Welcome to DeFi Pulse Farmer – your guide to staying up on the latest and best trends in yield farming and beyond!
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🦀 DeFi TVL holds steady — On April. 5th, 2022, the total value locked (TVL) in Ethereum DeFi projects was $82.19B according to DeFi Pulse, almost identical to the value we saw a week ago.
😳 Driving crypto news this week — Valour surpasses $274 million in AUM, EU Parliament votes in favor of FTR compromises that crack down “unhosted” wallets
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DeFi Technologies stated on 31 March, 2022 that the assets under management of its subsidiary Valour had reached $274.2 million. Various cryptocurrency-denominated exchange-traded products, or ETPs, are offered by the company and are traded on European markets. In addition, DeFi Technologies’ products provide governance for blockchain networks to run independent nodes and aim to make decentralized finance more accessible to investors. Its stock is traded on the NEO Exchange in Canada.
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Two European Parliament committees such as the Economic and Monetary Affairs Committee and the Committee on Civil Liberties, Justice, and Home Affairs, voted to support legislation forcing cryptocurrency companies to gather and disclose transaction data. Through anti-money laundering regulations, legislators sought to enable traceability of transfers between crypto service providers and “unhosted wallets” so those questionable transactions might be identified and blocked.
💸 This week’s best-performing assets — Since Tuesday, March 29th 2022, we’ve seen notable week-over-week price rises from the following DeFi tokens:
👛 Latest edition of the Sector Pulse:
🌾 Analyzing High-yield Opportunities on DeFi Kingdoms
Image taken from DeFi Kingdoms’ Game
DeFi Kingdoms (DFK) is a play-to-earn MMORPG (massively multiplayer online role-playing game) originally deployed on Harmony, the layer-one blockchain. On March 30th, 2022 DeFi Kingdoms launched the first Avalanche subnet, the DeFi Kingdoms Blockchain, resulting in unprecedented levels of volume being bridged.
Interested in trying this farming opportunity? You could:
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Setup DFK Chain on your Metamask
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Bridge funds to the DFK Chain
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Swap for JEWEL & xJEWEL
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Pool your JEWEL and xJEWEL in-game with the “Druid”
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Stake your JEWEL-xJEWEL LP tokens at the “Seed Box”
Read the details of this strategy for free at the “Farms of the Week” blog post by DeFi Pulse!
DeFi Kingdoms has been audited. However, this staking opportunity entails protocol risks, market risks, impermanent loss risks, smart contract risks, and more. Treat this yield farm as experimental, and never deposit more money than you can afford to lose.
Thank you to our sponsor Tally Ho, the first DeFi wallet owned by a DAO.
Try Tally Ho Swaps before the DAO launches!
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Binance Launches Binance Bridge 2.0 to Integrate CeFi and DeFi
TLDR: Binance Bridge 2.0 introduces BTokens, a new mechanism for connecting Ethereum-based tokens (both listed and unlisted) to the BNB Smart Chain. Within the BNB Chain environment, you may use your wrapped tokens to explore DeFi, blockchain games, the metaverse, and more; -
Router integrated Fantom and Ethereum
TLDR: Router Protocol has taken a step closer to creating a completely interoperable cross-chain environment with the integration of Fantom and Ethereum. In addition, Router Protocol is working diligently to incorporate more L2 and L1 Chains and release its cross-chain SDK, which is currently undergoing an internal audit; -
Metamask rolls out Apple Pay integration
TLDR: MetaMask, which is owned by ConsenSys, has added Apple Pay support, allowing iPhone and Apple Pay users to buy cryptocurrency with a debit or credit card directly from the mobile app, eliminating the need to transfer Ether (ETH) from a centralized exchange like Coinbase; -
mSPELL staking is live on ETH, AVAX, FTM and Arbitrum
TLDR: Stake your $SPELL tokens and get $MIM as a protocol fee! After passing the AIP#8, which can be found here, mSPELL staking has been deployed; -
Vitalik: In Defense of Bitcoin Maximalism
TLDR: Bitcoin and other crypto-assets have significant cultural and structural advantages that make them valuable assets to hold and use. Other noble cryptocurrencies exist, and maximalists have been prepared to support and utilize them.
🚜 Up to ~26% APR on USDC-ETH LP at Beefy Finance
Beefy Finance, a decentralized, multi-chain yield optimizer, is offering additional yield on USDC-ETH LP tokens should you choose to stake within one of their Arbitrum Network vaults. One of the safest platforms to provide USDC-ETH liquidity is SushiSwap. SushiSwap’s model allows liquidity providers to earn a yield for facilitating trades. In this farm, Beefy Finance will automatically sell your SUSHI rewards to purchase more USDC-ETH LP tokens thus compounding your position.
Interested in trying this farming opportunity? You could:
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Setup Arbitrum on your Metamask
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Bridge funds to the Arbitrum Network
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Swap for USDC & ETH
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Pool your USDC & ETH on SushiSwap
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Stake your USDC-ETH LP tokens on Beefy Finance
Read the details of this strategy for free at the “Farms of the Week” blog post by DeFi Pulse!
Beefy Finance has undergone several audits. This staking opportunity entails cross-protocol risks, market risks, impermanent loss risks, smart contract risks, and more. Treat this yield farm as experimental, and never deposit more money than you can afford to lose.
It isn’t easy to do due diligence in the NFT ecosystem. Analyzing the markets, analyzing trends, and developing your investing strategy necessitates high-quality, dependable data and the capacity to successfully apply that data. Here’s a tool that will help you conduct an in-depth analysis of the NFT ecosystem. It’s none other than nonfungible.com.
Nonfungible.com uses the Ethereum blockchain to track decentralized asset transactions in real-time and provides tools to allow NFT enthusiasts, whales, and professionals to keep track of the market’s progress. We also maintain track of any asset or project’s sales history to assist you in analyzing its current pricing and performance and keeping you up to date on the most popular NFT initiatives.
What role will decentralized finance play in revolutionizing asset management?
Technology has changed the dynamics of financial markets over time and plays an essential role in enabling quick change and generating savings.
As industry problems like restricted organic growth, fluctuating capital market returns, and fee and margin compression worsen, the operating environment for asset management firms continues to change. As a result, decentralized Finance (DeFi) is causing tremors across the financial sector. Here’s how:
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Transparency: Decentralized asset management allows for complete visibility of an asset’s or token’s holdings at the block level. It also provides detailed information on the asset’s performance and asset management.
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Composability: Zapper.fi demonstrates the concept of composability. It brought the option to bring numerous holdings into a single transaction and yield, risk management, and exposure layering.
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Trustworthiness: Another important consideration in the working of decentralized asset management is trustworthiness. Users could connect their wallets and interact with asset management choices thanks to the creation of DeFi on Ethereum.
DeFi is, without a doubt, a beneficial intervention for reshaping the financial landscape. The growth of DeFi in asset management shows that additional features may be added in the future. For example, it will democratize access to financial products, but risk concerns about algorithmic trading and liquidity are currently preventing widespread adoption. The good news is that we’re getting some traction and seeing real-world applications, leading to mass acceptance shortly!
-Guneet Kaur
All info in this newsletter is purely educational and should only be used as research. DeFi Pulse is not offering investment advice, endorsement of any project or approach, or promising any outcome. This post is prepared using public information (which does not account for specific goals or financial situations) and links provided to third-party sites are for informational purposes. Such sites are not under the control of DeFi Pulse, so DeFi Pulse or the author are not responsible for the accuracy of the content on such third-party sites. Be careful and keep up the honest work!