Despite the meteoric pullback from the decentralized finance bull market. The average performance of DeFi tokens has far exceeded that of Bitcoin and Ethereum. However, the average return of DeFi tokens is on par with Bitcoin.
Today, the cryptocurrency analyst with the pseudonym ‘Ceteris Paribus’ shared data with his 12,000 followers by compiling the average of the YTD and the average performance of the top 40 cryptoassets. Composed of 38 main DeFi assets, Bitcoin (BTC) and Ether (ETH). About 26 of the DeFi assets are currently posting earnings on the YTD.
The analyst found that the median return stands at around 148.8%, which is 15.5% above Bitcoin’s gain of 133.3% on the YTD. Therefore, half of the DeFi tokens are above that level, and the other half are below. Paribus said it was pretty even:
“Strong bounce in November so far, but unlike the summer, the average return on tokens has equaled that of BTC, not exceeded.”
Value DeFi protocol hacker is bombarded with sad stories after returning $ 95,000 in Dai
On November 14, an unknown actor took advantage of flash loans through the Value DeFi decentralized finance protocol to steal approximately $ 5.4 million. However, several people have received a portion of their funds stolen. After pleading with the hacker using input data on the Ethereum blockchain.
According to Etherscan data, the hacker sent $ 95,000 worth of Dai on Sunday to two of the victims who posted visible messages in the Ethereum block explorer input data.
The attacker then exchanged 25 million Dai for the stablecoin mvUSD. 91 million DAI for USD Coin (USDC) and 31 million USDT for 17 million USDC. Each exchange was planned to take advantage of the price used by Value’s vault withdrawal method.
Uniswap’s liquidity drops 40% in one day
The total value of locked assets on major decentralized exchange (DEX) Uniswap has plummeted 38% in 24 hours. In the midst of the conclusion of its UNI liquidity rewards program on November 17.
Meanwhile, SushiSwap’s ‘vampire’ clone has doubled its total locked value (TVL) and is aggressively seeking additional liquidity.
Following the sharp decline in liquidity from DeFi Uniswap, token holders have started the voting process for a new governance proposal. Which aims to restore rewards in the form of UNI tokens for liquidity providers.
The new proposal, presented by Cooper Turley of music streaming platform Audius, cuts the amount of UNI rewards in half. Compared to the previous program.
While previously 2.5 million UNI tokens were distributed to liquidity providers of Uniswap’s WTBC / ETH, USDC / ETH, USDT / ETH and DAI / ETH consortia each month, the new proposal would designate 1.25 million UNI to each consortium monthly for two months. Which equates to a total of 10 million tokens, or roughly 4.6% of UNI’s current circulating supply.
The community will vote first in an “instant poll”, which must receive 25,000 votes in favor within three days. To proceed to a second “consensus verification” survey with twice the required voting quorum in five days.