Base Picks Up Pace ($)
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- 🔵 Coinbase's L2 Base Hits $2B TVL. Base's total value locked is up 40% this month.
- 🏹 Robinhood Joins Other Fintechs Exploring Stablecoin Launch. The popular trading app could be getting into the stablecoin business.
- 🥭 Mango Markets Settles SEC Charges. The DeFi platform and its DAO were required to pay a $700K penalty and destroy their MNGO tokens.
📸 Daily Market Snapshot: Like clockwork, it's memecoin season yet again. After a strong couple of weeks of price action, heavyweights like PEPE, BONK, and NOT are mounting big run-ups today, all while newcomers like Solana's baby hippo-themed MOODENG, up 760% this week, blaze their own trail.
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.32T | ↗ 1.3% | ↗ 5.2% |
|
BTC $65,843 | ↗ 1.4% | ↗ 4.1% |
|
ETH $2,696 | ↗ 2.2% | ↗ 5.8% |
|
AERO $1.16 | ↗ 9.5% | ↗ 41.4% |
Earlier this week, we dug into how renewed conversations around Ethereum's execution abilities could spell promising returns for Lido investors.
Now, we've updated our free Bankless Guide for the liquid staking platform to give you the full rundown of why Lido exists and the opportunity it represents.
Dig into the free guide 👇
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🧑🌾 Farming Alpha: While BTC restaking yields remain attractive, declining excitement for the Ethereum-centric version has crushed ETH LRT yields on Pendle. Despite this, Aerodrome is offering attractive returns for depositors into its concentrated liquidity WETH-wstETH pool on Base, and various farms continue providing lucrative stablecoin returns.
Top Opps:
- 🟠 BTC: 13% APY with Fraxlend’s WBTC pool on Ethereum
- 🟠 BTC: 10% APY with Convex’s EBTC-tBTC pool on Ethereum
- 🟠 BTC: 8% APY with Pendle’s LBTC (Corn) PT on Ethereum
- 🟠 BTC: 7% APY with Pendle’s eBTC pool on Ethereum
- 🟠 BTC: 6% APR with Convex’s WBTC-tBTC pool on Ethereum
- 🔵 ETH: 43% APR with Aerodrome’s WETH-wstETH pool on Base
- 🔵 ETH: 6% APY with Pendle’s amphrETH PT on Ethereum
- 🟢 USD: 32% APR with Aerodrome’s DOLA-USDC pool on Base
- 🟢 USD: 22% APR with Convex’s crvUSD-sUSDe pool on Ethereum
- 🟢 USD: 14% APY with Pendle’s sUSDe PT on Ethereum
- 🟢 USD: 11% APY with Kamino’s PYUSD-USDC pool on Solana