For the DeFi community
This week, Tron’s new algorithm stablecoin USDD is up and running, Promises an annual yield of 30%. Following in the footsteps of TerraUSD’s Luna Foundation Guard, Tron DAO is trying to accumulate $ 10 billion in reserves for stablecoin to stabilize prices. If successful, USDD may absorb some of its liquidity from the UST ecosystem as investors seek the best stablecoin returns.
(1/5) ?#TRON DAO teamed up with major #blockchain Player to start #USDD (Distributed US $), most #decentralized #stablecoin In the history of mankind.
? Today we are seeing the potential to decentralize the most centralized areas of the blockchain world. pic.twitter.com/S5gX3JpiVH
— HE Justin Sun ???? (@justinsuntron) April 21, 2022
Opera has opened the door to easier interaction with the BNB chain ecosystem. Allows direct access Through that crypto browser. 350 million Opera users can buy BNB tokens flat and receive them directly in the built-in wallet. You can then use the DApp immediately in your browser.
..@BNBCHAIN Introducing Opera Crypto Browser!Buy from today $ BNB Access your favorite BNB chain dapps in your Opera wallet. @PancakeSwap To @StarSharks_SSS, IOS is coming soon, both on desktop and Android! https: //t.co/5XTi7T1qPC pic.twitter.com/dhppgtJvia
— Opera Crypto (@Opera_Crypto) May 5, 2022
Virginia County is the first Put pension funds into DeFi yield agricultureAs Fairfax’s Northern Virginia County is about to enter the harvest farming space. The system aims to fund two new hedge fund managers focused on cryptocurrencies over the next three weeks.
Bloomberg reported that Fairfax County, Virginia, is considering investing in two crypto funds that use yield farming for their pension funds. The decision will be made within a few days and, if passed, will be the first case of pension fund funding involving DeFi.
— Jason A. Williams ⚡️? (@GoingParabolic) May 4, 2022
Polkadot has taken a big step in multi-chain missions. New network upgrade lock for parachain messaging – Allows DOT and Polkadot assets to be transferred between parachains on the network. For the first time, the network’s parachain system is officially fully interoperable.
#polka dot With the launch of XCM, we have reached an important milestone today ?
XCM enables cross-consensus messaging. This enables secure communication between more than 500 chains, apps, and services. #Dot Ecosystem https://t.co/wkqIHislm5— Yubo Ruan (@yubo_ruan) May 4, 2022
Technological progress remains at a steady pace as mainstream enthusiasm for cryptocurrencies and the DeFi market declines with price behavior. The project embodies the platform relatively quietly, but cryptographic integration into widely used products and platforms continues. The adoption and buzz of niche applications such as the Ethereum Name Service (ENS) is also record high, demonstrating that some of the true followers of DeFi space aren’t lacking in splendor.
Now is the time for development to be of paramount importance, and irregular price fluctuations will no longer drown serious progress. For active traders, it may be a dull period. But for DeFi enthusiasts, this can be the most exciting thing.
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Best yield: 10% APY Nexo Lend, 8.50% APY Block Fi
Cheapest loan: 0.86% Celsius, average temperature 3.46% APY
MakerDAO update
DAI Savings rate: 0.01%
Basic charge: 0.00%
ETH stable rate: 0.50%
USDC Stable rate: 0.00%
WBTC stable rate: 0.75%
Best yield: 10% APY Nexo Lend, 7.99% APY Gemini
Cheapest loan: 0.74% Celsius, average temperature 3.33% APY
Total value is locked: $75.48B (down) 0.09% since last week)
DeFi market capitalization: $105.90B (down 9.87%)
DEX Weekly Volume: $ 17 billion (up 30.77%)
DAI supply: 8.16B (down 4.78%)
[Jason Levin – The Defiant] – – Solana Reckons with a 7-hour stop after a bot swarm
[Vishal Chawla – The Block] – – Lido Finance has overtaken Curve to become TVL’s largest DeFi protocol
[Timothy Craig – CryptoBriefing] – – ENS mania continues even if 3-digit domain reaches 15ETH floor
Alejandro is a blockchain writer and consultant who has been involved in this area since the beginning of 2016. He is very passionate about this new technology, creating countless projects and news media content.
