The decentralized finance (DeFi) ecosystem continues to struggle with the ongoing market volatility and after-effects of the Terra ecosystem collapse. Over the past week, major DeFi protocols showed signs of increased trading activity, with Uniswap breaching the $1 trillion trading volume mark.
Terra remained the focus of most of the discussions around blockchain and crypto at the Svetski ekonomski forum (WEF), with analysts suggesting Terra was offering unsustainable yields. DeFi insurance protocol to pay out millions after Terra collapse, while interest in Ethereum Name Services (ENS) shattered new records.
Top DeFi tokens by market cap had a mixed week of price action, with several tokens in the top 100 registering double-digit gains over the past week, while many others continue to trade in the red.
WEF 2022: Terra was offering unsustainable yields and DeFi can support financial inclusion
Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr, hosted a panel discussion centered around DeFi titled “Programmable Money is Here — and It’s Changing the World as We Know It.”
Coral Capital’s Horsman shared that the Terra crisis partly occurred because “they were essentially offering yields that were unsustainable, and [that] there were venture capital firms that were bootstrapping those yields in order to bootstrap an ecosystem.” He noted that his firm decided to withdraw funds from the project in November–December 2021 after their reserve modeling data predicted worrying calculations for the future.
InsurAce says it will pay millions to claimants after Terra’s collapse
DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the TerraUSD (UST) depegging event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.
InsurAce (INSUR) is the third-largest insurance provider for decentralizovane finansije (DeFi) protocols, with a market cap of $15 million. On May 13, InsurAce caused a stir when it announced it had shortened the claims window for those with cover related to Anchor (ANC), Mirror (MIR), and stablecoin UST following the collapse of the Terra layer-1 blockchain.
Uniswap iznosi 1T dolara po obimu - ali koristi ga samo 3.9 miliona adresa
Decentralizirana razmjena (DEX) Uniswap je premašio 1 bilion dolara ukupnog obima trgovine od lansiranja na Ethereumu krajem 2018.
Međutim, to dolazi iz relativno male baze korisnika, što ukazuje da postoji veliki potencijal za rast. Prema podacima Uniswap Labs-a, koji daju veliki doprinos razvoju protokola i ekosistema, broj DEX-ovih kumulativnih adresa dostigao je oko 3.9 miliona ovog mjeseca nakon nešto više od tri godine.
Interes za Ethereum Name Service dostiže 'kritičnu masu'
The Ethereum Name Service is having its best month on record for new registrations, account renewals and revenue, thanks to community awareness and low gas fees.
Lead developer at ENS Nick Johnson tweeted on Monday that the metrics for the Web3 domain service through May so far. He noted that numbers were poised to shatter existing records because they were already at all-time highs, “and there’s still a week of May left.”
Pregled tržišta DeFi
Analytical data reveals that DeFi’s total value locked continued to show outflow in the past week as well, falling to $79 billion, a $5 billion decline over the past week. Data from Cointelegraph Markets Pro i TradingView otkriva da je DeFi-jevih 100 najboljih tokena po tržišnoj kapitalizaciji registrovalo sedmicu ispunjenu promjenjivim cijenama i stalnim medvjeđim pritiskom.
Majority of the DeFi tokens in the top-100 ranking by market cap traded in red, barring a few. Aave (GHOST) was the biggest gainer with a 15% surge, followed by Loopring (LRC) with 14%. Tezos (XTZ) saw an11% price rise while Kava (KAVA) grew by 10%.
Prije nego odeš!
Do Kown’s Terra revival proposal finally got approved. Kwon’s “Terra Ecosystem Restoration Plan” is to create new coins and give them out to investors who lost money. “Let’s call the existing Terra blockchain network ‘Terra Classic,’ and the present Luna blockchain, ‘Luna Classic,’ and create a new Terra blockchain,” CEO Kwon tweeted on May 18.
Hvala vam što ste pročitali naš sažetak ovonedeljnih najuticajnijih DeFi razvoja. Pridružite nam se ponovo sljedećeg petka za više priča, uvida i obrazovanja u ovom dinamično napredujućem prostoru.
Source: https://cointelegraph.com/news/finance-redefined-uniswap-breaches-1t-volume-wef-2022-discussion-on-terra-and-more