🌶 DeFi is on fire. Key DeFi Events part 2

💲Amid the 2021 crypto bull run, the decentralized finance markets have more than doubled in total value locked year to date.

💲DeFi is primarily linked to Ethereum as an asset since a majority of protocols and dApps are built on the Ethereum blockchain.

💲The dominating DEX is Curve Finance, holding over 30% of the total value locked in all DEXs. But there is high probability that most of DeFi will remain on the sidelines because of fucking high commission on ETH transactions.

💲The one, who will continue to expand and flourish is 1inch DEX-aggregator.1Inch Expands to Binance Smart Chain Citing ETH Gas Fees.

💲The 1INCH token on Binance Smart Chain will be used for a bridge between the Binance and Ethereum networks.1inch users will get access to PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap, BakerySwap, and other Binance-based DEXes and lending protocols.

💲Moreover, 1inch added BNB-1INCH pool to its farming program. Over a four-week period, 0.01% of the 1INCH total supply will be distributed among liquidity providers.

Comparison of the Polkadot and Ethereum ecosystems in terms of potential parachains on the Polkadot network and their competitors on the Ethereum network

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More than 600,000 people have joined Chainge Finance's DeFi-app waiting list 😮

Chainge Finance is a DeFi-project that is developing a mobile app for online banking on the Fusion blockchain platform.

The company announced the release of the mobile app on Jan. 6, 2021. To get on the waiting list, you need to connect your social network account: at registration or in your personal account. Waitlist members receive CHNG management tokens.

Fusion's main goal is to combine existing blockchains on one platform using Distributed Control Rights Management (DCRM), Atomic Transaction (Atomic Transaction) and Hierarchical Hybrid Consensus Mechanism (HHCM) technologies.

Chainge Finance awards CHNG tokens to users for registering on the site and participating in a referral program. The project plans to redeem and burn CHNG quarterly for 25% of its profits to maintain the token price.

Soon the whole world will understand the value of the limited emission of bitcoin. This will be facilitated by the liquidity crisis in the United States after the giant injections of stimulus packages. You cannot keep your economy from collapsing by artificial measures for many years. Trillions of support packages provide deferral, but don't fix the problem. As a pain reliever for a sore tooth.

Now even the most ardent critics of cryptocurrencies understand this. Bitcoin will always be independent from governments. The collapse of the dollar will automatically further accelerate the growth of military-technical cooperation and bring it to a new level of recognition in the world. All this is just a matter of time.

The QDAO airdrop bot is coming in less than a week! To receive your share of QDAO tokens: connect your wallet to Q DeFi Rating and follow @platinumqdao. (twitter) You can get up to $500 worth of QDAO tokens, the transaction costs will be covered. 😏

🌶 Key DeFi Events You Should Know About:

▪️Compound gateway
In short: The Compound team presents the COMP-driven Substrate blockchain mechanics that will provide a cross-chain interest rate marketplace.

▪️BarnBridge SMART Yield Specs
BarnBridge is releasing a specification for the SMART Yield system that "allows users to transfer income from debt pools of other projects such as Aave, Compound, Cream or Yearn Finance."

▪️New Governance token from Babylon.finance
The community-led Asset Management Protocol introduces its BABL governance token.

▪️Partners of Yearn Partners
Yearn Yield Aggregator Project launches its Yearn Partners program, which will create “White Label Solutions for yVaults”.

▪️UMA Airdrop
The UMA Protocol Draft will airdrop uTVL KPIs to 5 different DeFi management communities.

Open interest in Bitcoin futures peaked at an all-time high of $ 20 billion.

The market has been growing for exactly one year, and growth is still healthy. Problems will start when the uptrend and OI diverge.

Bitcoin is not only the Internet of money, monetized at the level of the basic protocol, but also the newest movement of intellectuals, whose ideas are immediately embodied. If you “drown for bitcoin” without buying it, then your understanding is still fragmentary. If you have already bought without fully understanding, you will soon sell, so that after years you will understand that it was a mistake. HODL is staking, but not at the service level, but at the ideological level. This is a vote in favor of your candidate, but transboundary and stretched over time.

The NFT market exceeded $ 420 million with ~ 5.4 million in sales. This market is expected to surpass $ 1.3 billion this year. Another crypto frenzy has skyrocketed.

Interesting data from analysts: holders with at least three years of experience (green) continue to accumulate bitcoins. At the same time, newbies who are associated with cryptocurrency for 6 to 12 months (pink) get rid of the coins.

Oh, these emotions.

➕ Monthly DEX volume by projects. Y-axis - billions of $

One of the best Bitcoin indicators MVRV does a very good job of finding the extremes of global cycles. Now it is at around 10, a cycle reversal can be expected when it reaches 20+. In 2017, the price of 4500 corresponded to the 10 mark, after which there was an increase of more than 4 times.

The fall in the BTC by less than 10% per day led to the liquidation of futures for $ 1.6 billion throughout the market. The seventh result in history.

And what is obvious according to the schedule, only longs are taken out. Time to endure the shorts.

The market is flooded with blood.

Blockchain ecosystem Avalanche.

🦉 Avalanche is an open source platform for running decentralized applications, new financial instruments and interoperable blockchains.

Glassnode sees a slowdown in profit-taking dynamics reflected in the metric of bitcoin days destroyed. Apparently, the peak selling pressure on the market was at the end of January.

🔥PayPal rolled out the news that the American clients of the payment giant will be able to use cryptocurrency (BTC, ETH, LTC, BCH) to pay in a huge number of stores connected to the system. During the operation, the cryptocurrency will be converted to fiat.

Thanks to this decision, the world is actually one step away from the really mass adoption of crypts in life. What was dreamed of in 2017 in the wildest fantasies in 2021 is a common fact in life. We live in an amazing time, gentlemen!

❗️Uniswap V3. Flexible fees

Flexible commissions are also another interesting addition as they increase LP rewards for delivering to more volatile pairs. Pools that are subject to significant volatility will have higher swap fees to accommodate IL risk and improve LP performance.

In addition, in the second version, Uniswap V2 introduced an additional rate of 0.05% (16.66% of the swap fee) allocated to the corporate governance treasury. In version 3, this rate is set for each pool from 10% to 25% of the LP commission.

This is how it looks using basic math:

Also, there were no details that these proceeds from the protocol would be credited to the UNI holders - all this is still in the air, but do you already understand what lies ahead?

CoinMarketCap has gone a little crazy and shows the price of bitcoin about $ 500-700 more than it is on the market or even on Binance 🤨

Bitcoin is correcting, the next strong support at $ 56,600 may well reverse. But if the fall continues, the road opens up to $ 50,000 with all the ensuing consequences for altcoins 😳

Today is a holiday for XRP holders, overnight the coin has grown by 20% to $ 0.73. The reason was the news that the court satisfied the Ripple petition to partially conceal the correspondence of the company's CEO and rumors about the preparation of the Coinbase crypto exchange to restore XRP trading 🥳

BitTorrent made another + 60% per day and at some point even hit the top 10 cryptocurrencies in terms of capitalization. TRON is growing behind it, the current rate is $ 0.136 🤑