Daily Notes 15-01-2024
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.
Pendle Finance is moving into the liquid restaking token and liquid staking token sectors by partnering with EtherFi.
Pendle is pioneering a yield market where users can stack LRTs to earn additional yields, and will enable users to earn LRT rewards from staked ETH.
You can check out Pendle here:
Developments
Rabby Hints at Potential Token Launch with Upcoming Snapshot
Rabby teases a snapshot for a possible upcoming token launch.
HTX Burns Over 2.95 Million HT in Q3 2023, Totalling $760 Million to Date
HTX burnt 2,957,926 HT ($7.4 million) in the 3rd quarter of 2023. HTX burns 20% of all revenues through a HT buyback and burn mechanism.
Renzo Raises $3.2 Million in Seed Funding for Liquid Restaking and Strategy Management
Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, raised $3.2 million at a $25 million valuation in a seed round led by Maven 11.
Manta Network Releases Tokenomics for MANTA, Announces Airdrop
Manta Network’s, a multi-modular ecosystem for zero-knowledge applications, released the tokenomics for MANTA.
BendDAO Introduces Debt Swap Feature for ETH and USDT
BendDAO announces new Debt Swap feature which will “enable swapping the borrowed position between ETH and USDT”.
Kamino Finance Increases JitoSOL Vault Cap, Announces New Incentives
Kamino Finance raises the cap for their JitoSOL vault by $2.5 million. The vault will be receiving 75,000 JTO in incentives this month.
Opensea 2.0 to Feature Solana NFTs and Ordinal Inscriptions
Opensea 2.0 will track the popularity of Solana NFTs and ordinal inscriptions. 2.0 will also display ticket NFTs on the calendar.
Digital Asset Fund Flows Reach $1.18 Billion, Driven by Bitcoin and Ethereum
Digital asset fund weekly flows reached $1.18 billion.
Neon Proposes Aave V3 Deployment on Neon EVM Mainnet
Neon has posted a temperature check in Aave’s Governance forum to propose the deployment of Aave V3 on the Neon EVM mainnet.
Trending Assets
Below $100M MC by performance, on chain
RSTK, Restake Finance - a modular liquid restaking for EigenLayer, is up 21.3%, NEXT, Connext - an interoperability and bridging protocol, is up 17.36% and UNIT, Uni Terminal - a all-in-one trading terminal, up 16.56%.
Above $100M MC by performance, on chain
OX, up 16.66%, and UNIBOT, up 13.39%, were top performers for tokens above $100M MC.
Above $1B MC by performance, on chain
MNT, LINK and INJ, all up around 1%, showed strength despite the weakness in large caps.
Trading Volumes
LINK, FLC, crvUSD, MKR and INJ dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
Aftermath AMM, DEX on Sui, TVL grew by 55.60%.
Helio Protocol, CDP on BNB, TVL grew by 32.57%.
KriyaDEX, DEX on Sui, TVL grew by 32.49%.
Fees
MetaMask fees are earned up 107.2% to $364,259, Arbitrum fees are earned up 1048% to $211,751 and Solana fees are earned up 27.61% to $292,549
Disclaimer:
The information and services above are not intended to and shall not be used as investment advice.
You should consult with financial advisors before acting on any of the information and services. ASXN and ASXN staff are not investment advisors, do not represent or advise clients in any matter and are not bound by the professional responsibilities and duties of a financial advisor.
Nothing in the information and service, nor any receipt or use of such information or services, shall be construed or relied on as advertising or soliciting to provide any financial services.
