ON–195: DeFi 🫧 ✖ Mega Issue 💥
Synthetix Perps' open interest has surpassed the $200 million mark, with a significant portion, nearly $120 million, coming from non-ETH and non-BTC markets. This peak reflects the highest recorded onchain open interest for altcoins, indicating a diversification beyond major cryptocurrencies into Synthetix's extensive 80+ market offerings, including crypto, forex, and commodities. This data point is a testament to the protocol's ability to cater to a broad spectrum of traders and markets.
Backing Brahma – The Institutional-Grade Automated DeFi Management Suite
Brahma initially started as a DeFi structured products protocol, packaged in the form of vaults. While the vaults are still live and generating consistent yield for the depositors, the Brahma team decided to utilize the learnings from running a set of sophisticated DeFi strategies with custom monitoring and execution automated infrastructure to build Console – a product for broader DeFi.
Linea launches Voyage Wave 7: Trading, which will last until December 16
On December 9th, Linea announced the launch of Voyage: DeFi Wave 7: Trading on the X platform. The theme of this event is complex DeFi trading products, and it will last for 9 days until December 16th.<br>It is reported that the Linea Voyage: DeFi event will last for 6 weeks, with a total of 10 events and 10 core tasks. Users will be able to choose from over 80 DApps for interaction, covering aspects such as wallets, bridging, swap, lending, liquidity supply, yield farming, and more.
Sandwich Attacks: Are You on the Menu?
Explanation of “front running” risks in crypto and how to avoid them
Lybra Finance will issue 9,900 LBR grants to MYSO
Stablecoin issuer Lybra Finance announced it will grant 9,900 LBR tokens to DeFi lending platform MYSO. This grant will be used to create lending markets for eUSD, peUSD, and LBR on the Ethereum network, as well as to launch multiple credit markets by providing initial and smaller-scale seed funding.
DeFi platform Curvance completed US$3.6 million in seed round financing, with participation from Offchain Labs, Wormhole and others
On December 5th, DeFi platform Curvance announced the completion of a $3.6 million seed round financing, with participation from Offchain Labs, the developer of Arbitrum, Wormhole, and angel investors including Sandeep Nailwal, co-founder of Polygon. Curvance plans to use this funding to expand operations, support security audits, and recruit top talent in the DeFi market.<br>Curvance is a comprehensive service for the full-chain currency market, offering services for yield, LSDfi, tokenized treasury bills, and original assets.
DeFi network-wide lock-up volume has increased by US$15 billion since October 13
According to DefiLlama data, the total value locked (TVL) in DeFi has reached 50 billion US dollars for the first time in six months, increasing by 15 billion US dollars since October 13th. The latest data shows that DeFi TVL is 49.432 billion US dollars.
Jelly Labs AG and Fintonomy LTD Secure $2 Million Funding for Decentralized Finance Platform Jellyverse on DeFiMetaChain
Jelly Labs AG and Fintonomy LTD have raised $2 million in funding from private investors for Jellyverse, a decentralized finance platform built on DeFiMetaChain. The platform combines real-world price feeds with advanced DeFi applications, offering decentralized portfolios, bonds, lending, and staking alternatives. Jellyverse will be governed by a decentralized autonomous organization (DAO) using the JLY token for voting and revenue sharing. The JLY token allows users to vote for strategic decisions and stakers will receive a portion of transaction fees earned across all protocols. For more information, visit Jellyverse's website, Twitter, Reddit, or YouTube.
Jellyverse developer completes US$2 million in private financing to build DeFi 3.0
Jellyverse developer Jelly Labs AG and Fintonomy LTD announced that they have received $2 million in funding from private investors to support the development of the decentralized finance service platform Jellyverse.It is reported that Jellyverse was initiated by the core team of DeFiChain Accelerator, aiming to integrate real assets into the decentralized finance (DeFi) field and build the next generation of DeFi 3.0.
Network-wide DeFi protocol TVL exceeds US$50 billion
According to DefiLlama data, on December 4th, the total locked value (TVL) of DeFi protocols across the entire network exceeded 50 billion US dollars, an increase of 2.3% in the past 24 hours, including:<br>Lido has the highest TVL, at 21.1 billion US dollars, an increase of 4.19% in the past 24 hours;<br>Maker ranks second, at 8.7 billion US dollars, an increase of 2.59% in the past 24 hours;<br>AAVE ranks third, at 6.3 billion US dollars, an increase of 3.52% in the past 24 hours.
