Another week has passed and we are ready to present more QDAO DeFi updates. This time, we were fully focused on new video tutorials to provide you with abundant DeFi knowledge. Take a look at all the updates!
Cryptocurrencies and DeFi coin market analysis
The crypto market is stuck and is moving sideways. Bitcoin found itself in the $19,000-19,500 corridor. It’s not yet clear whether it will go up or down. But this sideways movement is bad for altcoins as most of them dropped in value by 5-10%.
Things are a bit better in the DeFi market. The total value locked in DeFi is climbing up to $15 billion. DeFi tokens are performing multi-directionally. Here are the changes in price for some of the popular DeFi coins:
- ChainLink: -10.01%
- Aave: +11.51%
- yearn.finance: -0.51%
- Compound: +40.67%
The situation in the crypto market is very unstable. Many indicators point to a correction but the rally could continue at any moment.
DeFi news
There is a lot of news about DeFi. Here are the most important events of the week:
- Regulators are aiming for stablecoins. The U.S. congressional Democrats see risks in stables. There is a demand for banking charters, approval from the Federal Reserve and FDIC insurance for stablecoin issuers. And we all know that DeFi is all about stables. This situation could create some inconvenience for DeFi users.
- wBTC continues to burn. And that’s not good for DeFi. This is a sign of the cooling interest. 8,000 wBTC were burned in November and over 4,000 during the first three days of December. This shows us that DeFi isn’t in good shape despite the increase in total value locked.
- The flurry of Yearn.finance (YFI) ‘mergers’ continues. The latest victim is SushiSwap. The giant-slayer fell prey to the supreme predator. YIF launched the ‘era of mergers’ and this is something new for DeFi.
QDAO DeFi updates
QDAO DeFi has increased the interest rates for all participants. We are keeping up the pace and are proudly sharing last week’s updates.
New tutorials
We’ve added new video guides to our YouTube channel to help you expand your crypto knowledge:
- Blockchain Cuties Universe - exciting DeFi NFT collectibles: https://youtu.be/goSKHiq6-_E
- How to stake $5,000 in USDT in Curve.fi, calculating my APY: https://youtu.be/PBIGVuX0xEw
- Time for Surf Finance rewards? Crazy 5000% APY! Phase 2 is on!: https://youtu.be/IO3Geqmmn1c
- Exploring the depths of Ocean Protocol, Ocean Data Market review: https://youtu.be/3Gpk_0RU3PM
- How 1inch.Exchange 2.0 works, features, advantages, updates: https://youtu.be/kOZhlHy38Sg
- Will Ethereum 2.0 raise ETH’s price to a sacramental $1,000?!: https://youtu.be/szTyU50CVF8
- No good tokenomics - no future for the project!: https://youtu.be/NLnX7zMJZ9E
The latest stats from QDAO DeFi PULSE:
Number of active users — 9376
Total amount of users’ funds:
3167590.1223 XRP
999.6665497 ETH
191.59653756 BTC
20521502.62 ADA
...and more.
Current users’ interest balance:
58724.757315 XRP
24.4511277335 ETH
3.721895654 BTC
278784.4809004 ADA
...and more.
Number of withdrawals made: 8275
Want to be the first to hear QDAO DeFi news and updates? Visit our website and stay in touch with us on social media: Twitter, Facebook, Telegram, LINE and LINE 2 for the Japanese-speaking community.
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