Daily Crypto NewsEDITION #11, 23 September 2021

Yield Duck: The beginning of the end, or...? Edition №11

Hey Moni Maker

And I tell him...why eat cabbage when there are potatoes? Ha-ha-ha! What else have you got to eat? The market is...

Never mind. I heard you this time. I heard the guys from Delta.Theta и Moni Talks come in. Handsome, polo shirts, T-shirts. Came in to hear some cringe from Grandpa Yield Duck from Farm Milka Ranch...Ugh.

What's up with the market? Let's walk!

Were you waiting for the Bullrun? Chill out and forget, bro! Okay, I'm sorry... A little FUD from American administrators shook up the market. After all, nothing can grow forever. Sometimes you have to take a step back and then take ten steps forward. Who knows, maybe amid correction of the fund, the new big guys will come to crypto, maybe not... Anyway, DeFi allows you to be a Moni Maker regardless of the overall market conditions! TVL only went down by a 1b. Listen to me, listen…

Ethereum

Old boy Ethereum naturally sagged a bit. Almost all projects are down, with few exceptions. Curve is now the dominator in the network; it took over the palm from InstaDapp.

Champion of the week: Alchemix (+67.5%)

BSC

Experts say that half of the BSC on-chain activity in August was in games. It seems that they decided to look for strength in games, because the rest is stagnating.

Gainer of the week: dForce (+106%)

Polygon

POLYGON TVL continues to crawl downward tactically. Nevertheless, the project team is hustling: they make a new bridge, try to work with E&Y (consulting), and come up with something in games. In the long run, there's a good chance of a comeback...

Leader of the week: Hop Protocol (+76.54%)

Solana

After an exponential (what the f@ck do I remember the word for) growth, SOLANA TVL is going down. I think this is a natural correction after such an upswing. Institutionalists are still bullish on the token and the ecosystem as a whole. Let's see...

Absolute dominator of the week: Larix (+9650%). WHAT?

The little AVALANCHE baby looks good against the general background. TVL even could gain something for this week. Unfortunately, everything that is trending attracts a lot of attention from hackers: VEE lost $35m.

The beauty of the week: Penguin Finance (+3892%). Crazy...

Projects’ News

MakerDAO (DAO)

The MakerDAO team is trying to communicate with lawmakers. Staffers in Senator Warren's office have revealed that they are not interested in DeFi at all: a Twitter post showed a screenshot where a MakerDAO delegate claims to have spent most of his time convincing Warren that Maker is not the same project as DAO. At the same time, DAO is a failed project that underwent a significant hack before dying in 2016.

Sushiswap (SUSHI)

The anonymous leader of the popular decentralized exchange, SushiSwap, announced his resignation as head of the project. The appeal was published on Twitter. The reasons for this decision and further plans of the developer under the pseudonym Maki are unknown.

PancakeSwap (CAKE)

The CAKE community is voting on the creation of an APENFT farming pool. The goal of this project is to register world-class works of art as non-exchangeable tokens (NFTs) on the blockchain.

yearn.finance (YFI)

The YFI team has announced the release of yearn.finance v3 UI. The new UI is still in beta, but it can test it now.

The list of key innovations:

New “Labs” section to serve as a home for more experimental vaults;

Fully integrated Iron Bank with dust-free loan repayments and withdrawals;

Completely redesigned experience for mobile;

Multiple UI themes, with unique unlockable themes for Yearn NFT holders coming soon. You’ll notice for all screenshots, the cyberpunk theme (find it under settings) is used.

And now I'm going to share some interesting farming ideas with you. I've listed them down into three parts by risk profile: low, medium, and high (IT’S REALLY DANGEROUS).

Even though Delta.Theta did a good analysis, DYOR on your part is necessary! DYOR is a f@cking mask when you walk into a store! You can't go into projects without it! Gooooo!

Low Risk

Modest, but your funds will be very SAFU. Look here.

Medium Risk

If you like to farm on Pancake and don't know what to do with your CAKEs, throw them here. It should turn out pretty good. DYOR!

High Risk

Oh, so juicy APY we have here, hmm? That's the new protocol on Terra! It's a great excuse to get up close and personal with the increasingly popular ecosystem! But beware of safety, son...

Anyway, if you lose the money, don't even think about coming to my ranch. I'll cut your ass off and you won't be able to sit in crypto anymore. All right, I'm kidding. I'm gonna go finish my milk and go to sleep.

Follow my homies everywhere. Otherwise, there won't be any more digests!

Delta.Theta: Twitter and Telegram.

Moni Talks: Twitter and Telegram. And leave your feedback in the chat. If you don't, I'll shoot you in the face. See, farmer.