Crypto.com DeFi Research

Share this post
Crypto.com Weekly DeFi Update (Week 1, 03/01/2022 - 10/01/2022)
cryptocomdefi.substack.com

Crypto.com Weekly DeFi Update (Week 1, 03/01/2022 - 10/01/2022)

Terra is investing $139M to enhance use cases for TerraUSD. Aave launches institutional product Aave Arc.

Crypto.com
Jan 10
Comment4
Share

Key Takeaways 

  • Terra ($LUNA) announced that it would invest USD 139M in projects across different blockchains to enhance use cases for its weekly-defi-update-2021-week52stablecoin. (ref)

  • Aave ($AAVE) launched its institutional product Aave Arc, a permissioned and regulated DeFi product aimed at institutions. (ref)

  • Ethereum-based prediction markets platform Polymarket has been fined $1.4M and ordered to shut unlicensed markets by the CFTC. (ref)

  • Tectonic ($TONIC) has been listed on Crypto.com Exchange. (ref)

  • This week’s volume and volatility indices were positive at +64.63% and +7.83%, respectively, while the price index was negative at -3.62%.

Highlights

  • Terra to deploy $139 million in DeFi projects to enhance UST use cases

  • Aave has launched permissioned DeFi pools for institutions

  • Solana DeFi major Serum’s ‘Incentive Ecosystem Foundation’ is raising $100M

  • Study: Number of monthly active Web3 developers hit an all-time high in 2021

  • Cosmos-based DEX Osmosis breaks above $1 billion in locked value

  • DeFi Protocol Convex Finance crosses $20B in locked value

  • Rug-Pullers and Black-Hats ran wild in 2021 with $2.2B lost to theft: report

  • ERC-4626 proposes to make yield-bearing tokens their own DeFi lego

  • Yearn passes new tokenomics, rewarding YFI stakers with up to $35M per year

  • U.S. orders DeFi platform Polymarket to pay $1.4M and shut unlicensed markets

  • Aave unveils mobile wallet and eyes V3 deployment on StarkNet

Check the latest prices on Crypto.com/Price

*DeFi dominance is defined as the total market capitalisation of DeFi coins as a percentage of that of all currencies (including DeFi coins), based on CoinGecko’s data. See CoinGecko’s definition of dominance for more information.
Source: CoinGecko
* % change is based on the difference between two subsequent bi-weekly periods
Source: CoinGecko, StakingRewards, DeFi Llama

Notable Events

  • Trader Joe’s Bulletin Board #9 was released. (ref)

  • Pancakeswap Community Roundup #2 was released. (ref)

  • Raydium announced that P2E metaverse game SpaceFalconIO will launch on AcceleRaytor. (ref)


Thank you for reading! We hope you find our Weekly DeFi Update enlightening!

Hungry for more? Visit our Research Hub and University to access other insightful crypto research! 

Share with a friend if you like our email!

Share Crypto.com DeFi Research

Comment4
ShareShare

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

Diyab Saleh Naser Alkarbi
Writes Diyab’s Newsletter ·Jan 16

Write a community

Expand full comment
Reply
Diyab Saleh Naser Alkarbi
Writes Diyab’s Newsletter ·Jan 16

Write a community

Expand full comment
Reply
2 more comments…
TopNewCommunity

No posts

Ready for more?

© 2022 Crypto.com
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing