Crypto.com Weekly DeFi Update (Week 23, 06/06/2022 – 12/06/2022)
Celsius pauses withdrawals. Tron DAO boosts $USDD reserves with $50M in crypto. JPMorgan announces DeFi plans.
Celsius (CEL) paused withdrawals, swaps, and transfers due to market conditions.
Tron DAO bought US$50 million in Bitcoin (BTC) and Tron (TRX) to overcollateralise USDD. Meanwhile, Tether (USDT) and Circle (USDC) announced launches to Tezos and Polygon, respectively.
JPMorgan announced plans for a blockchain-based settlement system and institutional-friendly DeFi liquidity pools.
This week’s volume index and volatility indices were positive at +13.55% and +11.63%, respectively, while the price index was negative at -15.79%.
ApeCoin DAO officially favours remaining within Ethereum ecosystem
Algorithmic stablecoin unveils new ways to preserve its peg to U.S. dollar
Number of DAOs increases 8x along with spike in votes and proposals
DeFi convertible bond offering ‘a huge step forward for DAOs‘
Terra Classic (LUNC) holders increase 500% in a month as investors bet on LUNC recovery
GYM Network protocol hacked, US$2.1 million stolen: Here's how
Galaxy Digital leads US$20 million funding round in DeFi firm Skolem
Osmosis (OSMO) chain halted after US$5 million exchange exploit
Multicoin Capital leads US$60 million round in ‘Data DAO’ Delphia
DeversiFi launches cross-chain swaps for bridgeless DeFi transactions
Ripple and Stellar to help launch AUDC stablecoin for Novatti Group
ApolloX completes new funding round, gets hacked of US$2.8 million APX tokens
Check the latest prices on Crypto.com/Price
Top Token Metrics
*Top DeFi tokens based on CoinGecko
DeFi Index Tokens
* DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, Nomics
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