Happy Uptober! Hope y'all are riding that $BTC wave to some sweet profits.
Welcome to the first edition of "DeFi Highlights" – a monthly series where I bring you the latest and noteworthy updates from the DeFi world. Let's get right into it!
1️⃣ Uniswap V4 Sandbox
Uniswap partners with Conduit to launch Uniswap V4 sandbox based on the OP Stack rollup, enabling developers to create custom AMMs compatible with current liquidity.
Interesting that the Uni Foundation clarified there's no official partnership👀,
2️⃣ Alphanomics Pro
Alphanomics has unveiled an intuitive data intelligence platform that transforms blockchain activities into accessible, real-time insights, making it easier to spot token trends and actionable insights.
(And thanks Alphanomics Intern for the pro trial🤓)
One of its standout tools, the "Smart Whale", provides an avenue for users to track the trading patterns of whales. For those who prioritize instant updates, the platform offers Smart Alerts compatible with communication channels such as Telegram & Discord.
For a deeper analysis, the "Token Genius" section provides a detailed overview of top holders, leading DEX traders, key accumulators, and notable whale transactions.
Plus, you can examine individual tokens and access information on market capitalization, holding trends, and trading volumes.
3️⃣ Rage Trade V2
For those in the know, Rage Trade initially set up its Delta Neutral Vaults atop GLP positions. They decided to sunset their V1 in May 2023, and have since pivoted towards creating a powerhouse as a CEX-like perp aggregator.
An overview of the perp dex landscape.
The dynamics of onchain perp are shifting, with GMX.IO's V1 and V2 vying for dominance and Synthetix continuing its robust performance in oracle perps. GMX.IO's V2 is gaining traction, but V1 dominates liquidity. Synthetix, partnered with Kwenta.io and PolynomialFi, sees over $100M daily trades and plans to expand with their V3 on new EVM chains.
On the other hand, order book perp dexs are showing impressive volumes and agility in asset listing, while dYdX remains a standout in the Cosmos ecosystem. Platforms like Aevo, Vertex Protocol, and Bluefin report daily volumes sometimes above $10M and list new assets quickly.
Given this setting, Rage V2's mission becomes crystal clear:
Building a multi-perp, multi-chain future is a given.
Bridge the liquidity gap that's prevalent in DEX perps/chains and ease the shift of perp traders from centralized platforms (CEXs) to their decentralized counterparts (DEXs).
And they aim to do this by amalgamating liquidity from all perps across every single chain, and then presenting it all with a user interface that's as intuitive as CEXs, thanks to Account Abstraction.
Wen Rage Trade V2? Sooooon
4️⃣ Pendle crvUSD
crvUSD on app.pendle.finance is yielding 20%+ APY. While the deposit APR on Silo is at 10% that is liekly to fluctuate, here's the scoop on YT-crvUSD.
Picture this: You invest in it today when its Underlying APY is at 9.668%. If everything stays steady, by the time this investment matures, you could see a 97% return on an annual basis. Not too shabby, right?
But if you've got a hunch that the Pendle market might be underestimating things, you can buy YT-crvUSD at a 7.178% Implied APY instead.
Either way, it's like choosing between two flavors of ice cream – both are sweet, but one might just be your favorite.
5️⃣ Swell Network Super Vault
Swell Network launched its super vault for $swETH today!
Here’s a breakdwon on how it works:
Users begin by depositing stETH into the vault. This stETH is subsequently unstaked and converted to swETH.
The vault offers a potential yield of up to 18%,
Where do returns come from?
1. swETH Staking Rewards
2. 100% of Swell DAO revenue is redirected to the vault
3. stETH is unstaked then used to buy swETH which is trading at a discount
Plus, perals are allocated to super vault as part of the Swell Voyage, meaning you can claim $SWELL at TGE. The duration of the vault is set at 180 days, with an initial lock-in period of 7 days. Post this period, users retain the flexibility to withdraw their assets at their discretion.
6️⃣ IPOR $stETH Pool
I’ve covered the mechanics of IPOR V2 in my long form thread ytd (though in Chinese).
This month, IPOR rolled out its V2, and here are the primary enhancements:
Introduction of a "Zap" feature, allowing users to tailor their APR and achieve it in just a few clicks.
The launch of a new stETH pool that amplifies stETH yield through pwIPOR and marks the inauguration of the SRS (stake rate swap), a tool for stETH yield hedging.
Extension of swap durations, now up to 90 days.
If you've got some $ETH, $wETH, or $stETH sitting around, IPOR’s ZAP function cuts through the deposit maze and hooks you up with both Lido's staking rewards and pwIPOR's liquidity mining perks. Right now, the average yearly yield is chilling at 37%. And with mainnet's gwei bouncing between 10-20, Zap makes things a whole lot smoother.
That’s it for today. Catch you next time!