The DeFi Investor đ
@TheDeFinvestor
Crypto Analyst. Sharing DeFi updates and crypto strategies. Subscribe to my blog to stay on top of trends:
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Pendle became the largest DeFi protocol by tokenized stocks TVL.
Its RWA TVL has only gone up recently.
Pendle team has always done a great job capitalizing on emerging narratives.
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New ATH for Uniswap's holders' revenue.
Uniswap is now the 6th-largest project by revenue passed to token holders and $UNI has been surging thanks to this.
The revenue meta is the best thing that has happened to this industry.
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Bad look for Circle.
The Bitget hacker stole $350M today, and a part of these funds was in USDC.
Circle had the possibility to freeze these funds as USDC is centralized, but it chose to do nothing.
That says a lot about how much Circle cares about saving user funds.
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Craziest thing I've seen in a while:
âĸ Someone buys $4M worth of BONK
âĸ Then posts a DAO proposal asking to transfer $20M in BONK to themselves
âĸ Waits 7 days without anyone noticing
âĸ Then votes "yes" with their own BONK holdings, and the proposal passes
âĸ $20M is transferred to them
And now the Bonk team has suddenly realized they lost $20M.
This wasn't even a hack.
The proposal passed because no $BONK holders checked the governance forum.
Insane to see the current state of DAOs.
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