Chainfeeds Introduction:
DeFi is one of the few tracks that can generate real yield and is also the cornerstone of overall market liquidity. Aave, dydx, MakerDAO and Uniswap have huge overall locked-in amounts and are also the absolute leaders in this track. FMGResearch conducted data analysis on these projects.
Source:
https://foresightnews.pro/article/detail/68158
Article author:
FutureMoney Group
Viewpoint:
FutureMoney Group: Aave is currently leading the entire DeFi sector. Aave is currently the top lending platform in the market. Since the outbreak of DeFi Summer in 2020, it has experienced peaks and troughs and has withstood the long-term market test. In the box oscillation area of $50-$110 for 2 years, it has shown a trend of moving out of the box oscillation and rising in the past month. The main reason why Aave has performed so well recently is that token staking can earn protocol income. The Sky Aave Force proposal introduced will empower traditional finance with DeFi. In the past 30 days, the token rewards of Aave's distribution method have reached 1.59 million. Aave's platform token AAVE can be used for governance and earning passive income. Aave provides two staking methods for AAVE token holders. AAVE pledgers will bear up to 30% of the security risk of the entire protocol. In return, pledgers can receive AAVE token rewards and protocol income dividends. Currently, Aave receives about $300 million in fees each year, and the protocol income is more than $50 million. dYdX staking has been on an upward trend this month. The current v4 version of dydx allows you to earn dividends by staking dydx tokens, with an annualized rate of return ranging from 10% to 30%. The current estimated reward rate for dYdX is 18.44%. This means that if a dYdX staker holds an asset for 365 days, he or she can earn about 18.44% on average. 24 hours ago, dYdX's reward rate was 20.63%. 30 days ago, dYdX's reward rate was 13.56%. Today, the staking rate, or the percentage of eligible tokens currently staked, is 30.82%. On February 23, Erin Koen, head of governance at the Uniswap Foundation, made a proposal in the Uniswap governance forum advocating a fee mechanism to reward holders who have delegated and staked UNI tokens. This proposal brings the question of the utility of UNI tokens into the governance discussion, attracting widespread attention from holders and driving the rise of UNI and other DeFi tokens. However, the proposal is still in the discussion stage, and the profit-sharing proposal was postponed due to SEC regulatory pressure. According to Tokenterminal, Uniswap has generated a total of $306 million in liquidity provider (LP) fees in the past 180 days. If UNI holders are allowed to charge a ratio of 1/10 to 1/4, the expected revenue will be between $61 million and $153 million.
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