DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest - Decrypt

The total value deposited into DeFi contracts on the Base network reaches an all-time high of $301.2 million due to liquidity mining incentives on the Aerodrome decentralized exchange, while lending protocols like Aave on the Ethereum layer-2 see scarce liquidity.

decrypt.co

Relevant topic timeline:

8/23/2023

DeFi is bleeding: Ethereum, Solana, and Cardano are losing TVL

The decentralized finance (DeFi) landscape is experiencing a significant loss of Total Value Locked (TVL) across major blockchain networks, including Ethereum, Solana, and Cardano, causing unease in the crypto market, while the Base blockchain network shows unexpected growth in TVL.

8/31/2023

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

Aerodrome, a cross-chain DeFi platform, has attracted over $150 million in locked value within 24 hours of launch, aiming to support projects and generate liquidity for the Base ecosystem by rewarding users with AERO tokens for providing liquidity, conducting swaps, and participating in governance.

8/31/2023

Why DeFi’s Woes May Be Existential

Hackers have targeted decentralized finance (DeFi) protocols almost 500 times since 2019, stealing a total of $6 billion, highlighting the vulnerabilities of the smart contracts that underpin DeFi platforms. The recent surge in hacks, along with declining market share and increasing interest rates, has led to the closure of several platforms and calls for regulations to prevent money laundering and enhance security measures.

9/8/2023

DeFi's Future Growth and Regulation in Focus as Binance CEO Predicts Boom, CFTC Cracks Down, and BIS Questions Real-World Use

Binance CEO predicts that DeFi will surpass centralized finance in the next bull run, while the US CFTC takes regulatory action against three DeFi protocols for alleged registration failures; a report from the Bank for International Settlements argues that pure DeFi has little use case in the real world due to the need for oracles; Binance is refunding $1 million to users over a token incident, and the Shiba Inu ecosystem's layer-2 network, Shibarium, has reached over one million wallets but has yet to impact the price of SHIB token.

9/11/2023

Seamless Protocol Launches On-Chain Undercollateralized Borrowing via Preset Strategies

Seamless Protocol, a collaboration between several DeFi developers, has introduced a non-custodial liquidity market on layer-2 network Base, allowing smart contracts with predetermined borrowing strategies to conduct undercollateralized borrowing on-chain.

Topics

Posted 8/31/2023, 10:50:17 AM

DeFi Deposits on Base Soar as Yield Farmers Plant Aerodrome Harvest - Decrypt

decrypt.co

Relevant topic timeline:

8/23/2023

DeFi is bleeding: Ethereum, Solana, and Cardano are losing TVL

8/31/2023

Aerodrome Fanatics Deposit $150M to Base Blockchain on First Day

8/31/2023

Why DeFi’s Woes May Be Existential

9/8/2023

DeFi's Future Growth and Regulation in Focus as Binance CEO Predicts Boom, CFTC Cracks Down, and BIS Questions Real-World Use

9/11/2023

Seamless Protocol Launches On-Chain Undercollateralized Borrowing via Preset Strategies