TVL

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Adamant Targets Alameda With Contentious Governance Vote

What a can of worms.  This weekend, Adamant Finance, a yield aggregator on Polygon, initiated a governance vote to “blacklist” wallets it said belong to Alameda Research, a crypto hedge fund that trades up to $10B a day in tokens and derivatives. The fallout has been fast and furious. The action came in response to …

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Yearn Revenues Projected to Surpass TradFi’s Fueled By Thriving Community

On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Yearn Finance is quickly turning into an asset management behemoth. Propelled by its thriving community, Yearn’s fundamentals are looking stronger than its traditional finance counterparts.   After recently hitting a new all-time high of $5 billion+ in TVL, Yearn also broke its highest monthly revenues.  Making over $10 million …

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liquity

Liquity Network Attracts Over $2.4B in Assets in Two Weeks

Liquity Network, relatively unknown before its April 5 launch, now has $2.4B of ETH locked, placing it 11th among all Ethereum protocols, ahead of open finance mainstays Synthetix and Bancor. The protocol resembles MakerDAO in that users lock up ETH in order to mint Liquity’s stablecoin LUSD, but differs from the DAI-orginiator in that it …

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Big Data Protocol Amasses 10% of DeFi TVL Over the Weekend

Big Data Protocol wasn’t even live a week ago. Now it sits third in terms of total value locked, ahead of DeFi mainstays Compound Finance and Uniswap, according to data compiled by DeBank.  With over $6B locked up since rewards emissions began on Saturday, the project has DeFi watchers wondering how it rocketed from nowhere …

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Bitcoin Corrects as ETH Locked in DeFi Rebounds

After a week of record volumes for 2020, bitcoin’s price dropped on decreasing trading volumes. Meanwhile, assets locked in DeFi are recovering since the November dip – said to be due to the Ethereum 2.0 network upgrade. Bitcoin is trading around $22,770 (Bitfinex) at the time of writing, reclaiming some of the losses from the …

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