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.
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Track your progress on the real-time Trading Leaderboard.
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2/➯ Updates & Upgrades in DeFi
① Bullish catalysts in Solana - partnership with Visa
② Prisma introduced the Prisma Point System
③ Base Ecosystem Fund announces first six investments
④ dYdX's Testnet 3 starts in 2 days.
⑤ Mina will be undergoing a major upgrade and ZK smart contracts will be introduced to the mainstream network
⑥ On 10 Sept, @SlowMist_Team discovered an operational issue in the $LDO token contract. Malicious actors have exploited it for "fake deposit" attacks on exchanges.
⑦ Astroport is moving from Terra to Neutron
⑧Privacy Abstraction with Aztec
⑨ Fuel's Fourth Public Testnet: Beta-4
⑩ MakerDAO proposes a $100M allocation to develop tokenized T-Bill products.
⑪ Yearn v3 docs are now live
3/➯ Macro Metrics 📈
① Saudi Arabia and China are reducing their US Treasury holdings significantly KobeissiLetter
Saudi Arabia's holdings dropped from $184 billion to $108 billion, down 41%.
China's holdings fell to a 14-year low of $835 billion, down 40% from its peak.
The global flight out of US Treasuries is concerning.
② Non-farm payroll numbers have been revised lower for 7 consecutive months, a trend last seen during the Great Financial Crisis.
Negative revisions continue after the July 2023 report. Historically, similar negative revision trends occurred during economic downturns. (@HedgeyeFIG)
Shanghai Composite vs S&P500 shows a wild picture. Chinese stock market reopened in the early 90s after a long closure due to war. It exhibits mean reversion with occasional booms and bubbles.
When will the switch be turned on? Cheap valuations compared to history, but stimulus is needed for a new bull market. Interesting chart with future opportunities.
⑤ Japan's 10y yield jumps to 0.71%, the highest since 2014 after hawkish comments from BoJ Governor Kazuo Ueda on the negative interest rate policy Schuldensuehner
Ueda says CenBank may have enough data by year-end to judge wage growth, a key factor in deciding super-easy policy
⑥ The US diesel stockpile is near a five-year seasonal low Mayhem4Markets
⑦ Oil became overbought recently, but the larger move may not be over yet Mayhem4Markets
Check the Federal Reserve's Financial Accounts of the United States - Z.1 report for the latest data on mortgage debt. In the mid-'00s, there was a significant increase due to the housing bubble.
In Q2 2023, mortgage debt increased $90 billion, up from $55 billion in Q1, and down from the cycle peak of $471 billion in Q2 2021. Note the almost 7 years of declining mortgage debt as distressed sales (foreclosures and short sales) wiped out a significant amount of debt.
However, some of this debt is being used to increase the housing stock (purchase new homes), so this isn’t all Mortgage Equity Withdrawal (MEW).
4/➯⛓️On-Chain Data
① A professional airdrop hunter owns 21,877 Sybil wallets on zkSync lingland09
They fund the wallets with a small amount of ETH and deploy non-open source GEM tokens. They created a non-open source dex for transactions between their wallets.
② Unusual Bitcoin block fee today: 1,982,108,632 sat ($510,000) paid for a 0.074 BTC transfer WuBlockchain
Largest USD fee to date. F2Pool will shelve the 20 BTC fee temporarily. If unclaimed in three days, it goes to miners.
③ This chart represents the success of the tireless efforts, broad conversations, and shared wisdom of the #Bitcoin education machine Checkmatey_
We engage with Bitcoin out of love and passion, not for financial gain. We believe it leads to a better world.
Keep pushing forward. We are all part of this movement, humbly growing our Bitcoin balance and changing ourselves and the world.
Bitcoin is a catalyst for positive change. It changes us for the better, and that's something to celebrate.
④ Friendtech TVL is up nearly 3X in a week as people realize it’s a yield farm and portfolio size contributes to points Dynamo_Patrick
Token PRINCE targets professional investors, aiming to raise HK$100 million. If approved, the tokens will be listed on HKbitEX for trading in the secondary market, reducing financing costs.
④ Coinbase will stop trading services in India by September 25
Indian users are advised to withdraw funds and are banned from registering on the exchange. Coinbase Wallet is recommended instead. Regulatory pressure in India has led to the departure of top executives.
⑤ This week, the US will release August CPI and PPI data, while the European Central Bank announces its interest rate decision.
Inflation Rate YoY is expected to rise from 3.2% to 3.4%; Core Inflation Rate YoY is expected to drop from 4.7% to 4.5%.
⑥ Animoca Brands raises $20 million to expand web3 identity project Mocaverse
