DeFi Digest: Main Stories This Week 📅
08.02.2021 - 14.02.2021After climbing $7B from $28B to $35B last week, DeFi’s total value locked (TVL) surged another $4.9B in recent days to its current reigning all-time high of $39.91B. The pace of growth lately has just been incredible!
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This is great news! But we also want to share last DeFi stories with you:🔘 Degenerative Finance Presents “uSTONKS”
The Yam Finance-backed Degenerative Finance Platform launched uSTONKs, a series of major tokenized assets that users can go long or short on or even put to use in liquidity mining campaigns.
🔘 1inch’s joint liquidity program with Tornado
DEX aggregator 1inch joined forces with privacy protocol Tornado.Cash to offer joint liquidity mining rewards around 1inch’s ETH/TORN pool.
🔘 Bancor Progress Update (February 2021)
The Bancor team details recent advancements around the protocol, like the project’s 2,000% TVL surge since the launch of Bancor v2.1.
🔘 UMA KPI Options and Airdrop
The UMA Protocol team unveils a new incentivization mechanism dubbed KPI options, which are options on DeFi projects’ TVLs and thus incentivize holders to grow those TVLs.
🔘 DeFi: On Blockchain- and Smart Contract-Based Financial Markets
The St. Louis branch of the U.S. Federal Reserve released a research report exploring the possibilities of the nascent DeFi ecosystem.
🔘 Partnering to Build Best-in-Class BTC Vaults
Badger DAO has partnered with Yearn in a collaboration that will see Yearn-developed BTC vaults directly within the Badger app and beyond.
🔘 Three Arrows and DeFiance Capital join $12M Balancer Series
The Balancer team’s Series A funding round has risen to $12M thanks to a newly combined investment of $5M from prominent crypto VC firms Three Arrows Capital and DeFiance Capital.
The DeFi market continues growing and we will continue watching it for you! AMPLIFY believes in keeping track of the market.and staying up to date with trends.