Ethereum & Other Altcoins Are All A "Pyramid Scheme" - Max Keiser.
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DeFi Protocols Amasses $20 Bln In Deposits.
2021-02-18 | Eddy Morgan
“The top three lending platforms will generate $660 Mln in interest per annum at the time of reporting.”Messari researcher Mira Christanto outlined that protocols extract value by both attracting capitals & putting it to use, and their TVL [Total Value Locked], reflects this. TVL is the present metric for measuring the performance of a DeFi protocol and it can vary counting on the calculations employed by several different analytics suppliers. In line with Dune Analytics, Maker has reached an all-time high of $6.38 Bln in deposits locked as collateral. Compound Finance also has an all-time high of $8.7 Bln while Aave has $6.5 Bln. Between them, they have a sum of $21.58 Bln. Moreover, DappRadar & DeFi Pulse both suggest the combined figure for the trio of protocols is presently more like $17 Bln. Meanwhile, centralized finance platform Celsius Network is additionally performing well in terms of users and collateral lockup. Consistent with a 15th Feb. report, Celsius has paid over $250 Mln in cryptocurrencies yield to its users, has over 415k users, and manages over $8 Bln in cryptocurrency assets.
