This Week in DeFi – March 26

To the DeFi community,

DeFi users will have to wait a little longer to try it out, but we finally know many of the details for what we can expect from Uniswap V3. One of the biggest new features will be concentrated liquidity pools, allowing LPs to set custom ranges for their contributed assets to be used to facilitate swaps. Properly configured, this feature has the potential to largely eliminate impermanent loss risks, while dramatically increasing capital efficiency. The Uniswap V3 mainnet launch is scheduled for May 5.

 

🦄 Uniswap v3 just dropped.

It contains some huge ideas—I remember hearing about them from Hayden back in early 2020. Now they’re finally public!

These are my first reactions for the effects v3 will have on Uniswap’s future. Rough takes right now, but here’s a thread. 👇

— Haseeb Qureshi (@hosseeb) March 24, 2021

 

Teller Finance is putting a new spin on the combination of NFTs and DeFi, offering early access to the unsecured lending platform to those purchasing the unique digital collectibles issued by Teller. Proceeds from the sales will go towards funding development and providing liquidity for early-access customers. Teller NFT holders can also earn a share of interest payments made during the initial release, adding even more rewards for those holding the right digital assets.

 

“Ayy, ya heard about the good news?” Our protocol’s Alpha Launch is almost here! 🚀🚀🚀 Oh, and we’ve got an NFT sale to boot. Get reading and get ready. https://t.co/h5aHR4ma3L

— Teller Finance (@useteller) March 23, 2021

 

Balancer announced a partnership with Gauntlet to beef up risk management and optimize protocol parameters, eventually leading to new features like dynamic-fee trading pools with the upcoming launch of Balancer V2, expected to be released before the end of March.

 

Alpha Homora released new details on their ALPHA tokenomics and rewards framework, allowing ALPHA holders to stake their tokens to earn fees from the entire AH ecosystem, spread across V1 and V2 on Ethereum, new capabilities on Binance Smart Chain, and any future products released down the road.

 

1/ Tokenomics release from $ALPHA tackles a lot of things you want to see a token have. $ALPHA will soon be staked and earn protocol revenues from products within the ecosystem. Leverage YF, lending, IL insurance, and any others in the pipeline. https://t.co/g1OhJ9uOha

— DeFiGod (@DeFiGod1) March 23, 2021

 

Band Protocol announced partnerships with Finage to bring enterprise-grade pricing data to the DeFi ecosystem, and completed an integration with Polygon, formerly Matic, to bring price data for more than 150 crypto assets to developers building on Polygon’s L2 protocol.

 

All crypto markets are most active when the price of Bitcoin and Ethereum are rising, and the recent sideways price action has not unexpectedly seen some of the hype around DeFi cooling off, especially as growing excitement around NFTs steal much of the spotlight. 

 

But with Uniswap V3, Balancer V2, and a steady stream of new DeFi primitives and cross-chain projects being released every week, it seems like only a matter of time before the industry swings back into hyper-growth mode. And much like the DeFi summer of 2020, the best returns are likely to accrue to those doing their research and getting in now, before the next breakout innovation brings the optimistic masses and their capital flooding back into DeFi markets.

 

$ALPHA: Tbh, #ALPHA is 1 of the coins that really gives me hope that there will be another altcoin pump coming up (collectively). The chart itself looks great and it also led in January, which makes me think it will lead once more coming up. Still hopeful for #DeFi round 2. pic.twitter.com/oqAvxKDJaW

— Altcoin Sherpa (@AltcoinSherpa) March 24, 2021

 

Highest Yields: dYdX at 11.35% APY, Aave at 11.26% APY

Cheapest Loans: CoinList at 3.00% APY, Compound at 8.64% APY

MakerDAO Updates

DAI Savings Rate: 0.00%

Base Fee: 0.00%

ETH Stability Fee: 4.50%

USDC Stability Fee: 0.00%

WBTC Stability Fee: 4.50%

Highest Yields:  Nexo Lend at 10% APY,  Fulcrum at 9.8% APY

Cheapest Loans: CoinList at 1% APY, Compound at 5.82% APY

 

Uniswap will release V3 on May 5, defeating impermanent loss and boosting capital efficiency.

Teller NFT holders will get special perks in the unsecured loan protocol.

Balancer brings in Gauntlet to optimize Balancer V2 for dynamic pool fees.

Ren and 1inch introduce liquidity mining for their respective tokens on Binance Smart Chain.

Powerpool governance unlocks LP rewards to bootstrap Lazy Apes growth.

Total Value Locked: $39.47B (down -10.7% since last week)

DeFi Market Cap: $90.17B (down -5.53%)

DEX Weekly Volume: $12.05B (down -1.23%)

DAI Supply: 2.926B (up 2.31%)

Total DeFi Users: 1,709,600 (up 4.4%)

[Ryan Adams – Bankless] – How to automate your staking rewards

[The TIE] – The TIE Weekly Insights

[Chris Powers – Dose of DeFi] – DeFi: The Liquidity Revolution

[Anthony Sassano – The Daily Gwei] – Hype vs Reality – The Daily Gwei #209

[Lucas Campbell  – Bankless] – The Best Yields on USD