribe will vote to decide how to adjust the exchange rate of PCV. The three options are 1, 0.9 and remain unchanged. At present, 54.26% of the votes support adjusting the PCV exchange rate to 1.

Encode Club founder: Due to double counting, the real total locked value of DeFi may only be 3.5 billion US dollars: On August 17, Encode Club founder Damir Bandalo said on Twitter that he counted the top 15 DeFi protocols, and the actual total DeFi total The lock-up value may only be 3.5 billion US dollars.

Because of the composable nature of DeFi, it is difficult to count its real lock-up value. For example, ETH is deposited into MakerDAO and then minted into DAI. DAI can go to Curve.Finance and put into ycurve. In this way, the locked value is calculated multiple times. Specifically, ETH is deposited into MakerDAO and calculated once; DAI is deposited into ycurve and calculated again; when entering ycurve, the ytokens used come from iearn.finance, which is the third time; currently ytokens do not have a real conversion yield , but deposit it into Aave, this is the fourth time; if you put ycrv into Uniswap again, this is the fifth time. [2020/8/17]

The YFI core developer proposal proposes to extract the ETH owned by the FEI protocol from Uniswap

Huobi University Yu Jianing: ETH2.0 and DeFi are coming. The digital asset market contains huge wealth opportunities: Recently, the price of Bitcoin has risen strongly, breaking through $12,000 at one point, reaching its highest point in a year. While Bitcoin soared, ETH2.0 (Ethereum 2.0) and DeFi (distributed finance) rose rapidly, becoming the new frontier of the blockchain industry. As for Ethereum, which is newly positioned as a "global settlement layer", digital finance will become its main ecosystem, and Defi is one of the most important business forms.

Yu Jianing, president of Huobi University and an authoritative blockchain expert, said that global blockchain technology innovation and business model innovation have accelerated significantly, and the new generation of public chains represented by ETH2.0 will drive infrastructure upgrades, and new businesses such as DeFi Driven by this, the rapid development of ecology has become a new outlet in the industry and will also bring new opportunities for wealth. See the original link for more details. [2020/8/4]

Banteg, the core developer of Yearn.Finance, put forward an executable proposal to extract the ETH owned by the protocol from Uniswap and put it into the ETH yVault, making FEI redeemable. Based on current collateral, the redeemable value of each FEI is $1.9147.

Sushi protocol v3 version MIRIN combines exchange, options and loans into one contract, adding multiple functions to improve capital efficiency

According to the github code base released by levx.eth, the core developer of the Sushi protocol, the Sushi Protocol v3 upgraded version of MIRIN will make a series of improvements to AMM, including Deriswap, which improves capital efficiency, and combines exchange, options and loans in a single capital-efficient platform. contract, allowing any two assets to interact; each trading pair on MIRIN has a public pool and multiple licensed pools, and the public pool supports standard exchange fees (0.3% fee is charged, of which 0.1% is held by xSUSHI By). The franchise pool supports third-party transactions to be managed according to user participation parameters, and can choose to provide additional native governance tokens to liquidity providers and set custom transaction fees; supports one-click addition and removal of ETH and single token flows One-click migration of liquidity from Uniswap and Balancer (under development); two new LP curves, a mixture of arbitrarily weighted constant product and constant product + sum models, are added for the creators of liquidity pools to choose, thus providing Maximize capital efficiency for new pools; yield rebalancing powered by K3PR.

Curve has launched a proposal vote on adding LUSD:3Pool Metapool

Curve Finance tweeted that the voting on the proposal to add LUSD:3Pool Metapool has started, and the voting will end on April 13, and veCRV holders can participate in the voting.

Compound’s locked-up volume exceeded $10 billion, a record high

According to the latest data, the DeFi lending agreement Compound has hit a record high of US$10 billion. When this article was written, it was US$10.07 billion. Today, Compound founder Leshner tweeted that the supply of Compound has exceeded 15 billion US dollars, about 15.625 billion US dollars, and the top three tokens in terms of current supply are ETH, DAI, and USDC. In addition, the total lock-up volume of DeFi has also exceeded US$83 billion, a record high. According to DeBank data at the time of writing, it was US$83.11 billion, and the net lock-up volume was US$58.31 billion.

Kava has completed the mainnet upgrade and supports HARD Protocol cross-chain money market floating rate lending

According to the official announcement, the cross-chain DeFi protocol Kava has completed the Kava 5 mainnet upgrade on the evening of April 8, Beijing time. It is equipped with the new HARD Protocol V2 version, supports floating rate lending, and distributes HARD token rewards to asset suppliers and borrowers , additional updates include optimizations for Binance cross-chain bridges, optimizations for integrated Chainlink oracles, and scalability and performance improvements. Kava is a cross-chain DeFi platform that provides mortgage lending for mainstream digital currencies. HARD Protocol is a cross-chain cryptocurrency market released based on the Kava blockchain, which supports BTC, XRP, BNB, BUSD, KAVA and USDX assets such as borrowing and mining to earn income.

Coinbase has joined the DeFi Alliance

Coinbase has joined the DeFi Alliance, an open association that supports DeFi startups, according to an official Twitter message.

YFII machine gun pool launched a new version of the front end

According to official news, at 17:00 on April 7 (UTC+8), the DeFi revenue aggregation protocol YFII will officially launch a new version of the front end. The new front end has completed the collection of ETH, BSC, HECO version entrances, which is convenient for users to obtain unified entrances from various information websites to participate in mining. At the same time, in the new front-end, for YFII ecological projects, it supports the use of YFII mining, lending and joint publicity projects, and has carried out Logo and website display, video exposure, etc., reflecting the openness and tolerance of the ecology as a connector.

The total locked value of the DeFi ecosystem exceeded $100 billion for the first time

According to DeFi ecosystem tracker DeFiLlama, the total value locked in the DeFi ecosystem topped $100 billion for the first time today. According to Wikipedia, this means that DeFi is currently equivalent to the 40th largest bank in the United States, between Silicon Valley Bank’s $97 billion in assets and BBVA (US)’s $103 billion in assets.

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