Crypto.com Weekly DeFi Update (Week 28, 11/07/2022 – 17/07/2022)
Gnosis Safe rebrands as “Safe” after US$100M funding round. Celsius bankruptcy filing shows US$4.7B owed to customers. ZKX raises US$4.5M seed funding with the help of Crypto.com Capital.
Key Takeaways
Multi-sig wallet protocol Gnosis Safe rebranded as “Safe” after raising US$100M in a funding round. The funds will go towards the “Safe Ecosystem Foundation”, a non-profit which will contribute to further development of Safe.
Woes for troubled crypto lender Celsius continue as it reports a US$1.2B balance sheet hole and a whopping US$4.7B owed to customers.
Permissionless derivatives trading protocol ZKX raised US$4.5M in seed funding with the help of Crypto.com Capital, among others. They are creating new frameworks to solve current challenges in the DeFi market.
This week's price, volume, and volatility indices were positive at +10.93%, +20.34%, and +29.09%, respectively.
Highlights
100-Year-Old Pennsylvania-based bank approved to leverage MakerDAO's stablecoin vault
DAO platform startup drums up 46 investors in pre-seed round
Voyager can't guarantee all customers will receive their crypto under proposed recovery plan
DeFi exploits top US$1.8B YTD, though security ‘getting better’ Immunefi says
Illicit crypto moving to mixers on pace to double in 2022
Check the latest prices on Crypto.com/Price
Top Token Metrics
*Top DeFi tokens based on CoinGecko
Source: 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
DEX Metrics
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, Nomics
Lending Protocol Metrics
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
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