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DeFi Slate Fam:
This week was a relief.
It was absolutely insane, but not 12/10 insane. More building happened, after prices have retraced steadily teams reverted back to longer-term thinking and value accrual.
Nonetheless this week was still jam-packed with a bunch of goodness.
We saw a $FEW sham, L2 scaling, Yam relaunch, the NFT craze explode and more!
Time for the week in review :)
👨🏽🌾Earn Interest & Leverage Your Assets with Aave, a non-custodial money market protocol leading the #DeFi charge.
Full Send Friday: Week In Review
There was plenty of action this week - some good, some bad. Let’s start with the dreadfully awful. A band of Ethereum “influencers” came together to start a project called $FEW on Telegram…and well, it didn’t end well.
After seeing tweets like this everywhere for like 2 hours…
Then, the truth came out:
In the spirit of community and decentralization, this experiment did not pan out too well & CryptoTwitter was not happy. Pretty funny to see play out as even we were so confused trying to figure out what was going on. Remember guys, it is a zero-sum game and people might try to take advantage of you - stay aware!
Now some better news:
Synthetix are testing their L2 scaling solution rapidly!
Click the image to read the full post :)
Balancer and Ocean Protocol partner up for the first AMM-Based Market Data!
OUSD launched - the first stablecoin that earns yield while still in your wallet!
Yam V3 launched with some slight hiccups, but so far the rebases & farming have been great!
NFTs absolutely blew up…people were buying and selling art on Rarible and making quick profits. The token value of many NFT coins also increased steadily.
$MEME coin pumped from ~$100 to $1800 in nearly 2-3 weeks, topping out this past week.
Aave has been pushing hard on their migration to $AAVE as well as getting V2 going!
Akropolis has been working hard on token value accrual, governance and LM updates!
FTX - Built By Traders, For Traders @FTX_OfficialAKRO is live on FTX! @akropolisio https://t.co/73yqwLEPIm
🛑DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. We are strictly an educational content platform, nothing we offer is financial advice. Please refer to our blog for more on mitigating your downside when using these protocols!
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Check out some previous interviews:
Last week in review:
Master It Monday: Farming $FARM On Harvest Finance
Wiretap Wednesday: The genesis of fair launches with $YFI