Multichain #DeFi exchange & aggregator on 13 chains⚡Swap at the best rates⚡LPs earn more | $KNC alpha: http://Discord.gg/kyberswap | TG: http://t.me/kybernetwork
My friends from KyberSwap are one of the OGs in the space. They launched in 2017 and since then they have built the most integrated DEX aggregator with over 70 DEXes on 14 chains.
They have a unique concentrated liquidity design. Liquidity Providers do get not only high fees from the trading pools but also extra farming rewards on top of them.
Kyber also reworked Discovery Tool into KyberAI which brings a lot of insights about the market but it is still in Beta. I will update you when it is available for everyone.
The latest update
New liquidity mining opportunities with @swellnetworkio's $swETH-$ETH dynamic farms on KyberSwap Elastic @arbitrum.
Maximize yield, earn $KNC and $USDC rewards: here 🚀
2/➯ Updates & Upgrades in DeFi
① MetaMask has launched Sell, a new feature that allows users to seamlessly cash out their crypto for fiat (PayPal or your bank account)
The Coinbase L2 network Base had a block production issue for 45 minutes. The team fixed it and confirmed that the network is now back to normal
Status at the time of writing👇
④ ARK files with SEC for Ethereum ETF
⑤ First multisig on Starknet mainnet
⑥ Mozaic x Google Cloud Web3 Startup Program
⑦ Polygon zkEVM upgrade completed
This update introduces the latest versions of both the Node and Prover components.
⑧ Stake co-founder response to hack
⑨ HyperliquidX adds LayerZero pre-launch perps
⑩ 1inch proposal to stake $1M DAI for sDAI
⑪ CatalystAMM introduces Catalyst Missions
⑫ Lybra Finance v2 Mining Program
3/➯ Macro Metrics 📈
① Energy remains the cheapest sector in the market: Renaissance Macro’s Jeff DeGraaf
② Bank of Canada holds rates but says further hikes possible
③ Saudi push for $100 oil poses a new headache for the Biden administration.
Rising energy prices during re-election bid. Biden used half of the Strategic Petroleum Reserve (SPR) to manage prices.
④ Cash Rates vs Bond Yields — Global Perspective:
For bonds to perform well and yields to drop in developed markets, cash rates must peak and central bankers need to switch to rate cutting. EM central banks have already begun this process after being the first to shift to hiking in 2021 Source: Chart of the Week - Bond Yields vs Cash Rates
⑤ US Treasury Yields vs Long-Term Inflation Rate
Cautionary chart: The long-term inflation model suggests an upside for US 10-year yields. An indicator appears to be peaking, but higher for longer possible if inflation maintains. Break vs downtrend makes people bearish on bonds.
⑨ Jeez, U.S. banks have lost deposits for 5 quarters in a row - @JackFarley96
4/➯⛓️On-Chain Data
① Arkham identifies assets of Grayscale Bitcoin Trust, the world's second-largest BTC entity with $16B+.
Also confirms Grayscale Ethereum Trust as the second largest ETH holding entity with $5B+.
② Bitcoin network settlement is stagnant at $2.63B, only $660M (25%) away from the lowest point of $1.97B, indicating a substantial slowdown in network settlement @glassnode
③ The highest concentration of liquidity in the Uniswap Pool c
④ Protocols that tokenize real-world assets - @Dynamo_Patrick
② Binance is returning $3.2 million to users after scammers deposited stolen funds onto the exchange
③ BTC bull market began in March, and more will be realized in a year — Arthur Hayes
④ Bitcoin Miner Riot Platform Made a Record $31 Million From Power Credits in August
⑤ Blockchain Privacy and Regulatory Compliance - Vitalik Buterin
⑥ Binance executives leave amid Russia business re-evaluation.
Gleb Kostarev and Vladimir Smerkis announce their departures on Facebook. Binance is considering withdrawing from Russia.
⑦ Story Protocol Launches IP Ownership Network with $54 Million in Funding
Story Protocol, an on-chain intellectual property protocol, completed a $25 million Series A round of financing.
Led by a16z crypto, with participation from investors including Hashed, Endeavor, Samsung Next, etc. The protocol facilitates the creation, management, and licensing of intellectual property on-chain.
⑧ Kraken gradually rolling out PayPal deposits in UK and Europe
⑨ Solana announced the Hyperdrive Hackathon
Solana announced the Hyperdrive Hackathon from September 6th to October 15th, offering $1 million in prizes and seed funding. Themes include DePIN, AI, DeFi, payments, DAO, etc.
6/➯ Alpha by Threadors
① Shoal Research thread on New Derivatives - @Shoalresearch
② Fundamental projects have the potential to generate 5-10x returns with less risk - @wacy_time
