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Crypto.com Weekly DeFi Update (Week 27, 04/07/2022 – 10/07/2022)

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Crypto.com Weekly DeFi Update (Week 27, 04/07/2022 – 10/07/2022)

Celsius pays off the entirety of its loan from MakerDAO. The MakerDAO community votes on bringing traditional banking into its ecosystem. Aave to launch USD stablecoin named GHO.

Crypto.com
Jul 11, 2022
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Crypto.com Weekly DeFi Update (Week 27, 04/07/2022 – 10/07/2022)

cryptocomdefi.substack.com

Key Takeaways 

  • Crypto lender Celsius (CEL) reclaimed US$440M of collateral after paying off the entirety of its loan from MakerDAO (MKR).

  • The MakerDAO community recently voted on world-first proposals to bring traditional banking into its ecosystem, including Huntingdon Valley Bank and SG Forge Bank.

  • Aave (AAVE) shared a governance proposal on Thursday to launch an Ethereum-based (ETH) and overcollateralised stablecoin pegged to the U.S. dollar named GHO.

  • This week's price, volume, and volatility indices were positive at +16.26%, +8.24%, and  +23.95%, respectively.

Highlights

  • SushiSwap votes to let traders offset carbon emissions

  • Vauld stops withdrawals, eyes restructure after users pull nearly US$200M

  • Voyager seeks ‘strategic alternatives’ following pause to withdrawals

  • USDC transparency stack upgraded by Circle

  • Crema Finance attacker returns almost US$8M, keeps $1.7M bounty

  • Tether reveals how it returned funds to Celsius following liquidation

  • KeyFi CEO sues Celsius on grounds of ‘failing to uphold the contract’ and more

  • Decentralised mixer Tornado Cash makes its user interface open-source

  • Aztec launches DeFi privacy bridge Aztec Connect

Check the latest prices on Crypto.com/Price

Check Price

Top Token Metric

*Top DeFi tokens based on CoinGecko
Source: CoinGecko

DeFi Index Token

* DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI

DEX Metric

* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, Nomics

Lending Protocol Metric

TVL does not include borrowed assets value
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
*** LDR = Total Borrowed / TVL
Sources: CoinGecko, DeFi Llama

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

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Crypto.com Weekly DeFi Update (Week 27, 04/07/2022 – 10/07/2022)

cryptocomdefi.substack.com
2 Comments
ธีรวุฒิ สิงห์งาม
Jul 12, 2022

I'm waiting to see when you will transfer it to me. I've been waiting for a long time.

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ธีรวุฒิ สิงห์งาม
Jul 12, 2022

Transfer money to a SCB bank account at Big C Lamphun branch as well.

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