DeFi (Week 26, 27/06/2022 – 03/07/2022)
MakerDAO users reject centralisation proposals and consider bond investing. Tether reduces its commercial paper holdings to US$8.4B. Aave launches Aave Arc, a new service approved by 30 institutions.
Key Takeaways
- MakerDAO (MKR) users rejected multiple proposals to centralise the protocol’s structure, while exploring diversification by investing in bonds.
- Tether (USDT) reduced its paper holding to US$8.4 billion following its announcement to remove all commercial paper from its reserves.
- Aave (AAVE) launched Aave Arc, a new lending and liquidity service approved by 30 financial institutions.
- This week’s price, volume, and volatility indices were negative at -14.77%, -25.75%, and -42.56%, respectively.
Highlights
- Crypto firm Voyager Digital secures a US$500M line of credit from Alameda Ventures to cope with 3AC exposure
- FTX walked away from a deal with Celsius after seeing state of its finances: sources
- FTX seeks to acquire troubled crypto lender BlockFi: sources
- Circle denies comments USDC stablecoin is troubled amid market downturn
- Azuro raises US$4M for ‘decentralised sportsbook protocol’
- Centrifuge introduces Connectors mechanism to integrate RWAs into DeFi
- Crema Finance shuts liquidity protocol on Solana amid hack investigation
- Napster reinvents itself as a Web3 company — complete with a $NAPSTER token
- Wonderland puts US$25M in new Sifu project
- Gnosis Safe adds support for Integral SIZE to simplify DeFi trading
Check the latest prices on Crypto.com/Price
*Top DeFi tokens based on CoinGecko
Source: CoinGecko
* 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
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
Author
Research & Insights team
Share with Friends
Related Articles
DeFi - 2D AGO
DeFi & L1L2 Weekly — 🚀 Ethereum’s Pectra upgrade successfully deployed on the Sepolia testnet; pump.fun saw a significant drop in token launches
Market Pulse - 2D AGO
📈 La dominance di Bitcoin ha raggiunto un massimo di 4 anni del 62%; Trump ha annunciato una riserva strategica di cripto con BTC, ETH, XRP, SOL e ADA
DeFi - 11 Mar 2025
DeFi & L1L2 Mingguan — 🚀 Cronos memelopori transfer kripto-ke-debit yang mulus; Virtuals Protocol mengalami penurunan volume jual-beli sebesar 95%
Ready to start your crypto journey?
Get your step-by-step guide to setting upan account with Crypto.com
By clicking the Submit button you acknowledge having read the Privacy Notice of Crypto.com where we explain how we use and protect your personal data.
