BREAD | ∑:
BREAD | ∑:
BTC+1.16%
AAVE-1.53%
ETH+0.03%
DOT+2.12%
ASTR+1.10%
I want to keep my eye on BTC utilization in DeFi to ward off the blackpill spirits. So, I tracked which was being more-used "as money" in Hydration since it has incentives for both. Turns out it's just crazily-farmed and you can't really derive anything useful from it. BTC isn't being used at all, while ETH is running 72% of it's TVL in 24hr vol, which outpaces even native tokens (which themselves trail stables). ETH v BTC utilization in DeFi is going to be a huge predictor for the success of both chains.
Gallery 1
The Modern Market Show
The Modern Market Show
The new farms on @hydration_net went live a couple days ago with generous yield for stablecoin enjoyers and BTC yield farmers. This time the rewards are mostly distributed in $GDOT. @legendarygainz_ breaks down how it works and what the current opportunity is. In partnership with @Polkadot.
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