Daily Notes: 16-11-2023
Today's newsletter is sponsored by Pendle Finance.
Pendle Finance is a DeFi protocol that allows users to tokenize and trade future yields from staked assets and real-world assets.
Spartan Capital recently made an additional investment in Pendle through an OTC purchase to support Pendle's continued growth and expansion into new areas like real-world asset derivatives.
You can check out the different products and yield opportunities Pendle is offering here.
Developments
- South Korea’s National Pension Service (NPS) purchased $20 million worth of Coinbase shares (COIN). source
- PancakeSwap has released a gaming marketplace which will allow developers to integrate CAKE, PancakeSwap’s native token, and publish their games for players to enjoy. source
- BlackRock has officially filed for a spot Ether ETF with the SEC. source
- The Philippines will be offering $179 million of 1 year tokenized treasury bonds. Its interest rate is to be determined on the 20th November 2023 through book building. source
- Polygon’s gas fee skyrocketed to as high as 4000 gwei as the number of transactions on the network peaked to its highest since 2021 at 6.1 million transactions. This inflow is likely to be due to Polygon’s inscription event of PRC-20 POLs. source
- Bitcoin Ordinals NFT ‘Taproot Wizards’ announced that they have raised $7.5 million dollars in a round led by Standard Crypto. source
- Tether will be investing $500 million over the next six months to build out its own Bitcoin mining facilities in three countries. source
- Aave companies will be renamed to ‘Avara’ as it acquires a crypto wallet called “Family”. source
Trending Assets and Volumes
- Tough day for cryptocurrency markets overall.
- RUNE had a good day, and is up 5.70%, followed by REN, which is up 1.39%. CRV is up 0.86%.
- Large caps underperformed over the past day. AVAX has been relatively strong.
- crvUSD and RLB continue to dominate onchain trading volume.
TVL
- Maple, multichain RWA, TVL grew by 85.46%.
- Linea Bridge, TVL grew by 21.02%.
- WOO X, CEX, TVL grew by 16.60%.
Fees
- Curve DEX fees earned are up 58.98% over the past day.
- Trader Joe fees earned are up 37.14% and are in the top 20, following increased volume on Avalanche C-Chain.
Articles
- STFX has introduced staking tiers that allow traders who stake the $STFX token to increase the performance fees they earn from 15% up to a maximum of 20% on each trade they manage. This represents a potential 33% increase in profits for staking traders. source
Full notes here:
https://x.com/asxn_r/status/1725278912345768358
Today's newsletter is sponsored by Pendle Finance.
Pendle Finance is a DeFi protocol that allows users to tokenize and trade future yields from staked assets and real-world assets.
Spartan Capital recently made an additional investment in Pendle through an OTC purchase to support Pendle's continued growth and expansion into new areas like real-world asset derivatives.
You can check out the different products and yield opportunities Pendle is offering here.
Developments
- South Korea’s National Pension Service (NPS) purchased $20 million worth of Coinbase shares (COIN). source
- PancakeSwap has released a gaming marketplace which will allow developers to integrate CAKE, PancakeSwap’s native token, and publish their games for players to enjoy. source
- BlackRock has officially filed for a spot Ether ETF with the SEC. source
- The Philippines will be offering $179 million of 1 year tokenized treasury bonds. Its interest rate is to be determined on the 20th November 2023 through book building. source
- Polygon’s gas fee skyrocketed to as high as 4000 gwei as the number of transactions on the network peaked to its highest since 2021 at 6.1 million transactions. This inflow is likely to be due to Polygon’s inscription event of PRC-20 POLs. source
- Bitcoin Ordinals NFT ‘Taproot Wizards’ announced that they have raised $7.5 million dollars in a round led by Standard Crypto. source
- Tether will be investing $500 million over the next six months to build out its own Bitcoin mining facilities in three countries. source
- Aave companies will be renamed to ‘Avara’ as it acquires a crypto wallet called “Family”. source
Trending Assets and Volumes
- Tough day for cryptocurrency markets overall.
- RUNE had a good day, and is up 5.70%, followed by REN, which is up 1.39%. CRV is up 0.86%.
- Large caps underperformed over the past day. AVAX has been relatively strong.
- crvUSD and RLB continue to dominate onchain trading volume.
TVL
- Maple, multichain RWA, TVL grew by 85.46%.
- Linea Bridge, TVL grew by 21.02%.
- WOO X, CEX, TVL grew by 16.60%.
Fees
- Curve DEX fees earned are up 58.98% over the past day.
- Trader Joe fees earned are up 37.14% and are in the top 20, following increased volume on Avalanche C-Chain.
Articles
- STFX has introduced staking tiers that allow traders who stake the $STFX token to increase the performance fees they earn from 15% up to a maximum of 20% on each trade they manage. This represents a potential 33% increase in profits for staking traders. source
Full notes here:
https://x.com/asxn_r/status/1725278912345768358