Hello Defiers! Hope you’re having a great weekend and happy 4th to those in the United States 🇺🇸 Summing up this past week: DeFi platforms’ token incentives, which come on top of the yield they were already generating with lending and borrowing, are causing ripples. There’s now over $100M in BTC circulating the Ethereum economy, driven mainly by WBTC used to farm yield. Stablecoin-focused DEX Curve Finance has shot up to the second-largest decentralized trading platform by volume as traders seek USTD and other stable assets to maximize yield on other platforms. An attacker was able to withdraw $500K from Balancer, which has been at the center of the yield farming frenzy with its BAL token, and hackers have found a way to take unclaimed COMP tokens for the platform.
Recap: DeFi Week of June 29 🦄
Recap: DeFi Week of June 29 🦄
Recap: DeFi Week of June 29 🦄
Hello Defiers! Hope you’re having a great weekend and happy 4th to those in the United States 🇺🇸 Summing up this past week: DeFi platforms’ token incentives, which come on top of the yield they were already generating with lending and borrowing, are causing ripples. There’s now over $100M in BTC circulating the Ethereum economy, driven mainly by WBTC used to farm yield. Stablecoin-focused DEX Curve Finance has shot up to the second-largest decentralized trading platform by volume as traders seek USTD and other stable assets to maximize yield on other platforms. An attacker was able to withdraw $500K from Balancer, which has been at the center of the yield farming frenzy with its BAL token, and hackers have found a way to take unclaimed COMP tokens for the platform.