Research Summary
The report provides a comprehensive overview of the latest developments in the DeFi space, spotlighting projects like Kyberswap and Asymetrix. It also covers updates and upgrades in DeFi, Alpha by Threadors & Good Reads, OnChain & Macro & News, and Exploits & Bugs. The report also provides insights into the latest on-chain data and macro metrics.
Key Takeaways
Spotlight on Kyberswap and Asymetrix
- Kyberswap: The report highlights Kyberswap, a multichain DeFi exchange and aggregator on 13 chains. It has a unique concentrated liquidity design and has reworked its Discovery Tool into KyberAI, which provides market insights.
- Asymetrix: Asymetrix, a decentralized, non-custodial protocol for asymmetric yields distribution generated from staking, is also spotlighted. Users deposit stETH tokens into the Asymetrix protocol, receiving Pool Share Tokens (PST) in a 1:1 ratio.
Updates & Upgrades in DeFi
- Uniswap: Uniswap is implementing a 0.15% swap fee for certain tokens on its webapp and wallet.
- Coinbase: Coinbase is introducing a perpetual futures market.
- Pyth.Network: Pyth.Network’s Tokenomicks is highlighted in the report.
Alpha by Threadors & Good Reads
- Avalanche: The report discusses Avalanche’s Subnets as RWA Infrastructure.
- Electric Capital: Electric Capital’s Developer October Update is covered.
- State Of Crypto Fundraising: The report provides a summary of the state of crypto fundraising in Q3 2023.
On-Chain Data
- Uniswap Labs: Uniswap Labs’ new Interface Fee generated $88K in the first 24 hours.
- Stablecoins: Stablecoins are now the 16th largest sovereign holder of treasuries.
- ETH: Over 1,000 ETH has been bridged to Scroll.
Exploits & Bugs
- EVER tokens: A large number of EVER tokens have been stolen.
- Platypusdefi: Platypusdefi has received 90% of stolen funds.
- Fantom Foundation: Fantom Foundation confirms $550,000 stolen from one of its wallets.
Actionable Insights
- Investigate the Potential of Kyberswap: With its unique concentrated liquidity design and KyberAI tool, Kyberswap presents an interesting case for DeFi enthusiasts.
- Explore Asymetrix: Asymetrix’s non-custodial protocol for asymmetric yields distribution generated from staking could be worth exploring for those interested in staking.
- Stay Updated with DeFi Developments: Keeping abreast of updates and upgrades in the DeFi space, such as Uniswap’s new swap fee and Coinbase’s perpetual futures market, can provide valuable insights.
- Monitor On-Chain Data: On-chain data, such as Uniswap Labs’ Interface Fee earnings and the amount of ETH bridged to Scroll, can provide useful indicators of market trends.
- Be Aware of Security Risks: The report’s coverage of recent exploits and bugs serves as a reminder of the security risks inherent in the crypto space.
