DeFi Digest: Weekly Alpha Edition #6
DeFi Digest: Weekly Alpha Edition #6
Latest DeFi Alphas in a Short, Packed Newsletter.
GM fam,
Welcome back to the sixth Weekly Alpha Edition!
Every Friday, I curate and deliver the most impactful DeFi news and the hottest yield opportunities straight to your inbox.
None of the information in this newsletter constitutes financial advice. While I personally use most of the protocols that I discuss, it's important to understand that they involve substantial risk. Don’t invest what you can’t afford to lose
Yield opportunities 🧐
Penpie (Arbitrum) - 34% APR when staking mPENDLE.
AAVE (Optimism) - 4% APY on sUSD deposits.
Equilibria (Ethereum) - 31.80% APY on ankrETH-wstETH via Aura pool.
Beefy Finance (Ethereum) - 11.60% APY on ETH vault with Conic strategy.
Stargate Finance (Optimism) - 6.67% APY on OP when staking FRAX.
This Week in DeFi 🧙♀️
Uniswap, the world's largest decentralized crypto exchange, unveiled a new blockchain protocol "UniswapX" for trading across automated market makers and other liquidity sources.
Pendle introduced ‘Pendle Earn’ making yields easy and convenient.
Base, the Layer 2 solution built by Coinbase on the OP stack, has opened its mainnet for builders.
Solana Labs announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity
The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets.
ZkSync announces Boojum an upgrade that will transition zkSync Era to a STARK-powered proof system, providing world-class performance on consumer-grade hardware.
Liquity announces V2, Liquity will extend the existing offering, & deliver a new reserve-backed stablecoin model harnessing staked ETH
Lens Protocol introduced Lens V2 at ethCC
Gnosis announces Gnosis Pay and Gnosis Card, the World’s First Decentralized Payment Network and Self-Custodial Debit Card!
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 Equilibria Finance.
What is Equilibria Finance?
Equilibria Finance is a platform made for $PENDLE holders and liquidity providers, aiming to optimize profits through a tokenized version of vePENDLE, ePENDLE. It capitalizes on Pendle Finance's veToken/boosted yield model to enhance yields and reward PENDLE holders.
Networks Availability
Equilibria Finance is available on Ethereum and Arbitrum.
On-chain Analytics 🧐
The current Total Value Locked (TVL) of Equilibria Finance stands at $41.81m across all networks.
The governance token of Equilibria Finance, the EQB token, is currently priced at $0.170746. For the best purchase route, you can buy the token on ParaSwap.
Why use Equilibria Finance?
The impact of the Pendle wars is being felt strongly, notably by protocols such as Equilibria and Penpie.
My interest in Equilibria was primarily piqued due to its similarity to how the Curve war is unfolding with protocols like Convex; Equilibria plays a comparable role. Essentially, you can lock your token into the protocol to secure an enhanced yield.
If you are not deterred by the risks associated with smart contracts, and believe that Pendle will take on a significant role in DeFi in the upcoming years, then Equilibria may be a worthy consideration.
Once again, please note that this is not financial advice, and there are inherent risks associated with locking tokens in 'black holes' such as smart contracts.
Dune Dashboard of the week 🧙♀️
UniBot is the first Leveraged Liquidity Provision (LLP) Platform for Uniswap V3, where users can create positions to provide liquidity in Uniswap V3 with leverage, hedging, and automation on Layer 2 blockchain.
If you frequent Crypto Twitter, you've likely heard of Unibot.
This week's dashboard, created by Whale Hunter, is dedicated to tracking Unibot's revenue. It includes many intriguing metrics, such as cumulative unique users and Bot trade volume.
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.
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