DeFi Digest: Weekly Alpha Edition #2
DeFi Digest: Weekly Alpha Edition #2
Latest DeFi Alphas in a Short, Packed Newsletter.
GM fam,
Welcome back to the second Weekly Alpha Edition of my personal DeFi newsletter! I'm thrilled to have you here.
Every Friday, I personally curate and deliver the most impactful DeFi news and the hottest yield opportunities straight to your inbox.
Yield opportunities 🧐
Arrakis Finance (Optimism) - 62% OP reward APR on the WETH/UNIDX pool
Reactor Fusion (ZkSync Era) - 4.64% net APR on ETH deposits
Hop Protocol (Optimism) - 12.61% APR on the SNX Optimism pool
Connext Network (Arbitrum) - 1.26% APR on the ArbitrumWETH Pool (No tokens yet)
Lybra Finance (Mainnet) -143.98% APR on the LBR/ETH LP
This Week in DeFi 🧙♀️
Offchain labs is releasing tooling that will make building your own Arbitrum Orbit chain easier than ever.
Pika just announced the final details of the previously announced airdrop.
dYdX v4 will be fully open source and will not include a business license upon being considered production ready
SAFE booked the Eiffel Tower during ethCC for an exclusive event focused on Account Abstraction, Smart Accounts and the future of wallets.
Zora is launching Zora Network, a new L2 Network built on the OP stack
Protocol of the week 🦄
Each week we talk about a DeFi protocol that is changing the game and adding great value to the ecosystem.
This week I want to write about Mean Finance.
So What is Mean Finance?
Mean Finance is the state-of-the-art DCA open protocol that enables users (or dapps) to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency, without sacrificing decentralization or giving up personal information to any centralized parties.
Why use Mean Finance?
As a committed on-chain maximalist and a non-day trader, I've long been on the lookout for a fully on-chain DCA protocol. My search started during the DeFi summer and led me to one such protocol, which unfortunately later got exploited. However, Mean Finance has since emerged as a robust solution backed by a solid team, and it's been my go-to for implementing my Dollar Cost Average strategy. I use the Stablecoins I've accumulated during the bear market to gradually reinvest into assets like ETH or wstETH via Mean Finance.
Whether you're a daily trader or a slow accumulatoooor of a specific cryptocurrency, Mean Finance can serve as a powerful alternative to centralized exchanges. It offers a decentralized approach to steadily build your crypto portfolio.
Networks Availability
Currently, Mean Finance is accessible on several networks including the Ethereum mainnet, Optimism, Polygon, Arbitrum, BNB, and Base testnet.
Analytics
Currently, Mean Finance boasts a Total Value Locked (TVL) of $1,587,593 million across all networks. The highest portion of this TVL is on Arbitrum, standing at $436,084, while the Binance Smart Chain (BSC) network holds the least TVL with a value of just $9,214.
As of now, Mean Finance doesn't have its own token. This presents an excellent opportunity for users to test it out on Layer 2 networks, and possibly, position themselves for a potential airdrop in the future.
Thread of the week 🧵
In this thread, I’m sharing my top 5 DeFi dapps built on top of the Optimism Network
That's it for this week. I hope you enjoy this new format. I will continue to share alphas and news each week, so don't hesitate to subscribe to the newsletter.
Support me:
📊 Trade on GMX with Arbitrum you can use this link for fee discount.
🫡 Follow me on Twitter for DeFi insights: https://twitter.com/yanneth_eth